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Yuga Labs co-founder: Someone used flash loans to cheat bids on the CryptoPunks market

Yuga Labs co-founder: Someone used flash loans to cheat bids on the CryptoPunks market

CointimeCointime2025/03/02 03:55
By:Cointime

according to on-chain data, about two hours ago, multiple CryptoPunk NFTs were bid at high prices, including:

Punk 5822 bid up to 8888 ETH, worth approximately $19,587,819.67;

Punk 3900 bid up to 6,969.69 ETH, worth approximately $15,360,151.99;

Punk 7804 bid up to 7,233 ETH, worth approximately $15,940,447.76;

Punk 7523 bid up to 4,750 ETH, worth approximately $10,468,287.96;

Punk 6089 bid up to 5,500 ETH, worth approximately $12,121,175.54.

In response to this, Garga.eth, co-founder of Yuga Labs, posted on platform X to warn that someone is using flash loans to deceive bidding on the CryptoPunks market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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