The leading stablecoin issuer, Tether, has prohibited an address that thieved $25 million from Maximal Extractable Value (MEV) bots. MEV-help exploits large MEV exploits by sandwiching transactions in between The MEV-help hand-off to outsmart the MEV bots attempting to execute a sandwich exchange. Sandwiching happens when one request is put preceding the exchange and another following it. Essentially, the trader will simultaneously front-run and back-run, sandwiching the initial pending transaction in between.It was the largest MEV exploit to date when the rouge validator address swooped in to back-run the MEV’s transaction, resulting in losses of nearly $25 million in various The post Validator Address Drained Mev Bots For $25m Blacklisted By Tether appeared first on Cryptoknowmics-Crypto News and Media Platform .
