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Arbitrage bot took a $200 million flash loan for a $3.24 profit

Photo by Bermix Studio / Unsplash

An unknown arbitrage bot took a $200 million flash loan on the MakerDAO platform for a $3.24 profit per trade, subject to a $30 commission charge.

According to Arkham Intelligence, the bot took advantage of the "DssFlash" contract, which allows users to borrow any amount of DAI.

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Hyundai has released a "copy" of the Tesla - Reuters

Hyundai has released a "copy" of the Tesla - Reuters

Hyundai Motor Co. on Thursday unveiled its first electric sedan, the Ioniq 6. The South Korean automaker expects the electric car to help it capture a larger share of the EV market, including poaching Tesla customers.

Bank of America has no plans to offer crypto services

Bank of America has no plans to offer crypto services

BofA CEO Moynihan said that the company will not offer services related to cryptocurrency in the near future. However, he acknowledged the importance of digital payments in today's economy. According to Moynihan, the main obstacle to the crypto industry is regulatory problems. The SEC is suspicious of companies offering cryptocurrency

What will be next?

What will be next?

Bitcoin for the second day in a row does not observe the correlation with the Nasdaq index, and even act as a leading indicator for the subsequent stock price movement. Or they just decided to shave $232 million off the bears 😇 Overall, the crypto market remains in a state of