Ethereum logs $1M MEV block reward amid Curve Finance exploit
The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos.
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The highest recently generated block reward was 584 ETH, created by a MEV bot front-running transactions during the DeFi chaos.
One such critical aspect, mostly within the Ethereum network and the larger DeFi space, is the concept of Maximal Extractable Value (MEV).
The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000.
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks. (Read More)
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