Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

2025-06-02

Solana (SOL) keeps falling – is a reversal in sight?

2025-06-02

Goplus Security reveals Goplus-MCP, the first AI-Native Security Layer for Web3

2025-06-02
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Goplus Security reveals Goplus-MCP, the first AI-Native Security Layer for Web3

    2025-06-02

    Solana to get the first Kaito-like Mindshare Leaderboard

    2025-06-01

    In and Ecocreds partner to stimulate transparent, blockchain-driven sustainability

    2025-06-01

    IQ AI and OpenLedger work together to improve intelligent automation

    2025-06-01

    Ripple makes a fundamental statement about blockchain -transforming finances

    2025-06-01
  • NFT

    NFT -Market sees mixed results, polygon leads while Ethereum Collections is back

    2025-06-01

    Performance Art Duo Operator ‘Make Movement Collectible’ with NFTS

    2025-05-31

    NFT -Market sees $ 3.91 million volume on OpenSea in the midst of cryptopunks’ dominance

    2025-05-31

    Courtyard Bovent the turnover, Doodles leads in growth

    2025-05-29

    Under exposed EP 27 – Macro, Alt SZN and the Hype trade

    2025-05-28
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

    2025-06-02

    Bitcoin Price Eyes New winnings – Does the next leg be higher?

    2025-06-01

    Bitcoin will explode to new all time High, just like traders are super bearish to btc, according to analyst

    2025-06-01

    Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

    2025-06-01

    Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

    2025-06-01
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»Automation Works…Until it Doesn’t (A Cautionary Tale)
Web 3

Automation Works…Until it Doesn’t (A Cautionary Tale)

2023-08-08No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL;DR

  • Hanwe Chang (aka ‘hanwe.eth’) noticed someone was copying his bids on the NFT marketplace, Blur. So, in his words, he “decided to trick them.”

  • He set up a second account, transferred 12 Azuki NFTs, and made a ‘dummy bid’ of 50ETH (~$91,000USD) on each NFT with his hanwe.eth account.

  • The bot saw this, and beat the bid, winning each for about 10x what they were worth.

  • The bot’s owner, “elizab.eth,” then came forward on Twitter, claiming the “funds were stolen form [their] bot.”

Full Story

Last week we wrote about how “automation works…until it doesn’t.”

Folks, it’s 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).

Here’s what happened:

Hanwe Chang (aka ‘hanwe.eth’) noticed someone was copying his bids on the NFT marketplace, Blur.

So, in his words, he “decided to trick them.”

He set up a second account, transferred 12 Azuki NFTs, and made a ‘dummy bid’ of 50ETH (~$91,000USD) on each NFT with his hanwe.eth account.

The bot saw this, and beat the bid, winning each for about 10x what they were worth.

The bot’s owner, “elizab.eth,” then came forward on Twitter, claiming the “funds were stolen form [their] bot.”

🤔

The two traders are discussing the possibility of a bounty and elizab.eth said Chang could keep 10% of the funds if he agreed to return the rest.

If that doesn’t work out, elizab.eth has said the matter will be taken to court.

See also  DAOs are now giving out Christmas bonuses (kind of... Save explanation)

As we said folks, automation works…until it doesn’t.

Stay safe out there!



Source link

automation cautionary Doesnt tale Works...Until
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Claim your cute, wild side with .bunni 🐰

2025-06-02

Ekouaer launches the special edition of the wedding season and joins the button register

2025-06-01

IQ AI and OpenLedger work together to improve intelligent automation

2025-06-01

Reach new highlights with .ath: the domain for high-flyers

2025-06-01
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin Mirrors 2017 Cycle – Why Hodling might still be your best strategy

2025-03-13

Bitcoin: If Global M2 goes ‘parabolic’, is BTC ready to explode?

2025-04-05

OKX web3 has launched an official Dune dashboard for DEX

2024-12-19
Editors Picks

Bitcoin follows gold as both rise to their highest values ​​since August

2023-10-20

Will Dogecoin trade within a range or can the bears force a breakdown?

2023-05-13

Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

2025-05-21

Uni -prize resilience gets traction – will it break through resistance?

2025-03-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

Solana (SOL) keeps falling – is a reversal in sight?

Goplus Security reveals Goplus-MCP, the first AI-Native Security Layer for Web3

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,996.760.61%
  • ethereumEthereum(ETH)$2,495.54-0.89%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.17-0.11%
  • binancecoinBNB(BNB)$658.060.41%
  • solanaSolana(SOL)$155.660.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1913620.61%
  • tronTRON(TRX)$0.2706000.64%
  • cardanoCardano(ADA)$0.680.70%
  • suiSui(SUI)$3.280.14%
  • hyperliquidHyperliquid(HYPE)$33.111.65%
  • chainlinkChainlink(LINK)$13.870.04%
  • avalanche-2Avalanche(AVAX)$20.67-0.47%
  • stellarStellar(XLM)$0.266037-0.38%
  • bitcoin-cashBitcoin Cash(BCH)$403.97-0.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.52-1.85%
  • the-open-networkToncoin(TON)$3.14-0.56%
  • shiba-inuShiba Inu(SHIB)$0.000013-0.53%
  • hedera-hashgraphHedera(HBAR)$0.1692590.31%
  • litecoinLitecoin(LTC)$87.991.23%
  • moneroMonero(XMR)$346.336.04%
  • polkadotPolkadot(DOT)$4.03-0.80%
  • bitget-tokenBitget Token(BGB)$4.730.69%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000012-0.55%
  • piPi(PI)$0.640.18%
  • uniswapUniswap(UNI)$6.11-2.20%
  • aaveAave(AAVE)$240.73-0.46%
  • bittensorBittensor(TAO)$408.96-4.82%
  • okbOKB(OKB)$50.05-0.21%
  • aptosAptos(APT)$4.74-0.30%
  • nearNEAR Protocol(NEAR)$2.42-0.02%
  • crypto-com-chainCronos(CRO)$0.1044911.36%
  • ondo-financeOndo(ONDO)$0.830.11%
  • internet-computerInternet Computer(ICP)$4.90-0.43%
  • ethereum-classicEthereum Classic(ETC)$16.940.27%
  • gatechain-tokenGateToken(GT)$19.17-0.76%
  • mantleMantle(MNT)$0.68-0.35%
  • kaspaKaspa(KAS)$0.0863151.12%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.19-0.18%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.214442-0.33%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • vechainVeChain(VET)$0.024172-0.18%
  • render-tokenRender(RENDER)$3.85-3.01%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.751.23%
  • ethenaEthena(ENA)$0.305695-2.13%
  • worldcoin-wldWorldcoin(WLD)$1.130.26%
  • filecoinFilecoin(FIL)$2.54-1.08%