{"id":37532,"date":"2022-12-08T21:07:56","date_gmt":"2022-12-08T21:07:56","guid":{"rendered":"http:\/\/egrowonline.com\/?p=37532"},"modified":"2022-12-08T21:07:56","modified_gmt":"2022-12-08T21:07:56","slug":"leading-cardano-dex-suffers-front-running-attack","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=37532","title":{"rendered":"Leading Cardano DEX Suffers Front-Running Attack"},"content":{"rendered":"


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Alex Dovbnya<\/a><\/p>\n

The largest decentalized exchange on the Cardano blockchain claims that it has already fixed the issue <\/p>\n<\/div>\n<\/div>\n

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Minswap, the very first multi-pool decentralized exchange on Cardano, has experienced<\/u><\/a> a front-running attack.\u00a0<\/p>\n

Front-running refers to the practice of getting prior knowledge of future transactions via various means. Traders who commit it can potentially secure risk-free profits. DEXes have to look for different ways to prevent such attacks.\u00a0<\/p>\n

Earlier today, a Twitter user, who goes by the ticker of @CryptoVincenzio, noticed that a malicious actor was allegedly front-running orders and pocketing guaranteed profits.\u00a0<\/p>\n

In a tweet<\/u><\/a>, Minswap said that it had started investigating possible front-running on the DEX. \u201cWe are working on a fix to prevent it from happening again and we are working hard to finish that as soon as possible,\u201d the project tweeted.\u00a0<\/p>\n

In a follow-up announcement, Minswap<\/u><\/a> confirmed that the issue had been fixed. The attacker has now started canceling newly created orders because he cannot get ahead of the user.\u00a0<\/p>\n

The Minswap is currently working on a detailed report that deals with the incident.\u00a0<\/p>\n

According to data provided by DefiLlama, Minswap is the most prominent decentralized finance application on the Cardano blockchain with a total value locked (TVL) of $28.45 million.\u00a0<\/p>\n<\/div>\n


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Alex Dovbnya The largest decentalized exchange on the Cardano blockchain claims that it has already fixed the issue Minswap, the very first multi-pool decentralized exchange on Cardano, has experienced a front-running attack.\u00a0 Front-running refers to the practice of getting prior knowledge of future transactions via various means. Traders who commit it can potentially secure risk-free […]<\/p>\n","protected":false},"author":1,"featured_media":37533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[628,266,486,187,1813,1936],"class_list":["post-37532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-attack","tag-cardano","tag-dex","tag-frontrunning","tag-leading","tag-suffers"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/26721.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37532"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37532\/revisions"}],"predecessor-version":[{"id":37534,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37532\/revisions\/37534"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/37533"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37532"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}