US Court Dismisses Case Against MEV Bot Attackers
A federal court in Manhattan has dismissed the case against brothers Anton and James Peraire-Bueno, accused of fraud in the Ethereum network and stealing $25 million in cryptocurrency.
Maximal Extractable Value (MEV) refers to the maximum value that can be extracted from block production in blockchain networks.
US Court Dismisses Case Against MEV Bot Attackers
A federal court in Manhattan has dismissed the case against brothers Anton and James Peraire-Bueno, accused of fraud in the Ethereum network and stealing $25 million in cryptocurrency.
Eden Network to Cease Operations and Distribute 2000 ETH Among EDEN Holders
The MEV protocol Eden Network has announced its closure. The project team attributed this decision to intense competition in the sector and high operational costs. Archer DAO was launched in 2020 on a mission to create a new revenue stream for Ethereum miners through realizing profits from MEV. In 2021, as EIP-1559 was enacted and […]
Experts Highlight MEV as a Barrier to Blockchain Scaling
Maximal Extractable Value (MEV) has emerged as a “dominant constraint on blockchain scaling,” according to a report by the Flashbots research group. Experts have discovered that spam transactions generated by arbitrage bots consume block space faster than even high-performance networks can expand it. “This is not a theoretical or isolated issue. We can observe it […]
DeFi’s manipulation problem: what the “financial LEGO” conceals
The fast-evolving DeFi sector offers users undeniable advantages regardless of capital, age or country. With a smartphone and an internet connection, you can access savings, loans and other financial tools without KYC, paperwork or intermediaries. For the unbanked, it is a way to manage their own money without bureaucracy and other barriers; in high-inflation economies, […]
MEV Bot Diverts $200,000 from PROMPT Airdrop Participants
The MEV bot Yoink transferred 119 ETH (~$200,000) to its wallets, acquired through front-running user claims on Kaito during the distribution of PROMPT tokens by Wayfinder, as reported by The Block. The platform conducting the airdrop, TokenTable, halted the process upon discovering the issue and promised full compensation for the losses incurred by affected users. […]
Sandwich-attack victim swapped $732,583 for $18,636
A cryptocurrency trader swapped about $732,583 in USDC for about $18,636 in USDT across six separate swaps, falling victim to a large sandwich attack. Unknown entity got sandwiched for 714k today on six separate USDC -> USDT swaps. (Traded with 100% slippage allowed.) They swapped 732583.429405 USDC for 18636.232611 USDT. A promised ?: pic.twitter.com/0rFNE4DfoP — […]
Record High for BNB Chain Blocks Affected by ‘Sandwich Bots’
In November, 35.5% of blocks in the EVM-compatible BNB Chain were subjected to ‘sandwich attacks’, marking a record level. This is indicated by data from a dashboard on Dune. Data: Dune. During the week from November 17 to 25, 645 active MEV bots were recorded on the blockchain. Their actions affected 43,397 traders—6.2% of the […]
MEV Bot Borrows $12 Million, Nets Just $20
An “unfortunate” MEV bot took out a flash loan of $11.7 million but managed to earn only $20 from the transaction. Analysts at Arkham Intelligence highlighted this incident. An MEV Bot just took out a $12 Million flashloan to make less than $20 in profit. It sandwiched a user trying to swap $5K of SHFL […]
Solana MEV Bot Amasses $30 Million in Two Months
A well-known MEV bot on the Solana network has amassed approximately $30 million in two months through arbitrage “sandwich attacks.” Over the past 1-2 months, arsc, the infamous sandwich bot on Solana, has pocketed over $30 million ?! Their profits are largely sitting in the following two wallets:? pic.twitter.com/N1JavgScC7 — Ben (@HypoNyms) June 15, 2024 […]
Majority of Blocked Solana Validators Were Russian, Reports Suggest
Over the weekend, the Solana network removed 32 validators from its delegation program for participating in “sandwich attacks”. According to CoinDesk, citing sources, most of the blocked operators were Russian citizens. They remain validators in the network but have lost the right to receive rewards for verifying transactions on the Solana blockchain. They also face […]
Solana Validators Expelled for Involvement in ‘Sandwich Attacks’
The Solana Foundation has announced the expulsion of a group of node operators from its delegation program due to their involvement in ‘sandwich attacks’ against users. This was reported by Tim Garcia, the head of blockchain validator relations, in a Discord channel. I’m sure a lot of super honest people who have a perfect understanding […]
MEV Bot Emerges as Ethereum’s Top Gas Consumer
In the past 24 hours, the operator of the MEV bot jaredfromsubway.eth has expended over 215 ETH (~$830,200) on Ethereum gas fees. Source: Etherscan. This amount represents nearly 1.6% of the total, making it the largest fee payer on the network. Since February 2023, the bot has spent a total of 77,115 ETH or $176.7 […]We use cookies to improve the quality of our service.
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