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MEV Attacks: Because What Could Possibly Go Wrong When You Let Bots Run Amok on the Blockchain and Hand Out Participation Trophies to Everyone Except Human Beings

An illustration of a chaotic market scene: bots are depicted as giant spiders crawling across screens displaying cryptocurrency prices, while humans are shown running away in fear; at center stage, a large clock is ticking down amidst scattered coins and broken glass; three smaller clocks on the periphery show different times, symbolizing the protocol's pre-processing, auction, and execution stages

The never-ending saga of cryptocurrency’s greatest hits: MEV attacks! Because what could possibly go wrong when you give a bunch of bots free reign to manipulate transactions on the blockchain? It’s like handing out participation trophies in a game where only one person can win, and that person is going to be some faceless algorithm with an insatiable appetite for profit.

Source: cointelegraph

Decentralized exchange aggregator ParaSwap is launching an intent-based trading protocol designed to mitigate an issue costing millions of dollars on crypto transactions daily — MEV attacks.  The acronym MEV refers to the maximal extractable value, in which validators use their ability to control the order, inclusion, and execution of onchain transactions to profit from users. According to data from data platform EigenPhi, popular attacks such as sandwich transactions had profited […]

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