It is a difficult life for a crypto user. A clumsy keystroke and the action of a sniper bot caused millions of dollars in mistakes on March 10.
A rock worth 444 ether (ETH), or $1.2 million, sold for 444 Wei ($0.0012) to a bot because the seller, DinoDealer confused WEI and ETH. In a tweet, the seller said “in one click my entire ~$1 million net worth is gone.”
How’s your week?
Mine? I just listed wrong @etherrock #44 gives 444 wei instead of 444 eth♂️
The bot shot it in the same block and tried to flip to find 234 eth
In one click my entire ~$1 million net worth disappeared
Is there any hope?
Am I a GMI?
Can snipers show mercy? pic.twitter.com/yq9Itb2Ukb
– Rock dust (@dino_dealer) March 10, 2022
“Bot sniped” refers to bot snipers, originally having use on the eBay auction site. Buyers who want to time their bids to the last second will use these tools, however, they are now heavily on NFT listings. Popular freelance site Upwork now lists bot sniping tools for NFT OpenSea’s platform small is 200 dollars.
Once the bot obtains the NFT or digital receipt, there is no going back. Blockchains are built to be immutable so simple mistakes, such as confusing ETH and WEI, can be extremely costly.
The seller, DinoDealer, seems to have accepted the loss, publicly sharing the address of the rock bot snipe. They clarified the situation by uploading a new Twitter profile picture and adding a crying emoji behind their Twitter handle. Their avatar stands next to the gem, crossed out in red.
More jokes came from DinoDealer’s futile attempt to reach out to “crypto customer service”. Their efforts to speak to members of the crypto community were met with replies from suspicious users intent on helping, providing email addresses and WhatsApp numbers.
Do not contact these phone numbers or email addresses.
The past month has caused a stir because seemingly small errors can have dire consequences. In some cases, a simple mistake that can wipe out millions of dollars in market value is increasingly common.
A white Coinbase hacker discovered a bug in the Coinbase Pro code which may have fooled the market, while trading bots frantic acts that exhausted the WTF token launch process was 58 ETH. “Low liquidity team management” caused the launch to be exposed.
In better days for DinoDealer, other crypto rock enthusiasts have supported him, one user sent the geologist to the salesman image of the rock with glasses and headphones, signed “rock mfer.”
https://cointelegraph.com/news/1-million-rock-nft-sells-for-a-penny-in-all-ore-nothing-error $1 million worth of NFT rock sold for a penny in all bug-free ore