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Phalcon: A suspected MEV bot was attacked, resulting in a loss of approximately US$365,000

Phalcon: A suspected MEV bot was attacked, resulting in a loss of approximately US$365,000

CointimeCointime2023/11/13 03:15
By:Cointime

Phalcon posted on X platform stating that their system detected that contract 0x8c2d4e (suspected to be a MEV bot) was attacked due to lack of access control, resulting in a loss of approximately $365,000. Specifically, the attacker first called function 0xac3994ec to designate themselves as a privileged address (possibly in the role of a debt owner); next, the attacker called function 0x1270d364 to obtain assets.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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