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MEV Bot Exploits $7.8 Million Vulnerability on Ethereum
An MEV (Miner Extractable Value) bot named Yoink executed a front-running transaction that exploited a vulnerability in a Safe wallet on the Ethereum blockchain, resulting in a loss of approximately $7.81 million in rsETH. The incident occurred on Tuesday and was detailed by blockchain security firm PeckShield.
Onchain records indicate that the Yoink transaction involved the receipt of 2,900 rsETH, with 2,882.37 rsETH subsequently sent to a specific address. Additionally, 17.63 rsETH was directed to Uniswap's v4 Pool Manager, which in turn transferred 18.95 ETH back to the Yoink contract. This contract then forwarded 18.93 ETH to the block builder, highlighting the complex interactions involved in the exploit.
The exploit was attributed to a flawed authorization check within an executor contract linked to an enabled Safe module. BlockSec reported that the attacker utilized a public keeper multicall to manipulate a custom Uniswap v4 liquidity module, leading to the unwrapping of aEthrsETH into rsETH. The targeted Safe belonged to an unidentified user and was compromised through a custom module, leaving behind a liquidity-position NFT.
Source: KLEA News