Ethereum MEV Bots See One Of The Most Profitable Days Due To Exploit | Headlines | News | CoinMarketCap

08/01/2023 03:11
Ethereum MEV Bots See One Of The Most Profitable Days Due To Exploit | Headlines | News | CoinMarketCap

Ethereum MEV Bots have recorded one of their most profitable days due to the Curve Finance exploit. Ethereum’s core developer Eric Connor made this …

Ethereum MEV Bots have recorded one of their most profitable days due to the Curve Finance exploit. Ethereum’s core developer Eric Connor made this revelation in a couple of tweets on the X platform. 

Today has produced some of the largest MEV reward blocks in Ethereum’s history.

Slot 6,992,273: 584 ETH Slot 6,993,342: 345 ETH Slot 6,992,050: 247 ETH Slot 6,993,346: 51 ETH

— eric.eth (@econoar) July 30, 2023

How These MEV Bots Work

As revealed by Connor, one Maximable Extractable Value (MEV) bot received over $1 million in ETH from reproducing and front-running an incoming hack in the Curve stablepools. Three other MEV bots earned 345 ETH ($641,000), 247 ETH ($459,000), and 51 ETH ($94,600) respectively from the transactions. 

In total, MEV bots earned $11.1 million …

Read more --->