Binance-linked attackers lost $119M as Ethereum fees spiked
BROBROK News · Based on reporting by DiarioBitcoin ·
A Bitquery analysis says the actors behind the Binance-linked attack lost about $119 million while rushing to move stolen assets. The price dislocation created a short-lived arbitrage window that boosted Ethereum block builders, validators, and trading firms.
Key points
- Bitquery estimates the attackers lost about $119 million.
- Ethereum validators and block builders received nearly $29.5 million in about 4.5 hours.
- Trading firms netted roughly $60 million from the arbitrage.
- Builder tips rose to more than 2,200 times the prior night’s level.
- Some bots ended up in the red after paying more in fees than they earned.
Why it matters
The episode shows how a security incident can distort market prices and shift value to block production participants. It also highlights how MEV dynamics can shape who captures profits during sudden liquidity shocks.
Original headline: “Hackers vinculados a Binance perdieron USD $119 millones y dispararon las ganancias de Ethereum”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.