this post was submitted on 16 May 2024
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277
MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 2 points 6 months ago

What's funny is that that's a description of MEV.

gaining access to pending transactions, altering the movement of the electronic currency, and ultimately stealing $25 million in cryptocurrency from their victim

I skipped "fraudulent" because neither MEV bots nor this attack can be called fraudulent imo, although MEV is definitely taking value one didn't help create.