The bot front-ran a malicious hacker and secured the funds which were later returned to Curve.
Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.In an act of ethical hacking, an MEV bot operator bearing the ENS name ‘c0ffeebabe.eth’ returned 2,879 ETH to Curve Finance. The funds had been diverted from the CRV-ETH liquidity pool during an exploit.$26 million
was appropriated due to a reentrancy vulnerability within its factory pools. This adversely impacted multiple projects, including JPEG'd, Metronome, and Alchemix. This initial attack was succeeded by a second phase wherein 7.1 million CRV and 7,680 wrapped ether wereEmploying MEV bot, the ethical hacker c0ffeebabe.eth was able to front-run a malicious hacker, securing the aforementioned 2,879 ETH during the second phase. This sum was later duly returned by c0ffeebabe.eth to the Curve deployer address, presumably its rightful custodian, according to on-chain analysis.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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