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Ethereum logs $1M MEV block reward amid Curve Finance exploit

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The Curve Finance exploit has led to 'some of the largest MEV reward blocks in Ethereum’s history,' according to Ethereum core developer econoar.

is designed to generate extra revenue by reordering and/or inserting transactions in an otherwise normal block to generate arbitrage opportunities.

MEV bots can also see pending liquidation transactions and front-run them to buy the liquidated assets first at a discount. The validator gets to propose a block using a relay that outsources their block production to entities specialized in extracting this extra revenue. They will get a cut of this revenue in exchange for allowing the MEV bot to front-run the transaction.The highest MEV bot block reward was 584.05 ETH, valued at around $1 million, around 12 hours ago, according to

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econoar “A bot notices an incoming hack in the mempool, reproduces the tx [transaction] and front runs it”, he explained before adding, “To do so they pay the block producer a lot of ETH to be front of the line.”

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