The leading stablecoin issuer, Tether, has prohibited an address that thieved $25 million from Maximal Extractable Value (MEV) bots. MEV-help exploits large MEV exploits by sandwiching transactions in between The MEV-help hand-off to outsmart the MEV bots attempting to execute a sandwich exchange. Sandwiching happens when one request is put preceding the exchange and another following it. Essentially, the trader will simultaneously front-run and back-run, sandwiching the initial pending transaction in between.It was the largest MEV exploit to date when the rouge validator address swooped in to back-run the MEV’s transaction, resulting in losses of nearly $25 million in various
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