The bot performed various complex transactions involving different DeFi protocols and borrowing $200 million in stablecoins.
A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchain, including taking a $200 million flash loan, all to secure a mere $3.24 profit.
On June 14, blockchain analysis firm Arkham Intelligence shared a breakdown of the bot’s movements. According to the firm, the transaction was made by an arbitrage bot that uses flash loans.It was part of an arbitrage transaction with a net profit of... $3?
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance to Withdraw from Cyprus Following SEC Lawsuit, Here’s a CatchThe leading global crypto exchange intends to eliminate its crypto trading license in Cyprus
Read more »
Someone Flash Loaned $200M From MakerDAO to Make $3 ProfitAn arbitrage bot took advantage of MakerDAO's DssFlash contract, creating a $200 million flash loan to extract $3 in profit. Reporting by oknightcrypto.
Read more »
XRP, XDC Demonstrate Resilience Amidst Regulatory Uncertainty, Uphold's Head of Research SaysXRP, XDC demonstrate resilience amidst regulatory uncertainty, Uphold's head of research says
Read more »
This Mega Popular Shibarium Token Gets Listed by New Exchange.LucieSHIB Shibarium's $BONE continues its listing spree, now added by another crypto exchange
Read more »
First Mover Americas: eToro Delists 4 SEC Targeted Tokens for U.S. CustomersFrom July 12, U.S. customers will no longer be able to open new positions in the tokens of Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC), eToro announced on Monday. LedesmaLyllah reports in First Mover Americas.
Read more »
Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months.TheFCA adds IBKR and Bitstamp to its crypto register after not adding any companies in six months. camomileshumba reports
Read more »