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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 .

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