MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users' wallets. MEV gain, an Ethereum (ETH) 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 from its users' wallets. Our analysis confirms what the @mevbots promotes for....
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