MIT Brothers Charged With Exploiting Ethereum to Steal $25 Million
The two MIT graduates discovered a flaw in a common trading tool for the Ethereum blockchain. Does it presage problems ahead for cryptocurrency?
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The two MIT graduates discovered a flaw in a common trading tool for the Ethereum blockchain. Does it presage problems ahead for cryptocurrency?
Last month, Blockworks announced a $12 million fundraise, putting its valuation at $135 million. Coverage of the event said the brand would use new funds to expand globally and build a research and data offering.
The crypto-focused investment firm has now backed three projects centered around maximal extractable value (MEV), a way for validators to earn extra money from traders.
Builders behind the new utility say it will help Ethereum users avoid the scourge of MEV and earn a profit, too.