SECURITYCOINTELEGRAPH
Trader loses $2M in ‘same-block backrun extraction’ exploit
A crypto trader lost $2 million in a 'same-block backrun extraction' exploit. The loss could have been prevented if the victim had reviewed the transaction route before signing.
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Adjacent reporting
- Rhea Finance post-mortem puts exploit losses at $18.4 million, more than double initial estimates
- Volo Protocol losing $15M after a smart contract exploit is another reminder that “audited” doesn’t mean safe
- Ongoing exploit drains $11.6 million from Verus-Ethereum bridge: Blockaid
- DeFi losses top $600 million in weeks as Kelp DAO exploit drags TVL to one-year low
- Attackers drain $1.4M in wrapped bitcoin from DeFi protocol Ekubo in approval-based exploit