In the fallout of the LIBRA meme coin scandal in which insiders received advanced knowledge of the launch mechanics, blockchain security firm CertiK revealed how a new breed of scammers is switching tactics to target automated trading bots instead.
Speaking with Decrypt at Consensus in Hong Kong last week, CertiK chief security officer Kang Li shared insights into how some smart contracts are being deliberately designed to target the snipers themselves.
“It turns out the target they are going after are the AI trading bots,” Li said.
The insights are in response to how Hayden Davis, the self-styled “launch strategist” for LIBRA and other celebrity meme coins, described such projects as a “zero-sum game” in which only a few have control.
Jun 16 2025
