[HN Gopher] USDC investor shells out $2M to receive $0.05 USDT t...
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       USDC investor shells out $2M to receive $0.05 USDT trying to evade
       crash
        
       Author : belltaco
       Score  : 17 points
       Date   : 2023-03-11 19:15 UTC (3 hours ago)
        
 (HTM) web link (cointelegraph.com)
 (TXT) w3m dump (cointelegraph.com)
        
       | mouzogu wrote:
       | Here is their wallet
       | https://debank.com/profile/0x8ff006ecdd4867f9670e8d724243f7e...
       | 
       | You can see the trade there, and they still have at least $2
       | million to gamble with in the crypto casino.
        
       | roomey wrote:
       | I love how they justify that the low return was "clearly"
       | displayed.
       | 
       | Check the repro out, and you tell me if this was "clear".
       | 
       | I have more confirmations rebooting my computer!
       | 
       | https://twitter.com/KyberNetwork/status/1634524643972481025?...
        
       | joneholland wrote:
       | Currency of the future.
        
         | NotACop182 wrote:
         | Imagine if this type of error at a large bank occurred. The
         | outrage. Crypto has issues especially When it's irreversible
        
       | moomoo11 wrote:
       | dEcEnTRalIzEd FinANcE
        
       | theGnuMe wrote:
       | Can anyone ELI5 this? I don't get it.
        
         | mouzogu wrote:
         | He put his $2 million up for sale, but he configured it wrong
         | so it got bought for 5 cents. Someone else now has the $2
         | million.
         | 
         | (wouldn't be surprised if it was an inside job from kyberswap.)
        
           | pksebben wrote:
           | Imagine the absolute glee of the purchaser.
        
         | omar_khaled wrote:
         | TLDR: He was so desperate to get rid of his tokens that he
         | neglected setting a slippage parameter on his transaction.
         | Therefore, he basically got frontrun and got pennies on the
         | dollar for his inital tokens
        
           | rwaksmunski wrote:
           | Pennies on the million.
        
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       (page generated 2023-03-11 23:02 UTC)