“Fragers develop fake tokens with hidden backdows for attacks on trade-in-a-bots engaged in snipping. Kan Lee of Certik told this in an interview with Certik. This trading software monitors onchin activity to search for new coins and buys assets in the first seconds, as soon as liquidity appears. Profit is made from the further increase in price. The expert noted that Shi-bots are “not stupid” and programmed to analyze the threats of security. However, it does not interfere with the skamers successfully […]”, – WRITE: Businessua.com.ua
Fragers develop fake tokens with hidden backdows for attacks on trade-in-a-bots engaged in snipping. Kan Lee of Certik told this in an interview with Certik.
This trading software monitors onchin activity to search for new coins and buys assets in the first seconds, as soon as liquidity appears. Profit is made from the further increase in price.
The expert noted that Shi-bots are “not stupid” and programmed to analyze the threats of security. However, this does not interfere with the scammers successfully use the “bait and substitution” method.
The attackers promote a new coin in the community of traders and after several purchases make Rug Pull.
According to the expert, the fraud is targeted at the automated software and threatens losses of tens of millions of dollars. Skamers are not afraid of legal consequences and “simply continue to kill” bots, using the absence of great casualties.
“Neither law enforcement officers nor regulators, no one to this work,” Lee said.
Recall that Merkle Science analysts dismantled the basic tactics that fraudsters and extortionists in the crypto industry used in 2024.
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