MEV Sandwich Bot ‘arsc’ Profits $30 Million from Solana Users in Two Months
The notorious maximal extractible value (MEV) sandwich bot named “arsc” has managed to accumulate approximately $30 million by exploiting Solana users through MEV attacks in a span of just two months.
MEV sandwich attacks occur when an attacker skillfully positions their own transactions around a victim’s transaction, manipulating prices and capitalizing on the situation.
They profit by purchasing the victim’s tokens at a price lower than the market value and swiftly selling them within the same block.
On June 15, Ben Coverston, the founder of cryptocurrency firm MRGN Research, shed light on the actions of this specific sandwich bot, “arsc,” which has been surreptitiously amassing profits from unsuspecting Solana network users.
Coverston noted that the bot, primarily operating from a wallet address labeled “9973h…zyWp6,” seems to be employing a cold storage strategy to safeguard its funds.
“It is quite inactive and, judging by its behavior, is almost certainly a locked-down, cold wallet,” Coverston stated.
It seems they don't enjoy the attention, as they've recently gone to great lengths to hide their activities and profits.
BCbrp is now their main "SOL bank" for sandwiches, and they use dozens of signers/tippers.
Stay safe out there, folks.
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