A news trader bribed a node with $36,000 and paid gas fees to frontrun and buy $牛来, then sold. He intended to profit from the frontrun, but ended up losing $14,000 instead 😂
Today at 19:30, Binance published a listing announcement for $牛来. In the very first second after the announcement, he paid the node BNB48 Club a bribe of 42.4 BNB (=$31,000). He used a private RPC channel to frontrun, buying 1.422 million $牛来 with 200 BNB (=$150,000) at a price of $0.1. To ensure transaction priority and success rate, he also paid an exorbitant gas fee of 6.87 BNB (=$5,150).
Then, over the next 15 minutes, he sold everything at a price of $0.12 and received 172,000 USDT (U). $150,000 bought, sold back for $172,000. It looks like he made a $22,000 profit, right? But his bribe fee plus gas fee totaled $36,000, so in the end he actually lost $14,000.
In reality, he still bought at the very front ($0.1). All we can say is that this time the rise for $牛来 wasn’t big enough, or he didn’t buy enough—the profit couldn’t cover the high node bribe and gas fees he paid.
Address: 0xb3192791af7bb228f76b94c61b6967f4bd9c597f
Today at 19:30, Binance published a listing announcement for $牛来. In the very first second after the announcement, he paid the node BNB48 Club a bribe of 42.4 BNB (=$31,000). He used a private RPC channel to frontrun, buying 1.422 million $牛来 with 200 BNB (=$150,000) at a price of $0.1. To ensure transaction priority and success rate, he also paid an exorbitant gas fee of 6.87 BNB (=$5,150).
Then, over the next 15 minutes, he sold everything at a price of $0.12 and received 172,000 USDT (U). $150,000 bought, sold back for $172,000. It looks like he made a $22,000 profit, right? But his bribe fee plus gas fee totaled $36,000, so in the end he actually lost $14,000.
In reality, he still bought at the very front ($0.1). All we can say is that this time the rise for $牛来 wasn’t big enough, or he didn’t buy enough—the profit couldn’t cover the high node bribe and gas fees he paid.
Address: 0xb3192791af7bb228f76b94c61b6967f4bd9c597f
