The Ethereum MEV bot jaredfromsubway.eth, known for sandwich attacks that profit from front-running trades, was exploited to lose over $7.5 million. An attacker tricked the bot into approving fake trading routes and malicious contracts mimicking popular tokens like WETH, USDC, and USDT, allowing the attacker to drain funds over several weeks. This incident highlights the risks of automated trading systems that rely on pattern recognition and fast approvals, showing even predatory bots can become victims. The stolen funds were partly routed through Tornado Cash, complicating traceability, and the event underscores the scale and dangers of industrialized sandwich attacks on Ethereum.
Pump.fun's new GO bounty feature has paid over $370,000 for tasks ranging from charity work to extreme stunts like forehead tattoos and quitting jobs on camera. Critics warn that crypto rewards may pressure vulnerable users into unsafe or degrading a...
BlackRock's iShares Bitcoin Trust (IBIT) ETF, launched in January 2024, has attracted $48 billion in assets and over 765,000 BTC, with 75% of its investors being first-time ETF buyers. This product is blending traditional finance with crypto, drawing...
Polygon's network activity surged to nearly 8 million daily transactions, the highest this month, supporting a 5% price gain for POL. The altcoin broke above a key resistance at $0.08135, driven by increased whale buying and rising liquidity. With st...
Anthony Scaramucci, founder of SkyBridge Capital, remains confident in Bitcoin despite its recent sharp correction. He highlights five reasons for his bullish stance: Bitcoin's role as a hedge against currency debasement, its fixed supply enforced by...
Bitcoin recovered to around $64,200 over the weekend after a Friday sell-off, remaining roughly flat for the week. The market is focused on US-Iran ceasefire talks in Switzerland, while Iran's renewed threat to close the Strait of Hormuz adds uncerta...
