Ethereum

Millions

Show

Million

According to recent <a href="https://twitter.com/WuBlockchain/status/1694532521256776132?s=20" target="_blank" rel="noopener noreferrer nofollow">data</a> analyzed by crypto researcher @tomwanhh, so-called maximal extractable value (MEV) bots have been aggressively sniping Friend.Tech keys on the Ethereum blockchain and profiting heavily from the activity.
It is estimated that at least 113 MEV bots have cumulatively sniped more than 20,000 Friend.Tech keys, garnering over $2 million in profits so far. The most successful bot identified, with the address 0xCC…Cc85, has netted approximately $580,000 from sniping just 96 keys.
The analysis found that August 21st marked the peak so far for MEV bot activity related to Friend.Tech keys, with 216,000 successful transactions and 308,000 failed transactions attributed to bots on that date.
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
 
 <div class="rh-colortitle-inbox-label">
 FINALLY! A crypto arbitrage scanner that works! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" style="height: 1em; max-height: 1em;">
 </div>
 </div>
 <div class="rh-colortitlebox-text">
 <div class="wp-block-rehub-contenttoggler rh-contenttoggler">
 <div class="rh-toggler-wrapper" style="height:100px">
 Tired of missing out on crypto arbitrage <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b0.png" alt="💰" style="height: 1em; max-height: 1em;">?&nbsp;
 Let <a rel="noopener noreferrer nofollow" target="_blank" href="https://captainaltcoin.com/go/alphador/">Alphador.ai <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" style="height: 1em; max-height: 1em;"> do the work:</a>
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> CEX-CEX &amp; CEX-DEX arbitrage scanner with real-time updates
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> Sniping bots <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f916.png" alt="🤖" style="height: 1em; max-height: 1em;">&nbsp;
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> Wallet tracking <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50d.png" alt="🔍" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> Events calendar <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> Airdrops <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa82.png" alt="🪂" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" style="height: 1em; max-height: 1em;"> Telegram &amp; Friends.tech bots <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ac.png" alt="💬" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/23f0.png" alt="⏰" style="height: 1em; max-height: 1em;"> Real-time alerts &nbsp;
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f501.png" alt="🔁" style="height: 1em; max-height: 1em;"> Constantly updating <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f195.png" alt="🆕" style="height: 1em; max-height: 1em;">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" style="height: 1em; max-height: 1em;"> Actionable suggestions daily <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a1.png" alt="💡" style="height: 1em; max-height: 1em;">
 Stop leaving profits behind! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6d1.png" alt="🛑" style="height: 1em; max-height: 1em;">&nbsp;
 <a rel="noopener noreferrer nofollow" target="_blank" href="https://captainaltcoin.com/go/alphador/">Sign up for early access now! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" style="height: 1em; max-height: 1em;"></a>
 Show more +Show less –
 </div>
 </div>
 </div>
</div>
The researchers highlighted that extracting MEV from NFTs and social tokens is a growing trend, and lack of regulation allows bots to take advantage of scarcity and high demand to profit heavily from this activity with minimal effort.
While innovative, the proliferation of MEV strategies raises concerns around fair access to scarce digital assets. The community may need to explore solutions to curb predatory bot activity on open blockchains.
Join us on <a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a> and <a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> for the latest insights and discussions in the world of crypto.
Explore our <a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a> and stay ahead of the curve with our expert <a href="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.
The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/bots-rake-in-over-2-million-in-profits-sniping-friend-tech-keys-heres-how-they-made-millions/">Bots Rake in Over $2 Million in Profits Sniping Friend.Tech Keys, Here’s How They Made Millions</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

Bots Rake in Over $2 Million in Profits Sniping Friend.Tech Keys, Here’s How They Made Millions

CaptainAltcoin

Other articles published on Aug 24, 2023

Join our free newsletter for daily crypto updates!