Community post
SYS Attack/Pump
Everyone's read about the massive pump to SYS coin but what really happened? And how did it work?
They did a 51% attack to mine more than one block so it was irreversible. Dev 1 posts a sell for 11 SYS for 96BTC and Dev 2 (or investor) buys from Dev 1. All the orders in between fucked the bots. Bots continued to buy expensive SYS setting much higher floor. Total cost to scammers, around 30 BTC. Profit, could be as high at 7k BTC. Genius but highly unethical.
Someone's bot picked up one SYS for over $700,000. RIP
And that's the crypto market for you, still the wild west and that's how many of us prefer it! Cheers all
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