- According to CertiK Alert, a hacker stole about $2 million in MEV bot hack.
- The hacker exploited a weakness where the MEV bot forgot to put permission limits on its functions.
- MEV bot contained an arbitrage trading function with no restrictions on callers.
CertiK Alert, a platform known for reporting crypto hacks and scams, posted that the MEV robot was hacked, with the hacker stealing nearly $2 million. According to the crypto alerts platform, the hacker exploited a weakness where the MEV bot forgot to put permission limits on its functions.
#CertiKSkynetAlertMEV robot hacked! (Loss ~2 million)
The reason is that the MEV bot forgot to put permission limits on its functions.
Here is the detailed analysis
— CertiK Alert (@CertiKAlert) November 8, 2023
In a detailed presentation, CertiK Alert explained that the MEV bot contained an arbitrage trading function with no restrictions on callers. That vulnerability made it susceptible to attacks from forced arbitrage trading.
According to the crypto hacks reporting platform, to exploit the protocol, the attacker borrowed a flash loan at Aave and exchanged a significant amount of WETH for wBTC, throwing the cur…
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