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.
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) October 12, 2023
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.
Although MEV Bots are generally used for arbitrage, they are also used for attacks and price manipulation.
*This is not investment advice.
