Devs trick bots into paying $250,000 just to mint nothing
1 min read
The highly anticipated Mad Lads mint was delayed a day because of bots, but today after 2 ten minute delays they gave an interesting update in discord
We may turn it off but it starts in 1 minute.
When the contract went live after a minute, the devs had deployed a honeypot and tricked the bots into depositing $250,000 for nothing, at the same time within about 10 seconds the entire project minted out to 8000 unique minters out of 10k. Throughout this the chain continued without skipping a beat, the bots were only able to ddos the wallet hosting infrastructure but even with that level of activity it did fine.
https://nitter.net/MadLadsNFT/status/1649555795573440512
edit: They are giving back all the funds from the honeypot:
submitted by /u/jawni
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