- This topic has 6 replies, 2 voices, and was last updated 8 months, 1 week ago by EGarrett.
- Friday, April 1st, 2022 at 00:57 #206192vampeta_de_geloParticipant
Guys, is “flash loan arbitrage bot” techniques some kind of scam? Thank you!Friday, April 1st, 2022 at 00:57 #206193busterrulezzz
If you have to ask…Friday, April 1st, 2022 at 00:57 #206194ShanktarDonetsk
If it looks like a scam and smells like one…Friday, April 1st, 2022 at 00:57 #206195cdin
Yes ofc it isFriday, April 1st, 2022 at 00:57 #206196ALoopIsALoop
Yes. The way it works is that the script has the scammers address in it and your funds are sent directly to the scammer address. You will get nothing in return.Friday, April 1st, 2022 at 00:57 #206199aris05
An actual flash loan arbitrage is hard to pull off and even harder to make money from. (Someone did it to make a lot from Apecoin, but even that was very unique) . A bot that could do that consistently would end crypto as we know it. (It’s like a high frequency trading bot sent back in time to trade in the 1880’s)Friday, April 1st, 2022 at 00:57 #206200EGarrett
I don’t think so. There’s all kinds of stuff you can do with smart contracts now that just gets you free money. I know because I don’t know how to write smart contracts and I’m well aware that I’m missing out.
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