Bored Ape Yacht Club (BAYC) NFT, which was announced and realized by the team recently, definitely left its mark on the industry. This airdrop by BAYC for anyone holding at least 1 BAYC NFT attracted the attention of not only good but also malicious users.
ApeCoin Airdrop Event Helped Him Most
Especially ApeCoin (APE) As soon as it hit the market, it experienced a sharp rise and then lost 80% in value, and the reaction of the market towards it increased. A user, on the other hand, managed to get 1.1 million dollars without attacking completely by using his ingenuity. Well, the user has even 1 at first. BAIC NFTHow did he do it without
A person who wanted to participate in the airdrop event by Yuga Labs and didn’t want to risk about $1.5 million by buying 5 BAYC NFTs, earned $1.1 million by simply pulling out a flash loan, or DeFi-based loan.
At the time of the airdrop, people were not required to keep BAYC NFT in their wallet, and in previous dates, anyone who had any BAYC NFT in their wallet benefited from this airdrop.
The mysterious user wanted to use the wallet address and storage of 5 different BAYC NFTs in an NFT platform called NFTX. In order to use this wallet, which contains Bored Ape #7594, #8214, #9915, #8167, and #4755, in the airdrop, they must not have been used in the airdrop event.
Instead of buying them, the user “rented” them for a short time and transferred them to his own wallet in exchange for a certain collateral with a flash loan. Participating in the airdrop event before returning all of them and in total 60,546 APE The user who managed to get it, then returned them and got his guarantee back.
them on Uniswap 399 ETH’($1.1 million) made millions without actually risking his money.
