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MEV Bot Strikes Again: User Loses $1 Million USDC in Transaction Interception Nightmare

MEV Bot Strikes Again: User Loses $1 Million USDC in Transaction Interception Nightmare

Published:
2025-09-16 19:10:27
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Another day, another seven-figure crypto heist—only this time, it wasn't hackers or scammers. It was an MEV bot executing a perfectly legal, ruthlessly efficient front-run.

How It Went Down

The victim attempted a routine transaction—moving a cool million in USDC. But in the milliseconds between signing and confirmation, an MEV bot sniffed out the juicy fee, jumped the queue, and snatched the funds. No exploit, no smart contract bug—just raw, unregulated market mechanics at work.

Why This Keeps Happening

Maximal Extractable Value isn’t going anywhere. It’s baked into the architecture of blockchains like Ethereum—a feature, not a bug, for those willing to play dirty. Bots scan the mempool, spot profitable transactions, and outbid users for priority. All in broad daylight.

The Aftermath

The user’s $1 million is gone—no recourse, no reversal. Just another reminder that in crypto, even your best-executed trades can turn into someone else’s payday. Stay paranoid out there.

Welcome to decentralized finance—where the only thing more optimized than the code is the art of the steal.

MEV bot stores the funds in a dedicated wallet

The destination MEV bot wallet just saw its biggest transaction for 1 million USDC. The funds are held in the wallet, which received its biggest single transaction so far. 

One user lost $1M USDC to MEV bot after mistaken transaction

The MEV bot stored the funds in a dedicated wallet, which received its biggest transaction to date. | Source: Etherscan

Previously, the bot swept smaller USDT and USDC transfers. At this point, it remains unknown if the MEV bot will be able to return the funds or if its purpose is to save lost tokens. 

On-chain analysts also noted the bot’s actions contained an exploit call to the bridge contract. The MEV bot sent a request to the bridge contract and got an approval to withdraw $1 million. 

its a "exploit", he sent his own address (7702 delegated to contract code), then the contract approved him infinity and he just withdrew it. pic.twitter.com/ffw8BKvg6K

— yannickcrypto.eth (@YannickCrypto) September 16, 2025

The withdrawal, in fact, may still suggest the initial $1 million is stuck in the contract, while the bridge is now at a loss. The MEV bot paid 0.11 ETH for the immediate execution of the transaction. 

On Nansen, the recipient address is now tagged as ‘token billionaire’, a relatively new wallet starting its first transactions in June. Until the recent addition of $1 million USDC, the wallet had a smaller portfolio on multiple chains, including BNB Chain, Base, and Arbitrum.

Can the user regain the funds? 

The wallet used to sweep the USDC seems to be set to claim small sums sent by mistake. There are no signs of ethical MEV usage, which can return some transactions. 

For Ethereum users, block builders have become essential. Over 82% of traffic goes through MEV boost, generating over $1 million in daily fees. 

At this point, the wallet owner may only receive the funds if the MEV bot owner sends them willingly. The best approach is to manually check destination wallets and never send funds directly to a contract address.

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