Shutter Launches Anti-Front Running Solution on Gnosis to Fight $900M Crypto Theft

cryptonews.com:

Open-source protocol Shutter, in partnership with Gnosis, has launched an anti-front running solution using mempool encryption to fight crypto theft.

According to the press release, Shutter will be integrated into the EVM-compatible Layer-1 Gnosis Chain to protect end-user transactions from front running and sandwich attacks.

This way, it argued, the protocol will shield traders from malicious maximal extractable value (MEV) attacks that can result in significant monetary loss and unfair influence.

This integration is “one of many in the pipeline” for Shutter in its effort to combat malicious MEV attacks across the Ethereum ecosystem, it said.

Shutter will launch on July 11, the final day of the Ethereum Community Conference (EthCC).

Notably, attackers steal nearly $900 million from crypto trades annually on Ethereum through MEV tactics, the press release said.

During MEV attacks, attackers manipulate the outcome of a transaction within a blockchain to maximize their own financial gain at the victim’s expense.

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