{"id":85617,"date":"2023-10-12T10:15:08","date_gmt":"2023-10-12T07:15:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85617"},"modified":"2025-09-13T00:25:14","modified_gmt":"2025-09-12T21:25:14","slug":"mev-bot-nets-1-575m-from-a-4-attack","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mev-bot-nets-1-575m-from-a-4-attack\/","title":{"rendered":"MEV bot nets $1.575m from a $4 attack"},"content":{"rendered":"<p>On 11 October <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-mev-in-ethereum\">MEV<\/a>-bot on the BNB Chain network earned a profit of $1.575 million through an attack using a flash loan of the BH\/USDT trading pair on PancakeSwap, according to <a href=\"https:\/\/eigenphi.io\/mev\/bsc\/tx\/0xc11e4020c0830bcf84bfa197696d7bfad9ff503166337cb92ea3fade04007662\">EigenPhi<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/VokmUCH3VTWLY_GV0Bkw6QYxf36wzq4E5vFHX2Tr2zbZnGZ_7IZ7xgo1GvEThypC1I7xWCGOCm_AfkKEFw4qFVc9NbrJurgClxpQ6WdcTXvpsT1EQyfAWx2FYZhB-YvoBrgQlse9mnEbSGMx_wOsgz0\" alt=\"MEV bot earned $1.5m from a $4 attack\"\/><figcaption class=\"wp-element-caption\">Data: EigenPhi.<\/figcaption><\/figure>\n<p>The costs of the arbitrage, the largest in BNB Chain history for such operations, totalled just $4.16.<\/p>\n<p>According to Beosin, the BH token was exploited for about $1.27 million through price manipulation.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BH<\/a> token on BNB Chain was exploited for ~$1.27M due to suspected price manipulation. The profits were sent into Tornado Cash.<br \/>Attacker: 0xFDbfcEEa1de360364084a6F37C9cdb7AaeA63464<\/p>\n<p>The attacker flashloaned a large amount of <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a>, then called 0x33688938() to add <a href=\"https:\/\/twitter.com\/search?q=%24USDT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDT<\/a> to the\u2026 <a href=\"https:\/\/t.co\/POppQswi7u\">pic.twitter.com\/POppQswi7u<\/a><\/p>\n<p>\u2014 Beosin Alert (@BeosinAlert) <a href=\"https:\/\/twitter.com\/BeosinAlert\/status\/1712139760813375973?ref_src=twsrc%5Etfw\">October 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The attacker supplied a loan in USDT, then swapped into BH in the BH\/USDT pair, draining the token\u2019s liquidity. The contract sets a normal 1 USDT : 100 BH ratio when funds are added. Through the swap, the attacker managed to withdraw roughly 1 USDT for 2 BH.<\/p>\n<p>According to Beosin, the unknown actor sent the proceeds to the mixer <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-tornado-cash-mixer-and-why-was-it-sanctioned\">Tornado Cash<\/a>.<\/p>\n<p>On 11 October, BH\u2019s price jumped unexpectedly from $0.01 to around $2 in the BH\/USDT pair on PancakeSwap. This move was preceded by a sharp drop in quotes. At the time of writing, the token was trading near $2.1.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/ER6DDn-UKWsURX9p_lgRoWxstftWZTHgfRZ_8jRSv5jru4IiMIK1fTgUfotTRtNrQ2n5yuoAP3PkpdmTdGeJdEZhkD9FgxUHPgRafN6crAKPP_wE8AIpg82PhtoND2H1wdBOpe1M4v6HJ1gekkgbxRE\" alt=\"MEV bot earned $1.5m from a $4 attack\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0x2371e4ad771020ce3d8252f1db3e5559fba8eeb5?utm_source=coingecko&#038;utm_medium=referral&#038;utm_campaign=searchresults\">CoinGecko Terminal<\/a>.<\/figcaption><\/figure>\n<p>Earlier, ForkLog <a href=\"https:\/\/u1f987.com\/en\/news\/scam-surge-the-top-10-vectors-of-defi-attacks\">reported in a piece<\/a> on more than ten major vectors of attacker attacks on DeFi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 11 October, an MEV bot on the BNB Chain network earned a profit of $1.575 million from an attack using a flash loan on the BH\/USDT pair on PancakeSwap, according to EigenPhi.<\/p>\n","protected":false},"author":1,"featured_media":85618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1307,1231],"class_list":["post-85617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bnb-chain","tag-mev"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85617"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85617\/revisions"}],"predecessor-version":[{"id":85619,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85617\/revisions\/85619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85618"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}