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Flash Loaner Defrauded Makerdao Of $200M With Only $3 In Profit

According to arkham intelligence, users can borrow any amount of DAI without paying fees as per the contract. Following the loan, the bot provided

Crypto trading bot borrows $200M for a $3 gain

The bot made 0.019 ETH, worth approximately $33, but after deducting transaction fees of $28.76 and a $1 payment to the block builder, it was left with a profit of $3.24.

Trader Makes Just $3 in Profit From $200 Million Flash Loan

Trading Bot Uses $200M Flash Loan To Conduct Deals, Ends Up With Paltry $3 Profit

An automated trading bot recently performed a complex series of transactions on the Ethereum (CRYPTO: ETH) blockchain.

Threshold Network Goes Live With Wormhole to Bridge Bitcoin to 20 Blockchains

Using bitcoin on other networks previously required users to rely on centralized bridges, which increased risks for token holders.