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RED ALERT! 4 Crypto Scams You Must Avoid TODAY
Your security is the priority! Scammers are using these tactics to steal your crypto:
1. š¬ Fake Technical Support
Tactic: Urgent messages (Telegram/Email) about an "error in your Binance account" asking for your keys or 2FA.
YOUR DEFENSE: Binance NEVER asks for your private keys! Ignore external messages. Contact only through the official site.
2. š "Airdrop" or Gift Scam
Tactic: A viral link or post promises you gifts or to double your crypto if you "connect your wallet."
1. š¬ Fake Technical Support
Tactic: Urgent messages (Telegram/Email) about an "error in your Binance account" asking for your keys or 2FA.
YOUR DEFENSE: Binance NEVER asks for your private keys! Ignore external messages. Contact only through the official site.
2. š "Airdrop" or Gift Scam
Tactic: A viral link or post promises you gifts or to double your crypto if you "connect your wallet."
The Hunt Is On: $XRP CEO Declares War!
Brad Garlinghouse just dropped a bomb. $XRP is leading an ALL-OUT war on crypto scammers. Their new "Scamberry Pie" initiative is a holiday campaign to obliterate fraud. This isn't just awareness; it's a full-scale assault. Backed by Coinbase and Cash App, they're taking down thousands of malicious websites. They're educating the masses on fake giveaways, impersonations, and suspicious links. AI-powered scams are rising, but $XRP is fighting back harder. The silence is broken. Get ready. Protect your bags.
Not financial advice. Do your own research.
#CryptoNews #XRP #AntiScam #Web3Security #MarketUpdate š„
Brad Garlinghouse just dropped a bomb. $XRP is leading an ALL-OUT war on crypto scammers. Their new "Scamberry Pie" initiative is a holiday campaign to obliterate fraud. This isn't just awareness; it's a full-scale assault. Backed by Coinbase and Cash App, they're taking down thousands of malicious websites. They're educating the masses on fake giveaways, impersonations, and suspicious links. AI-powered scams are rising, but $XRP is fighting back harder. The silence is broken. Get ready. Protect your bags.
Not financial advice. Do your own research.
#CryptoNews #XRP #AntiScam #Web3Security #MarketUpdate š„
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š P2P Anti-Scam 2025: "Payment After Order Cancellation"
Scammers on P2P sometimes make you pay after an order is canceled. Hereās how to protect yourself:
ā ļø How it works:
The order is automatically canceled due to a timer.
The seller offers a "manual transfer" of crypto through Binance Pay.
You send the money ā the crypto does not arrive.
ā Safety Rules:
Never pay for canceled orders.
Do not agree to deals outside the platform.
š” Simple rule: in P2P always only through Binance escrow!
#Binance #P2P #Crypto #Security #AntiScam
Scammers on P2P sometimes make you pay after an order is canceled. Hereās how to protect yourself:
ā ļø How it works:
The order is automatically canceled due to a timer.
The seller offers a "manual transfer" of crypto through Binance Pay.
You send the money ā the crypto does not arrive.
ā Safety Rules:
Never pay for canceled orders.
Do not agree to deals outside the platform.
š” Simple rule: in P2P always only through Binance escrow!
#Binance #P2P #Crypto #Security #AntiScam
The 2025 Crypto Deepfake Threat: Your $BTC Is Already Targeted.
The 2025 crypto landscape is defined by rising adoption and terrifyingly sophisticated fraud. AI-generated deepfakes and advanced social engineering mean the scammer on the other side of the screen is more believable than ever. This is not about basic caution; it is about recognizing modern, psychological warfare.
Every successful scam relies on engineered urgency. If you feel pressure to act immediatelyāwhether itās a fake giveaway, a "limited-time" investment offer, or a message from "customer support"āit is a manipulation tactic. Never react instantly to investment messages, particularly those promising guaranteed returns or secret 'AI trading bots.'
The most dangerous vectors are phishing and contract exploits. Phishing attacks are now virtually indistinguishable from official sites; bookmark your official $ETH platforms and double-check every single URL before connecting a wallet.
For Web3, the silent killer is the malicious smart contract. Before approving any transaction, check the permissions. If the wallet asks for infinite spending permissions or token drainage rights, do not sign. This is how high-value assets like $BTC are silently stolen.
No legitimate entity, exchange, or influencer will ever request your seed phrase or private keys. If they do, end the communication immediately. Security is a habit, not a feature. Use hardware wallets for cold storage, keep your devices patched, and limit your digital footprint. Privacy is the ultimate shield; sharing your gains and balances makes you a prime target for targeted attacks.
Knowledge is the only reliable insurance policy in this market.
Disclaimer: This is not financial advice. Do your own research and prioritize security.
#CryptoSecurity #Web3Safety #AntiScam #Deepfake
š”ļø
The 2025 crypto landscape is defined by rising adoption and terrifyingly sophisticated fraud. AI-generated deepfakes and advanced social engineering mean the scammer on the other side of the screen is more believable than ever. This is not about basic caution; it is about recognizing modern, psychological warfare.
Every successful scam relies on engineered urgency. If you feel pressure to act immediatelyāwhether itās a fake giveaway, a "limited-time" investment offer, or a message from "customer support"āit is a manipulation tactic. Never react instantly to investment messages, particularly those promising guaranteed returns or secret 'AI trading bots.'
The most dangerous vectors are phishing and contract exploits. Phishing attacks are now virtually indistinguishable from official sites; bookmark your official $ETH platforms and double-check every single URL before connecting a wallet.
For Web3, the silent killer is the malicious smart contract. Before approving any transaction, check the permissions. If the wallet asks for infinite spending permissions or token drainage rights, do not sign. This is how high-value assets like $BTC are silently stolen.
No legitimate entity, exchange, or influencer will ever request your seed phrase or private keys. If they do, end the communication immediately. Security is a habit, not a feature. Use hardware wallets for cold storage, keep your devices patched, and limit your digital footprint. Privacy is the ultimate shield; sharing your gains and balances makes you a prime target for targeted attacks.
Knowledge is the only reliable insurance policy in this market.
Disclaimer: This is not financial advice. Do your own research and prioritize security.
#CryptoSecurity #Web3Safety #AntiScam #Deepfake
š”ļø
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šØ Warning: NEIRO is a possible scam! šØ
All signs indicate that the NEIRO project may be a scam. Promises of fabulous profits without risks, opaque conditions, lack of reliable information about the team - these are classic signs of fraud. Don't fall for the tricks!
š“ If you are promised easy money - this is the first signal to be wary. Behind every quick profit there may be huge losses.
āļø Take care of your funds and trust only proven platforms!
#AntiScam #Crypto#AirdropGuide #Warning $NEIRO
All signs indicate that the NEIRO project may be a scam. Promises of fabulous profits without risks, opaque conditions, lack of reliable information about the team - these are classic signs of fraud. Don't fall for the tricks!
š“ If you are promised easy money - this is the first signal to be wary. Behind every quick profit there may be huge losses.
āļø Take care of your funds and trust only proven platforms!
#AntiScam #Crypto#AirdropGuide #Warning $NEIRO
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Tips to Avoid Crypto Fraud š
Crypto is a great opportunity, but it's also full of traps. Don't let yourself be deceived!
š Don't trust promises of high profits in a short time.
š Only use trusted and official exchanges.
Recommended Safe Exchanges:
Binance - Best security.
Coinbase - Clear and transparent regulations.
#AntiScam #KeamananKripto #BinanceSquare
Crypto is a great opportunity, but it's also full of traps. Don't let yourself be deceived!
š Don't trust promises of high profits in a short time.
š Only use trusted and official exchanges.
Recommended Safe Exchanges:
Binance - Best security.
Coinbase - Clear and transparent regulations.
#AntiScam #KeamananKripto #BinanceSquare
AMAL is regarded as one of the safest humanitarian tokens and serves as a model in the world of secure cryptocurrencies. All necessary measures have been implemented to ensure a high level of security, including 100% liquidity lock, comprehensive team documentation, smart contract audit, and relinquishment of smart contract ownership. These security measures have led to high ratings on major platforms that assess risk levels and identify potential manipulation or deception in cryptocurrencies.
#cryptoscam #CryptoScamAlert #CryptoFraud #AntiScam #antifraude #WhiteHouseCryptoSummit
#cryptoscam #CryptoScamAlert #CryptoFraud #AntiScam #antifraude #WhiteHouseCryptoSummit
#antiscam Hi.i have an issue in spot wallet some usdt is unavailable cant withdraw cant transfer
please kindly request to check it and solve the issue.
thanks
please kindly request to check it and solve the issue.
thanks
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From Victim to Hero: How Binance Saved Hamid's Funds from a Tight Trap?
Hamid, a university professor and cryptocurrency expert, never thought he would fall victim to fraud. But he trusted a reliable seller on an online forum and bought a rare device at an attractive price. He never suspected for a moment that the account had been hacked and that he was dealing with a professional scammer!
After the transfer, excuses and delays began, and upon inspecting the photos, he discovered the disaster: the photos were stolen, and the seller was just a mirage! He was in a panic, but a friend advised him to contact Binance immediately. Within days, the Binance team suspended the suspicious account and recovered his funds in full!
Now, Hamid shares his story to warn everyone: never trust without confirmation, and if you fall victim to fraud, act quicklyāBinance may be your next hero!
#BinanceScamAlert
#AntiScam
Hamid, a university professor and cryptocurrency expert, never thought he would fall victim to fraud. But he trusted a reliable seller on an online forum and bought a rare device at an attractive price. He never suspected for a moment that the account had been hacked and that he was dealing with a professional scammer!
After the transfer, excuses and delays began, and upon inspecting the photos, he discovered the disaster: the photos were stolen, and the seller was just a mirage! He was in a panic, but a friend advised him to contact Binance immediately. Within days, the Binance team suspended the suspicious account and recovered his funds in full!
Now, Hamid shares his story to warn everyone: never trust without confirmation, and if you fall victim to fraud, act quicklyāBinance may be your next hero!
#BinanceScamAlert
#AntiScam
š Protect Your Crypto in 30 Seconds ā Most Traders Skip This Step!
Scammers are getting smarter...
But you can get one step ahead by setting up your Anti-Phishing Code on Binance.
Itās FREE, EASY, and could save your entire portfolio! šø
š Whatās an Anti-Phishing Code?
Itās a custom code (like: āDrCryptoā”ā or āSafe123ā)
that shows up in every official Binance email.
So if an email is missing that code ā boom, itās a scam. šØ
š ļø How to Set It Up (in under 30 secs):
1ļøā£ Open your Binance app
2ļøā£ Go to Security Settings
3ļøā£ Tap Anti-Phishing Code
4ļøā£ Create a short code only YOU know
5ļøā£ Save and you're done ā
š One small step for you = One giant wall against phishing scams.
Stay smart. Stay secure.
Your crypto deserves this level of protection š
Like & Share this post with your Friends.
Follow me for more #EducationalContent and free spot & Future tardes Signal daily.
#AntiScam #FTXRefunds
Scammers are getting smarter...
But you can get one step ahead by setting up your Anti-Phishing Code on Binance.
Itās FREE, EASY, and could save your entire portfolio! šø
š Whatās an Anti-Phishing Code?
Itās a custom code (like: āDrCryptoā”ā or āSafe123ā)
that shows up in every official Binance email.
So if an email is missing that code ā boom, itās a scam. šØ
š ļø How to Set It Up (in under 30 secs):
1ļøā£ Open your Binance app
2ļøā£ Go to Security Settings
3ļøā£ Tap Anti-Phishing Code
4ļøā£ Create a short code only YOU know
5ļøā£ Save and you're done ā
š One small step for you = One giant wall against phishing scams.
Stay smart. Stay secure.
Your crypto deserves this level of protection š
Like & Share this post with your Friends.
Follow me for more #EducationalContent and free spot & Future tardes Signal daily.
#AntiScam #FTXRefunds
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šØ Beware of FOMOā¦ and frauds.
If someone promises to double your $100 in 1 hourā¦ they are stealing from you.
ā No legitimate person will ask you for passwords, codes, or to send funds.
š In this game, you win with intelligence, not desperation.
DYOR = Do your own research before trusting your money.
#CriptoSeguro #AntiScam #BinanceFeed #NaxramTips #CriptoResponsable
If someone promises to double your $100 in 1 hourā¦ they are stealing from you.
ā No legitimate person will ask you for passwords, codes, or to send funds.
š In this game, you win with intelligence, not desperation.
DYOR = Do your own research before trusting your money.
#CriptoSeguro #AntiScam #BinanceFeed #NaxramTips #CriptoResponsable
THE $WWT SHOCKWAVE JUST HIT!
The crypto world just got a massive jolt! $WWT has unleashed a monumental $157,000 donation to @zachxbt! This isn't just cash; it's a thunderous statement for transparency and a direct hit against scams. This is the moment. Real projects are stepping up, cleaning the space, and $WWT is leading the charge. You feel that? That's the sound of opportunity. Don't get left behind. The future of legitimate crypto is being built RIGHT NOW. Get involved.
Disclaimer: Not financial advice. Conduct your own research.
#CryptoNews #Transparency #AntiScam #WhiteWhale #WWT š„
The crypto world just got a massive jolt! $WWT has unleashed a monumental $157,000 donation to @zachxbt! This isn't just cash; it's a thunderous statement for transparency and a direct hit against scams. This is the moment. Real projects are stepping up, cleaning the space, and $WWT is leading the charge. You feel that? That's the sound of opportunity. Don't get left behind. The future of legitimate crypto is being built RIGHT NOW. Get involved.
Disclaimer: Not financial advice. Conduct your own research.
#CryptoNews #Transparency #AntiScam #WhiteWhale #WWT š„
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[MUST KNOW!] How to Activate 2FA & Anti-Scam on Binance
The crypto world is indeed promising, but it is also full of risksāespecially regarding account security. There have been many cases of accounts being hacked due to neglecting to activate basic security features. Don't let that happen to you!
One of the most important steps is to activate 2FA (Two-Factor Authentication) on your Binance account.
How to do it? It's really easy!
1. Log in to Binance
2. Go to the "Security" menu
3. Select the Google Authenticator option
4. Follow the instructions: scan the QR code, save the backup code, and enter the 6-digit code from the app
5. Done! Now every login or transaction, you will be asked for the 2FA code
Additionally, activate the Anti-Phishing Code feature in the security section. This will add a special code to every official email from Binance, so you can distinguish between real and fake emails.
Additional Tips:
Don't click random links
Avoid pirated applications
Use a strong password and different ones for each account
Remember, in crypto, you are your own bank. Take good care of your access and assets!
#BinanceTips #Write2Earn #AntiScam #CryptoSafety
The crypto world is indeed promising, but it is also full of risksāespecially regarding account security. There have been many cases of accounts being hacked due to neglecting to activate basic security features. Don't let that happen to you!
One of the most important steps is to activate 2FA (Two-Factor Authentication) on your Binance account.
How to do it? It's really easy!
1. Log in to Binance
2. Go to the "Security" menu
3. Select the Google Authenticator option
4. Follow the instructions: scan the QR code, save the backup code, and enter the 6-digit code from the app
5. Done! Now every login or transaction, you will be asked for the 2FA code
Additionally, activate the Anti-Phishing Code feature in the security section. This will add a special code to every official email from Binance, so you can distinguish between real and fake emails.
Additional Tips:
Don't click random links
Avoid pirated applications
Use a strong password and different ones for each account
Remember, in crypto, you are your own bank. Take good care of your access and assets!
#BinanceTips #Write2Earn #AntiScam #CryptoSafety
Beware of fake X Empire telegram bot...make sure you look out for the one with blue tick and millions of subscribers. Scammers everywhere. Stay vigilant.
#ScamAware #stayalert #antiscam
#ScamAware #stayalert #antiscam
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š„SCAM ALERTš„ IF YOU ARE FROM ARGENTINA, HELP ME SPREAD THIS.
I received a text message on my cell phone saying that I had won a red envelope with 300 USD, and to claim it I had to enter a Binance link.
The striking thing is that I received it by text message from the same number that they usually send me to verify my identity when I sometimes enter here (and moments after having used it, which is VERY RARE!!!).
The thing is that the site they wanted to send me to was binance.com.AR, which is not official but is IDENTICAL to the original binance. I entered incognito to the link they sent me (with my session closed, just in case) and it was the typical entry with the red envelopes.
When you press the button, the system asks you to give them your wallet to make the transfer, but you need to log in... Please, don't even think about doing that because you are giving your cryptos to a stranger!!!!!
I found out who the binance.com.ar domain belongs to and the name Yamila Flavia Lucena appears (in the screenshot). I wanted to report it to the authorities but NIC Argentina (who grants the websites) says that IT CAN'T DO ANYTHING (a disgrace).
So now you know, be careful because the message comes to you through a known channel (the number through which Binance sends verification codes) but it is a complete scam!
#Binance #antiscam
I received a text message on my cell phone saying that I had won a red envelope with 300 USD, and to claim it I had to enter a Binance link.
The striking thing is that I received it by text message from the same number that they usually send me to verify my identity when I sometimes enter here (and moments after having used it, which is VERY RARE!!!).
The thing is that the site they wanted to send me to was binance.com.AR, which is not official but is IDENTICAL to the original binance. I entered incognito to the link they sent me (with my session closed, just in case) and it was the typical entry with the red envelopes.
When you press the button, the system asks you to give them your wallet to make the transfer, but you need to log in... Please, don't even think about doing that because you are giving your cryptos to a stranger!!!!!
I found out who the binance.com.ar domain belongs to and the name Yamila Flavia Lucena appears (in the screenshot). I wanted to report it to the authorities but NIC Argentina (who grants the websites) says that IT CAN'T DO ANYTHING (a disgrace).
So now you know, be careful because the message comes to you through a known channel (the number through which Binance sends verification codes) but it is a complete scam!
#Binance #antiscam
THE RULE THAT MUST APPLY EVERYONE.
Please read carefully.
Language : #Albania , #English
š Kujdes nga Scammerat! ā Beware of Scammers!
NĆ« botĆ«n e kriptomonedhave, rreziku nga mashtruesit Ć«shtĆ« i lartĆ«. Ata pĆ«rpiqen tāju mashtrojnĆ« duke u shtirur si Binance apo faqe tĆ« tjera zyrtare.
Mos ndani kurrƫ fjalƫkalimet, kodet 2FA apo tƫ dhƫnat personale.
In the crypto world, scam risks are real. Scammers pretend to be Binance or other official sources to trick you.
Never share your passwords, 2FA codes, or personal information.
ā Kontrolloni gjithmonĆ« faqet zyrtare ā Always verify official websites
ā Mos klikoni nĆ« linke tĆ« dyshimta ā Avoid suspicious links
ā Aktivizoni 2FA pĆ«r mĆ« shumĆ« siguri ā Enable 2FA for extra protection
Binance nuk do ju kontaktojƫ kurrƫ privat pƫr tƫ kƫrkuar tƫ dhƫna!
Binance will never contact you privately asking for personal info!
#AntiScam #Write2Earn $BTC
Please read carefully.
Language : #Albania , #English
š Kujdes nga Scammerat! ā Beware of Scammers!
NĆ« botĆ«n e kriptomonedhave, rreziku nga mashtruesit Ć«shtĆ« i lartĆ«. Ata pĆ«rpiqen tāju mashtrojnĆ« duke u shtirur si Binance apo faqe tĆ« tjera zyrtare.
Mos ndani kurrƫ fjalƫkalimet, kodet 2FA apo tƫ dhƫnat personale.
In the crypto world, scam risks are real. Scammers pretend to be Binance or other official sources to trick you.
Never share your passwords, 2FA codes, or personal information.
ā Kontrolloni gjithmonĆ« faqet zyrtare ā Always verify official websites
ā Mos klikoni nĆ« linke tĆ« dyshimta ā Avoid suspicious links
ā Aktivizoni 2FA pĆ«r mĆ« shumĆ« siguri ā Enable 2FA for extra protection
Binance nuk do ju kontaktojƫ kurrƫ privat pƫr tƫ kƫrkuar tƫ dhƫna!
Binance will never contact you privately asking for personal info!
#AntiScam #Write2Earn $BTC
See original
Avoiding Scams in the Crypto World: Smart Tips š
As the number of crypto users increases, so do the scams that circulate. Don't let you become a victim, Boss!
š Always check the URL of the site you are visiting.
š Don't be easily tempted by large profits in a short time.
Recommended Safe Coins:
$BTC
- Safest in terms of network security.
$ETHFI
- Required for safe DeFi transactions.
#AntiScam #KeamananKripto #BinanceSquare
As the number of crypto users increases, so do the scams that circulate. Don't let you become a victim, Boss!
š Always check the URL of the site you are visiting.
š Don't be easily tempted by large profits in a short time.
Recommended Safe Coins:
$BTC
- Safest in terms of network security.
$ETHFI
- Required for safe DeFi transactions.
#AntiScam #KeamananKripto #BinanceSquare
Have You Ever Been Scammed in Crypto?
Scams are sadly part of the landscapeāphishing links, fake airdrops, pump-and-dumps. We want to hear your story!
š” Tips to Stay Safe:
Only use official Binance links and apps
Never share your private keys or 2FA codes
Enable withdrawal whitelist and anti-phishing codes
Double-check URLs before entering credentials
Share your experience below and letās help each other stay vigilant!
#CryptoSafety #AntiScam #TradeOfTheWeek #TradeStoris #StaySecure
Scams are sadly part of the landscapeāphishing links, fake airdrops, pump-and-dumps. We want to hear your story!
š” Tips to Stay Safe:
Only use official Binance links and apps
Never share your private keys or 2FA codes
Enable withdrawal whitelist and anti-phishing codes
Double-check URLs before entering credentials
Share your experience below and letās help each other stay vigilant!
#CryptoSafety #AntiScam #TradeOfTheWeek #TradeStoris #StaySecure
SHIB
Holding
Cumulative PNL
+0.04 USDT
From Victim to Hero: How Binance Saved Hamidās Money from a Perfect Scam?
Hamid, a university professor and crypto expert, never imagined he would fall victim to fraud. He trusted a reputable seller on an online forum and purchased a rare device at an irresistible price. Little did he know that the sellerās account had been hacked and that he was dealing with a professional scammer!
After making the payment, delays and excuses began. Upon closer inspection, he made a shocking discovery: the images were stolen, and the seller was a fraud! Panic set in, but a friend advised him to contact Binance immediately. Within days, Binance froze the scammerās account and fully recovered Hamidās funds!
Now, Hamid shares his story to warn others: never trust blindly, and if you get scammed, act fastāBinance could be your next hero!
#Binance #AntiScam #BinanceScamAlert
Hamid, a university professor and crypto expert, never imagined he would fall victim to fraud. He trusted a reputable seller on an online forum and purchased a rare device at an irresistible price. Little did he know that the sellerās account had been hacked and that he was dealing with a professional scammer!
After making the payment, delays and excuses began. Upon closer inspection, he made a shocking discovery: the images were stolen, and the seller was a fraud! Panic set in, but a friend advised him to contact Binance immediately. Within days, Binance froze the scammerās account and fully recovered Hamidās funds!
Now, Hamid shares his story to warn others: never trust blindly, and if you get scammed, act fastāBinance could be your next hero!
#Binance #AntiScam #BinanceScamAlert
MEV Blocker Wants to Help You Outrun the Frontrunners
A consortium of Ethereum builders has banded together to launch MEV Blocker, a utility that promises to help people transact on Etheruem without succumbing to maximal extractable value (MEV) bots.
Maximum extractable value is a phenomenon wherein clever blockchain operators profit from the ability for anyone to preview upcoming transactions. By looking at Ethereumās mempool ā a sort of waiting area for yet-to-be-confirmed transactions ā so-called MEV-bots can front-run trades and execute other strategies, like sandwich attacks, that eat into the profits of regular users.
Read more: What Is MEV, aka Maximal Extractable Value?
MEV-Boost ā a piece of MEV-optimizing middleware used by virtually all the validators that operate Ethereum ā aimed to spread out the riches of MEV to more people, but it also turned MEV-extraction into a kind of cottage industry. By MEV Blockerās estimate, MEV bots have siphoned more than $1.38 billion from everyday Ethereum users so far.
MEV Blocker joins a growing number of projects that provide custom RPC endpoints to users that want to avoid being sniped by MEV extractors (an RPC endpoint is a gateway that wallets and other crypto apps use to communicate with a blockchain).
With its endpoint, MEV-Blocker aims to give power back to regular users ā providing them a way to not just circumvent the most common MEV attacks, but also to profit from less offensive MEV strategies. It was jointly created by CoW Protocol, Beaver Build and Agnostic Relay ā some of the larger players in Ethereumās MEV ecosystem.
āMEV Blocker works by directing transactions to a network of āsearchersā before sending them to the mempool,ā the team behind MEV Blocker explained in a statement. āThe searchers then bid for the right to backrun the transactions while simultaneously shielding users from frontrunning and sandwich attacks.ā
Backrunning is a type of MEV strategy where a transaction is slipped in directly after another trade, with the backrunning transaction taking advantage of arbitrage opportunities raised by the preceding transaction. According to MEV Blocker, their utility will reward āat least 90% of the profits from winning bids back to users,ā with the other 10% going to validators.
MEV Blocker should be supported by all wallets that allow for custom RPC endpoints.
Edited by James Rubin.
#BTC #dyor #antiscam
Maximum extractable value is a phenomenon wherein clever blockchain operators profit from the ability for anyone to preview upcoming transactions. By looking at Ethereumās mempool ā a sort of waiting area for yet-to-be-confirmed transactions ā so-called MEV-bots can front-run trades and execute other strategies, like sandwich attacks, that eat into the profits of regular users.
Read more: What Is MEV, aka Maximal Extractable Value?
MEV-Boost ā a piece of MEV-optimizing middleware used by virtually all the validators that operate Ethereum ā aimed to spread out the riches of MEV to more people, but it also turned MEV-extraction into a kind of cottage industry. By MEV Blockerās estimate, MEV bots have siphoned more than $1.38 billion from everyday Ethereum users so far.
MEV Blocker joins a growing number of projects that provide custom RPC endpoints to users that want to avoid being sniped by MEV extractors (an RPC endpoint is a gateway that wallets and other crypto apps use to communicate with a blockchain).
With its endpoint, MEV-Blocker aims to give power back to regular users ā providing them a way to not just circumvent the most common MEV attacks, but also to profit from less offensive MEV strategies. It was jointly created by CoW Protocol, Beaver Build and Agnostic Relay ā some of the larger players in Ethereumās MEV ecosystem.
āMEV Blocker works by directing transactions to a network of āsearchersā before sending them to the mempool,ā the team behind MEV Blocker explained in a statement. āThe searchers then bid for the right to backrun the transactions while simultaneously shielding users from frontrunning and sandwich attacks.ā
Backrunning is a type of MEV strategy where a transaction is slipped in directly after another trade, with the backrunning transaction taking advantage of arbitrage opportunities raised by the preceding transaction. According to MEV Blocker, their utility will reward āat least 90% of the profits from winning bids back to users,ā with the other 10% going to validators.
MEV Blocker should be supported by all wallets that allow for custom RPC endpoints.
Edited by James Rubin.
#BTC #dyor #antiscam
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