Bitget Wallet has expanded multi-chain MEV protection and has enabled it by default across major blockchains to protect users from MEV bot attacks.
In a press release sent to Crypto.News, Bitget Wallet reveals the latest security upgrades and integrates maximum extractable value protection or MEV protection directly into the platform’s swap capabilities. Users can check the “MEV” logo on the Swap page or whether to check the “MEV” logo within the transaction signature page.
MEV protection upgrades are designed to prevent the unfair trading mechanisms that are typically used in MEV bots. Applies to multiple chains, including Ethereum (ETH), Base (Base), BNB Chain (BNB), Polygon (Matic), Arbitrum (ARB), Solana (SOL), and other major blockchains. Bitget Wallet aims to eliminate vulnerabilities related to MEV bot activities.
Historically, MEV bots have targeted liquidity pools by frequently manipulating cryptocurrency prices, thereby spreading false market sentiment among traders. Bitget Wallet claims that the system can block these incorrect price fluctuations, ensuring that users receive accurate and fair market prices.
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Additionally, another tactical MEV bot is inflation in high-demand trading gas prices. The latest upgrades to Bitget Wallet are predicting reasonable gas rate ranges, thus preventing an artificial bidding war on the platform. This protects users from excessive transaction costs while ensuring trade stability.
Bitget Wallet COO Alvin Kan said the company’s plans to continuously improve its platform by introducing more security features and expanding its services to include more blockchain networks in the future.
“As the MEV threat evolves, it remains essential to strengthen our protection mechanisms to ensure a stable and reliable trading environment,” Kan said in a statement.
How tragic is the MEV bot attack?
MEV bots are deployed on blockchain to search for opportunities to make profits in the market and automatically execute trading activities at a rapid pace.
Over the past few months, Crypto Traders has reported significant losses from undetected MEV operations, highlighting the importance of precautions to ensure market equity.
On March 12, Crypto traders lost over $215,000 while performing a Stablecoin transfer due to a MEV bot sandwich attack. According to data from Etherscan, the attack occurred in the USDC (USDC)-USDT (USDT) liquidity pool of UNISWAP (UNI) V3, with over $35 million in stubcoins stored.
Is there anyone safe using defi?
Users of @UnisWap V3 were sandwiched only after being attacked from $216k while trying to swap 221K USDC for USDT.
Be careful, this was a pool with over $35 million USDC and USDT.
This is insane.
How did it happen?
MEV BOT front-ran tx by…pic.twitter.com/cyzu4m6qfz
– Michael Nadeau | March 12, 2025, defi report (@justdeauit)
Defi Report founder Michael Nadeau explained that the bot had put the transaction on the forefront and temporarily removed all USDC liquidity from the pool before the user’s transactions were executed. As a result of poor liquidity, users have worsened the exchange rate, resulting in a loss of $216,000.
Not only that, the BOT operator paid $200,000 to a block builder named Bobthebuilder to ensure the success of the attack. Eventually, the attacker left with a profit of $8,000 from the bot attack.
read more: Ross Ulbricht-Linked Wallets lost $12 million at Meme Coin Blunder
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