- DAVE, a new meme-coin with Ben.ETH as advisor, lost over $100K to a bot attack.
- This event follows several other dubious crypto projects linked to Ben.ETH.
- Questions are rising about the influencer’s credibility and the viability of his advised projects.
In another questionable episode in the cryptosphere, Ben.ETH, a prominent crypto influencer, was in the hot seat again. DAVE, a token with links to the controversial influencer, suffered a major attack.
On Friday, June 2, anonymous developers launched the meme coin DAVE, with Ben.ETH serving as their advisor. According to Arkham Intelligence, just minutes after the launch suspected hackers drained the token for over $100K.
The Exploitation of ‘DAVE’
Following the initial hype, the DAVE token immediately fell victim to a snipe-and-dump attack by an MEV Bot within minutes of its release. The bot reportedly spent just over $10 to extract over $100K in WETH (Wrapped Ether) from DAVE and another project by Ben.ETH, PSYOP.
