MEV (Maximal extractable value) Bot attracted attention by achieving the largest single transaction arbitrage profit in history.
A MEV Boat, only $4.16 flash loan attack with $1,575 million profit got it. According to data provided by the on-chain analysis platform EigenPhi, a MEV Bot was launched on October 10. Binance Smart Chain (BSC) decentralized exchange (DEX) by connecting to the network Pancakeswap (CAKE) located on BH He turned to a volumeless token named .
The attacker first exploited the smart contract on the BH token worth millions of dollars. Tether (USDT) liquidity By adding it, he literally took over the token. The attacker then withdraws this liquidity and exploits the price gap that occurs during the withdrawal with the MEV Bot. At a cost of $4.16 $1,575 million profit has provided.
Funds were laundered
This transaction went down in history as the largest MEV Bot arbitrage profit in a single block. According to Web3 analyst Beosin Alert, the attacker was killed shortly after these actions. $1.27 million to launder profit To Tornado Cash transfer did. Remainder 300 thousand dollars The remainder are still the ones who carried out the attack. from wallet is being kept. The address that carried out the attack “0xFDbf…3464” It was recorded as .
BiH, which was at the center of the attack, unexpectedly Up to 20,000% increase by living from $0.0104 for $2.11 rose. However, in the BH/USDT trading pair $24 million volume was seen.
MEV is what miners can gain by verifying transactions on the blockchain. maximum reward amount represents. Various functions such as stock exchange transactions, liquidity pool transactions, transaction fees, stop-loss orders and arbitrage transactions fall within the scope of MEV. Although MEV Bots are generally used for arbitrage, they are also exploited for some trading attacks and price manipulations.