Bitcoin

MEV Explained: Ethereum’s Top Sandwich Bot Made $295M, Then Lost $7.5M

A single Ethereum contract has pulled in more than 117,000 ETH, roughly $295 million at current prices, sandwiching other traders since March 2023, and in June, an anonymous attacker turned its own playbook against it for a $7.5 million payday. The Hunter Becomes the Hunted Earlier this year in June, an unidentified attacker deployed 66…

MEV attacks 101A single Ethereum contract has pulled in more than 117,000 ETH, roughly $295 million at current prices, sandwiching other traders since March 2023, and in June, an anonymous attacker turned its own playbook against it for a $7.5 million payday. The Hunter Becomes the Hunted Earlier this year in June, an unidentified attacker deployed 66 […]

Source: https://news.bitcoin.com/learning-insights/mev-sandwich-attacks-explained/