Crypto Stories

Crypto Bot Earned 800 ETH Worth $1 Million

Published

9 months ago

December 1, 2022

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Every day there is a new surprising event in the cryptocurrency world.

A cryptocurrency bot that recently capitalized on an arbitrage opportunity and made $1 million in profits was targeted by hackers within the same hour and lost all its earnings.

Robert Miller of research firm Flashbots explained how the bot made 800 Ethereum, or about $1 million, through arbitrage.

According to Miller, the arbitrage bot spotted and took advantage of an arbitrage opportunity on Uniswap for just $500 for $1.8 million.

However, after this transaction, the hacker, who detected a vulnerability in the arbitrage bot’s code, exploited this vulnerability and seized 1,101 ETH worth $1.4 million from the arbitrage bot.

Crypto Stories

From 26 billion dollars to 100 thousand dollars

Published

8 months ago

December 9, 2022

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Sam Bankman-Fried, whose cryptocurrency empire collapsed, announced that he had only 100 thousand dollars left in his bank account.

Weeks ago, Sam Bankman-Fried, dubbed the new Warren Buffett in the mainstream media, saw his personal fortune soar to $26 billion.

After Alameda Reserach’s balance sheet was leaked in early November, SBF’s fortune fell from $15.6 billion to less than $1 billion in one day.

In an interview with Axios, Sam Bankman-Fried said he had no idea what was going on.

What do you think about this issue?

Crypto Stories

Someone tell Apple to leave Ethereum alone!

Published

8 months ago

December 9, 2022

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Apple, which confronted Fortnite and Elon Musk over its 30% commission on each purchase in the Apple Store, has now set its sights on decentralized structures.

According to Coinbase, Apple has moved to take a 30% commission on the gas fee paid for NFT transactions.

For this very reason, Apple has disabled the latest update of the Coinbase Wallet app.

And what about you,

How would you explain to Apple that because of the way NFTs and blockchains work, they can’t get commission on gas fees?

Crypto Stories

What if everyone knew how much money was in your bank account?

Published

8 months ago

December 9, 2022

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At Art Basel in Miami Beach, a Brooklyn art collective unveiled an ATM that allows people to share their bank account balances with everyone.

Developed by MSCHF, a company known for its viral products, the ATM lists the bank account balances of those who use it, in descending order from largest to smallest.

Diplo, an American DJ and music producer, posted a video on Twitter on Friday showing him in first place with $3 million.