Binance Research releases 2022 sector map

Beta users can try out the new tool for free and earn rewards in $HKLS.

Fighting sandwich attacks

DeFi security provider, Without hackers, is introducing a new tool that helps combat sandwich attacks on BNB Chain and Ethereum. The solution allows it trade safer avoiding public mempools and sending transactions directly to miners.

Raise the level of DeFi security

With the rapid development of decentralized exchanges and an ever increasing number of hacks, it has become clear that security is something that needs to be improved immediately. While in traditional finance this has always been the responsibility of companies, in DeFi users can and must also contribute.

Hackless has designed security solutions, both for DeFi projects and developers, and for individual users, to protect them from targeted exploits, which include sandwich attacks.

What is a sandwich attack?

Scouts started performing sandwich attacks not too long ago, but it has become a very common and profitable front-and-back-running strategy. As published in a report by TarLogic, a total of 457,691 sandwich attacks were detected between May 2020 and April 2022 with an average ROI of over 4%.

When we take a closer look at this type of attack, we will see that if played smartly, executing just two transactions can net an exploiter quite a significant profit. To do this, attackers usually monitor mempools for high-value transactions that can potentially be sandwiched. Once detected, the attacker creates a purchase transaction for the same token before a user’s transaction to pump up the asset’s price. This results in a user buying a good at a higher price. Soon after a user’s transaction is done, an attacker sells his coins, pocketing the price difference.

Individual anti-sandwich protection for BNB chain

If you want to trade assets on BNB Chain without the risk of getting stuck and losing money, consider checking out Anti-Sandwich by Hackless. Not only does it provide a free tool that makes transactions invisible to hackers since they don’t appear in public mempools, but it also offers a very simple interface and user-friendly experience even for beginners. All you have to do is connect your Metamask wallet, select the BNB Chain network and a token you wish to trade, and sign the transaction. Once signed, it will automatically be sent to private miners.

Anti-Sandwich for companies operating on BNB Chain

Anti-Sandwich by Hackless it is the best solution for blockchain projects that care about their users’ product experience. The solution has already proven itself for a play-to-earn platform that has integrated the Hackless custom widget for its users.

The Anti-Sandwich widget offers some advantages for DeFi projects:

  • Better user experience, without the user ever leaving the platform to exchange a project token.
  • Exploited security by avoiding potential sandwich attacks during the exchange.
  • Seamless integration via the npm libraryas well as branding customization.

HKLS$10,000 airdrop pool for beta users

Without a doubt, beta users will get the most out of being an early riser. Not only will they have the ability to do so try the service for freebut also participate in the dedicated airdrop activity via Glow.

About Hackless

ETHLisbon Hackathon 2021 winner, Hackless, has designed a comprehensive security platform that aims to protect the DeFi world from targeted exploits, as well as securely migrate funds from individual wallets and protocols under attack. So far, he’s helped save nearly $500,000 for compromised companies and individual clients.

To learn more about Hackless and how it can boost DeFi security, visit project siteand be sure to join the community on Discord and Telegram.

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