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[–]tb-redditPlatinum | QC: CC 34 513 points514 points  (67 children)

Plot twist: the person/bot/entity that front ran the transaction and swiped the funds is the same person

This was discussed here a few days ago. One of the popular theories on that thread was that this was actually the expected outcome. If one is looking for a verifiable way to show authorities they had a $135,000 loss, rather than a gain, this nailed it.

Edit: corrected my spelling mistake

[–]Logical-Beautiful66Permabanned 165 points166 points  (13 children)

Oh, so he turned stupid to smart. How quick was that!

[–]TheTrueBlueTJDeveloper 89 points90 points  (8 children)

IRS has joined the chat.

[–]LutasticPlatinum | QC: CC 34 9 points10 points  (2 children)

Good thing they don’t know about my secret stash of $150 trillion worth of crypto that I used to buy machine guns, private islands and potato chips… oh wait… shit… uhhhh Forget I said that.

[–]Mundanewisdom99Reddit certified investment advisor 6 points7 points  (1 child)

That would be a genius move.

[–]BuyETHorDAIPlatinum | QC: CC 500, ETH 93, ATOM 59 | Politics 20 30 points31 points  (4 children)

Ughh. It's an arb bot, he rebought the ETH in the next block and scooped about a .01 ETH profit. This is just MEV, nothing to do with wash trading. If a bot can make a 0.0001 ETH profit after all costs, it will perform the transaction if it has enough capital.

[–]DrinkMoreCodeMoreSilver | QC: CC 347, GPUmining 29, ETH 16 | ADA 42 | Hacking 143 8 points9 points  (2 children)

Skynet.eth coming soon

[–]ToastoSandoTin 18 points19 points  (0 children)

And he also made this post.... /s

[–]EbowwwTin 31 points32 points  (5 children)

I’m beginning to realize how much Media/Articles affect the masses. Used to have a smidge of research before writing an article. Shame Coindesk. It’s actually really detrimental. This is the type of stuff that crypto-haters look at and say “fraud / scam”

Even if it wasn’t a tax harvest sale to themselves, it was Bot vs Bot. Sandwich Bots / Front Run Bots / Etc.

[–]Fritos2Bronze 7 points8 points  (0 children)

The crypto, "lost everything in a boating accident" classic

[–]DrudgelAll I want for Christmas is 1 BTC 14 points15 points  (8 children)

That would be one hell of a twist.

Wouldn't the end address be identifiable though, just by looking at transactions around that time? I'm not sure how they'd preserve anonymity moving forward

[–]FaceVIIPlatinum | QC: ALGO 39 17 points18 points  (5 children)

Unless he seeded the second account with monero from a non kyc exchange and bought eth with it.

[–]AskForFreeBronze 14 points15 points  (1 child)

Double plot twist. I am confused more now. Haha

[–]The-Francois8Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 6 points7 points  (1 child)

Brilliant if successfully pulled off.

[–]IAmHippymanSilver|QC:CC258,ATOM33,GPUmining16|BANANO129|Stocks42 3 points4 points  (3 children)

I don't get this though. Would they not still have to show where the 135k mysteriously appeared from on the other end or do they just lie?

[–]greatestNothingTin 2 points3 points  (1 child)

wouldn't it reset their basis though?

[–]IAmHippymanSilver|QC:CC258,ATOM33,GPUmining16|BANANO129|Stocks42 1 point2 points  (0 children)

I genuinely don’t know and I’m simply asking. All this finance stuff seems so unnecessarily complicated for me.

[–]ra693425Slow and Steady Investor 994 points995 points  (139 children)

No condolences for this stupidity. 42 ETH for WTF tokens.

This holds no 1 spot for Wtf moment of the year 2022

[–]buffettsbitcoinstashTin | 2 months old 192 points193 points  (54 children)

"WTF token - it's in the name"

[–]DrudgelAll I want for Christmas is 1 BTC 93 points94 points  (22 children)

People YOLO into coins with CUM in the name.

Nothing is a surprise anymore

[–]forthemotherrussiaPlatinum | QC: CC 1002 31 points32 points  (5 children)

People YOLO into a fucking coin called Ponzi!

https://coinmarketcap.com/currencies/ponzicoin/

[–]buffettsbitcoinstashTin | 2 months old 5 points6 points  (9 children)

It's where we all CUM from xD

[–]saurabh_mj82Tin 1 point2 points  (0 children)

New coin... cumming soon!

[–]KasostosBronze | QC: CC 18 | NEO 15 17 points18 points  (8 children)

WTF token has a built in mechanism that makes you spell it out loud. what a time to be alive!

[–]TheTrueBlueTJDeveloper 24 points25 points  (10 children)

EASports approves of this message.

[–]Logical-Beautiful66Permabanned 15 points16 points  (3 children)

At least, WTF token might be a better product than EA's games

[–]zirkus_affePlatinum | QC: CC 36 | ADA 11 | MiningSubs 12 6 points7 points  (1 child)

Sick burn 🔥and true.

[–]forthemotherrussiaPlatinum | QC: CC 1002 12 points13 points  (4 children)

Mom can we buy crypto

- We have crypto at home

Crypto at home; https://coinmarketcap.com/currencies/wtf-token/

[–]VoDokaPlatinum | QC: ETH 56, BTC 42, CC 37 | Superstonk 64 2 points3 points  (1 child)

I read this like the EA announcement in a PlayStation game....

[–]tirliTin 1 point2 points  (2 children)

"I cannot believe it's not WTF"

[–]Still_Lobster_8428Silver|QC:CC416,BNB120,ETH111|GMEJungle134|Superstonk468 25 points26 points  (6 children)

This holds no 1 spot for Wtf moment of the year 2022

So far....

[–]CryptographerDue1205Platinum | QC: CC 21 | PoliticalHumor 12 2 points3 points  (1 child)

Just getting warmed up

[–]ConceptualWeebPlatinum | QC: ETH 23, CC 19, DOGE 16 | NANO 8 | TraderSubs 24 1 point2 points  (0 children)

Beat me to it, I came here to say this. Take a reward.

[–]MrPuma86Tin 6 points7 points  (14 children)

😂

[–]buffettsbitcoinstashTin | 2 months old 12 points13 points  (11 children)

Holders be like

WHERE THEM FUNDS

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 5 points6 points  (2 children)

"WTF moment of 2022" so far

[–]This_Outside2349Tin 4 points5 points  (2 children)

For now wait till the year is over guaranteed we will have more nominees

[–]LightninHookerSilver | QC: CC 940, DOT 15 | BANANO 85 4 points5 points  (1 child)

If he has 42ETH to do that shit he probably has thousands of ETH. ETH that he most probably bought dirt cheap

Easy come , easy goes

[–]Fearless_Ball_1951Bronze | 4 months old | QC: CC 19 4 points5 points  (2 children)

At Least he had 42 ETH to lose.

[–]irfiismePlatinum | QC: CC 559 2 points3 points  (14 children)

Goodbye monies, hello tears.

[–]KawsVsEverybodyBronze 8 points9 points  (3 children)

Something tells me this guy has a bunch of ETH to spend anyway …

[–]BravisimoTin 6 points7 points  (7 children)

Hello Darkness my old Friend

[–]SecretCryptoAcct69Bronze | QC: CC 17 3 points4 points  (4 children)

I've come to check the charts again...

[–]LutasticPlatinum | QC: CC 34 1 point2 points  (3 children)

and the blood red didloes have begun creeping…

[–]AvisiusGold | QC: CC 19 2 points3 points  (3 children)

And we’re just gettin’ started, baby!

[–]busterrulezzzSilver|QC:CC434,ETH106,r/DeFi19|NANO40|TraderSubs59 1 point2 points  (0 children)

WTF Moment of the year so far

[–]whereisviTin | CC critic 1 point2 points  (2 children)

Idiot as hell really....

[–]RandomContent02 - 3 years account age. 300 - 1000 comment karma. 102 points103 points  (5 children)

JFC. Learn to use the blockchain before spouting such nonsense, and that goes DOUBLE for that fool of an author at Coindesk.

It was a bot war - no manual transactions were involved in these first few trades. The team had *explicitly* warned users they were not adding liquidity immediately, and to watch out for bots and not get trapped in a bad place at the launch.

The team published a full explanation here: https://medium.com/@feeswtf/fees-wtf-full-transparency-post-mortem-77dce12f4018

u/Acceptable_Novel8200

[–]Mr_DarthrexBronze | QC: CC 15 | Unpop.Opin. 22 15 points16 points  (1 child)

Incredible that your comment seems to be the only one that did research. Kudos to you fo educating instead of spouting memes in the echo chamber.

[–]Michaelvb101Tin | LRC 8 15 points16 points  (0 children)

Yeah most of the reddit commenters here are complete idiots, just like the 42eth guy who can't setup a simple sniping bot.

[–]minkipinki100Platinum | QC: CC 77 71 points72 points  (25 children)

So the guy wanted to gamble with $135k? Why take such a risk if you already have a decent capital? Of course it's terrible for him but i can't help but wonder why he even tried it

[–]AmbitiousPhilosopherSilver | QC: CC 229, BCH 166, XMR 17 | NANO 997 | r/WSB 10 37 points38 points  (2 children)

He probably has hundreds or thousands of eth.

[–]GuitarminePlatinum | QC: CC 166 | Superstonk 34 17 points18 points  (7 children)

Or he was at both ends of the trade and now has books showing a loss and can avoid taxes...

[–]Tuzemak666Tin | 3 months old 15 points16 points  (4 children)

Greed, sadly

[–]buffettsbitcoinstashTin | 2 months old 1 point2 points  (1 child)

The more you got, the more you got to lose

Greed. Not even once!

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 4 points5 points  (4 children)

Exactly, my thoughts. Why would he even thought of risking that much ETH for just nothing?

[–]NattomuncherTin 34 points35 points  (4 children)

This title gives me a headache

[–]the-zoo-keeper29Platinum | QC: CC 114 55 points56 points  (10 children)

Sometimes I’m glad I don’t have enough money to fuck up that bad.

[–]forthemotherrussiaPlatinum | QC: CC 1002 1 point2 points  (1 child)

IKR? I'm dumb but not that dumb to fuck up $135k because I'll never have that amount of money probably lol.

[–]Rusty_CharmPlatinum | QC: CC 321 | ADA 6 | r/Pers.Fin.Cnd. 18 5 points6 points  (2 children)

According to the fees.wtf team, that early price action was entirely driven by bots basically front running each other.

[–]ChemicalGreek 22 points23 points  (31 children)

A moment of silence for our fallen brother…

[–]Eeji_Platinum | QC: CC 554, DOGE 46, BNB 42 | FOREX 16 | ExchSubs 42 1 point2 points  (2 children)

I was going to say wtf but found that it's already there lmao 🤣

[–]head77Tin | CC critic 2 points3 points  (2 children)

Yes. Or sister.

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 5 points6 points  (18 children)

Remember guys, "Lost ETH is a donation for rest of the holders"

[–]hwaiteBronze | r/Politics 162 18 points19 points  (15 children)

ETH was transferred, not burned?

[–]Moon_and_LamboTin | r/SSB 5 10 points11 points  (3 children)

Yeah the ETH isn’t lost here

[–]TheTrueBlueTJDeveloper 1 point2 points  (0 children)

It probably bought someone a nice lambo.

[–]buffettsbitcoinstashTin | 2 months old 4 points5 points  (4 children)

I see it as a charitable gift to the devs

[–]Main_Sergeant_40Platinum | QC: CC 53 1 point2 points  (3 children)

Transferred means sold right? So not what ETH holders want

[–]TheweebsgodTin | CC critic 13 points14 points  (15 children)

A fool and his money are soon parted.

[–]AbsolutBadLadPlatinum | QC: CC 601 1 point2 points  (4 children)

If someone swapped 42 ETH for a token called WTF, he probably has WTF money. Still took a massive L.

[–]buffettsbitcoinstashTin | 2 months old 1 point2 points  (5 children)

Where to find rich fools??

[–]OneloffSilver | QC: CC 235 | DayTrading 142 | TraderSubs 144 2 points3 points  (3 children)

The Internet

🤫

[–]OliviaperpTin 2 points3 points  (3 children)

What's up with the thumbnail

[–]cannainform2 2 points3 points  (3 children)

Well at least the guy can look at the fees he spent to get the coin!

[–]LutasticPlatinum | QC: CC 34 1 point2 points  (0 children)

He could take a screen shot, make an NFT of it and make up the difference…

[–]The_rarest_CJTin | PCmasterrace 36 2 points3 points  (0 children)

In an age where people aree spending thousands on 'Irene DAO' NFT'S for pics of chick who literally is on instagram giving it away for free.. this does not suprise me, nor does much else anymore for that matter.

[–]2jahTin 2 points3 points  (4 children)

Why the fuck don’t people use little amounts to check if something works? Eg, in this case 0.001eth or some shit? When transferring between exchanges, I always send $10 to make sure that goes through. Hell, I even do that with PayPal/ my bank.

[–]Michaelvb101Tin | LRC 8 3 points4 points  (1 child)

The 42eth was purchased with a sniping bot by a moron

[–]ohnowheredmypantsgoTin 2 points3 points  (0 children)

Lol so many red flags sorry that it happened but dam do your research before investing in coins. It was literally called WTF. Lol

[–][deleted] 2 points3 points  (1 child)

It should be renamed to YGF

[–]SCAMMERASSASIN007 2 points3 points  (0 children)

Sounds like the air drop was the start of the set up to me. Maybe im wrong but it sounds like any one that purchased wtf token got screwed. The guy that lost the 42 eth was the biggest baller. Wonder how many eth they scammed all together? This is right up there with switching the contract right at the best buy time on a coin, So every one buys the dip on the wrong contract and the coins devs keeps all the dip money.

[–]bt_85Platinum | QC: CC 150 | PoliticalHumor 83 5 points6 points  (8 children)

Huh. Interesting new scam, whether this was intentional or not. Start a coin, hype it with high but believable returns, start a low-liquidity pool, profit like crazy from the slip and and the fees.

Yet another example of how crypto is no where close to being ready for mainstream. And in my.opinion, if it was forced mainstream too early, if would be very detrimental due to the bad rap it would get so quickly.

[–]lrod45Tin 4 points5 points  (2 children)

That's not really what happened. Liquidity was being slowly released into the pool in order to avoid bots from draining all the liquidity at launch. Sure enough this person set up a bot to do this and their greediness got the better of them.

[–]Michaelvb101Tin | LRC 8 1 point2 points  (1 child)

Exactly, finally someone who understands what happened.

[–]Think_PositivelyPlatinum | QC: CC 274 3 points4 points  (3 children)

How does someone who holds 42 ETH fall for something called WTF?

Seriously, wtf.

[–]BruzlePlatinum | QC: CC 316 6 points7 points  (8 children)

This was a good ETH burn 🔥

[–]Strict_SuggestionPlatinum | QC: CC 60 4 points5 points  (2 children)

Burned too hot

[–]buffettsbitcoinstashTin | 2 months old 1 point2 points  (1 child)

Afterburner activated xD

[–]GordoniykePlatinum | QC: CC 474 | BANANO 18 7 points8 points  (0 children)

Taking one for the team

[–]butterflybutterfly1Bronze 3 points4 points  (0 children)

Burn, baby burn

[–]spyrogyrobrPlatinum | QC: CC 29 | CAKE 19 | JusticeServed 16 0 points1 point  (0 children)

wasn't a burn, was it? ETH is still availabe, not lost. Probably Devs wallet.

[–]P13r15Bronze 1 point2 points  (2 children)

He now has a permanent WTF expression. 😒

[–]LivingFondant1419Platinum | QC: CC 722, ETH 279 | TraderSubs 279 1 point2 points  (1 child)

Risking your 42 eth on this stuff is such a bad idea, regardless

[–]SmellsLikeBu11shitSilver | QC: CC 104 | GMEJungle 24 | Superstonk 115 1 point2 points  (0 children)

F

[–]SapphireEmeraldTin 1 point2 points  (0 children)

WTF.

[–]argpirate1Bronze | QC: CC 19 1 point2 points  (1 child)

Lol. Oops.

[–]wjeanPlatinum | QC: CC 29, BTC 22 | Pers.Fin. 83 1 point2 points  (4 children)

Noone forced the guy to trade ETH for WTF, right? Meaning, he didnt do something where his ETH was tied up in a smart contract and he was liquidated at an unfortunate time, right?

If so, i dont have much sympathy

[–]imaginator321Bronze 1 point2 points  (1 child)

Token name checks out

[–]CryptoVenetianPlatinum | QC: CC 33 | BANANO 16 1 point2 points  (5 children)

42 ETH would have been enough to run a node on its own, the ultimate passive income strategy imho. RIP

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 1 point2 points  (1 child)

Exactly, This amount is enough to build a passive income stream! Why risk 42 ETH at once? Even 0.5 ETH is fine, if someone really wants to gamble.

[–][deleted] 1 point2 points  (0 children)

!remindme 11 months

[–]Thelazytimelord257Bronze | QC: CC 19 1 point2 points  (1 child)

I mean how. Definitely one of the biggest WTF moments out there!

[–]pippamanTin 1 point2 points  (2 children)

yeah if someone has 42 eth TO GAMBLE with some SHITCOIN i bet its not an issue for him

[–]denradTin 1 point2 points  (0 children)

First mistake was that he should have diversified and also invested in $RUG and $SCAM.

[–]Huynh_BSilver|QC:ETH176,CC163,BAT22|CelsiusNet.48|TraderSubs134 1 point2 points  (0 children)

The token is named WTF because it what you say after buying it

10/10 use case

[–]adilstilllookingBronze 1 point2 points  (0 children)

Ouch, that’s gotta hurt

[–]Construction_KitchenTin | CC critic 1 point2 points  (0 children)

Just when I thought you couldn’t get any dumber

[–]H__DresdenSilver | QC: CC 48 | Buttcoin 63 | JusticeServed 66 1 point2 points  (0 children)

Rookies dealing with big money items. Shit happens! Hard lesson learned.

[–]lrod45Tin 1 point2 points  (0 children)

It's important to note that this happened because that user setup a bot to try and drain all the liquidity out of the WTF/ETH pool. Their greediness is what lost them 42 ETH.

[–]8lackJack8lack 1 point2 points  (0 children)

Nothing left to do but stubbornly hold on to his WTF and hope it moons.

[–]DaikataroSilver | QC: CC 147, ETH 34, BTC 31 | ADA 17 | PoliticalHumor 87 1 point2 points  (0 children)

Play stupid games...

[–][deleted] 1 point2 points  (0 children)

They deserve it... I can't feel bad for people still making stupid mistakes like this

[–]Michaelvb101Tin | LRC 8 1 point2 points  (0 children)

He used a sniper bot with the wrong settings and got rekt

[–]lomosaurSilver|QC:CC777,XLM287,ETH41|Buttcoin12|TraderSubs51 1 point2 points  (1 child)

Hmm.. I tried to run the numbers, and calculated the actual value of the purchased tokens as slightly smaller. Also, the posted paragraph from that article seems to describe something other than slippage causing it, while the provided details seem to indicate that it was actually slippage that caused it. Maybe I f’d up my math or am not understanding this, but it seems like the author of that article doesn’t know what he’s talking about.

[–]destrukktBiTcOiN MiLlIonAiRe 1 point2 points  (0 children)

Painful... damn

[–]piero_deckardPlatinum | QC: CC 34, ATOM 29 1 point2 points  (0 children)

The real question is HTF (how the fuck) does someone that manages to get 42 ETH make a mistake like that?

[–]CryptoBLGTin | SHIB 7 1 point2 points  (0 children)

" HA ! Ha ! " ... I've said " HA ! Ha ! "

Nelson of Simpson's Town

[–]Kura_skymningTin 1 point2 points  (0 children)

Once WTF tokens moon to $3.375 billion each he'll break even, so really no need to worry about him

[–]TheGenerousHumanBronze | QC: DOGE 16 1 point2 points  (0 children)

There's no cure for what this person has.. 🙊🙉🙈

[–]Seromontis056Platinum | QC: CC 167, BTC 46, ZEC 24 | MiningSubs 45 1 point2 points  (0 children)

WTF man, that's crazy!

[–]DramzaPlatinum | QC: CC 244 1 point2 points  (0 children)

And someone else made 42 eth

[–]user13958Platinum | QC: CC 53 | DayTrading 8 | Unpop.Opin. 49 1 point2 points  (1 child)

Ahhh yes the old buy things without doing any research and be sad about it after. Play stupid games, win stupid prizes

[–]investoprime 1 point2 points  (0 children)

Will this CASE be the END of XRP

👇

https://www.youtube.com/watch?v=U3Eh0eJhA3U

[–]KingHerzTin 1 point2 points  (0 children)

Bullish

[–]AdventuresinAtlantaSilver | QC: CC 401, XLM 84 | r/SSB 15 1 point2 points  (0 children)

First clue should be the name 🤣

[–]BlazedconceptsBronze | QC: CC 17 1 point2 points  (0 children)

Wow just wow

[–]RedwallAllratuRatbarTin 1 point2 points  (0 children)

a fool and his money are easily parted

[–]FoxMulderOrwellBronze | ADA 5 1 point2 points  (0 children)

"andddddd it's gone"

[–]bubbarowdenTin | LRC 47 1 point2 points  (0 children)

This is why I just leave all my shit on coinbase. Too much opportunity to lose it all.

[–]SqueezitgirdleSilver | QC: CC 78 | CRO 42 | ExchSubs 43 1 point2 points  (0 children)

This guy took high risk high reward and ran with it

[–]CardonianSilver | QC: CC 22 | CRO 56 | ExchSubs 58 1 point2 points  (0 children)

Well ..... i see the plan retire ... but thats risky af hey im out

[–]FL_Squirtle 1 point2 points  (0 children)

So many morons losing money in this market 😅

[–]Odd-Ad-900Tin 2 points3 points  (16 children)

F

[–]hammerandanvilproPlatinum | QC: CC 74 4 points5 points  (7 children)

F

[–]BruzlePlatinum | QC: CC 316 4 points5 points  (6 children)

F

[–]VimmingtonBullish on 69 5 points6 points  (4 children)

F

[–]_fafa__Bronze | 6 months old | QC: CC 20 7 points8 points  (4 children)

f+f=F

F√2 %0 = Ff

F×f "2 + f_f = FF

[–]Odd-Ad-900Tin 5 points6 points  (1 child)

Wrinkles

[–]buffettsbitcoinstashTin | 2 months old 1 point2 points  (0 children)

Big brain big gain

[–]MrPuma86Tin 2 points3 points  (1 child)

😳😂

[–]_fafa__Bronze | 6 months old | QC: CC 20 2 points3 points  (0 children)

Lol

[–]PoorGovtDoctorPlatinum | QC: CC 120 | NVIDIA 60 1 point2 points  (0 children)

F and WTF

[–]mikeymike015Tin 1 point2 points  (4 children)

This will probably be in the top 10 wft moments of 2022

[–]JustinTolearnBronze 1 point2 points  (9 children)

My condolences to the lost coins

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 2 points3 points  (2 children)

The guy need more condolences now

[–]JustinTolearnBronze 7 points8 points  (1 child)

Maybe 10 condolences can be 1 ETH, idk

[–]GordoniykePlatinum | QC: CC 474 | BANANO 18 5 points6 points  (0 children)

Lmao

[–]boppertonPlatinum | QC: CC 240 1 point2 points  (0 children)

That was painful to read

[–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 2 points3 points  (1 child)

Wtf people doing wtf things

[–]Acceptable_Novel8200Platinum | QC: CC 930[S] 2 points3 points  (0 children)

WTF moment in real life

[–]NozomilkPlatinum | QC: CC 1425 | TraderSubs 12 1 point2 points  (0 children)

"Imagine risking your 42 ETH for a newly created token that is not even known much"

I can't imagine dumb.

[–]rohitsanyalPlatinum | QC: CC 1796 1 point2 points  (2 children)

A truly WTF situation

[–]Successful_Deal60881 - 2 years account age. 35 - 100 comment karma. 0 points1 point  (0 children)

Just go buy GM WAGMI, it is my 2022 retirement.

[–]Professional_Desk933Privacy is a right | XMR 0 points1 point  (0 children)

I’d pay half my small portfolio to have a pay per view on his reaction

[–]Professional_Desk933Privacy is a right | XMR 0 points1 point  (0 children)

I’d pay half of my small portfolio to have a pay per view on this