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THE DARK SIDE OF DEX: HOW YOU'RE GETTING RIPPED OFF ON DECENTRALIZED EXCHANGES BY MEV BOTS 🤖 blockchain trap
Think you’ve escaped the centralized exchange by moving to PancakeSwap or Uniswap and are now safe? Ha! In the blockchain mempool, MEV bots are already lurking to pounce on you.
• Sandwich attack: the bot spots your transaction to buy $BR tokens, pays a higher fee to miners to get its order filled BEFORE yours, artificially jacking up the price.
• You end up buying at a higher price, and the bot immediately flips its tokens RIGHT AFTER you. The result — you instantly lose between 1% to 5% out of thin air due to hidden slippage.
👇 Open the widget of any DeFi coin. Heard about sandwich bot attacks before?
#DeFi #DEX #MEVBot #CryptoFREEMEN
Think you’ve escaped the centralized exchange by moving to PancakeSwap or Uniswap and are now safe? Ha! In the blockchain mempool, MEV bots are already lurking to pounce on you.
• Sandwich attack: the bot spots your transaction to buy $BR tokens, pays a higher fee to miners to get its order filled BEFORE yours, artificially jacking up the price.
• You end up buying at a higher price, and the bot immediately flips its tokens RIGHT AFTER you. The result — you instantly lose between 1% to 5% out of thin air due to hidden slippage.
👇 Open the widget of any DeFi coin. Heard about sandwich bot attacks before?
#DeFi #DEX #MEVBot #CryptoFREEMEN
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