22/07/2022 How An NFT Trader Lost $150K Trying to Troll Twitter Bots

A Bored Ape Yacht Club whale tried to have fun trolling Twitter bots but ended up self inflicting a 100-ether wound on himself.

A Bored Ape Yacht Club NFT owned by "Franklin".

Scams and frauds areubiquitous in crypto, but sometimes the biggest losses are those people inflict upon themselves. On Wednesday, one NFT trader suffered a spectacular loss of 100 ether, or $150,000, because of a joke gone wrong.

"This will be the joke and bag fumble of the century," tweeted Franklin, a pseudonymous NFT trader known for owning over 50 Bored Ape Yacht Club NFTs. "I deserve all of the jokes and criticism."

To understand Franklin's self-inflicted wound, you need to know about Ethereum Name Service. Ethereum wallets are by default 40 characters long -- 0x and then 38 random letters and numbers -- but ENS allows users to buy a name for their wallet. Instead of an ugly string of characters, my wallet could be CNET.eth. Anyone can mint a new ENS, provided the name isn't already taken, and they're owned as NFTs that can then be traded.

It's to crypto what domain names are to the internet; crypto traders buy wallet names for their aliases but also buy ENS domains like amazon.eth or nike.eth in the hopes those wallet addresses, like the website domains, will be worth a lot one day. (Porno.ethsold for $200,000.) There are several "ENS bot" accounts on Twitter, which report notable sales of ENS domains, such as the $90,000 purchase of samsung.eth last week.

On Monday, Franklin tried to amuse himself by getting Twitter bots to report a ludicrous ENS offer. His plan was to crowdsource a silly ENS name from his followers, mint it and then, using another wallet, offer 100 ether ($150,000) on theENS NFT on OpenSea. He hoped that offer would trigger the ENS bot. Franklin ended up minting "stop-doing-fake-bids-its-honestly-lame-my-guy.eth." The ploy worked; a few ENS sales bots tweeted out the fake bid.

After that, though, someone offered Franklin 1.891 ether ($2,890) for the ENS address. Franklin accepted the offer, calling it "the most surprising 1.891 ETH I have ever made." But he forgot to cancel the 100 ether bid he'd made from his second wallet, meaning the offer was still active. The buyer took advantage, purchasing the ENS address from Franklin for $2,890 -- and selling itbackto Franklin's second wallet for $150,000.

"I was celebrating my joke of a domain sale, sharing the spoils, but in a dream of greed, forgot to cancel my own bid of 100 ETH to buy it back," Franklin tweeted. "I didn't get 'botted.' I had plenty of time to cancel my offer, I just ran to Twitter, instead."

Arts

https://www.cnet.com/personal-finance/someone-lost-millions-trying-to-claim-2k-crypto-airdrop/

Interesting NFTs
T(r)opical
Inspired by and for the 2018 North American Bitcoin conference in Miami, Florida. The palm tree that has a cracked open Bitcoin coconut suggests that by traveling you can enjoy this tropical digital fruit. The peacock nesting in the tree has spread its wings to flaunt other integrated crypto logos as well. The famous Miami skyline at the bottom incorporates the coins, as well as the code that is transforming the banking buildings that made it. The origin of that skyline is in the 80's cocaine craze, so it is all incorporated into the story of foundational transformation, linked to a global movement. The file size is suitable for an 8K TV. Mr. Moe Levin, the founder of the conference is a collector a physical print of the work. Explainer video: https://www.youtube.com/watch?v=2J0ZfPCJdxY&feature=emb_title Upload resolution 8000x4000 PX at 300DPI
Gangnam Wanted Poster #5/25
3L-84574RD, One of the most dangerous robot in Cryptovoxel, last seen in Gangnam near the Rose Nexus. Reward 99000credits battery full or empty. Help us find him, share this!
#2921
By OthersideDeployer
Verifactory
The factory process behind the making of a verification badge. 10-second loop, 30 fps. Created using Cinema4D, X-Particles, TurbulenceFD, Redshift, and After Effects.
Tareq's 3rd Kitty
Uh, hi! I'm Tareq's 3rd Kitty. I want to live in a world where people believe the world is flat. When my owner isn't watching, I steal their silk scarves and use them for litter paper. I'm not sorry. I can't wait to wake you up at 4am for seemingly no reason.