The Bad Guys collection is about bad actors stealing NFTs. However, a glitch in its smart contract allowed two people to mint 450 NFTs instead of the permitted one NFT per wallet.
Rug Pull Finder announced the development, claiming they were notified about the exploit 30 minutes before the mint went live but “did not believe the credibility of the information supplied to.”
Meanwhile, community members mocked the group’s inability to prevent the exploit, with crypto sec expert OKHotshot noting that the 400 NFT mint was technically not a hack or exploit because the contract allowed it.
Another community member, Scott Mitchell, questioned why the company went ahead with the mint despite receiving a report of a probable exploit 30 minutes before it went live.
Meanwhile, Rug Pull Finder appears to be working on a solution. An update on the matter stated that it had contacted the wallets that used the exploit and offered 2.5 ETH to buy back the remaining 366 NFTs.
The incident was not a hack or a scam because the wallets just perceived the advantage in the bug and opted to benefit from it.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
While Aave finds itself in uncertain territory, a fresh face in the crypto scene, Qubetics…
Analysts push for a Dogecoin price surge to its $0.2288 yearly high while ETFSwap (ETFS)…
Discover the promising altcoin under $1 that may outperform XRP amid election volatility and market…
Campinas, Brazil, 5th November 2024, Chainwire
Terra Shuttle Bridge has now been closed, and all remaining LUNC and USTC tokens have…
Miami, Florida, 5th November 2024, Chainwire
This website uses cookies.