[ad_1]
MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
MEV gain, an arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor.
Arbitrage bots are programs that automate trading for profits based on historical market information. An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether (ETH) from its users’ wallets.
[ad_2]
Image and article originally from www.investing.com. Read the original article here.