Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses – Bitcoin News

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On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million.

, a Web3 and blockchain auditing and security firm told Bitcoin.com News in a note on Monday.

“In total, the rogue validator was able to replace MEV transactions worth $25.3 million,” Certik added. “The irony of MEV bots falling victim to a scheme like this is unlikely to earn them much sympathy from the general public, who tends to be the victim of their value extraction. Still, this incident highlights the dangers of centralized systems, where an agreement to play by the rules can be just as easily revoked as it was given.”, $1.7 million in DAI, and $13.

 

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