An NFT trader has managed to profit 800 ETH after finding out a bot has been copying his trades. A discussion has raged over how legal the move actually was. Meanwhile, NFT volumes and thefts fell in July.
Knowing bots were copying his trades, Chang placed an inflated bid on the NFTs held in his anonymous wallet from his publicly-known hanwe.eth wallet.
Seemingly, the owner of the bot known as elizab.eth responded to Chang’s post claiming the funds were stolen and offered to discuss a 10% bounty if the funds were returned. Figures from NFT data aggregator CryptoSlam show U.S. dollar sales volume decreased nearly 42% over July with the month starting off with $22 million in daily volume before sinking to $12.8 million on July 31.July’s drop comes after a significant rally in late June where daily sales volumes peaked at nearly $58.5 million on June 27, the largest trading day since March 16’s $61.9 million figure.from Nansen said out of the 699,816 ETH in royalties paid to NFT projects, just 9.
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