An Ethereum arbitrage trading bot managed to hit the jackpot and lose it all on the same day in an ironic turn of events in decentralized finance (DeFi).
In a Twitter (NYSE:TWTR) thread, Robert Miller, who works at the research firm Flashbots, shared how a Maximal Extractable Value (MEV) bot with the prefix 0xbadc0de was able to earn 800 Ether (ETH), around $1 million, through arbitrage trades.
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![MEV bot earns $1M but loses everything to a hacker an hour later](https://d1-invdn-com.investing.com/content/picb4453930e7fd5bb19b9bd13d918681c2.jpg)