CZ's purchase of TST encounters interception by MEV Bots: Privacy RPC fails, where is fairness in the crypto world?
CZ's trading 'crash': Who is the mastermind behind it?
On February 23, CZ (Zhao Changpeng), the former CEO of Binance, made headlines for his first TST purchase, but the reason was not that he made a fortune, but that he was severely outmaneuvered by MEV Bots. According to crypto analyst @shoucccc, CZ sent the transaction via privacy RPC, planning to buy a minimum of 363,225 TST, but due to blockchain slippage, he ended up with 365,564, a difference of 0.7%. He thought privacy RPC would protect the transaction, but the information was still leaked, resulting in the address 0xB2d57876271eA8684e7c521c1265b87703d9A0DA frontend and then backrun, ultimately causing the transaction to fail. What exactly happened? Is it a case of 'mouse trading' in the crypto world or a technical flaw? Let’s investigate.