CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Crypto Basic 2023-10-10 15:10:13

Ethereum Foundation Fell Victim to an MEV Bot, Losing $9K Upon Selling Off 1.7K ETH

The Ethereum Foundation, a non-profit supporting the development of the Ethereum network, recently lost over $9,000 to an MEV bot when it sold ETH for $2.7 million. Recall that the Ethereum Foundation sold off precisely 1,700 ETH tokens for $2.7 million in USDC yesterday at 08:18 (UTC), as previously reported by The Crypto Basic. This selloff raised The post Ethereum Foundation Fell Victim to an MEV Bot, Losing $9K Upon Selling Off 1.7K ETH first appeared on The Crypto Basic .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.