Moxie protocol burns transactions fees from protocol usage daily. Here's the latest Moxieburn!

🔥 3,668,701 MOXIE 🔥 

Total burned: 21,895,437 Moxie
https://basescan.org/tx/0x398f1679b4ef877e1e658e5f3a5a05844082591fcebe28b974d0441c8db00d8e

Moxie is SocialFi. Follow @betashop.eth & @airstack for news! Official contract: link.moxie.xyz/contract

airstack

we observed an attack on moxie over the past few hours by @slezisatoshi and @lyttrushin 

the attack led to millions in trading volume of fan tokens and 3,668,701 MOXIE to be burned from fees, taking total burned MOXIE to 21,905,451 in total. 

We have implemented a fix and shut down this type of attack.

As part of the fix, all tx fees from sales of fan tokens will no longer be released immediately as sold, rather will be part of everyday rewards claims. Any fees earned in malicious ways will not be released, and will instead be burned.

Building /ambassadors and /base-ph. Warpcast is super fun. 

/project /bid /replyors https://newsletter.ambassadors.gg

https://warpcast.com/betashop.eth/0xd0f28c04

Oh! 

Curious as to how the attack was a bad thing, if they buy and sell millions of fan tokens doesn't it mean they'll lose a lot of money from trading fees instead of gaining?