{"id":33958,"date":"2023-01-26T09:44:15","date_gmt":"2023-01-26T09:44:15","guid":{"rendered":"https:\/\/lydian.io\/?p=33958"},"modified":"2023-01-26T09:44:15","modified_gmt":"2023-01-26T09:44:15","slug":"mevbots-backdoor-drains-users-ethereum-funds-via-an-arbitrage-trading-bot","status":"publish","type":"post","link":"https:\/\/lydian.io\/mevbots-backdoor-drains-users-ethereum-funds-via-an-arbitrage-trading-bot\/","title":{"rendered":"MEVbots backdoor drains users' Ethereum funds via an arbitrage trading bot","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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MEV acquire, an Ethereum (ETH) arbitrage buying and selling bot developed by MEVbots that claims to supply hassle-free passive earnings, has been actively draining its customers' funds by way of a money-stealing backdoor. <\/p>\n
Arbitrage bots are applications that automate buying and selling for revenue primarily based on historic market data. An investigation into MEVbots' contract revealed a backdoor that enables creators to extract ether from their customers' wallets.<\/p>\n
Our evaluation confirms what the @mevbots<\/a> promoting the so-called \"MEV revenue\" has a money-stealing backdoor. *DON'T* fall for it https:\/\/t.co\/z2eDqMF36b<\/a>. And thanks @monkwithchaos<\/a> for the heads up https:\/\/t.co\/dhSNGljoH0<\/a> pic.twitter.com\/HWfCAwbae4<\/a><\/p>\n