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  • Flash Freezing Flash Boys: Per-transaction encryption to fight malicious MEV
    Cointelegraph.com - 15:00 Feb 10, 2026
    Flash Freezing Flash Boys: Per-transaction encryption to fight malicious MEVFlash Freezing Flash Boys is a novel proposal for per-transaction encryption to prevent frontrunning. Malicious MEV attacks pose a significant threat to traders on Ethereum. Our latest research shows that almost 2,000 sandwich attacks happen daily and more than $2 million is extracted from the network each month. Even traders who execute large WETH, WBTC or stable swaps remain at risk and can lose a substantial portion of their trades.  MEV thrives because of the transparent nature of blockchains, where transaction data is visible before transactions are executed and finalized. One path toward mitigating MEV is mempool encryption, particularly through the use of threshold encryption. In our earlier articles, we examined two different models for threshold-encrypted mempools. Shutter, one of the first projects to apply threshold encryption to protect the mempool, introduced a per-epoch setup. Batched threshold encryption (BTE), a newer model, decrypts multiple transactions with a single key to reduce communicat...