Massive May BNB trading exploit via sandwich attack affected numerous traders. Char count: 64

According to data compiled by Dune Analytics, the volume of trades on BNB’s DEX network reached 99.232 million for the week, while sandwich bot transactions totaled 11.322 million.

sandwich attack, also known as forward flight, is an MEV technology that allows attackers to identify upcoming transactions, strategically place orders before and after them, and effectively surround the targeted transaction. Pre-launch is one of the most common MEV techniques, but there are other strategies such as backtracking and transaction order manipulation. 1 These types of attacks are particularly prevalent on decentralized funding (DeFi) and #decentralized exchange (DEX) platforms, which identify transactions before mempool transparency is confirmed. #Ethereum , on the other hand, has seen a decrease in the number of attacks on the sandwich platform since May 7. Over the past 5 months, the rate has dropped from 62.9% to 40.2%. In the last 1 month, over 12,000 DEX users have fallen victim to these attacks. #Solana also noted that the number of such attacks has increased significantly this year. As a result, in 2024/6, the Solana Foundation took decisive action against the validators involved in the sandwich attack. The Foundation has excluded a group of validator operators from the delegation program because of their involvement in these attacks and added that validators involved in such actions will be permanently excluded from the program and forfeit their share. Read us at: Compass Investments #CryptoUpdates #CryptoAdoption