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BNB Chain has reported a significant rise in sandwich attacks, with over 35% of its Smart Chain blocks affected on December 1, 2024. This exploit has impacted approximately $1.5 billion in trading volume across 43,400 transactions. The increase in sandwich attacks comes despite a 17% rise in the value of BNB, the chain's native token, over the past month. In contrast, Ethereum has seen a decrease in sandwich attack rates, dropping from 62.9% in July to 40.2% over the last five months. Reports indicate that a single bot has siphoned off $40 million in just three months, highlighting the risks associated with decentralized exchange trading.
SANDWICH ATTACKS LOOTING $1.5B FROM DEX TRADES BNB just hit record numbers with sandwich attacks: over $1.5B in one day—exploiting 35% of their blocks. Bots are getting dirty with MEV—driving up token prices, then cashing out after users' trades. With low liquidity making it… https://t.co/Sb4PVav6S2
BNB SMART CHAIN SEES RECORD SANDWICH ATTACKS, $1.5B IN TRADES AFFECTED Over 35% of BNB Smart Chain blocks contained sandwich attacks on December 1, impacting $1.5B across 43,400 transactions. This exploit, leveraging the mempool's transparency, allows attackers to manipulate… https://t.co/W689ogVkPV
BNB SMART CHAIN BREAKS RECORDS WITH A SIDE OF SANDWICH ATTACKS BNB Smart Chain saw sandwich attacks in 35.5% of its blocks, affecting $1.5 billion in trades in a single day. A single bot has reportedly siphoned $40M in three months, showing how risky DEX trading can get.… https://t.co/Fx7uSf000V