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A certain Monad airdrop user mistakenly burned a $112,000 MON reward, due to multiple consecutive failed transactions.
BlockBeats News, November 25th, a crypto airdrop participant repeatedly submitted failed transactions on the blockchain, ultimately burning all of their over $112,000 worth of MON airdrop tokens as they spent it all on Gas fees for the failed transactions.
The wallet address '0x7f4' originally received around $112,700 worth of Monad (MON) tokens for participating in the Monad ecosystem. However, in subsequent actions, this player submitted hundreds of failed on-chain transactions, where even failed transactions incur Gas fees, ultimately spending all of the airdrop reward.
On-chain evidence shows that the wallet owner may have used a script to send a large number of transactions in a short period of time, without realizing that the initial transactions had already failed, leading to all subsequent transactions failing and gas burning all the way. Therefore, before making a large transfer, it is advisable to conduct small amount test transactions to confirm that on-chain parameters are functioning properly.
Meanwhile, some Monad airdrop users also reported "missing rewards." Security firm SlowMist's founder, Cos, stated that there was a vulnerability in the official Monad airdrop claim page that allowed attackers to "bind" a user's airdrop to the hacker's wallet address. Multiple users claimed that their rightful airdrop was bound to the hacker's address. Cos explained that this vulnerability allowed hackers to "hijack" the user session on the claim page and redirect the airdrop to themselves without the need for wallet confirmation.
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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