MEV bot earns $1M but loses everything to a hacker an hour later
An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.
An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.
Fresh losses are contained only after $2,000 gets wiped from the BTC spot price, with a recovery yet to make an appearance.
Can Web3 replace Web2… and what stands in the way of this happening? We look at some of the biggest challenges facing this burgeoning sector right now.
Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.
An NFT collector borrowed 1,044 ETH against two MAYC NFTs, just to purchase another MAYC NFT for 1,000 ETH, and Sega is set to drop its first blockchain game.
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.
The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation.
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
The theory is “not convincing enough to accuse the Wintermute project,” wrote BlockSec, as it highlighted that Wintermute’s actions during the hack made sense given the circumstances.