Trader Pays $343K in Bribes to Frontrun ZEST Launch, Profits $277K on May 20

GateNews
ZEST37.05%
BNB0.95%

According to Lookonchain, on May 20, a trader paid 536.88 BNB (approximately $343,000) as a bribe to frontrun ZEST token launch on BNB Chain. The address invested an additional 600,000 USDT and purchased 18.3 million ZEST tokens in the opening block with a total cost of approximately $943,000.

The trader subsequently sold all 18.3 million ZEST tokens and realized approximately $1.22 million, netting a profit of approximately $277,000 after deducting all costs.

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