This is a hard rock life for a single cryptocurrency user. A clumsy keystroke and the actions of a sniper bot caused a million dollar error on March 10th.
A stone worth 444 ether (ETH), or $1.2 million, was sold to a bot for 444 wei ($0.0012), DinoDealer mixed up WEI and ETH. In a tweet, the seller said, “In one click, my entire net worth of around $1 million was gone.”
How is your week? Mine? I just misquoted @etherrock #44 for 444 wei instead of 444 eth♂️ The bot cut it in the same block and tried to flip it for 234 eth In one click, my entire net worth of ~$1M was gone. Is there any hope? Am I GMI? Can snipers show mercy? pic.twitter.com/yq9Itb2Ukb — Rock Dust (@dino_dealer) March 10, 2022
“Bot Sniper” refers to sniper bots that were originally used on eBay. Buyers who want to time their bid to the last second will use the tools, however, they are now actively participating in NFT listings. Popular freelance website Upwork now offers sniper tools for the NFT OpenSea platform for just $200.
Once the bot takes the NFT or digital receipt, there is no turning back. Blockchains are designed to be immutable, so simple mistakes like confusing ETH and WEI can be extremely costly.
Indeed, human error abounds in the world of cryptocurrencies. An unfortunate Bitcoin (BTC) user recently lost $10,000 (0.25 BTC) due to an error that could have been avoided if he had double-checked the recipient’s wallet address.
The DinoDealer seller seems to have come to terms with the loss by posting the address of the stone snipe bot. They highlighted the situation by uploading a new Twitter profile photo and adding a crying emoji after their Twitter username. Their avatar stands next to a gemstone crossed out in red.
More jokes came from DinoDealer’s futile attempt to contact “cryptocurrency customer service”. Their attempts to talk to members of the cryptocurrency community have been met with responses from suspicious users claiming help, offering email addresses and WhatsApp numbers.
Do not contact these numbers or email addresses.
The past month has been tumultuous with seemingly minor mistakes with potentially dire consequences. In some cases, a simple mistake can wipe out millions of dollars of market value, which is becoming more and more common.
Related: $800K NFT Rare Bears Discord Phishing Attack
White hat hacker Coinbase discovered a bug in Coinbase Pro code that could crash the market, while insane trading behavior from bots drained the launch of the WTF token by 58 ETH. “Poor management of the liquidity pool” left the launch unprotected.
In better days for DinoDealer, other cryptocurrency rock enthusiasts came to the rescue: one user sent a geologist seller a photo of a stone wearing glasses and headphones with the caption “mpher rock”.