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HomeNFTsNFT Dealer Hanwe Chang Tricky Bot into $1.5M Rip-off

NFT Dealer Hanwe Chang Tricky Bot into $1.5M Rip-off

In a exceptional twist that has captivated the Crypto group’s consideration, an NFT dealer named Hanwe Chang performed it sensible on the NFT market Blur. He offered an NFT for 800 ETH value $1.5 million.

Nonetheless, the extraordinary technique creates a buzz about whether or not that is authorized and moral.

Fast Takes:

  • NFT dealer Hanwe Chang gained $1.5 million on the NFT platform Blur.
  • The participant detected a bot copying his bids and manipulated it into shopping for his NFT.
  • Chang’s technique concerned his information of how one can make the bot mimic his conduct on-line.

Who’s Hanwe Chang, and what did he do?

Hanwe Chang is an professional dealer with a rising presence on social platforms like Twitter, the place he disclosed his masterstroke on the fifth of August. He had detected a rival bot copying his bids on Blur and determined to play sensible with that bot.

Hanwe Chang shared a tweet, sharing how he determined to trick the bot into shopping for his NFT.

The buying and selling recreation performed out on Blur, a market that gained traction by means of gamified incentives and rewarding customers with tokens. Furthermore, Chang’s technique succeeded resulting from his experience in bidding on NFTs with particular traits.

Moreover, the act concerned making the bot mimic his bidding conduct. By strategically putting a bid on his personal NFTs, he tricked an unsuspecting dealer into buying Azuki NFTs at an inflated worth.

Hanwe Chang’s Intelligent Transfer

A second arrived when 12 Azuki NFTs that includes an identical “Off White A” background colours have been concurrently offered. Additionally, these have been offered for 50 Ethereum every, valued at $91,500 apiece. Nonetheless, this marked a considerable markup in comparison with a earlier sale of the same Azuki NFT for five Ethereum, roughly $9,000. A Raving Ape additionally shared his speculations by means of his tweet.

As well as, these 12 NFTs have been clustered inside Chang’s digital pockets. Additionally, with a notable portion of income, he funneled them to the pockets labeled “hanwe.eth” through the Ethereum Title Service, as per Ethercan.

Apparently, the bot’s proprietor referred to as “elizab.eth” responded to Chang’s tweet with allegations of stolen funds and provided a ten% bounty if the funds have been returned.



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