BNB Chain Hits Record-High Sandwich Attacks Exposing $1.5 billion in Trades

Quick Summary:

The rise comes amid growing concerns about DEX vulnerabilities, with one bot reportedly stealing $40 million in just three months.

When a user submits a transaction, it enters the mempool, or "memory pool," and remains there until a miner selects it for inclusion in a block.

Sandwich attacks are a type of market manipulation where an attacker sandwiches a victim's transaction between two of their own.

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Article Details

Author / Journalist: Adrian Zmudzinski

Category: Crypto

Markets: EstoniaMali

Topics: BNB Chain Exploits DEX Decentralized exchanges Markets MEV DeFi Binance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 00:01:17 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 573 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 24105855

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 13 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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