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The Blockchain Imitation Game. (arXiv:2303.17877v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
The use of blockchains for automated and adversarial trading has become
commonplace. However, due to the transparent nature of blockchains, an
adversary is able to observe any pending, not-yet-mined transactions, along
with their execution logic. This transparency further enables a new type of
adversary, which copies and front-runs profitable pending transactions in
real-time, yielding significant financial gains.
Shedding light on such "copy-paste" malpractice, this paper introduces the
Blockchain Imitation Game and proposes a generalized imitation attack
methodology called Ape. Leveraging …
adversarial adversary analysis ape attack automated automatic blockchain blockchains called copy dynamic financial game logic nature paste program program analysis smart smart contracts techniques trading transactions transparency