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Flash Loaner Defrauded Makerdao Of $200M With Only $3 In Profit

Bot 'Attacks' MakerDAO's Flash Loan To Walk Away With $3 Profit

tldr; An arbitrage bot flash loaned $200 million worth of DAI from MakerDAO, making a $3.24 profit after transaction fees. The bot borrowed 200 million DAI tokens and supplied them to the

The Arbitrage Bot

Key takeaways: An arbitrage bot exploited MakerDAO’s ‘DssFlash’ contract, generating a $200 million flash loan for a profit of $3.

Someone Flash Loaned $200M From MakerDAO to

The arbitrage bot, used to take advantage of price discrepancies on the market, exploited MakerDAO’s ‘DssFlash’ contract for zero-fee borrowing of its DAI.

Flash Loans Are A Unique

An arbitrage bot flash loaned $200 million worth of DAI from MakerDAO, making a $3.24 profit after transaction fees. The bot took advantage of MakerDAO’s ‘DssFlash’ contract, which

Flash loans are a unique feature in cryptocurrency, as they enable borrowing and repayment within a single transaction without collateral. In this case, the arbitrage bot capitalized on

Someone Flash Loaned $200M From MakerDAO to Make $3 Profit

Crypto Bot Executes $200 Million Flash Loan for $3.24 Profit

Crypto trading bot borrows $200M for a $3 gainTradingView

Crypto Bot Generates $3.24 Profit from $200M Flash Loan

Utilizing The Obtained Weth

An arbitrage bot flash loaned $200 million worth of the dai stablecoin (DAI) from MakerDAO on Wednesday, making a $3.24 profit after transaction fees. The bot took

A crypto trading bot programmed to perform arbitrage trades made various complex moves within the Ethereum blockchainincluding taking a $200 million flash loan

Utilizing the obtained WETH, the bot promptly purchased Threshold Network (T) on Curve and sold it on Balancer.

According To The Report

According to the report, the bot strategically exploited MakerDAO’s ‘DssFlash’ contract by borrowing a substantial amount of 200 million DAI. Taking advantage of

MakerDAO Scammed Out of $200M by Flash Loaner Making Only