Trading on a trading pair on Pancakeswap, the MEV bot earned approximately $1.5 million with a transaction cost of $4.
A MEV bot on BNB Chain targeted Pancakeswap’s BH/USDT trading pair. The MEV bot earned $1.575 million through a Flash Credit transaction that cost $4.16. This transaction was recorded as the largest single arbitrage gain on BNB Chain.
According to EigenPhi, on October 11, MEV Bot: 0x21…480C on BNB Chain made a profit of US$1.575 million through a flash loan attack on the Pancakeswap BH/USDT trading pair for only $4.16, becoming the largest single arbitrage profit in the history of BNB Chain. According to…
— Wu Blockchain (@WuBlockchain) October 12, 2023
MEV boat achieved record profits
According to EigenPhi data, a MEV bot working for arbitrage made a record transaction on BNB Chain. MEV bot traded on Pancakeswap, one of BNB Chain’s most active decentralized exchanges. In this transaction, he targeted the BH/USDT trading pair.
MEV bot generated $1.575 million in revenue at a cost of $4.16 in this Flash Credit transaction, which took place on October 11. The bot entered a single transaction in the last week and made an incredible arbitrage profit from it. It was noteworthy that the bot made a single transaction and broke a record with this transaction.
This transaction, which was the highest arbitrage gain in BNB Chain history, also attracted reactions. Beosin stated that this was not just an arbitrage, but also a manipulation attack on the BH token.
Immediately after the Flash Credit transaction, the wallet was seen to have transferred $1.27 million to Tornado Cash. Tornado Cash is known as a platform that mixes cryptocurrencies and provides complete privacy.
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