GMGN’s Bold Promise: Compensation for MEV Attack Victims – Are They Serious?

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Ah, the world of decentralized finance, where promises are made, and attacks are inevitable. Enter GMGN, the latest knight in shining armor, offering users who fall victim to the notorious sandwich attacks a lifeline under their new MEV protection feature. Yes, you heard that right—compensation. A dazzling idea, isn’t it? 💰

In a delightfully reassuring post, GMGN’s co-founder Haze—the self-proclaimed savior of the innocent—announced that, in light of the increasing malicious attacks (courtesy of those devilish Maximal Extractable Value bots), they’ve installed a shiny new MEV protection feature. No doubt this will protect us all from the wolves of the crypto wilderness. 🦊

But wait! There’s a twist. As Haze so humbly admitted, “This system is not perfect.” What a shocker. So, if you find yourself still being rudely sandwiched by those pesky bots, Haze kindly invites you to reach out. Yes, please, don’t hesitate to contact the team if you’re still getting attacked despite the shiny new shield. 👾

Now, the fun part. If you’ve been the unfortunate victim of a sandwich attack while under GMGN’s supposed protection, you can get compensated! 🎉 Simply provide your transaction hash and apply for verification through the official channels. Oh, how simple it all seems!

“If it has been verified that MEV was enabled [during the attack] and you were sandwiched, we will compensate you,” Haze assures. And if you believe that, I have some oceanfront property in the Sahara to sell you. 🌊

In April 2025, the MEV attack saga took a particularly nasty turn when it swept through Solana (SOL)-based trading applications. According to AI Invest’s very accurate data, over 260,000 sandwich attacks occurred in just 30 days. How quaint. Of these, a mere 23,600 SOL was stolen. Only a tiny fraction of the $1.6 billion market cap. 🤑

But wait, GMGN isn’t off the hook yet. Despite being a relatively small fish in the sea of Solana-based platforms, GMGN found itself on the wrong end of the attack ratio. Approximately 30.8% of all attacks targeted GMGN—well, that’s some quality attention, isn’t it? Certainly more than most get in their entire careers. 👏

Meanwhile, other mainstream trading platforms like Binance and Bitget are pretending to fight back. Binance, ever the watchdog, has warned users their accounts could be revoked for using MEV bots to cheat their Alpha Points system. Oh, the horror! 😱

Bitget Wallet, not to be outdone, recently upgraded its MEV protection. Because, you know, it’s not enough to just say ‘We’re trying.’ We need those fancy upgrades. They claim this will prevent unfair trading tactics by those rogue bots, which tend to manipulate crypto prices and create panic in the market. But who’s really panicking here? 🤔

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2025-07-09 11:17