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Reading: This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing
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Mycryptopot > News > Crypto > Ethereum > This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing
Ethereum

This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing

October 14, 2024 4 Min Read
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This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing
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A pockets spent 288 ETH as transaction charges and ended up sending nothing, triggering widespread reactions within the crypto group.

In right this moment’s Ethereum information, one other enormous transaction charge was paid on the Ethereum community. In keeping with blockchain transaction tracker Whale Alert, a person paid a staggering 288 ETH for a single transaction.

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One of the vital fascinating developments across the transaction, moreover its magnanimous transaction charge, was that the person ended up transferring nothing to the receiving tackle. Per Etherscan, the pockets tackle despatched 0 ETH to the receiving tackle, whereas paying 288 ETH as charge.

Notably, the 288 ETH transaction charge was value $700,402 on the time of writing, with Ether buying and selling at $2,429 per coin. Knowledge from Etherscan exhibits that the transaction occurred right this moment at 4:22 AM UTC.

Fats Finger?

The explanations behind the substantial transaction charge stay unknown at press time. Nevertheless, the character of the transaction appeared like a fats finger.

For context, a fats finger refers to an unintended or clumsy enter of figures, leading to extreme numbers being typed. An error equivalent to this might end in community members inputting the figures meant for the transaction measurement part within the transaction charge part.

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Notably, after the misguided transaction, the pockets tackle concerned made one other switch. This time, it paid a charge of $0.1 to switch 96 ETH to MevRefund, a white hat hacker and on-chain researcher. This subsequent switch additional bolstered hypothesis across the fats finger principle.

Nevertheless, MevRefund flagged the sending tackle within the transaction as a compromised pockets. In a tweet, MevRefund insinuated that the hacker deliberately paid the outrageous transaction charges, seeing that the tackle to which he was sending the stolen funds had been feezed.

Hello @stakefish , I am serving to whitehat a compromised withdrawal tackle.

Sadly, it appears that evidently if the dangerous guys cannot have it, no one can 😢

Any probability you’ll be able to return these stolen funds to the rightful proprietor?https://t.co/4TPQ4U6vuG pic.twitter.com/PA5CxbXayH

— MevRefund (@MevRefund) October 8, 2024

Different Enormous Transaction Charges Paid

Notably, the latest 288 ETH transaction charge is the newest in a collection of comparable incidents. The very best transaction charge ever paid for a single transaction within the community stays the 7,676 ETH ($23.5 million), a determine paid by crypto trade Bitfinex final 12 months.

An earlier report exhibits that one other person paid 34.62 ETH, valued at $92,504. Curiously, the pockets paid extra in charges than it transferred, as knowledge confirmed it moved a mere 0.87 ETH.

One other person additionally paid 121.56 ETH ($157,764) to switch 183 ETH ($237,502). Notably, this transaction charge was 78,882% greater than the common $2 charge on the Ethereum community.

Contents
Fats Finger?Different Enormous Transaction Charges Paid
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Reading: This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing
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