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How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M

First came "The Bait." In an indictment, U.S. prosecutors detailed the incredibly complicated Ethereum exploit – in which attackers targeted the controversial area of "maximal extractable value," known as MEV.

The exploit on Ethereum allegedly worked by tricking ultra-fast crypto trading bots. (Shutterstock, modified by CoinDesk)
The exploit on Ethereum allegedly worked by tricking ultra-fast crypto trading bots. (Shutterstock, modified by CoinDesk)