Category: Maximal Extractable Value

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Subway-themed trading bot makes millions using ‘sandwich’ attacks

The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000. An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins. The wallet address, linked to the Ethereum Name Service (ENS)…
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Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses

On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind…
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