MEV Sandwich Bot "arsc" Profits $30 Million from Solana Users

• MEV sandwich bot "arsc" exploits Solana users, making $30 million in 2 months.
• Attacks involve manipulating prices by sandwiching victim transactions for profit.
• Bot's wallet "9973h...zyWp6" holds $19 million, mainly in SOL and USDC.
• Active wallet "Ai4zq...VXKKT" converts SOL to USDC, holds $9.9 million.
• Third wallet "BCbrp...vi58q" is arsc's main bank for sandwich attacks.
• MEV sandwich bots exploit opportunities on Solana and Ethereum for profit.

Summary :
The MEV sandwich bot known as "arsc" has made approximately $30 million from Solana users in the past two months through MEV attacks. This type of attack involves manipulating the price of a victim's transaction by placing it between the attacker's own transactions, allowing them to profit by buying the victim's token at a cheaper price and selling it in the same block. The bot has been operating discreetly, with one of its wallet addresses holding over $19 million in funds, primarily in Solana tokens. Another wallet address is more active in decentralized finance activities and holds over $9.9 million in non-Solana tokens. The operator behind the bot seems to be trying to avoid attention and has gone to great lengths to hide their activities and profits. MEV sandwich attacks are common among maximal extractible value bots on Ethereum as well.

Sources :

- CoinTelegraph