After the attacker used vulnerability in the access control system, the maximum extractable value (MEV) bot lost about $ 180,000.
On April 8, Block Chain security firm SLOWMIST said that the MEV bot lost 116.7 Ether (ETH) due to lack of access control. VLADIMIR SOBOLEV, also known as an officer’s notes for X, said that the attacker exploited the vulnerability of the bot and changed ETH to a pile token.
Sobolev said that this was done through the malicious grass created by the attacker within the same deal. The Institute of Threats added that MEV owners can prevent them by implementing more stringent access control.
In 25 minutes, the owner of MEV proposed a bounty to the attacker. The owner then distributed a new MEV bot with a more stringent access control verification.
Sobolev compared the use in 2023 with similar events, where MEV bots lost $ 25 million after exploitation. On April 23, 2023, the bot, who performed a sandwich trade, lost his wounds to the lost valid turmeric.
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The fake MEV bot guide rises
Ether Leeum’s MEV bot is a trading bot that uses the maximum extractable value. This is the maximum profit that can be extracted from block production. This is carried out by transactions, insertion or censorship within the block.
BOT observes Ether Leeum’s withheld and is looking for potential benefits. This bot can perform a leader, a white run, or a sandwich transaction. Because of this, bots are controversial because they steal the value of ordinary users during volatility or congestion.
Despite the debate over MEV bots, many people continue to use. But beginners who benefit from this bot can often fall into other traps produced by a scammer.
Sobolev told Cointelewraph that fraudulent MEV bot data increased online. The researcher said the tutorial provides a way to use the MEV bot to make money and post fake installation guidelines. Sobolev said, “This will often allow hackers to steal money.
He checked the user to resources and urged the scammer not to feed.
https://www.youtube.com/watch?v=nsz0cyhcifo
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