Security Incident · ETH Ecosystem
MEV Bots Contract Vulnerability: $1.50M Reported Loss
A bot named 0xbadc0de made a windfall when traders tried to sell 1.8 million cUSDC (USDC on the Compound protocol) ($1.85 million in nominal value), but only got $500 of the asset due to low liquidity in return.
- Reported loss
- $ 1,500,000
- Attack category
- Contract Vulnerability
Incident Overview
However, the MEV bot made a profit of 800 ETH (~$1 million) from the sold carry trade. An hour later, a hacker exploited a bug in 0xbadc0de's badc code to withdraw all 1,101 ETH (~$1.5 million) in the contract.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.