Meet 0x841: a fresh sandwich bot lurking in the dark forest--currently attacking about 1500 users per day, while going almost unnoticed. What's particularly scary: most of the victims are using private mempools and should be protected.
RELEASING RETH 2.0!
Reth is now faster, smaller, and ready for the future of crypto infrastructure.
Gigagas per second has not just been achieved, it's been blown out of the water.
We've put in a ton of work in this, and we're incredibly proud to be sharing this with everyone.
This is a newest type of niche "MEV" strategy - probably one of the smartest tactics i've seen
It levearges the disconnection between onchain infra <> offchain sidecar like Flashblock.
(It's not even "JIT" cuz it didnt ACTUALLY provide liquidity, neither need to hedge the price / handle risk.)
Technically this can be a bigger & concerning exploit via Flashblocks to sweep all LP rewards - if you deposit infinite amount of "Phantom" liquidity (thats bigger than the pool *active* TVL) in one flashblock and withdraw.
Some type of liquidation contract was just exploited.
Held over ~$1m funds at some point, exploited for only $100k
Happy for someone to investigate more https://t.co/E1hSNebKoE