DOOKV Solana sandwich bot makes $30M from MEV arbitrage in 2 months

The infamous maximal extractible value (MEV) sandwich bot known as “arsc” has pocketed around $30 million from Solana users in the last two months through MEV attacks.

An MEV sandwich attack occurs when an attacker “sandwiches” a victim’s transaction between their own two transactions in order to from the user. They profit by buying the victim’s token at a price cheaper than market value and then sell it in the same block.

Ben Coverston, founder of cryptocurrency firm MRGN Research,  in a June 15 post on X that this particular sandwich bot, known as “arsc,” has “gone to great lengths” to avoid attention while raking in profits from Solana network users.

One of the bot’s largest wallet addresses is “9973h…zyWp6,” which Coverston believes is primarily being used for cold storage.

“It is quite inactive and, judging by its behavior, is almost certainly a locked-down, cold wallet,” Coverston said.