KTN pulled off one of the most funny trap i& #39;ve seen in an IDO, aiming to trap liquidity sniper who buy tokens before anyone else to dump it on the community.

1/ https://twitter.com/gwendall/status/1380532497788899333">https://twitter.com/gwendall/...

This is the transaction where a bot paid a hefty 68 ETH fee to the miner in order to buy 100 ETH worth of KTN before anyone can

https://etherscan.io/tx/0x36712b089e2743088b8499c77847412e54cd58da2a81bd6aca9915eaceeb393e

2/">https://etherscan.io/tx/0x3671...

The catch is ... there is a line in the code that says that liquidity snipers can& #39;t dump their tokens, at least not all of them. So the sniper ended up with tokens he can& #39;t get rid of and paid 100 ETH + 68 ETH to the miner for it.

3/

The @kattanatrade team even published the source code, with the "LiquidityTrap" feature, which prevents sniper from dumping their token. I suspect sniper check if source are published in order to see if the project is "legit".

https://bit.ly/2Q8Ckxb 

4/">https://bit.ly/2Q8Ckxb&q...

A cheeky taunt and a true power move.

In the Ethereum dark forest, the predators can become prey in an instant

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