Ethereum MEV bot exploited, $15 million in assets stolen

CryptoNews.com, June 21 — Thai authorities uncovered 14 illegal Bitcoin mining operations, estimating losses at about 40.38 million THB. In Ethereum, an MEV bot was compromised in an attack that drained $15 million. Security firms Blockaid and PeckShield reported that the MEV bot known as jaredfromsubway lost roughly $7.5 million in crypto assets. Tokens associated with an Ethereum address slid 70%, raising concerns over alphausdc delta v2. PeckShield pointed to address 0x890a5122aa1da30fec4286de7904ff808f0bd74a as the source of the 70% move. Elsewhere, market sentiment was also hit by the Celsius ban and departures of Ethereum executives. On Solana, the SIMDs proposal is expected to progress this year, with plans to lift the inflation reduction rate to 30%. In Europe, the European Commission opened a consultation on MICA 2.0, with a focus on regulating stablecoins and DeFi. In Italy, the prime minister pushed back on Trump's criticism, saying attention should be directed to his own approval ratings.