The Rekt Ape Project
A story about revengeneering.
The Rekt Ape Project is a Community of sad apes who were either rugged or rekt. A small group of 100 baby apes clog the MEMPOOL with small TX’s at deployment triggering the miners hook script. The tax consumes the miners funds because the attack requires adding and removing LP so the supply can be bought up and dumped after the TX’s in the mempool are reordered and executed.
The MEMPOOL (aka The Dark Forest) is a place Ethereum transactions wait before confirming to the blockchain. Check out this amazing article that inspired me alot early on this journey.
The purpose of the Community is to deploy a technology that phishes hamburger attack scripts. The only way you can do this is clog the mempool with orders directly after a new contract has been deployed. The Contract im talking about is nothing more than an RFI fork with 50% tax as the default.
When the Frontrunning TX is sent a few things happen:
LP is added
Supply is Bought up (50%)
LP is removed
The TX’s in the MEMPOOL execute AFTER the Frontrunning TX
The Supply Bought is dumped at the END or NEXT block depending on the size of the MEMPOOL and slippage set on the orders.
So what does all this mean?
If a small community forms to rig the MEMPOOL, the modified RFI FORK with 50% tax can drain the bot of 96% of its deployed funds. It will sustain almost full loss and when you factor in GAS they lose alot more! The supply of the contract can be withdrawn and everyone can repeat the process with more liquidity!
Nobody loses and the team generates profit until the bots stop frontrunning!
I estimate from my analysis of previous deployments 1–10 eth can be gained each deployment with total deployment costs under .3 ETH.
Where do we go from here?
We form the Community
Make sure everyone understands whats going on.
Organize the Raids and reclaim the ETH!
This project has been brought to you by Team 111 but mostly me Desperate Dev as most my friends don't understand what's going on. I dont blame anyone I quit my job and studied this shit for 8 months straight. Today we launched the test of the code. It stole 20$ worth of ETH and the bot lost 80$+ in fees. It cost us 380$ to make the bot lose 100$ but it was worth every penny. If the MEMPOOL had the pending TX’s we could have really tested it. Our previous 2 fairlaunche’s were botched because of these mother fuckers. The MEMPOOL was clogged both times and the bot used over 10 eth in destroying the protocol. It’S motivation isn't even money it’s just to hurt tiny protocols and keep the space clean for the big guys. The Rekt Ape Project can make them stop by putting the FEAR into them. Our ETH stash will get bigger everytime and the movement will grow because of it. My main objective in getting into decentralized technology was because it was DECENTRALIZED not because every aspect of it is a scam that take 8 months of studying to figure out. I hope this helps I like my job at Verizon.
The small group of 100 Rekt Apes and the changing of 2 variables was enough to take down a group of millionaire crypto arbitragers!
Here is a list of suggested reading:
Flash Boys — https://arxiv.org/pdf/1904.05234.pdf
SOK — https://arxiv.org/pdf/1902.05164v2.pdf
Bloxy — https://stat.bloxy.info/superset/dashboard/arbitrage/?standalone=true
Atomic Sandwhich Video — https://www.youtube.com/watch?v=VkXmhCUnInI
