Tag: BOTS

A Bored Ape NFT Sold For 0.75ETH By Mistake. Another Sold For 347ETH, But Wait…

by NEWSBTC

The second most popular NFT collection, Bored Ape Yacht Club, is back on the news. On the one hand, a deadly mistake cost a pseudonymous user more than $250K. On the other, a feelgood story of a diamond-hand holder that minted a Bored Ape seven months ago and just sold it for over $1M. Or did he? The deal is tainted by a suspect second transaction that the community immediately detected. 

Related Reading | The Sandbox Purchase Bored Ape Yacht Club NFT for More Than $2.9 Million

Exciting beginning of the week in the Yacht Club, and NewsBTC has all the juicy details on both stories. 

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A Costly-Costly Mistake In The Bored Ape Yacht Club

Maxnaut’s membership to the Yacht Club has been revoked. This person’s distraction while listing his Bored Ape for 75ETH, lead him to actually list it for 0.75ETH. A bot immediately snatched it, paying an extra high transaction fee to ensure the extremely profitable buy. Not only that, the bot listed it for 88 ETH straight away. Forget the Roomba and those goofy Boston Dynamics robots, this is the most useful and effective bot ever created. 

The ex-owner, Maxnaut, told Cnet:

“I list a lot of items every day and just wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse but a bot sent a transaction with over 8 eth [$34,000] of gas fees so it was instantly sniped before I could click cancel, and just like that, $250k was gone.”

A horror story if we ever heard one. Multitasking takes another victim. 

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ETHUSD price chart for 12/13/2021 - TradingView

ETH price chart for 12/13/2021 on Kraken | Source: ETH/USD on TradingView.com

From Diamond Hands To Millionaire, But Wait…

Only 10.000 Bored Apes exist. All of them were minted for 0.08ETH each. The photographer John Knopf was one of the lucky people that believed in the project from the get-go and was greatly rewarded. This is his story. “I bought my ape for .08 on minting night and just sold it for 347 ETH. (…) I am crying so much. Thank you Bored Ape Yacht Club for completely changing my life and everyone in the community!”

The person who told him to buy completes the heartwarming story. “Going from degening into Bored Ape Yacht Club because I liked the art, to telling John Knopf to ape in that fateful Friday night (…) I’m so so so happy for you. Massive. Massive for you, and for the BAYC community.”

But wait, what is this? The Ethereum blockchain shows that John Knopf sent 230 ETH back to the wallet that bought his Bored Ape.

But wait, what is this? The owner of the wallet did send a message to John Knopf through the blockchain asking him to return the funds. Apparently, he was trying to make a bid and made a million Dollar mistake.

The New Bored Ape Owner Shared His Side Of The Story

A few days later, Deepak Thapliyal, the Bored Ape 9452’s new owner, told his story. “I decided I wanted this ape no matter what (…) I knew I wanted it, so originally I moved 655 ETH into my wallet because I was actually prepared to buy it at full ask.”

He wasn’t actually making a bid, but checking John Knopf’s wallet activity in Etherscan. However, “After I placed my originally bid, I had to move 230 ETH to another wallet in mobile. I _thought_ the copy button for the address I was sending too was pressed properly. PS: I was multi tasking.” Here we go, multitasking takes another victim. 

Deepak found Knopf’s on Twitter, and “I tweeted at him and he followed so I could DM him. I explained my story and told him how I wanted his ape. He quickly informed me he had no intentions to keep my money and would send it back. He asked if I wanted the ape still which I said “yes”.” They agreed on a price and the rest is history. “Funny story to tell my kids one day when I give them this ape.  Thanks to John for being a standup guy and returning my ETH.”

Facts And Burning Questions

And that’s pretty much it. Do you buy Deepak Thapliyal’s story? Was it an innocent mistake? Or do you think he and Knopf were up to something? The high price buy raises all of the Bored Ape’s prices, specially Bored Ape 9452’s value. However, the blockchain doesn’t lie and Knopf ended up with 347 ETH total.

Related Reading | Miramax Sues Quentin Tarantino Over “Pulp Fiction” NFTs. Tarantino Moves Forward

You have all the facts and every side of the story. Reach your own conclusions.

Featured Image: Screenshot from the Bored Ape's website | Charts by TradingView

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Civic launches free tool to combat NFT-hungry bots on Solana

by Cointelegraph

Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops.

According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases.

Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being issued to their wallet address upon completion. The pass also remains active for 24 hours to “limit the options of malicious botters verifying multiple wallets. ”

The website also outlined that “Civic does not store this video selfie,” but does not clarify if the data is deleted or stored elsewhere.

The Ignite Pass is a free version of the firm’s suite of know-your-customer (KYC) and anti-money laundering (AML) compliance tools, Civic Pass. The tools are designed for decentralized finance (DeFi) platforms, NFT marketplaces and public blockchains.

Civic Technologies CEO Chris Hart emphasized the revolutionary capabilities that nonfungible tokens have recently unlocked for artists, lamenting the negative impact that bots are having on creators:

“Bots are more than a nuisance — they’re destroying the trust that communities have built as well as the future prospects of its creators.”

Bots gone wild

In February earlier this year, Dapper Lab’s NBA Top Shot was forced to delay the launch of a new series of Premium Packs due to high levels of botting activity on the platform.

The following month, many users of the MoonCats NFTs were complaining that the project had become overrun by bots programmed to accumulate new cats the moment they dropped online.

In response to the botting, MoonCat developers Ponderware held a vote on whether to destroy a private key holding a collection of rare unreleased MoonCat NFTs or not, with 72% of the community voting “yes” during the 48-hour poll.

September saw TIME Magazine sell out of 4,676 NFTs in less than one minute, with Paradigm researcher Anish Agnihotri attributing the rapid sales to botting activity:

“Many folks knew the mainnet deploy in advance and were able to plan ahead to bot their transactions.”

Related: FarmVille NFTs on the horizon? Zynga hires new VP for blockchain gaming

A surge in activity from bots targeting Grape Protocol’s Initial DEX Offering (IDO) also caused the Solana network to go offline for roughly 17 hours in September.

The Solana Foundation characterized the incident as a “denial of service attack,” estimating the bots had spammed the network with a transaction load of roughly 400,000 every second.