The arbitrage bot was hacked and misplaced about $2 million in one of many swimming pools of the Curve Finance platform.
This was first reported by a consumer underneath the pseudonym Spreek. He recommended that the hack occurred as a result of 0xf6ebebbb() operate.
This was confirmed by Beosin. In line with them, the attacker took benefit of the truth that it was out there with out authorization to pressure a swap between swimming pools.
He then issued an instantaneous mortgage for 27,255 WETH (greater than $51 million), modified the value stability within the WETH/WBTC pool, and carried out an arbitrage transaction via a bot.
The hacker exchanged 1339.8 WETH for six.95 WBTC on the new fee. He then repaid the mortgage. The injury from his operations reached about $2 million.
Beforehand, an unknown liquidity supplier misplaced greater than $700,000 as a result of actions of the MEV bot. Consumer (0x568) created a WBTC-CRV liquidity pool on the Uniswap v3 platform. He then deposited $1.56 million value of wrapped bitcoins into it. When organising, he blended up the CRV fee. The consumer set $1 as a substitute of $0.5.
#MEV #bot #Curve #Finance #pool #misplaced #hack