Cornell University researchers say decentralized crypto asset exchanges are heavily affected by malicious trading bots. In a paper titled “Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchanges,” an eight-person group, composed primarily of researchers from Cornell University, has uncovered a number of significant details surrounding the activity of malicious trading bots on decentralized exchanges. The paper focuses on a type of trading bot called arbitrage bots. Referencing the infamous 2012 book ‘Flash Boys’ by Micheal Lewis, the paper explains that the malicious ... (full story)