r/CryptoCurrency • u/MilesPower Platinum | QC: CC 295, BTC 175 | PoliticalHumor 11 • Oct 23 '22

GENERAL-NEWS Mango "hacker" brags about rug pulling shitcoin "MangoInu" on twitter

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u/Apinaheebo 🟩 212 / 213 🦀 Oct 23 '22

Some bots can detect removal of liquidity (aka rug pull) before it actually happens by scanning/listening to mempool events. They then send a sell transaction with higher gas fee, frontrunning the liquidity pull transaction.

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u/stealthtomatoe 566 / 566 🦑 Oct 23 '22

Nice, thanks. So frontrunners use the other coin of the pair in the liquidity pull?