CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2024-12-03 06:49:40

Sandwich attacks manipulated 35.5% of BNB Smart Chain blocks in November

Data shows that the number of blocks suffering Sandwich attacks in the BNB Smart Chain reached a new record last month. According to data provided by Dune, 35.5% of the blocks in BSC were manipulated by Sandwich attacks, abusing the blockchain’s transparency, immutability and decentralization. This set a new record high for the BSC network. Source: Dune In Sandwich attacks, the malicious actor would put one order before and another right after a large transaction — sandwiching the on-chain transaction — to potentially purchase an asset at a lower price and sell before the victim makes a move. The main intention of Sandwich attacks is to manipulate the price of a crypto asset on decentralized exchanges . You might also like: Cardano price could suffer a harsh reversal, crypto analyst warns This will leave the victim with a higher purchase price due to the low liquidity on DEXs. Consequently, the prey’s transaction would be worth less. Data from the analytics platform shows that over 43,000 DEX traders have been affected by Sandwich attacks over the past week, marking a nine-month high. Moreover, 645 active bots executing these manipulative attacks have been spotted on the BSC network within the same timeframe. Last week, the total DEX volume on BSC reached $9.2 million. The rise of the Sandwich attacks in the BSC ecosystem comes as the network’s native token, BNB ( BNB ), recorded a 17% surge over the past month. BNB is changing hands at $656 with a market cap of $94.5 billion at the time of writing. On the other hand, Sandwich attacks on Ethereum ( ETH ) have been declining since July — falling from 62.9% to 40.2% over the last five months. Just over 12,000 DEX users on the network suffered from Sandwich attacks over the past month. Read more: XRP price surges 15% in 24H as network growth drives rally, but will it last?

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine