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It is absolutely possible to know as the server serving a bash script if it is being piped into bash or not purely by the timing of the downloaded chunks. A server could halfway through start serving a different file if it detected that it is being run directly. This is not a theoretical situation, by the way, this has been done. At least when downloading the script first you know what you’ll be running. Same for a source tarball. That’s my main gripe with this piping stuff. It assumes you don’t even care about the security.
That makes the exploit less detectable sure. Not fundamentally less secure though.
Link btw? I have not heard of an actual attack using this.