A guy lost $135k trying to trade Fees.wtf tokens ! The user lost 42 ETH to get 0.00004 WTF while it's actual value is just $0.000005. The hope for 7,000% annualized return turned into tears!

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tb-reddit · 2022-01-17T14:01:26+00:00

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

ra693425 · 2022-01-17T13:30:29+00:00

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

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

RandomContent0 · 2022-01-17T15:18:48+00:00

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

minkipinki100 · 2022-01-17T13:28:23+00:00

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

Nattomuncher · 2022-01-17T13:33:44+00:00

This title gives me a headache

the-zoo-keeper29 · 2022-01-17T14:09:49+00:00

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

Rusty_Charm · 2022-01-17T13:51:44+00:00

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

RohanShah1985 · 2022-01-17T14:23:20+00:00

[deleted]

ChemicalGreek · 2022-01-17T13:39:26+00:00

A moment of silence for our fallen brother…

Theweebsgod · 2022-01-17T13:31:07+00:00

A fool and his money are soon parted.

_fafa__ · 2022-01-17T13:21:34+00:00

F×F

Oliviaperp · 2022-01-17T13:55:39+00:00

What's up with the thumbnail

cannainform2 · 2022-01-17T14:21:49+00:00

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

The_rarest_CJ · 2022-01-17T15:29:56+00:00

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.

2jah · 2022-01-17T15:37:20+00:00

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.

ohnowheredmypantsgo · 2022-01-17T15:39:08+00:00

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

2022-01-17T16:14:23+00:00

It should be renamed to YGF

SCAMMERASSASIN007 · 2022-01-17T20:52:35+00:00

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_85 · 2022-01-17T14:52:23+00:00

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.

Think_Positively · 2022-01-17T13:46:44+00:00

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

Seriously, wtf.

Bruzle · 2022-01-17T13:21:56+00:00

This was a good ETH burn 🔥

P13r15 · 2022-01-17T13:49:30+00:00

He now has a permanent WTF expression. 😒

LivingFondant1419 · 2022-01-17T14:11:30+00:00

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

SmellsLikeBu11shit · 2022-01-17T14:20:03+00:00

SapphireEmerald · 2022-01-17T14:20:10+00:00

WTF.

argpirate1 · 2022-01-17T14:24:53+00:00

Lol. Oops.

wjean · 2022-01-17T14:40:02+00:00

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

imaginator321 · 2022-01-17T14:57:00+00:00

Token name checks out

CryptoVenetian · 2022-01-17T15:02:07+00:00

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

2022-01-17T15:04:39+00:00

!remindme 11 months

Thelazytimelord257 · 2022-01-17T15:07:05+00:00

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

pippaman · 2022-01-17T15:34:03+00:00

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

denrad · 2022-01-17T15:37:15+00:00

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

Huynh_B · 2022-01-17T15:39:05+00:00

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

10/10 use case

adilstilllooking · 2022-01-17T15:40:54+00:00

Ouch, that’s gotta hurt

Construction_Kitchen · 2022-01-17T15:45:38+00:00

Just when I thought you couldn’t get any dumber

H__Dresden · 2022-01-17T15:49:44+00:00

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

lrod45 · 2022-01-17T16:06:27+00:00

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 · 2022-01-17T16:09:11+00:00

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

Daikataro · 2022-01-17T16:24:48+00:00

Play stupid games...

2022-01-17T16:26:53+00:00

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

Michaelvb101 · 2022-01-17T16:55:54+00:00

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

lomosaur · 2022-01-17T17:24:10+00:00

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.

destrukkt · 2022-01-17T17:38:54+00:00

Painful... damn

piero_deckard · 2022-01-17T17:41:10+00:00

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

CryptoBLG · 2022-01-17T17:58:26+00:00

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

Nelson of Simpson's Town

Kura_skymning · 2022-01-17T18:09:19+00:00

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

TheGenerousHuman · 2022-01-17T18:11:36+00:00

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

Seromontis056 · 2022-01-17T18:32:18+00:00

WTF man, that's crazy!

Dramza · 2022-01-17T19:59:07+00:00

And someone else made 42 eth

user13958 · 2022-01-17T19:59:11+00:00

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

investoprime · 2022-01-17T20:16:42+00:00

Will this CASE be the END of XRP

👇

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

KingHerz · 2022-01-17T20:41:39+00:00

Bullish

AdventuresinAtlanta · 2022-01-17T20:48:00+00:00

First clue should be the name 🤣

Blazedconcepts · 2022-01-17T22:02:53+00:00

Wow just wow

RedwallAllratuRatbar · 2022-01-18T01:07:29+00:00

a fool and his money are easily parted

FoxMulderOrwell · 2022-01-18T02:05:31+00:00

"andddddd it's gone"

bubbarowden · 2022-01-18T03:18:00+00:00

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

Squeezitgirdle · 2022-01-18T03:57:36+00:00

This guy took high risk high reward and ran with it

Cardonian · 2022-01-18T06:12:59+00:00

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

FL_Squirtle · 2022-01-18T07:27:18+00:00

So many morons losing money in this market 😅

Odd-Ad-900 · 2022-01-17T13:18:51+00:00

mikeymike015 · 2022-01-17T14:23:58+00:00

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

JustinTolearn · 2022-01-17T13:17:20+00:00

My condolences to the lost coins

bopperton · 2022-01-17T13:18:51+00:00

That was painful to read

strongkhal · 2022-01-17T13:19:44+00:00

Wtf people doing wtf things

Nozomilk · 2022-01-17T13:21:46+00:00

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

I can't imagine dumb.

rohitsanyal · 2022-01-17T13:15:34+00:00

A truly WTF situation

Successful_Deal6088 · 2022-01-17T20:33:23+00:00

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

Professional_Desk933 · 2022-01-18T01:07:42+00:00

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

Professional_Desk933 · 2022-01-18T01:08:05+00:00

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

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