Maximal Extractable Value (MEV) has netted traders and miners some $1.7 million in profit in the last 24 hours alone.
Jun 15, 2020
Mining pool Ethermine said it would never freeze transaction fees again.
A DeFi trader tricked Ethermine's sandwich bot into purchasing "Salmonella" and "Listeria" tokens for some 130 ETH.
Over the past two days, an unknown wallet holder has paid some $5.2 million in transaction fees for two ether transactions.