Threat researcher Vladimir Sobolev told Cointelegraph that there’s been a rise in fraudulent MEV bot tutorials, leading users to lose their funds.
A maximal extractable value (MEV) bot lost about $180,000 in Ether after an attacker exploited a vulnerability in its access control systems.
On April 8, blockchain security firm SlowMist reported that the MEV bot lost 116.7 Ether (ETH) because of the lack of access control. Threat researcher Vladimir Sobolev, also known as Officer’s Notes on X, told Cointelegraph that an attacker exploited a vulnerability in the bot, causing it to swap its ETH to a dummy token.
Sobolev said this was done through a malicious pool created by the attacker within the same transaction. The threat researcher added that this could have been prevented if the MEV owner implemented stricter access controls.
