MEV bot earns $1M but loses everything to a hacker an hour later By Cointelegraph

MEV bot earns $1M however loses the whole lot to a hacker an hour later

An arbitrage buying and selling bot managed to hit the jackpot and lose all of it on the identical day in an ironic flip of occasions in decentralized finance (DeFi).

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In a Twitter (NYSE:) thread, Robert Miller, who works on the analysis agency Flashbots, shared how a Maximal Extractable Worth (MEV) bot with the prefix 0xbadc0de was capable of earn 800 Ether (ETH), round $1 million, by way of arbitrage trades.