June 22, 2026

Yesterday, a very satisfying event happened on the blockchain: a team that specializes in on-chain sandwich attacks had their wallet hacked and stolen over 7 million worth of tokens. The hacker used a fake pool, pretending to be a "prey," but in reality, they were the "high-end hunter."
Originally, hackers are not a good synonym; they are usually deeply hated by retail investors. However, everyone cheered when they heard this news because this MEV bot was standing against retail investors. Every bit of profit it accumulated was "squeezed" out of normal retail transactions.
Although the hacker attacked it and the money wouldn't return to retail investors, the feeling was simply: satisfying.
Currently, there are a few major pests in the crypto world. The number one culprit still goes to North Korean hackers. Of course, all hackers are considered the top pests, even though they rarely directly attack retail wallets. But because retail investors store funds on platforms and smart contracts, they often suffer indirect losses.
The second major pest should be those unscrupulous project teams, which often package their projects in a dazzling manner. After listing on exchanges, they start dumping and harvesting profits, with nearly 90% of retail investor losses coming from this.
Next are the trading teams, which are often colluding with unscrupulous project teams. In fact, these MEV sandwich attacks are only minor harms, but encountering such incidents is still very satisfying for retail investors. Just imagine if those unscrupulous project hackers cause trouble someday, how happy retail investors would be.
Speaking of the Strait of Hormuz, I initially thought...