MEV BOT JUST FRONT-RAN A $7.8M EXPLOIT. 💀
A MEV bot on Ethereum named Yoink discovered and front-ran an exploit targeting Safe, involving 2,900 rsETH (~$7.8M).
Yoink spent nearly 19 ETH to secure the first position in block 25,980,525.
Result:
🎯 2,900 rsETH were taken by Yoink ahead of time
💸 ~18.95 ETH was returned to Yoink’s contract by the Pool Manager
⛓️ ~18.93 ETH was then transferred to the block builder
🚫 The original exploit transaction was executed afterward and reverted
BlockSec believes the cause was an incorrect authorization check in the execution contract of a Safe module. Blockaid said the exploit used a public multicall keeper + a malicious Uniswap v4 pool hook.
THE HACKER BROUGHT A KNIFE. YOIK BROUGHT A FASTER KNIFE. 💀
Is the MEV bot becoming an unintended “protector” layer for DeFi, or is this just another extraction game?
#Ethereum #MEV #defi #safeWallet
$ETH
A MEV bot on Ethereum named Yoink discovered and front-ran an exploit targeting Safe, involving 2,900 rsETH (~$7.8M).
Yoink spent nearly 19 ETH to secure the first position in block 25,980,525.
Result:
🎯 2,900 rsETH were taken by Yoink ahead of time
💸 ~18.95 ETH was returned to Yoink’s contract by the Pool Manager
⛓️ ~18.93 ETH was then transferred to the block builder
🚫 The original exploit transaction was executed afterward and reverted
BlockSec believes the cause was an incorrect authorization check in the execution contract of a Safe module. Blockaid said the exploit used a public multicall keeper + a malicious Uniswap v4 pool hook.
THE HACKER BROUGHT A KNIFE. YOIK BROUGHT A FASTER KNIFE. 💀
Is the MEV bot becoming an unintended “protector” layer for DeFi, or is this just another extraction game?
#Ethereum #MEV #defi #safeWallet
$ETH