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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.
The text was updated successfully, but these errors were encountered:
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.
The text was updated successfully, but these errors were encountered: