Bitget Wallet has enhanced its security measures by integrating Maximal Extractable Value (MEV) protection across multiple blockchains, activating the feature by default to shield users from exploitative trading practices.
According to a press release on March 17, the latest upgrade embeds MEV protection directly into Bitget Wallet’s Swap feature. Users can verify the activation of this security layer by checking for the “MEV” logo on the Swap page or within the transaction signature interface.
The MEV protection mechanism addresses unfair tactics by MEV bots, which manipulate prices and inflate gas fees in liquidity pools during high-demand trading. Bitget Wallet aims to reduce excessive transaction costs and ensure fair trade execution by predicting reasonable gas fee ranges. This security feature works across multiple blockchain networks, including Ethereum, Base, BNB Chain, Polygon, Arbitrum, and Solana, to create a more stable trading environment and mitigate vulnerabilities related to MEV activity.
Alvin Kan, COO of Bitget Wallet, emphasized the company’s commitment to ongoing security improvements, stating,
“As MEV threats evolve, strengthening protection mechanisms remains essential for ensuring a stable and reliable trading environment.”
The rise of MEV bot manipulation has led to significant financial losses for traders. On March 12, a crypto trader lost $215,000 due to a sandwich attack by an MEV bot on Uniswap v3’s USDC-USDT liquidity pool. The attacker front-ran the trade by withdrawing all USDC liquidity, resulting in a poor exchange rate for the trader. The bot operator paid $200,000 to a block builder named “bobTheBuilder” and made an $8,000 profit from the attack.
Bitget Wallet had also recently introduced MemeX, a new tool aimed at helping memecoin enthusiasts identify “high-potential memecoins” with the potential for significant returns. The real-time discovery tool feature was designed to instantly detect and list newly launched memecoins within the past 24 hours, giving traders an edge in spotting emerging trends early.
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