BIS report warns about front-running threat in crypto mining

Cointelegraph

Published Jun 17, 2022 08:22AM ET

Updated Jun 18, 2022 10:20AM ET

Since 2020, miners on the Ethereum blockchain have extracted around $600 million from other investors by miners, according to a new report by the Bank for International Settlements (BIS) focusing on common malpractice in the crypto mining industry.

The June 16 bulletin, “Miners as intermediaries: extractable value and market manipulation in crypto and DeFi,” suggests three key takeaways from the BIS' research on the functioning of the Ethereum protocol.

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