Million

Tornado Cash

Tornado

Wu Blockchain said an attacker made approximately $1.5 million through the MEV bot with a transaction cost of $4. 
According to Wu Blockchain EigenPhi data, on October 11, a MEV Bot on BNB Chain made a profit of $1.575 million with just a $4.16 flash loan transaction on the BH/USDT trading pair on Pancakeswap. 
He made the largest single arbitrage profit in history with his MEV bot transaction. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 According to EigenPhi, on October 11, MEV Bot: 0x21…480C on BNB Chain made a profit of US$1.575 million through a flash loan attack on the Pancakeswap BH/USDT trading pair for only $4.16, becoming the largest single arbitrage profit in the history of BNB Chain. According to… 
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1712313117563375912?ref_src=twsrc%5Etfw">October 12, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
While this transaction continued to be talked about in the market, Web3 platform Beosin Alert said that the MEV bot transferred $ 1.27 million of its profit to Tornado Cash after this transaction to launder it. 
While the attacker continued to keep 300 thousand dollars in the wallet, it was claimed that the address that carried out the attack was “0xFDbf…3464”. 
BiH, which was the subject of the attack, experienced an increase of more than 20,000% after this transaction. With this increase, BH reached $ 2.14 from $ 0.013. At the time of writing, BH continues to trade at $2.13. 
<img decoding="async" class="alignnone size-full wp-image-124394" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/10/BH_2023-10-12_14-50-06.png" alt="" width="1075" height="536"> 
Although MEV Bots are generally used for arbitrage, they are also used for attacks and price manipulation. 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/attacker-who-made-a-4-transaction-earned-1-5-million-from-this-altcoin/">Attacker Who Made a $4 Transaction Earned $1.5 Million from This Altcoin!</a>

Attacker Who Made a $4 Transaction Earned $1.5 Million from This Altcoin!

Bitcoin Sistemi EN

Other articles published on Oct 12, 2023

Bitcoin Price Prediction as US Core Inflation Data is Announced – Is a Bullish Reversal Imminent?

STEPN (GMT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Russia’s stock exchange ready to list Bitcoin under one condition

FTX-Alameda Bribery Scandal: Caroline Ellison Reveals $150M Payment to Chinese Officials

Investor AS Ini Sarankan Inilah Saatnya Beli Bitcoin

This Altcoin, which has a positive divergence from Bitcoin, has experienced an increase of over 1...

Join our free newsletter for daily crypto updates!