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Hack history / 2022 / Hack or exploit

MEV Bots

Hack or exploit on Sep 27, 2022 · Contract Vulnerability

ATTACK TX CONFIRMED ON CHAINSOURCES AGREE ON DATE AND LOSS · 4 SOURCES
Lost
$1.5M
dollars at the time
Returned
none listed
as the sources state it
Rank
#807
among thefts by dollars lost

What happened

A bot named 0xbadc0de made a windfall when traders tried to sell 1.8 million cUSDC (USDC on the Compound protocol) ($1.85 million in nominal value), but only got $500 of the asset due to low liquidity in return. However, the MEV bot made a profit of 800 ETH (~$1 million) from the sold carry trade. An hour later, a hacker exploited a bug in 0xbadc0de's badc code to withdraw all 1,101 ETH (~$1.5 million) in the contract.

Details

Date
Sep 27, 2022
Kind
Hack or exploit
Method
Contract Vulnerability
How in
Smart contract bug
Target
not stated
Chains
Ethereum

Reported by

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Cite this pageSwanBluechip, "MEV Bots hack, Sep 27, 2022: $1.5M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/htbbc691004b/ (data as of 2026-10-31).
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