Time Bandit Attack

Basics

• From The Block’s Tim Copeland (30-7-2021):

"In short, it’s possible for a miner who sees a lucrative transaction in a new block to go back in the chain to the point before the transaction occurred and create a new sequence — one that replaces the original transaction with one in which the miner takes the profits for themselves. It’s also called a “time bandit attack” because it’s like blockchain time travel."

• As Dose of DeFi put it:

"MEV has everyone spooked. Yet the likelihood of a reorg is low – as miners inevitably won’t bite the hand that feeds them."