A highly profitable bot is sandwiching @CurveFinance stablecoin trades with $100m+ swaps through a fascinating strategy to get leverage
Thread on the latest in sandwiching
If you liked Salmonella you're gonna love this
Last night someone used an *extremely* clever mechanism to take a hundred ETH from sandwich bots
Then a 2nd person jumped in and made 300 MORE ETH by exploiting other sandwich bots
Long thread on how 👇🏻
Imagine making 800 ETH in a single arb
... and an hour later then losing 1100 ETH to a hacker
Here is the story of 0xbaDc0dE, an MEV bot who gained and lost it all in a few hours tonight
Quick look:
- Punk was put up to sale by contract A
- Contract B takes out a massive flashloan and buys punk from contract A
- When contract A receives ETH from B it immediately sent all of it back to B
- Contract B then used the ETH to repay their flashloan
Today an NFT started minting with a function which unfortunately which lets anyone drain all their ETH
A few hours later there was an MEV bot skirmish over the ETH in this contract, here's a short thread with some details
Went to Etherscan to check this person out and of course their ens is "bigbrainchad.eth" and their function selector is "Code Is Law."
In seriousness symbolic execution bots have been around for years now, no surprise that simple exploits get taken next block
Ok so netting this out:
- This wasn't a real sale
- This wasn't an exploit either
- No one made money
- They probably did this to generate a bunch of buzz about it on Twitter and troll a bit
Last week a monster in Ethereum's dark forest revealed themselves to me.
This blog post tells the story of that encounter:
bertcmiller.com/2021/12/28/gli…
Even @VitalikButerin can't escape the monsters of the dark forest
Twitter wasn't the only party watching Vitalik's wallet. As always bots were ready to extract what value they could from his pending transactions.
Brief recap of those bots and what Vitalik did