Full Story of BENCAT vs Snipers
Our contract engineer always checks the contract's transaction history before any launch. The original contract address for the
@Bencatcoin bonding curve was
๐๐๐๐๐๐น๐ข๐ฃ๐ข๐ต๐ฃ๐๐ด๐๐๐๐ฉ๐ฆ๐๐๐๐๐ฑ๐ฐ๐พ๐๐๐๐ฎ๐๐ธ๐ฒ๐บ๐น๐๐๐๐ง๐ฏ๐ฏ๐ซ๐ค๐ (let's call this CA1).
About 6 hours before launch, He noticed some unusual transactions on CA1. Here are two refund transactions:
ao.link/#/message/sGK7NbBkVQโฆ
ao.link/#/message/xKhSac3tFIโฆ
The transactions were initiated by the account
๐ฆ๐ง๐จ๐๐ถ๐ค๐ก๐ฒ๐๐๐ด๐ฉ๐ฌ๐ฅ๐ด๐๐บ๐ฑ๐ฅ๐ฉ๐ฅ๐๐ฒ๐ง๐๐๐ฃ๐๐พ๐ข๐๐ด๐๐ต๐พ๐ฐ๐ง๐๐๐ก๐๐ฒ๐ด
While the transaction format was correct, the transactions failed because BENCAT hadnโt launched yet. After a quick investigation, it appears this was likely a sniper test account.
{
"๐จ๐๐ฒ๐ฟ๐ก๐ฎ๐บ๐ฒ": "๐๐ต๐๐ผ๐ป๐ด๐ฏ๐ธ๐ต๐ป",
"๐๐ถ๐๐ฝ๐น๐ฎ๐๐ก๐ฎ๐บ๐ฒ": "๐๐ผ๐ป๐ด ๐๐๐๐ฒ๐ป",
"๐๐ฒ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป": "๐ฎ๐ถ๐ฟ ๐ต๐๐ป๐๐ฒ๐ฟ - ๐๐ฝ๐ฎ๐๐ป๐ฒ๐ฑ ๐ฏ๐ ๐๐ข ๐ด๐ฎ๐บ๐ฒ๐.",
"๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐๐บ๐ฎ๐ด๐ฒ": "๐ต๐๐๐ฝ๐://๐ฝ๐ฏ๐.๐๐๐ถ๐บ๐ด.๐ฐ๐ผ๐บ/๐ฝ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ_๐ถ๐บ๐ฎ๐ด๐ฒ๐/๐ญ๐ฏ๐ณ๐ด๐ณ๐ฏ๐ฐ๐ฐ๐ฌ๐ฌ๐ฒ๐ต๐ฑ๐ณ๐ฑ๐ฐ๐ณ๐ฑ๐ฎ/๐-๐ฎ๐๐๐น๐ฑ๐ต_๐ป๐ผ๐ฟ๐บ๐ฎ๐น.๐ท๐ฝ๐ด",
"๐๐ผ๐๐ฒ๐ฟ๐๐บ๐ฎ๐ด๐ฒ": "",
"๐๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐ผ๐ป": ""
}
After this, we anticipated that snipers would target us once we launched. So, we redeployed a new contract. The wallet for the new contract was also freshly generated. The new CA is
๐๐ญ๐๐ถ๐๐๐ข๐
๐ฆ๐๐ต๐ณ๐ฌ๐๐๐ฃ๐๐ณ๐ฝ๐ณ๐๐พ๐ด๐๐ผ๐ฒ๐๐ฒ๐ก๐ญ๐ง๐จ๐๐ฟ๐ณ๐ฐ๐๐ฟ๐๐ธ๐ฏ๐๐ (let's call this CA2).
An hour before the launch, we completed internal testing on the new contract (CA2). However, not long after, we spotted abnormal transactions coming through the new bonding curve contract:
ao.link/#/message/evkshDI8kqโฆ
These transactions were once again initiated by the account: ๐ฆ๐ง๐จ๐๐ถ๐ค๐ก๐ฒ๐๐๐ด๐ฉ๐ฌ๐ฅ๐ด๐๐บ๐ฑ๐ฅ๐ฉ๐ฅ๐๐ฒ๐ง๐๐๐ฃ๐๐พ๐ข๐๐ด๐๐ต๐พ๐ฐ๐ง๐๐๐ก๐๐ฒ๐ด
So, in the last 30 minutes before launch, we decided to go back to using CA1 for the launch, hoping to trick the snipers into thinking it was CA2.
After the official launch, all tokens in the bonding curve were sold out within 1 minute. Upon reviewing the sales records, we found that bots had made most of the purchases, causing heavy transaction congestion. After analysis, we identified that more than 3 snipers had attacked us, ruining the fair launch of BENCAT.
To protect the community, we initiated refunds for everyone and are now rethinking the launch strategy. Yes, we made some misjudgments regarding the snipers:
1. BENCAT is the first token on AO to face such an aggressive sniper attack. We underestimated the impact
@Bencatcoin would have.
2. The team's preparation time and dev resources were insufficient. Everyone worked almost entirely without compensation, just like any
@Bencatcoin BULIEVERS, out of love for BENCAT and a desire to build.
Additionally, during our review of the transaction records, we found some interesting things:
1. We found transactions on CA2, which we didnโt use, totaling 121 wAR. This suggests that someone knew about the new CA (CA2) we planned to use 1 hour before launch, but didnโt realize it wasnโt actually launched.
2. After refunding all the buyers who purchased through
@ObtimusAI (888 wAR), we found that additional wAR had been sent via incorrect transaction formats. This indicates that someone (a sniper) tried to bot the purchase but messed up the code, wasting wAR in the process.
To clarify, I want to correct the data I shared earlier on X:
๐ง๐ต๐ฒ ๐๐ผ๐๐ฎ๐น ๐ฎ๐บ๐ผ๐๐ป๐ ๐๐ฒ ๐ณ๐ฟ๐ผ๐๐ฒ ๐ถ๐ ๐ญ๐ฏ๐ฒ ๐๐๐ฅ.
This came from transactions that either went to the wrong CA2 or were attempts to cheat and snipe using incorrect transaction formats. After reviewing everything and considering that we can't confirm who exactly these funds belong to, weโve decided to allocate this 136 wAR to the new ๐๐๐ก๐๐๐ง๐๐ข๐๐ก launch.
Weโve been working on a new launch strategy over the weekend. With 136 wAR already secured as liquidity, airdrops will be the primary method to protect the interests of ๐๐๐ก๐๐๐ง๐๐ข๐๐ก bulievers. Weโll be revealing the new plan early next week, so make sure to follow
@MustHodlRUI @Bencatcoin for updates.
In addition, weโll be rolling out new community events soon. So if you havenโt joined our Discord yet, you should do it now.
To the fudders: If you take a look at our OG-chat, you'll understand why theyโre OG and youโre not.
๐๐ณ ๐๐ผ๐ ๐ฐ๐ฎ๐ป'๐ ๐๐ฎ๐ถ๐, ๐๐ผ๐ ๐ฐ๐ฎ๐ป'๐ ๐ต๐ผ๐น๐ฑ; ๐ฎ๐ป๐ฑ ๐ถ๐ณ ๐๐ผ๐ ๐ฐ๐ฎ๐ป'๐ ๐ต๐ผ๐น๐ฑ, ๐๐ผ๐'๐น๐น ๐ฒ๐ป๐ฑ ๐๐ฝ ๐น๐ผ๐๐ถ๐ป๐ด ๐๐ผ๐๐ฟ ๐บ๐ผ๐ป๐ฒ๐ ๐ฎ๐ป๐๐๐ฎ๐.
Always remember: 2025 will still be the year of ๐๐๐ก๐๐๐ง๐๐ข๐๐ก.
NOTICE: Until the official ๐๐๐ก๐๐๐ง๐๐ข๐๐ก CA is posted on
@bencatcoin X account, any CAs or trading pairs related to BENCAT or BENCATCOIN are scams. RUI will never DM you CAs or BENCAT sale info on any platform. Stay alert and take responsibility for your funds.