HACK ALERT: Backdoor found Ethereum arbitrage bot by MEVbots. Six accounts using this service have lost $ETH holdings. Spread the word!
The scam was first pointed out by Crypto Twitter’s @monkwithchaos and later confirmed by blockchain investigator Peckshield.Following the revelation, primary promoter of MEV @chemzyeth disappeared from the internet.Peckshield further confirmed that at least six users had fallen victim to the backdoor attack.However, considering that the contract is still active, at least 13,000 unwary followers of MEVbots on Twitter remain at risk of losing their funds.
“A three-layer scaling architecture that consists of stacking the same scaling scheme on top of itself generally does not work well. Rollups on top of rollups, where the two layers of rollups use the same technology, certainly do not.” One of the use cases for layer-3 protocols, according to Buterin, is “customized functionality” — aimed at privacy-based applications which would utilize zk proofs to submit privacy-preserving transactions to layer 2.
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