TLDR
Fraud within the DeFi space continues to grow, leaving more users deceived. CipherTrace study says losses from criminal attacks have fallen by 57% in 2020 to $1.9 billion. Front-running attacks are a type of front-running technique that’s popular in DeFi. Due to its decentralized nature, DeFi has zero regulations from national governments, exposing ignorant traders to predatory practices and behaviors such as front-runner, pump & dump, and wash trading. The transparency of the blockchain, together with the latency in executing orders, makes front running easy.via the TL;DR App
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Written by anton-dzyatkovskii | CEO and co-founder of Platinum Software Development Company. Blockchain enthusiast, blogger.
