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He put his $2 million up for sale, but he configured it wrong so it got bought for 5 cents. Someone else now has the $2 million. (wouldn't be surprised if it w
by 5350-uiop-1130 4y ago
He put his $2 million up for sale, but he configured it wrong so it got bought for 5 cents. Someone else now has the $2 million.
(wouldn't be surprised if it was an inside job from kyberswap.)
- pksebben 4y agoImagine the absolute glee of the purchaser.
- Waterluvian 4y agoI’m guessing it was automatically bought by someone looking for these errors?
- 3np 4y agoNot precisely: The user initiated the swapping transaction (as opposed to putting up an order which got matched later). The MEV bot making profit happened separately post-settlement.
- deleted 4y ago[deleted]
- 5350-uiop-1130 4y ago"ELI5"
- charcircuit 4y agoSteve has 1/20th of an apple and a nickle. Steve doesn't know that an apple should be worth $1. Tom asks Steve how much Steve would pay for 2 million apples. Steve says he would pay a nickle. Tom despite knowing 2 million apples is worth 2 million dollars agrees to sell 2 million apples for a nickle. Since Steve is broke he is willing to sell those 2 million apples for $1.45. Allice is a bargain hunter and looks out for any good deals. She sees Steve offering $2 million worth of apples for $1.45 and gets first in line to make the deal. In order to make sure she is first in line she pays $30k to the security guard who is managing the line.