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Chronicles

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The US DOJ indicts two brothers for allegedly stealing $25M in crypto via an exploit of the MEV-Boost software used by some Ethereum validators

The alleged 12-second attack related to the controversial practice known as MEV, or maximal extractable value.  —  10 Years of Decentralizing the Future

CoinDesk Sam Kessler

Discussion

  • @alice_comfy @alice_comfy on x
    new rule if you win a trade against me it's wire fraud. enjoy prison.
  • @hsakatrades @hsakatrades on x
    @tier10k they messed with the cabal [image]
  • @bryceweiner Bryce on x
    The simulation is definitely broken
  • @thisisjoules @thisisjoules on x
    Wow! Looks like #SandwichTheRipper has been arrested by the USG for their attack on #Ethereum last year! Their attack broke the assumed atomicity of MEV bundles to extract $25 million in gains from a handful of unprotected MEV Searcher bots. https://www.justice.gov/...
  • @0xballoonlover @0xballoonlover on x
    mev-boost is officially enshrined. epbs advocates in shambles [image]
  • @vladzamfir Vlad Zamfir on x
    US attorneys are trying to establish new MEV-related fraud claims, potentially legally protecting MEV-boost reliant searchers against trading losses incurred when MEV-boost protocol guarantees fail (fundamentally possible bc proposers can always equivocate)...
  • @hosseeb Haseeb on x
    Wow. The MEV-boost bug exploit ($25M) from a year ago was just charged by the DOJ, facing up to 20 years for the exploit. Exploit explained here: https://medium.com/... Indictment: https://www.justice.gov/... [image]
  • @zaddycoin @zaddycoin on x
    The Jury trying to understand MEV and Ethereum block production: [image]
  • @functi0nzer0 Laurence on x
    The SDNY just charged two brothers for baiting US$25 million of counter-MEV from bots by exploiting MEV-Boost fucking lmao https://www.justice.gov/... [image]
  • @jeffjohnroberts Jeff Roberts on x
    Today's DOJ press release about the Ethereum bust reads like a comic: “Unfortunately for the defendants, their alleged crimes were no match for Department of Justice” “we lead ... with cutting-edge technology and good-ole-fashioned investigative work” https://www.justice.gov/...
  • @sdnynews @sdnynews on x
    Two brothers arrested for attacking the Ethereum blockchain and stealing $25 million in cryptocurrency https://www.justice.gov/...
  • @0xfoobar @0xfoobar on x
    so they skipped right over the sandwich bots and are indicting some dudes who made salmonella tokens
  • @ceterispar1bus @ceterispar1bus on x
    wild, this was for the exploit of the mev-boost relay
  • @laurentmt @laurentmt on x
    Criminalization of MEV wasn't on my bingo card for 2024. https://twitter.com/...
  • @bergealex4 Alex B on x
    OH IT'S ON [image]
  • r/Hedera r on reddit
    Ethereum HACKED and why everything but Hedera could be at risk