Demystify the dark forest on Ethereum — Sandwich Attacks.

Liyi Zhou
Liyi Zhou
Nov 12, 2020 · 7 min read
Picture from: https://pixabay.com/photos/forest-mist-nature-trees-mystic-931706/

Wow, automated market maker (AMM) decentralised exchanges (DEXs) are so sexy! Come on, they are the best! Look at these projects, Uniswap, Bancor, Curve, … They are non-custodial, don’t require KYC, and their pricing formula is public. Oh and everything on Ethereum is transparent, transparency is always good! What can go wrong?

Wait wait, oh Ethereum is transparent…