The little mistake that generated a millionaire loss in the NFT’s world.

User sold his NFT value for millions of dollars for pennies.

The «sniped bot» is a tool used by digital traders on NFT auction platforms to schedule their bid at the last second. Initially these bot snipers were used on the eBay auction site, now they are prolific on NFT listings. Popular freelance website Upwork now offers sniping tools for the OpenSea NFT platform starting at $200.

Blockchains are built to be immutable, once the bot gets hold of the NFT or the digital receipt, there is no going back, so making mistakes like confusing ETH and WEI can be very costly so you have to be very careful with the details that might seem insignificant, because they represent a big difference.

Another case of loss that could have been avoided if the details were taken care of, happened to an unlucky bitcoin (BTC) user, who lost USD 10,000 (0.25 BTC) because he was not checking the address of the receiving wallet.

Taking on the loss of it, The DinoDealer, publicly shared the address of the rock snipe bot. He uploaded a new Twitter profile picture in which his avatar appears next to the precious rock, crossed out in red.

As a result of Dino Dealer’s intention to contact the «cryptocurrency customer service», there was a thread of comments and jokes, by some members of the crypto community on Twitter, with suspicious intentions of helping, leaving their email contact and Whatsapp. A very risky situation given that the Blockchain system does not have a «Customer Service» department, since one of the things that characterizes the world of cryptocurrencies is anonymity and an algorithmic and automatic management structure, which no matter how much it is put into contact with the developers of Eth or Blockchain, an operation within the system is irreversible.

A white Coinbase hacker discovered a bug in the Coinbase Pro code that would have blown up the market, while the bots’ frenzied trading behaviors resulted in the launch of the 58 ETH WTF token. The mismanagement of the liquidity pool left the launch uncovered. Speaking of better days for DinoDealer, other crypto enthusiasts have come to his aid; One user sent him a photo of the rock wearing glasses and headphones, signed ‘mfer rocks’.

The crypto world has unleashed a very profitable and favorable ecosystem to earn a lot of money and even an intelligent and simple way to generate it, however it is important to be informed enough to protect our assets and avoid future millionaire losses.