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    MEV bot exploited for almost $2 million

    By ApeSpaceNovember 8, 2023

    An MEV bot was exploited after an attacker discovered a vulnerability in its code that allowed anyone to call one of its functions that sold wBTC for wETH. Using a flash loan to imbalance a wETH/wBTC pool on Curve, the attacker then caused the bot to purchase wBTC at its inflated price. They then sold the wBTC for a profit. Altogether, the exploiter made off with 1,047 ETH ($1.975 million).


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    This content was sourced from Web3IsGoingGreat

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