Nifty News: Trader nabs 800 ETH by baiting a bot, NFT thefts slow down and more
A trader got nearly $1.5 million richer after tricking a bot into copying his trades to buy a slew of NFT at a markup.
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NFT Trader's $1.5 Million Robot Chess Move
Hanwe Chang, YouTuber and non-fungible token (NFT) trader, said he got 800 ether (ETH), or about $1.5 million, by tricking a rival trader's bot into buying his own NFTs swollen.
In an August 5 X (Twitter) post, Chang said he noticed a bot copying his offers from the NFT Blur Marketplace and decided to trick them.
An NFT-focused account, A Raving Ape, speculated that from a separate, anonymous wallet, Chang purchased multiple Azuki NFTs that shared the same background color.
Background on how @HanweChang executed a plan to perfection and earned 800e by selling "Off White A - Background Color" azuki at 50e each and elementals azuki at 15e each.
This is an epic case of PvP in today's NFT trading market ⚔️
Hanwe coasted to first place in… pic.twitter.com/M8Ujm8CquJ
— A-Raving-Ape.eth (@a_raving_ape) August 5, 2023Knowing that the bots were copying his trades, Chang placed an inflated bid on the NFTs held in his anonymous wallet from his publicly known hanwe.eth wallet.
Once a bot automatically copied the inflated bid, Chang accepted it from his anonymous wallet and was able to pass on the NFTs at a significant markup.
Apparently, the owner of the bot known as elizab.eth responded to Chang's message claiming the funds were stolen and offered to discuss a 10% bounty if the funds were returned.< /p>
We would like to discuss a premium with you. We're offering a 10% bounty on all funds stolen from our bot, which you can keep if you return the remaining 90%
— elisab.eth ᅠᅠ (@ThinkingETH)
A trader got nearly $1.5 million richer after tricking a bot into copying his trades to buy a slew of NFT at a markup.
News
Join us on social networks
NFT Trader's $1.5 Million Robot Chess Move
Hanwe Chang, YouTuber and non-fungible token (NFT) trader, said he got 800 ether (ETH), or about $1.5 million, by tricking a rival trader's bot into buying his own NFTs swollen.
In an August 5 X (Twitter) post, Chang said he noticed a bot copying his offers from the NFT Blur Marketplace and decided to trick them.
An NFT-focused account, A Raving Ape, speculated that from a separate, anonymous wallet, Chang purchased multiple Azuki NFTs that shared the same background color.
Background on how @HanweChang executed a plan to perfection and earned 800e by selling "Off White A - Background Color" azuki at 50e each and elementals azuki at 15e each.
This is an epic case of PvP in today's NFT trading market ⚔️
Hanwe coasted to first place in… pic.twitter.com/M8Ujm8CquJ
— A-Raving-Ape.eth (@a_raving_ape) August 5, 2023Knowing that the bots were copying his trades, Chang placed an inflated bid on the NFTs held in his anonymous wallet from his publicly known hanwe.eth wallet.
Once a bot automatically copied the inflated bid, Chang accepted it from his anonymous wallet and was able to pass on the NFTs at a significant markup.
Apparently, the owner of the bot known as elizab.eth responded to Chang's message claiming the funds were stolen and offered to discuss a 10% bounty if the funds were returned.< /p>
We would like to discuss a premium with you. We're offering a 10% bounty on all funds stolen from our bot, which you can keep if you return the remaining 90%
— elisab.eth ᅠᅠ (@ThinkingETH)What's Your Reaction?
