Beware the Silent Threat: Unmasking Sandwich Attacks

Investing in crypto offers crypto holders countless opportunities to grow their wealth. However, this enticing landscape also presents a stark reality - the decentralized finance (DeFi) ecosystem remains vulnerable to a myriad of cyber threats and attacks.

Among these malicious schemes, smart contracts are a persistent concern for investors, leading to perilous flash loan attacks, rug pulls, and Sandwich Attacks, which are more recent.

Sandwich Attacks may not have gained widespread attention in the crypto world, but they could significantly impact the DeFi sector. Notably, even Ethereum's visionary co-founder, Vitalik Buterin, sounded the alarm on these treacherous tactics in 2018.

At its core, a sandwich attack operates as a sophisticated form of front-running, with a precise focus on decentralized finance protocols and services. As part of this scheme, unethical traders actively seek pending transactions on the Ethereum network.

The attack unfolds as the malicious actor swiftly places two orders right before and immediately after the targeted trade. Through this dual-pronged approach, the original pending transaction is effectively front-run and back-run simultaneously.

The primary objective of this intricate strategy is to manipulate asset prices. First, the attacker acquires the asset the user intends to swap, capitalizing on insider knowledge of an impending price increase. Meanwhile, the culprit secures Ethereum at a lower price, enabling the victim to purchase it at a higher price unknowingly. Subsequently, the attacker sells Ethereum at an elevated price, pocketing a substantial profit.

The consequence of this devious maneuver is a drastic reduction in the amount of Ethereum received by the initial user. By executing their order at the desired price, the attacker effectively elevates the cost of the next trade. Thus, the malicious actor exploits both front-running and back-running to profit from artificially inflated Ethereum prices. 

Is there a way to prevent them? The answer is yes.

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Stay One Step Ahead With Front-Running Prevention RPC

Front-Running Prevention Public RPC emerges as a powerful tool in the fight against insidious Sandwich Attacks and other front-running threats in the decentralized finance (DeFi) landscape. It introduces a layer of privacy logic that routes your transactions to block proposers before they are made public. As a result of this feature, you gain a crucial advantage - the ability to execute your trades before malicious front-running bots can exploit them.

With this solution, you have additional time and privacy to take control of your trades and minimize the likelihood of losses from opportunistic competitors. But how can you access them? No worries!

The  BSC News RPC Page offers a wide array of Remote Procedure Call (RPC) URLs, carefully curated to optimize your crypto experience across different blockchain ecosystems.

We have also recently partnered with bloXroute, a leading blockchain network optimization platform, to offer three FREE custom RPC URLs for Ethereum, Binance Smart Chain (BNB), and Polygon (formerly Matic Network). These RPC URLs are specially designed to elevate your blockchain experience, ensuring swift and secure interactions while safeguarding you from the risks of front-running, sandwich attacks, and other malicious activities prevalent in the DeFi realm.

It doesn't matter if you're a DeFi enthusiast looking for the fastest RPC or an investor wanting to protect your funds from MEV (Miner Extractable Value) attacks, front-running attacks, or sandwich attacks; adding the URLs to your wallet provides you with the tools you need to protect your crypto investments.

Here is a short guide on how you can easily add the links for BSC:

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How to Add Custom BSC Protect RPC to Metamask

Follow these steps to add the RPC links to your wallet seamlessly:

Open Metamask and Access Settings: Launch your Metamask wallet and click on the "Settings" icon, typically located in the top-right corner of the wallet interface.

Navigate to Networks: In the Settings menu, look for and click on "Networks." This will lead you to a list of available blockchain networks.

Add Custom Network: Locate and click the "Add Network" button, often displayed at the bottom or top of the Networks menu.

Select Custom Network: A dialogue box will appear, prompting you to provide details for the custom network setup. Choose "Custom RPC" or "Custom Network" from the options available, depending on the terminology used in your Metamask version.

Enter BSC Protect Details: Fill in the following details to configure the BSC Protect RPC:

• Network Name: BSC Protect" 
• RPC URL: https://bsc.rpc.blxrbdn.com
• Chain ID: 56.
• Symbol: BNB
• Block Explorer URL (optional): https://bscscan.com

Save and Confirm: After entering all the required information, click the "Save" or "Add" button, depending on your Metamask version, to finalize the custom BSC Protect RPC setup.

Switch to BSC Protect Network: Once you've added the custom network, you can switch to the BSC Protect network by clicking on the network selector in the Metamask wallet. Look for the drop-down menu displaying different networks and select "BSC Protect" from the list.

Congratulations! You've successfully added the custom BSC Protect RPC to your Metamask wallet. For Polygon Protect RPC, you can get the details here, and for ETH Gas Protect RPC, you can get them here.

Safeguarding your investments and transactions in the decentralized finance (DeFi) universe has never been more critical. With the rising threat of Sandwich Attacks and front-running vulnerabilities, it becomes imperative for crypto enthusiasts to fortify their blockchain experience.

By leveraging the power of Front-Running Prevention Public RPC and embracing the top-performing RPC URLs offered by BSC News RPC Page, you can confidently take control of your DeFi journey. 

Take advantage of the free BSC News RPC Page today and unleash the full potential of your blockchain ventures. Happy trading!