The post Crypto Bot’s $200M Flash Loan For $3 Profit Raises Eyebrows appeared first on Coinpedia Fintech News
A crypto trading bot designed to execute arbitrage trades made a series of complex transactions on the Ethereum blockchain, including a $200 million flash loan, all to secure a mere $3.24 profit. On June 14, Arkham Intelligence, a blockchain analysis organization, released a report detailing the bot’s actions. The organization highlighted that the transaction was conducted by an arbitrage bot utilizing flash loans.
