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3232Blockchain and Nation-State Infrastructure: Why Bother?
https://www.digit.info/blockchain-and-nation-state-infrastructure-why-bother/
Sun, 04 Aug 2024 04:30:18 +0000https://www.digit.info/blockchain-and-nation-state-infrastructure-why-bother/Read more]]>We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […]
]]>Rogue Validator Exploits MEV Bots on Ethereum, Resulting in $25.3M in Crypto Losses
https://www.digit.info/rogue-validator-exploits-mev-bots-on-ethereum-resulting-in-25-3m-in-crypto-losses/
Tue, 04 Apr 2023 16:00:14 +0000https://www.digit.info/2023/04/04/rogue-validator-exploits-mev-bots-on-ethereum-resulting-in-25-3m-in-crypto-losses/Read more]]>On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind […]
We listen to talk after talk about crypto finally achieving asset-class legitimacy, but truly speaking, the encroachment of Wall Street giants into the blockchain space is a double-edged sword. The following is an opinion editorial written by Karel Kubat, Founder of Union Labs. As blockchain enthusiasts, we’ve long championed decentralization, transparency, and democratized access—the 2008 […]
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On April 3, 2023, at Ethereum block height 16,964,664, a group of MEV (Maximal Extractable Value) bots were exploited for $25.3 million. An analysis of the exploit revealed that a renegade validator switched the MEV bots’ transactions and seized various crypto tokens, such as 7,460 wrapped ether and 64 wrapped bitcoin. While the Mechanisms Behind […]