An investor spent 42 ETH to buy worthless “WTF” tokens after being dragged off the carpet

Large investors in the cryptocurrency market often appear to be experienced blockchain users or traders, but sometimes they make mistakes that result in the loss of a significant sum of money. An investor just spent 42 ETH and bought almost $0 worth of tokens right after it was pulled down to 3 ETH 10 days ago.

Drag Carpet 3 ETH

This user’s first misfortune was carpet pulling generated by a small token called ShibTzu Inu impersonating Shiba Inu, a small token with fewer than 1,000 holders.

Since January 5th, ShibTzu Inu has fallen from $0.00000741 to $0.0000008509 in less than 10 days, suggesting that it was most likely pulled down by developers or big owners, resulting in users losing a large sum of money, who have decided to invest.

42 ETH lost due to slippage

Of course, 3 ETH isn’t the biggest loss of money on the market, but this unlucky investor has suffered another significant loss 10 days after pulling the rug.

This investor reportedly attempted to buy a “WTF” token tied to a fee tracking service on the Ethereum blockchain.

Unfortunately for investors, WTF lost more than 20% of its value shortly after its initial listing.

Source: Etherscan

If a 20% drop due to slippage cost him 42 ETH. Slippage in both centralized and decentralized markets occurs due to a lack of liquidity, causing asset prices to rise or fall dramatically until market makers match orders.

Unfortunately, this investor did not verify the amount sent to the contract address and lost 42 ETH due to market and network issues.

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