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It sounds unlikely to work, but users often fail to verify every character of the destination address they're using, opting instead to copy it from their transaction histories, and this can profit scammers substantially.

"Nifty News: Trader nabs 800 ETH by baiting a bot, NFT thefts slow and more", CoinTelegraphĪ zero-transfer attack occurs when a phisher creates a blockchain address very similar to that of a target victim's wallet, and sends zero-value token transactions to the victim's addresses from the phishing wallet in hopes that the victim will later mistake the phishing address for the real one and send funds to it.

We are offering a 10% bounty of any funds stolen from our bot, which are yours to keep if you return the remaining 90%." In other tweets they suggested they might try to take legal action against Chang for the "theft".

The apparent operator of the bot tweeted at Chang, accusing him of theft: "We would like to discuss a bounty with you.

Azukis have been trading with a floor price of around 5 ETH (~$9,000). Altogether, Chang made 800 ETH (~$1.45 million) from the scheme, draining the bot of its available funds. The bot then came along and offered the same amount on the other NFTs, and Chang accepted the overpriced bids. Chang purchased a large number of Azuki NFTs using an anonymous wallet, then placed an inflated 50 ETH (~$90,700) bid on one. After noticing someone set up a bot to copy his bids, NFT trader Hanwe Chang tricked the bot into purchasing multiple NFTs at hugely inflated prices.