Ethereum MEV rewards hit $11 million in a single day due to Curve exploit

Yesterday was the most profitable day for MEV rewards since the Merge, with 6,006 ETH paid out.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Ethereum experienced a record payday in maximum extractable value block rewards, as a result of a tumultuous exploit on certain liquidity pools on the decentralized exchange Curve Finance.

Slot 6,992,273 saw a reward of 584 ETH , slot 6,993,342 had a 345 ETH reward , and slot 6,992,050 followed closely with a 247 ETH reward , as first

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Ethereum logs $1M MEV block reward amid Curve Finance exploitThe Curve Finance exploit has led to 'some of the largest MEV reward blocks in Ethereum’s history,' according to Ethereum core developer econoar. econoar “A bot notices an incoming hack in the mempool, reproduces the tx [transaction] and front runs it”, he explained before adding, “To do so they pay the block producer a lot of ETH to be front of the line.”
Source: Cointelegraph - 🏆 562. / 51 Read more »