In the last 24 hours, the cryptocurrency market has experienced some significant incidents that have affected various coins. From MEV boosts to exploits and currency drops, here’s a breakdown of what happened.

MEV Boost at Lido Finance Validator

One of the notable incidents was the reward of 23.77 ETH (approximately $40k) to the Lido Finance validator by MEV bot through the Builder 0x69 at block 17480445. The MEV bot aimed to liquidate a Compound borrow position with a 17.73 ETH bribe. This highlights the vulnerability of the crypto market to malicious attacks and raises concerns about the safety of investors’ assets.

CFC Exploited for $6.1k USDT

PeckShield, a blockchain security company, reported that CFC was exploited for 6.1k USDT, leading to a 100% drop in its value. The hacker’s address involved in this exploit is 0x106016cdc3878c7ff2b386303000db0001d838eb. Although the value of this cryptocurrency may not be significant compared to other coins, it highlights the need to implement robust security measures to prevent similar attacks from happening in the future.

DEPUSDT and LEVUSDC Exploited for 105.8k Worth of Stablecoins

PeckShield also highlighted that DEPUSDT and LEVUSDC were exploited for a total of 105.8k worth of stablecoins (36k USDC and 69.96k USDT) through two separate transactions. The exchanges involved in the transactions were etherscan.io and bscscan.com. The attacker had initially funded 1 ETH from Tornado Cash. This further emphasizes the need for investors to be cautious when investing in the cryptocurrency market.

In summary, the crypto market has experienced some malicious activities in the last 24 hours, including MEV boosts, exploits, and currency drops. These incidents highlight the need to implement robust security measures to protect investors’ assets. It’s essential to be informed and cautious when investing in cryptocurrencies and to choose reputable exchanges and wallets that prioritize the security of their users.