A Sandwich, $215,000 and an MEV Bot
Imagine walking into your favorite burger joint, ready to enjoy a nice, juicy stablecoin swap. Just as you're about to take a bite, a sneaky bot jumps ahead of you, grabs your burger, takes a huge bite, and hands you back a half-eaten mess. Welcome to the world of MEV bots—where your trades are the main course.Wait, What’s MEV?Before we dive into how our unfortunate trader lost $215,000, let’s understand the villain of this story: MEV (Maximal Extractable Value). Think of the blockchain as a ...