NEUTRAL 45 CryptoSlate 1H ago · 1 min read 14 reads

Binance hackers lose $119 million as validators pocket $30 million in ETH fees

AI summary

Binance hackers lost roughly $119 million while rushing trades, with about 11,217 ETH flowing to proposing validators and builders keeping around 564 ETH over four and a half hours, per Bitquery estimates. The episode shows how large forced liquidations can hand outsized fees to Ethereum validators. Traders may watch for similar MEV windfalls and for how exchanges respond to stolen-fund laundering attempts.

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