Seveneleven
17 posts













Pretty insane (and clever) snipe on $CAT, ~$1.5m to ~$5m instantly How'd it work? - Team's multisig had 9% of the supply and $2.2m in BNB for the LP - The team's multisig is 3/5. They sign the tx from 3 owners, which was relayed to the gnosis safe API (see image 4 for signatures) - Sniper grabs that signed tx from the API and uses it to build a tx, using a custom contract, that (a) deploys the LP using the team's signed LP deploy tx, then (b) buys $1.5m $CAT in the same tx to ensure he is the first buy at the initial LP price, which was obviously well below market price on cexs - Sniper submits that tx with very high gas (spent $75k) to try to frontrun the team's actual LP deploy tx - Tx lands (see images 2 and 3) - Sniper starts taking profit (see image 1), gg (Note: The sniper also may have grabbed the LP deploy tx from the mempool and used that to build his snipe tx, but we don't see a failed tx from any of the multisig owners so I felt that it's more likely he simply grabbed the signatures from the safe API, and that the $CAT team had opted to sign the tx 3 times before attempting to submit it)



