BIS report warns about front-running threat in crypto mining

2022.06.17 17:20

BIS report warns about front-running threat in crypto mining

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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