Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Marty Vergel Baes

Ethereum Trading Bot Error Sends $300k to Wrong Wallet

An Ethereum MEV bot glitch accidentally hands a random user a $300K crypto windfall. (Credit: DrawKit Illustrations/Unsplash)

An Ethereum trading bot has turned a routine profit-seeking manoeuvre into a costly blunder, accidentally sending 167 ETH — worth nearly $300,000 (£223,000) — to a random wallet and then requesting its return via an on-chain message.

The incident, reported on 5 June 2026, has become a sharp reminder that fast-moving automated trading can go wrong in a single moment. Security tracker PeckShieldAlert flagged the strange on-chain transfer, while later reports confirmed its size at about 167 ETH, or roughly $276,000 (£205,000) to $300,000 (£223,000) depending on the price at the time. The bot operator then posted an on-chain message admitting the mistake and asking the recipient to return most of the funds, reportedly offering a bounty in exchange.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.