đŻ Epic Snipe on $CAT
đ° Turned ~$1.5M into ~$5M instantly!
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How it worked:
- The teamâs multisig had 9% of the supply and $2.2M in BNB for the LP.
- Their multisig required 3 out of 5 signatures to sign a transaction.
- đ”ïžââïž A sniper intercepted the signed transaction from the Gnosis Safe API and built a custom contract.
- The sniper's contract:
1. Deployed the LP using the teamâs signed transaction.
2. Bought $1.5M worth of $CAT in the same transaction, securing the first buy at the initial LP price (way below market price).
- đ The sniper submitted this transaction with high gas ($75K) to front-run the teamâs actual LP deployment.
- The transaction was successful, and the sniper began taking profits immediately.
Possible Alternative:
The sniper might have grabbed the LP deployment transaction from the mempool, but itâs more likely they used the signatures from the Safe API since there were no failed transactions from the multisig owners.
