MEV Bot Intercepts $7.7M Exploit Attempt on ETH Wallet, Kelp Freezes Address
Source Summary
An MEV bot called "Yoink" front-ran an attacker attempting to exploit a custom Safe module and captured $7.7 million in stolen rsETH tokens. Kelp subsequently froze the receiving address to prevent further movement of the funds.
Why it matters
The incident demonstrates how MEV bots can inadvertently protect protocols by front-running attackers, and shows Kelp's ability to freeze assets as a centralized control mechanism.
