BNB Chain Hit by Record Sandwich Attacks in November, Impacting Thousands of Traders

A report 35.5% of BNB Chain’s blocks have been affected by Sandwich assaults in November.

Over the previous week alone, 645 Sandwich Bots have been discovered to be energetic on the chain. In complete, roughly 43,400 DEX merchants have been impacted throughout your entire ordeal.

Sandwich Bots Exploit BNB Chain

In keeping with data compiled by Dune Analytics, the buying and selling quantity on BNB Chain’s DEX reached $9.232 million that week, with Sandwich Bot transactions contributing $1.322 million.

A sandwich assault, which can be known as front-running, is an MEV approach the place an attacker identifies a pending transaction and strategically locations orders earlier than and after it, successfully surrounding the goal transaction. Whereas front-running is likely one of the most typical MEV strategies, different methods like back-running and transaction ordering manipulation additionally happen.

These kind of assaults are particularly prevalent on decentralized finance (DeFi) platforms and decentralized exchanges (DEXs), the place the mempool’s transparency exposes transactions earlier than they’re confirmed.

In distinction, Ethereum has seen a discount in Sandwich assaults since July, with the proportion dropping from 62.9% to 40.2% over the previous 5 months. Through the previous month, over 12,000 DEX customers on the community fell sufferer to those assaults.

Sandwich Assaults on Solana

Solana too has seen a major enhance in these assaults this yr. Because of this, the Solana Basis took decisive motion in opposition to validators concerned in sandwich assaults in June 2024. The inspiration removed a gaggle of validator operators from its delegation program for his or her involvement in these assaults, including that any validators engaged in such conduct could be completely excluded and have their stake eliminated.

Tim Garcia, Solana Validator Relations Lead, reaffirmed that enforcement would proceed as the inspiration detects operators taking part in such malicious actions. Mert Mumtaz, co-founder of Solana RPC supplier Helius, defined that whereas Solana’s design prevents these assaults, some actors modified their validators to allow them. Mumtaz additionally advised that different stake swimming pools may undertake related insurance policies in opposition to sandwich assaults sooner or later.