Excellent collection of analysis linked below, including from a colleague, on the recent DOJ indictment related to exploit of an open source Ethereum protocol (MEV-Boost) to manipulate the market for other participants (MEV bot traders). $25 million siphoned in seconds!

Blockchain lawyer in NYC | NFT enthusiast | Advocate for regulatory clarity in crypto | Nothing here legal advice (email me) | donirwin.xyz

I think this will be—and is already viewed as—an important case for a few different reasons. Among them is how MEV protocols are viewed under law due to their proximity to Ethereum’s consensus mechanism. I’m curious others’ thoughts on this aspect. Is this case problematic—or legitimizing?

https://wp.nyu.edu/compliance_enforcement/2024/05/22/crypto-experts-react-to-recent-sdny-ethereum-fraud-indictment/