Manipulation rampant on decentralized crypto exchanges says latest research156

Multiple cases of “Flash Boys” type automated trading bots have been found working on decentralized exchanges. According to researchers from Cornell Tech, the aggressive market strategies employed by these bots enable manipulative practices that could significantly damage ordinary trading.

While decentralized exchanges have been touted as the future of cryptocurrency trading, recent research suggests that DEXs could be as prone to manipulation as Wall Street once was. According to the paper from researchers at Cornell Tech—and several other universities, including the University of Illinois and ETH Zurich—Flash Boys-like trading manipulation (referencing the New York Times Best Selling book, Flash Boys: A Wall Street Revolution) is rampant on these exchanges.

Original source
https://cryptoslate.com/manipulation-rampant-on-decentralized-crypto-exchanges-says-latest-research/

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