MEV Bots instantly rushed the pool to swap CRV for valuable WBTC - with the first bot making off with $1.
04 Nov 2023, 13:43
MEV Bots instantly rushed the pool to swap CRV for valuable WBTC - with the first bot making off with $1.36M in WBTC for only $730K in CRV.
But the bot only netted ~$260, paying $527K of ETH to the validator just to make this transaction.
Tough luck!
Same news in other sources
204 Nov 2023, 13:43
Check out the transaction on Arkham:
Check out the transaction on Arkham:.
Check out the transaction on Arkham:
https://t.co/iFjqSMXCYs
04 Nov 2023, 13:43
Somebody just lost $700K in 12 seconds thanks to MEV Bots.
0x568 was a large LP who entered the wrong values while creating a new WBTC-CRV pool on Uniswap v3 - and ended up adding $1.5M of liquidity far above fair market price.
Somebody just lost $700K in 12 seconds thanks to MEV Bots.
Somebody just lost $700K in 12 seconds thanks to MEV Bots.
0x568 was a large LP who entered the wrong values while creating a new WBTC-CRV pool on Uniswap v3 - and ended up adding $1.5M of liquidity far above fair market price.