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Security: Suggest using a private relay to avoid front-running attack #646

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FuzzyDream opened this issue Jul 3, 2023 · 2 comments
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@FuzzyDream
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Obviously everyone should keep their mnemonic safe, but in the event that a mnemonic is compromised and the user doesn't know it, my understanding is that it is safer to deposit using a private relay like flashbots, just in case. I have heard (on the staking discord) that a hacker with your mnemonic can watch the mempool for your deposit and use MEV to put their own 1ETH deposit in front of yours with a different withdrawal address, thereby stealing the entirety of your new deposit.

It seems like it would be a good idea to have the launchpad recommend using a private relay, just to be extra safe.

@FuzzyDream
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My writeup of what I understand of the front-running attack: https://www.reddit.com/r/ethstaker/comments/14p9nqr/warning_for_the_ultraparanoid_you_are_probably/

I'm not an expert. I apologize if I got any of this wrong, and I welcome clarification and correction from those who know better.

@Ameralameri
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Good

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