The MEV bot was exploited and lost about 1000 ETH / Risk cost of MEV bot

According to SlowMist Monitoring, the MEV bot at the beginning of the 0x05f0 was exploited and lost about 1,000 ETH. The core reason is the lack of authentication of the 0xf6ebebbb function used to trigger arbitrage in the contract. An attacker calls this function to carry out the attack. (PANews report)

The loophole of the investment bot program is exploited, clips used as arbitrage are loved and hated, and the gas is raised at the same time to grab the order, this is a product for the greedy. The risk is hidden, and the cost of doing MEV bot is so high, you must become a blockchain node and scan transactions from time to time, and run MEV seriously for a year, which costs at least hundreds of thousands of dollars. This time you will lose about $2 million, what about next time? (SDChain report)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.