MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot

An investigation of MEVbots’ contract revealed a backdoor that allows the creators to drain Ether from its users’ wallets. 3297 Total views 46 Total shares MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds