TL;DR
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Hanwe Chang (aka ‘hanwe.eth’) noticed someone copying his bids on the NFT marketplace, Blur. So, in his words, “he decided to deceive them.”
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He created a second account, transferred 12 Azuki NFTs and made a ‘dummy bid’ of 50ETH (~$91,000USD) on each NFT using his hanwe.eth account.
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The bot saw this and beat the bid, winning each for about 10x what they were worth.
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The owner of the bot, “elizab.eth”, then came forward on Twitter, claiming that the “funds have been stolen form [their] robot.”
Full story
Last week we wrote about how “automation works…until it stops working.”
Folks, it happened again.
It happened on a much smaller scale than the Curve exploit – this time people on Twitter X called it “PvP” (i.e. player vs player; NFT trader vs NFT trader).
This is what happened:
Hanwe Chang (aka ‘hanwe.eth’) noticed someone copying his bids on the NFT marketplace, Blur.
So, in his words, “he decided to deceive them.”
He created a second account, transferred 12 Azuki NFTs and made a ‘dummy bid’ of 50ETH (~$91,000USD) on each NFT using his hanwe.eth account.
The bot saw this and beat the bid, winning each for about 10x what they were worth.
The owner of the bot, “elizab.eth”, then came forward on Twitter, claiming that the “funds have been stolen form [their] robot.”
🤔
The two traders discuss the possibility of a bounty and elizab.eth said Chang could keep 10% of the money if he agreed to return the rest.
If that fails, elizab.eth has said the case will be taken to court.
Like we said folks, automation works… until it stops working.
Stay safe out there!