Skip to content
PANews · 中文文章·· 3d agoSelected

Titan Builder earns $2.28 million in a day amid Binance hack fallout by prioritizing Ethereum transaction ordering

Original source: PANews · 中文文章Read original
AI brief

Following the Binance hack, Titan Builder, a 16-person London-based infrastructure firm, earned $2.28 million in a single day by prioritizing Ethereum transactions. As hackers needed to convert frozen USDT and USDC into unstaked assets, they paid premiums to expedite transactions. Data from Bitquery shows builders received $29.5 million in tips, a 2,000-fold increase from the prior night, while transaction failures surged. Titan Builder, which controls block building and connects to over 90% of validators, captured the majority of these fees, reflecting its dominant position in Ethereum's block-building market.

Why it matters

This event highlights how infrastructure providers like Titan Builder profit from market volatility and user urgency during security incidents, revealing the concentrated power and revenue mechanics within Ethereum's block-building ecosystem.

Source: PANews · 中文文章 · panewslab.com