Wall Street Shenanigans: Rampant Trading Bots are Exploiting Crypto Exchanges

By CCN.com: Cryptos’ attempts to distance and differentiate itself from traditional financial markets has taken another knock. This follows revelations that trading manipulation using high-frequency bots is rampant on decentralized exchanges (DEX) by researchers at Cornell Tech. In a paper titled ‘Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges’, the researchers have argued that despite the promise of blockchain technol