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# Karmic Sandwich for Ethereum Foundation
- URL: https://www.metatalks.ai/karmic-sandwich-for-ethereum-foundation/
- Published: 2023-10-11T08:30:08.000Z
- Updated: 2023-10-11T08:30:08.000Z
- Author: Katelyn Chow
- Tags: ethereum, ethereumfoundation, attacks, sandwich, bear, bearmarket, ETH, crypto

The [Ethereum Foundation](https://twitter.com/ethereum?ref=metatalks.ai), the group responsible for Ethereum’s development, [fell victim](https://bitcoinist.com/ethereum-attack-selling-1700-eth-cost-them-this/?ref=metatalks.ai) to a “sandwich attack,” transferring 1,700 Ethereum, worth $2.76 million, to a decentralized exchange [for sale](https://twitter.com/lookonchain/status/1711304611003519099?ref=metatalks.ai). While the amount is magnitudes smaller than previous transfers, historically, such Ethereum Foundation moves [have typically been bearish](https://decrypt.co/200680/the-ethereum-foundation-just-sold-2-76-million-in-eth?ref=metatalks.ai).

![](https://lh6.googleusercontent.com/zWdnRUwf5ykCNGVVL0B80v0X_kBTm4gyxMExDGDSPAeYxhGJwxi4R-d5PiyrIlxWCl5WXqdfRiZK-1SAO3qE9sgiXoFswMn3pNE1TTDhGGK_rTlH--iIeVx-To3kNUbcm_6tmsFa3sDW1QS5tWeq8cK33lcEuRa3)

The transaction of the Ethereum Foundation was intercepted by a Maximal Extractable Value (MEV) bot designed to maximize profits from transaction fees. In what’s known as a [sandwich attack](https://coinmarketcap.com/academy/article/what-are-sandwich-attacks-in-defi-and-how-can-you-avoid-them?ref=metatalks.ai), these bots front-run other network users by placing two transactions — one right before and one right after — the target transaction, which gets sandwiched between them. In that way, the bot inflated the cost that the Ethereum Foundation had to pay for its transaction.

The fact of a sandwich attack on the Ethereum Foundation has elicited mixed reactions within the crypto community, with some viewing it as a form of payback for the heavy downward pressure the Foundation has [previously exerted](https://bitcoinist.com/ethereum-attack-selling-1700-eth-cost-them-this/?ref=metatalks.ai) on Ethereum’s market value. Although the scale of this ‘payback’ doesn’t compare in any way to the magnitude of that supposed downward pressure:

![](https://lh5.googleusercontent.com/arysJV66QxcVBDt76GEGNtIe_SJ_y6WkEy1VO4ie7rKjinsXiH4C190eNEhdT8ImeSL_5bKn0YvXWxYRnBR47zqeX_gbTNTa2YM8CQhJuX7oLUBxoeel-tGrPHIbklgLcddabPoidaw0ubS9jRb5AgoMsoQGoSO2)

Nonetheless, whenever the Ethereum Foundation has offloaded large amounts of ETH, it has [typically been followed](https://decrypt.co/200680/the-ethereum-foundation-just-sold-2-76-million-in-eth?ref=metatalks.ai) by a significant market downturn — partly due to the increased selling pressure on ETH price, which often led to local tops and a persistent downtrend.

![](https://lh4.googleusercontent.com/JNlm8HDgWIsVItKDaQxYZoJKZ79VkMc6GuasiFIqyQbYd22zGyh74Vfkw-ifW4J48rTCs3XXYWf-TGAFNtj414EoPzcY6Qs-fMi08jiPmS5DL9i6YzTMTc2jfWMolqmNxTzkI52TIsMWJUC10qkIzooQk-s0mRmK)