Malfunctioning bot costs Poo Finance token hunters $440,000
May 27, 2023
https://web3isgoinggreat.com/?id=malfunctioning-bot-costs-poo-finance-token-hunters-440000
Malfunctioning bot costs Poo Finance token hunters $440,000
Some traders hoping to snipe new tokens launched by Poo Finance (yes, really) decided to try to use a MEV bot to snag priority ordering compared to other pending blockchain transactions. They spent a combined 240 ETH (~$440,000) to be spent on the tokens and on bribes paid to the bot. However, the bot sent the tokens to the wrong Uniswap pool, ultimately obtaining only 4 ETH (~$7,300) of Poo Finance tokens.
