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WTF token gets drained of 58ETH after a bot war ends with a winner

Charges.wtf has simply launched its WTF token as an airdrop. Nonetheless, a wholesome bidding competitors quickly turned bitter when a bot disappeared with 58 ETH.

 

WTF Token
Charges.wtf are receiving backlash for pulling the Crypto model of Fyre Pageant.
Credit score: @niklaseth

What’s charges.wtf and WTF Token?

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Fees.wtf is a straightforward service that connects to customers’ Ethereum pockets. Primarily, it tells customers how a lot they spent on transaction charges over the historical past of their pockets. 17 hours in the past, charges.wtf rolled out their WTF token in an airdrop. Charges.wtf customers might declare WTF tokens, an official charges.wtf ‘rekt’ NFT, entry to the upcoming Professional Dashboard at charges.wtf and a referral hyperlink with scalable ETH rewards.

What’s the controversy about?

The preliminary launch was supposed to supply 100 million WTF. Furthermore, the builders added $WTF liquidity to the pool – particularly, 2211.46 $WTF. Quickly after, a frantic bidding warfare began, pushed by bots.

Following frantic buying and selling between bots, one bot disappeared with a reported 58 ETH, or $180,000 – drained from the wETH and WTF liquidity pool. Mainly, it was a zero-sum recreation the place one bot ended up victorious. Sadly, customers reportedly misplaced 1000’s of {dollars}.

So how can you make sure that this doesn’t occur to you?

@cat5749 gave CryptoTwitter a few helpful ideas: “Except you’re making an attempt to bot the preliminary liquidity, don’t FOMO into shopping for a newly launched altcoin with excessive slippage. In case you bought throughout the preliminary chaos, the value swings would have destroyed you.

At no cost airdrops like these, there’s no level stressing over what might have been. In case you had been lucky sufficient to say an enormous quantity of $WTF and money it out for a revenue, be comfortable. I do know somebody’s going to be pedantic concerning the 0.01 ETH “service payment”, however actually now.” In spite of everything, a 0.01ETH service payment is nothing in comparison with one consumer’s  $430,000 payment for a failed Ethereum transaction!

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