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$12 MILLION DOWN THE DRAIN: Meet the MEV Bot That Proved Luck Is Actually Just a Myth

A  illustration depicting a giant hammer crushing a piggy bank with $12 million written on it in coins, while a small pile of money ($20) lies nearby, surrounded by broken chains and shattered glass representing the MEV bot's failed attack.

MEV Bot: Where Luck Goes To Die A $12 million flash loan taken out by an MEV bot only yielded a paltry $20 in profit. Because what’s more thrilling than watching someone lose millions on cryptocurrency? It’s not like we’ve seen that before… or will see it again, and again, and again.

Source: cointelegraph

An “unlucky” maximum extractable value (MEV) bot took out a staggering $12 million flash loan but only made $20 from its exploits. In a Sept. 5 X post, blockchain analytics platform Arkham Intelligence stated that the MEV bot took out a $11.97 million loan in Wrapped Ether (WETH) to “sandwich” a user trying to swap around $5,000 worth of Shuffle (SHFL) tokens.  Source: Arkham Intelligence According to Arkham data, the […]

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