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TL;DR
Hanwe Chang (aka ‘hanwe.eth’) observed somebody was copying his bids on the NFT market, Blur. So, in his phrases, he “determined to trick them.”
He arrange a second account, transferred 12 Azuki NFTs, and made a ‘dummy bid’ of 50ETH (~$91,000USD) on every NFT together with his hanwe.eth account.
The bot noticed this, and beat the bid, profitable every for about 10x what they have been value.
The bot’s proprietor, “elizab.eth,” then got here ahead on Twitter, claiming the “funds have been stolen kind [their] bot.”
Full Story
Final week we wrote about how “automation works…till it doesn’t.”
People, it is occurred once more.
It occurred on a a lot smaller scale than the Curve exploit – this time individuals on Twitter X referred to as it “PvP” (i.e. participant vs. participant; NFT dealer vs. NFT dealer).
This is what occurred:
Hanwe Chang (aka ‘hanwe.eth’) observed somebody was copying his bids on the NFT market, Blur.
So, in his phrases, he “determined to trick them.”
He arrange a second account, transferred 12 Azuki NFTs, and made a ‘dummy bid’ of 50ETH (~$91,000USD) on every NFT together with his hanwe.eth account.
The bot noticed this, and beat the bid, profitable every for about 10x what they have been value.
The bot’s proprietor, “elizab.eth,” then got here ahead on Twitter, claiming the “funds have been stolen kind [their] bot.”
🤔
The 2 merchants are discussing the potential for a bounty and elizab.eth mentioned Chang might preserve 10% of the funds if he agreed to return the remainder.
If that does not work out, elizab.eth has mentioned the matter shall be taken to courtroom.
As we mentioned people, automation works…till it doesn’t.
Keep secure on the market!
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