Trader Loses $2M in Same-Block Backrun Extraction Exploit on DEX
A cryptocurrency trader has suffered a devastating $2 million loss after a decentralized exchange routing incident allowed an Ethereum block builder to extract massive value through a same-block arbitrage trade. The trader swapped 1,126.44 ETH worth $2.01 million but received only 5,776 Lighter (LIT) tokens valued at just $14,500, representing a 99.3% loss on the…
