Flash

Tornado

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/mev-bot-makes-record-1-57m-profit-in-flash-loan-attack-on-bnb-chain/">MEV Bot Makes Record $1.57M Profit in Flash Loan Attack on BNB Chain!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>A flash loan attack on the Pancakeswap BH/USDT trading pair on the BNB Chain has resulted in the largest single arbitrage profit in the chain’s history, according to EigenPhi. The attack was carried out by the MEV Bot: 0x21…480C on October 11, generating a profit of US$1.575 million for only $4.16. However, Beosin monitoring showed that this was a premeditated price manipulation attack on BH, with the entire sum being transferred to Tornado Cash. This incident highlights the vulnerability of decentralized finance platforms to malicious attacks and the urgent need to implement better security measures.</p>

MEV Bot Makes Record $1.57M Profit in Flash Loan Attack on BNB Chain!

CoinPedia News

Other articles published on Oct 12, 2023

USDR stablecoin depegs to $0.53, but team vows to provide solutions

wETH Price Prediction 2023-2032: Will Wrapped ETH Remain Bullish?

ChatGPT Plugin Launched by CoinMarketCap for ChatGPT AI Chatbot

Mantle (MNT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Bankruptcy judge approves $175 Million settlement between FTX and Genesis Global Trading

Binance Announced It Is Investing In This Cryptocurrency Project!

Join our free newsletter for daily crypto updates!