MEV bot suffers $3 million loss amid mispriced token swaps

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Quick Take

  • One MEV bot lost $3 million from multiple token swaps that went awry.
  • These trades went bad as other MEV bots were able to upset its trading strategy.
A buggy MEV bot lost about $3 million from multiple bad trades after being sniped by several other arbitrage bots.
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Editor

To contact the editors of this story: Tim Copeland at [email protected], Madhu Unnikrishnan at [email protected]

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