One crypto user lives a tough life. One clumsy keystroke, combined with the actions of a bot to sniper, caused a $1 million mistake on March 10.
A rock worth 444 ether, or $1.2million, was sold for 444 wei ($0.0012). DinoDealer, the bot who sold it, misunderstood WEI and ETH. The seller tweeted that “in one click, my entire net worth ($1,000,000) was gone.”
What’s your week like? Mine? My mistake. I listed @etherrock #44 at 444 wei. It should have been 444 eth Bot. I was trying to flip it for 234 Eth. In just one click, my entire net worth of over $1million dollars disappeared. Is there any hope? Do I have a GMI? Are snipers allowed to show mercy? pic.twitter.com/yq9Itb2Ukb
— Rock dust (@dino_dealer), March 10, 2022
Bot snipers are the term for bot snipers. They were first used on eBay. These tools were initially used by buyers who wanted to time their bids to the second. However, they are now very popular on NFT listings. Upwork lists bot sniping tools on the NFT platform OpenSea starting at $200.
Once the bot has taken the NFT, or digital receipt, there is no turning back. Because blockchains are immutable, simple errors, such as confusing ETH with WEI, can lead to huge financial losses.
Human error is a common occurrence in the crypto-world. A Bitcoin (BTC), user lost $10,000 (0.25 BTC). This mistake could have been avoided if they double-checked their receiver address.
DinoDealer seems to have made peace with the loss by publicly sharing the address for the bot snipe of the rock. The seller, DinoDealer, made light of the situation and uploaded a new profile picture to Twitter. They also added a crying emoticon after their Twitter handle. Their avatar is next to the precious stone, which has been crossed in red.
DinoDealer’s latest Twitter photo with cancelled and sad rocks in the background. Source: Twitter
DinoDealer’s futile attempts to contact the “crypto customer support” were met with mocking replies, including WhatsApp numbers and email addresses.
Screenshots from the conversations DinoDealer had “crypto customer support”. Source: Twitter
These numbers and email addresses are not to be reached.
For seemingly minor mistakes, the past month was turbulent with potentially devastating consequences. Sometimes, a simple error can cause market value to plummet by millions. This is becoming more common.
Similar: Rare Bears Discord Phishing Attack nabs $800K In NFTs
Coinbase white hacker found a flaw in the Coinbase Pro code that could have caused market panic. Meanwhile, bot trading and frantic bot trading destroyed the WTF token launch of the 58 ETH. The launch was exposed by poor liquidity pool management.
DinoDealer has had better times. Other crypto rock enthusiasts have helped him. One user sent the geologist salesman a photo of the rock, with headphones and glasses, and signed “mfer rock.”
One million dollars is a lot of consolation. Source: Etherscan