Traders Claim $6M Profit on BitGo Code Change
Traders reportedly generated $6 million in profit after spotting a public BitGo pull request that added support for a memecoin.
According to TheBlock, traders claimed $6 million in profit by identifying a public BitGo code change on July 27. The code update added support for Cash Cat on Robinhood Chain ten days prior to Robinhood formally announcing the listing.
Pull Request Discovery
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The public code modification allowed market participants to detect the impending listing ahead of the official announcement. By frontrunning the deployment, traders secured millions in realized profits.
Key facts
- Traders claimed $6 million in profit from the code change, according to TheBlock.
- A public BitGo code change on July 27 added support for Cash Cat on Robinhood Chain.
- The discovery occurred ten days before Robinhood announced the listing.
Source: theblock.co
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