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coinpedia 2023-06-15 11:08:57

Crypto Bot’s $200M Flash Loan For $3 Profit Raises Eyebrows

The post Crypto Bot’s $200M Flash Loan For $3 Profit Raises Eyebrows appeared first on Coinpedia Fintech News A crypto trading bot designed to execute arbitrage trades made a series of complex transactions on the Ethereum blockchain, including a $200 million flash loan, all to secure a mere $3.24 profit. On June 14, Arkham Intelligence, a blockchain analysis organization, released a report detailing the bot’s actions. The organization highlighted that the transaction was conducted …

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