NFT Trader Nets 800 Ethereum (ETH) Worth Almost $1,500,000 After Executing Perfect Plan To Trick Bot

A shrewd trader has revealed how they managed to secure nearly $1.5 million worth of Ethereum (ETH) by outsmarting a trading bot on the non-fungible token (NFT) marketplace, Blur.

The trader, known as Hanwe Chang, noticed that a bot was copying all of their trades on the Blur platform. In response, Chang devised a strategy to capitalize on the situation.

Chang reportedly acquired NFTs from popular artist Azuki and then placed significantly inflated bids on them from a separate wallet. The intention was to entice the bot into copying these bids. Once the bot mimicked the inflated bids, Chang swiftly sold the Azuki NFTs to the bot at these artificially high prices. This enabled Chang to sell NFTs that previously had top bids of under five ETH for 50 ETH each.

The trader's profits seem to have been transferred to an Ethereum address labeled as Hanwe.eth, based on data from the blockchain scanner Etherscan.

Gabriel Shapiro, the general counsel at Delphi Labs, a Web3 development firm, noted that the individual operating the bot, identified as @ThinkingETH on the platform X, might have potential legal options to reclaim their ETH through legal action, suggesting that the complexities of the situation could involve more nuanced legal considerations beyond the typical discourse on social media.

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