⚠️ Update: Buyback System Temporarily Paused on $ORBIT (Due to MEV Attacks) ⚠️
We've identified that our predictable 20-minute buyback schedule has unfortunately made us a prime target for MEV (Maximal Extractable Value) bots. Leading to failed transactions.
🔴 What's going on?
MEV bots are front-running our scheduled buybacks.
Bots push the price up immediately before our buy, then instantly dump afterward (a.k.a. sandwich attacks).
This significantly reduces the efficiency of our buybacks, wasting our funds on artificially inflated token prices.
⏸️ Why we've paused the automated buybacks:
Continuing predictable buybacks feeds MEV bots directly.
Treasury loses funds unnecessarily.
Each scheduled buyback is less effective due to exploitation.
���️ Our Next Steps:
Implementing randomized timing for future automated buybacks to stop front-running.
Exploring MEV-resistant transaction strategies.
Conducting manual buybacks at random intervals while we upgrade our systems.
This is a well-known issue affecting many crypto projects with predictable on-chain transactions. We're actively building a more robust, MEV-resistant buyback system while keeping the entire process transparent.
Thanks for your patience and support. 🙏