The Ethereum Foundation, the leading organization behind the development of the Ethereum blockchain, has fallen victim to a “Sandwich Attack” that resulted in the loss of around $9,101. The attack was carried out by a Maximal Extractable Value (MEV) bot, which took advantage of the fees market structure on the network. The bot placed two transactions between the Ethereum Foundation’s ETH operation, with the second transaction capturing a short boost in price. This incident highlights the ongoing issue of MEV bots and their impact on the Ethereum network. Despite this setback, the Ethereum Foundation remains one of the largest holders of ETH, with over 316,760 ETH worth $500 million. The organization has faced criticism from the crypto community for its heavy selling pressure on the ETH spot market, which often leads to price drops. The latest attack has further fueled this criticism, with some suggesting that the Foundation sells before major price declines. As a result, the ETH price is currently experiencing short-term effects due to market sentiment surrounding the Foundation’s transactions.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	0
People	Colin Wu
Companies	Uniswap, Ethereum Foundation
Currencies	Ethereum
Securities	None