đ€ MEV-bot takes $12M loan, earns just $20!
An #MEV-Bot took out a $11.7M flash loan but made a profit of only $20, according to #ArkhamIntelligence .
đ„Ș The bot executed a "sandwich attack" on a user swapping $5,000 worth of Shuffle (SHFL) #tokens for WETH. The slippage on the transaction was around 2%.
In total, the bot performed 14 transactions across DeFi protocols like Balancer, $AAVE , and Uniswap. After paying gas fees, the profit amounted to just over $20. đ€·
"Unlucky," #ARKHAM commented. đ
Users joked in the comments, noting that in todayâs market, even MEV-bots can barely make more than $20. đ
