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Bitstar2

06/21 07:55

Ethereum's biggest 'sandwich' bot drained of $7.5

Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit#HTX Creation Challenge — Post and Win 1,500U 💥 #World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge
Jaredfromsubway.eth, one of Ethereum’s most infamous MEV bots, has been drained for more than $7.5 million after an attacker turned the bot’s own automated trading logic against it. The bot is known for sandwich attacks, a form of maximal extractable value, or MEV, in which an automated trader spots a pending transaction, buys ahead of it, lets the victim trade at a worse price, then sells immediately after. The result is a small hidden tax on users that can add up across thousands of trades. Sandwich attackers aren’t typically a form of exploit but are looked upon in crypto circles as a type of predatory behavior, which skims value from users, leads to a spike in gas fees and doesn’t benefit either the network or the use
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