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MEV bot earns $1M but loses everything to a hacker an hour later

An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

MEV bot earns $1M but loses everything to a hacker an hour later

An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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