Time Bandit Attack

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Revision as of 02:42, 5 August 2021 by wiki_crypto>Zeb.dyor
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Basics

"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."

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