How a cryptocurrency owner earned more than $ 1.5 million in Ethereum

YouTube blogger and trader Hanwe Chang said he earned 800 ETN (about $ 1.5 million) by tricking a competitor’s trading bot into buying his own NFTs.

In his post on H, Chang said that he noticed a bot copying his orders on the Blur NFT marketplace and decided to cheat it. A user named A Raving Ape suggested that Chang had purchased several Azuki NFTs with the same background color from a separate anonymous wallet.

After realizing that the trading bot was copying his trades, Chang placed an overbid on the NFTs stored on his anonymous wallet from his known hanwe. eth wallet.

After the bot automatically copied the overbid, Chang accepted it from his anonymous wallet and was able to sell the NFTs at a significant premium. The bot’s owner, known as elizab. eth, responded to Chang’s post claiming that the funds were stolen and offered to discuss a 10% reward if Hanweh returned the money.

According to lawyer Gabriel Shapiro, elizab. eth «may have legal claims» to get its ETH back after Chang’s stunt. However, a refund is only realistic if the plaintiff hires a qualified litigation lawyer.

In April of this year, a collector of non-fungible tokens accidentally purchased NFT worth $ 75 for $ 191,200. NFT is part of the Gemesis NFT collection owned by the OpenSea trading platform. Gemesis tokens were issued as a gift to users in honor of the launch of the OpenSea Pro platform for professional users. The minimum value of NFTs from the collection is 0.04 ETH. The trader’s bid was 250,000% higher than the minimum.