The post KOGE Token Faces $5.18 Million MEV Attack Amid Binance Alpha Wash Trading Scandal appeared on BitcoinEthereumNews.com.

COINOTAG News reports that on June 8th, an on-chain analyst identified suspicious trading activity on the Binance Alpha platform involving the KOGE/USDT pair. The user executed a series of wash trades, each valued at approximately $47,000. Notably, the address 0x927…51721 engaged in a MEV (Miner Extractable Value) attack, spending 47,000 USDT to acquire a negligible 0.009 KOGE tokens. This transaction implied an exorbitant price of over $5 million per KOGE, highlighting the risks associated with disabling MEV protection. Market participants are advised to maintain MEV safeguards to mitigate potential exploitations and preserve trading integrity within decentralized finance ecosystems. ‘, ‘ 🔒 Secure and Fast TransactionsDiversify your investments with a wide range of coins. Join now! ‘, ‘ 💎 The Easiest Way to Invest in CryptoDont wait to get started. Click now and discover the advantages! ‘ ]; var adplace = document.getElementById(“ads-binance”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex; adplace.innerHTML = adscodesBinance[adsindex]; sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBinance”, sessperindex); } })(); Source: https://en.coinotag.com/breakingnews/koge-token-faces-5-18-million-mev-attack-amid-binance-alpha-wash-trading-scandal/

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Filed under: News - @ June 8, 2025 4:02 am