Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.
run the Ethereum network, and there are many of them. In this case, Coinbase was the validator that received the payment, according to Alchemix and Flashbots ., the Alchemix protocol – which saw $22 million of its Curve-based tokens looted by the hacker – said that Coinbase has turned down requests to send back the money it earned as a result of the heist.
Alchemix, which argues Coinbase is keeping stolen money, says Coinbase representatives have told it there’s no legal requirement for it to reimburse anyone. The ubiquity of crypto exploits – and the difficulty of recovering funds after they occur – is frequently cited as a key deterrent for would-be users of the technology.
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