NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    News

    Home » News » WTF token gets drained of 58ETH after a bot war ends with a winner

    WTF token gets drained of 58ETH after a bot war ends with a winner

    By Janelle BorgJanuary 14, 2022Updated:September 21, 20222 Mins Read
    Contents hide
    What’s fees.wtf and WTF Token?
    What’s the controversy about?
    So how can you ensure that this doesn’t happen to you?

    Fees.wtf has just released its WTF token as an airdrop. However, a healthy bidding competition soon turned sour when a bot disappeared with 58 ETH.

     

    WTF Token
    Fees.wtf are receiving backlash for pulling the Crypto version of Fyre Festival.
    Credit: @niklaseth

    What’s fees.wtf and WTF Token?

    Fees.wtf is a simple service that connects to users’ Ethereum wallet. Essentially, it tells users how much they spent on transaction fees over the history of their wallet. 17 hours ago, fees.wtf rolled out their WTF token in an airdrop. Fees.wtf users could claim WTF tokens, an official fees.wtf ‘rekt’ NFT, access to the upcoming Pro Dashboard at fees.wtf and a referral link with scalable ETH rewards.

    What’s the controversy about?

    The initial launch was supposed to offer 100 million WTF. Moreover, the developers added $WTF liquidity to the pool – specifically, 2211.46 $WTF. Soon after, a frantic bidding war started, driven by bots.

    Following frantic trading between bots, one bot disappeared with a reported 58 ETH, or $180,000 – drained from the wETH and WTF liquidity pool. Basically, it was a zero-sum game where one bot ended up victorious. Unfortunately, users reportedly lost thousands of dollars.

    So how can you ensure that this doesn’t happen to you?

    @cat5749 gave CryptoTwitter a couple of useful tips: “Unless you’re attempting to bot the initial liquidity, don’t FOMO into buying a newly launched altcoin with high slippage. If you purchased during the initial chaos, the price swings would have destroyed you.

    For free airdrops like these, there’s no point stressing over what could have been. If you were fortunate enough to claim a big amount of $WTF and cash it out for a profit, be happy. I know someone’s going to be pedantic about the 0.01 ETH “service fee”, but really now.” After all, a 0.01ETH service fee is nothing compared to one user’s  $430,000 fee for a failed Ethereum transaction!

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    nft twitter
    Previous ArticleDeFi Land enhances blockchain education through its Play-to-Earn model
    Next Article Lil’ Heroes NFT collection: Global music icon J Balvin among star collectors
    Janelle Borg
    • Website

    Janelle is a freelance content writer with a passion for all things related to music, marketing and tech. She looks forward to bringing you more news relating to the fast-paced world of Crypto and NFTs from her home office in Brighton.

    More great NFT Evening content:

    Proof Collective’s Ex-COO Ryan Carson Accused of Unethical Dealings with Flux Fund Announcement

    February 6, 2023

    Rug Radio x Cory Van Lew PFPs are Minting Today!

    February 6, 2023

    NFT Market Makes a Comeback with $945 Million in January Sales

    February 6, 2023

    World of Women’s Artfest Starts Today With ‘Artfest Winter’

    February 6, 2023

    Alo Yoga Offers Free ‘Digital Twin’ NFTs for Aspen Collection Buyers

    February 6, 2023

    Are These NFT Twitter Accounts Liking Your Posts? It’s a scam!

    February 6, 2023

    NFTs Driving Change: How Rejell Is Advocating Climate Action With Its First NFT Drop

    February 5, 2023

    Logan Paul Hit With Lawsuit Over Alleged CryptoZoo Rug Pull

    February 4, 2023
    Latest NFT News

    Proof Collective’s Ex-COO Ryan Carson Accused of Unethical Dealings with Flux Fund Announcement

    February 6, 2023

    Rug Radio x Cory Van Lew PFPs are Minting Today!

    February 6, 2023

    NFT Market Makes a Comeback with $945 Million in January Sales

    February 6, 2023

    World of Women’s Artfest Starts Today With ‘Artfest Winter’

    February 6, 2023

    Alo Yoga Offers Free ‘Digital Twin’ NFTs for Aspen Collection Buyers

    February 6, 2023

    Takashi Murakami x Hublot Drop NFTs Linked To Physical Watches

    February 6, 2023

    Louis Vuitton x Yayoi Kusama To Drop 10,000 NFTs

    February 6, 2023

    Are These NFT Twitter Accounts Liking Your Posts? It’s a scam!

    February 6, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.