Ethereum

JPEG'd

<div class="sg-post-des">
  A frontrunning miner extractable value (MEV) bot that had drained approximately $11 million worth Ether from the Curve protocol returned nearly all of it. 
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<div class="cointelegraph"> 
 <p>A miner extractable value (MEV) bot that drained&nbsp;6,106 Ether from the Curve Finance pETH-ETH pool has <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ed&nbsp;most of the <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> to the JPEG'd deployer, which represents nearly all of the drained <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a>. This event occurred after the bot's address sent&nbsp;a message&nbsp;on the Ethereum blockchain seeking to prove that their email address was associated with the frontrunning bot.</p> 
 <figure> 
  <img src="https://cdn.thebittimes.com/images/2023/08/04/bb9189493f4c8b61fe09c0a1395d5a1f.webp"> 
  <figcaption style="text-align: center;"> <em>The Ethereum IDM negotiations that led to the partial return of funds</em>. <em>Source: Etherscan</em>.&nbsp; 
  </figcaption> 
 </figure> 
 <p>The <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ed <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> come only from the pETH-ETH Curve pool associated with the JPEG'd protocol, which was frontrun by the bot. All other exploited <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> are still under the control of the attacker who initiated the exploit. The Curve team has also sent a message to the original attacker in an attempt to get the rest of the <a rel="noopener noreferrer nofollow" title="funds" href="https://thebittimes.com/tag/funds.html">funds</a> <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ed.</p> 
 <p class="post-content__disclaimer">This is a developing story, and further information will be added as it becomes available. </p> 
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Curve hacker behind $61M heist begins returning funds

TheBitTimes

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