What is front-running in the cryptocurrency market and how to keep yourself safe

As the prices of Bitcoin and Ethereum skyrocketed in the past few months, the decentralised cryptocurrency market saw a massive influx of new traders, especially stock market traders, who migrated to the cryptocurrency market— in a bid to book profits.

What also moved with them are some traditional day trade strategies used in stock markets, which include breakout tactics to scalping (trading in small price movements without targeting massive profits). But one stock market tactic in particular that has proven popular for intra-day crypto traders is “front running”.

Front runners are abusing cryptocurrency exchanges by soaking hundreds of millions in crypto from trader transactions on the Ethereum network.