MEV Bots Makes Off With $1.3 Million In BTC From $730K CRV

On November 4, A uniswap user made mistake and Maximal Extractable Value (MEV) Bots swarmed the CRV pool right away, exchanging valuable Bitcoin for Curve DAO token (CRV). The first bot made off with $1.36 million in Bitcoin for just $730K in CRV. 

However, the bot only netted $260, paying $527K of ETH to the validator for this transaction. The Curve DAO token (CRV) was in a liquidity pool when the Uniswap user unintentionally deposited $1.56 million worth of wrapped bitcoin.

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2023-11-04 23:32