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Ethereum’s top sandwich bot hit for $7.5M in a counter-MEV trap
More than $7.5 million has been wiped from Jaredfromsubway.eth’s holdings after the notorious Ethereum sandwich bot fell victim to an attacker’s scheme. Attackers baited the automated bot with a fake trade setup. Early analysis suggests the drain may have occurred through a sophisticated counter-MEV strategy designed to exploit the bot’s own automated trading logic. Blockchain...Cryptopolitan
Sun, Jun 21
Galaxy CEO says Fed rate cuts could revive Bitcoin and silence critics
Galaxy Digital CEO Mike Novogratz thinks Bitcoin’s recent struggles may not last much longer. Speaking on a podcast with Anthony Scaramucci, Novogratz said a change in U.S. monetary policy could revive the world’s largest cryptocurrency. Bitcoin has been depressed in recent months, with weak prices, low retail interest, and increasing pessimism about its price, he...Cryptopolitan
Sat, Jun 20
Namada exploit drains $600,000 as Cosmos ecosystem absorbs another hack
Privacy blockchain Namada has lost roughly $600,000 in an exploit, wiping nearly all value from its multi-asset shielded pool and adding to a string of security failures across the Cosmos ecosystem this year. Namada confirmed the breach on June 20, in a post made on X, stating that its team was “investigating the issue” and...Cryptopolitan
Sat, Jun 20
America wants to win the AI race but its own contradictions keep getting in the way
The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML. Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break...Cryptopolitan
Sat, Jun 20
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