MEV Bots for BSC : This informative blogpost aims to teach all details about MEV bots for Binance Smart Chain including their fucntion logic and operational method.
MEV (Miner Extractable Value) bots are automated programs designed to exploit transaction reordering opportunities in decentralized blockchain networks, primarily in the context of frontrunning and sandwich attacks. A sandwich attack involves strategically placing buy and sell orders around a target transaction to take advantage of the market impact caused by the target transaction.
However, it is important to note that the concept of sandwich attacks and MEV bots is constantly evolving, and new techniques and strategies may emerge beyond my knowledge cutoff in September 2021. It is advisable to stay updated with the latest research and developments in the field of blockchain and decentralized finance (DeFi).
Caution : Your Smart Contract Might be Open to Hacking Attacks
In case you copy/paste a MEV bot smart contract code offered by several scammers online, you will most likely create a convenient bot that will later be hacked to steal the balance you are asked to send to the smart contract.
