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MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)

submitted 6 months ago by 0nekoneko7@lemmy.world to c/technology@lemmy.world

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[-] bartolomeo@suppo.fi 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.

this post was submitted on 16 May 2024

277 points (96.6% liked)

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