[Analysis] Bancor had a front-running problem, so it hired one of the manipulators to fix it - Frank Chaparro

While centralized exchanges like Binance and Bitfinex are having their own concerns, decentralized exchanges (DEXs) are leaking funds to front runners. Front runners, typically bots who scan ahead of trades to pick them up and then dump them at a profit, have earned an estimated $6 million in total profit across multiple DEXs to date, according to a Cornell Tech paper cited by Chaparro. One DEX, Bancor, hired a front runner on a bounty to solve the issue and gain their expertise. Other DEXs have resorted to batched auctions, where tokens are all sold and dispersed en masse.