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MEV Bots suffers $ 1,500,000 loss by Contract vulnerabilities

A bot named 0xbadc0de made a windfall when traders tried to sell 1.8 million cUSDC (USDC on the Compound protocol) ($1.85 million in nominal value), but only got $500 of the asset due to low liquidity in return.

However, the MEV bot made a profit of 800 ETH (~$1 million) from the sold carry trade. An hour later, a hacker exploited a bug in 0xbadc0de’s badc code to withdraw all 1,101 ETH (~$1.5 million) in the contract.

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