Settings

Theme

More blockchain sandwich attacks and victim becomes predator

twitter.com

4 points by justjonathan 5 years ago · 2 comments

Reader

justjonathanOP 5 years ago

Another example of the dangers of "risk free" aggression in DeFi Land: https://twitter.com/SiegeRhino2/status/1381035640989626369

Some choice excerpts:

"a bot paid a hefty 68 ETH fee to the miner in order to buy 100 ETH worth of KTN before anyone can..."

"The catch is ... there is a line in the code that says that liquidity snipers can't dump their tokens..."

"The @kattanatrade team even published the source code, with the "LiquidityTrap" feature, which prevents sniper from dumping their token."

justjonathanOP 5 years ago

This is an update in the war started by: https://news.ycombinator.com/item?id=26514624

"The owner of the first poisonous token noticed their victim was the latest predator on the block and they dropped a cryptographically signed note of respect in the Flashbots discord":

From: https://etherscan.io/verifySig/2503 : Congratulations 0x2, looks like I was sloppy and left some money on the ground. You have my respect, not a lot of people react like you did.

Keyboard Shortcuts

j
Next item
k
Previous item
o / Enter
Open selected item
?
Show this help
Esc
Close modal / clear selection