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MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot

An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users’ wallets.

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Archive context

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

MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot

An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users’ wallets.

Why this matters

This ethereum 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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