Users trade bZx tokens on Uniswap, earning over 2000 ETH in 30 minutes.

2020-7-14 10:06
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Security engineer Roman Storm tweeted that a user traded BRZX tokens on the bZx protocol loan, earning 2,030 ETH and 300,000 BZRX tokens on Uniswap in over 30 minutes. The only downside is that once BZRX is listed on Uniswap, immediate users will buy over 1,966,100 BZRX for 650 ETH on smart contracts and trade 39.3% of BZRX into the liquid pool. Two minutes later, the user started trading, generating a total of 2,030 ETH and 300,000 BZRX tokens. bZx replied that this solution could be something like a batch auction like dFusion or a Dutch auction. This is not arbitrage, and like other buyers, the bot owner bears huge financial risk.

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