A User Makes $600K Profits By Abusing Smart Contracts

In Adidas’ NFT sale titled “Originals: Into the Metaverse” on Saturday, December 18, a user exceeded the purchase limit of 2 per user using a special smart contract.

adidas; Bored Ape Yacht Club, PUNKS Comic and crypto influencer gmoney realized an NFT sale in partnership. carried out
in NFT sale purchase limit is maximum 2 for each user was determined as. One of the users using a custom smart contract 330 purchased NFTs.

When the private smart contract is activated, it creates 165 new smart contracts under Adidas’ smart contract that mints 2 NFTs and forwards the minted NFTs to the user’s ETH address. Since each smart contract has a different address, the user had no problem exceeding the set purchase limit. The contract self-destructed after executing the transactions.

In total for user NFTs 66 ETH ($252k) while paying 27.3 ETH ($104k) for gas fees paid.

For the user to cover the gas fee paid 0.2 ETHeach of the NFTs minted from 0.28 ETHNFTs should sell at the base price 0.8 ETHrose to . With the prices reaching this level, the user’s approx. 600 thousand dollars We can say that it is profitable.

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