The post Ethereum Hits Record High in Block Rewards Following Curve Finance Exploit! appeared first on Coinpedia Fintech News
Ethereum has experienced a record high in maximum extractable value (MEV) block rewards following an exploit on the decentralized exchange Curve Finance which resulted in the misappropriation of more than $52 million. Yesterday saw the most lucrative day for MEV since last year’s Merge, with an estimated 6,006 ETH ($11.1 million) paid out as rewards, according to data from mevboost.pics. MEV bot operator c0ffee babe. Eth returned 2,879 ETH ($5.4 million) to Curve Finance after securing the funds from a malicious hacker who had exploited the reentrancy vulnerability in certain Curve liquidity pools.