Huge transaction fee sent by mistake have been return to owner

pawanjain

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Quote from: jrrsparkles on June 19, 2020, 02:14:52 AM

Literally the miners are not liable to return back the money because they just what fee is used but when they know it is an error they returned it but we can't expect this to happen when the exact scenario repeats no matter the error amount if big or small.

Yeah that's quite true but this incident itself is repeated since I have seen this kind of incident taking place earlier as well.
A few years ago somebody had mistakenly sent millions of dollars worth of crptyo as a transaction fee after which the miner had returned it to the address it was sent from. Ofcourse miners are not liable to return the transaction fee but we can see how these miners show humanity and return the huge loads of transaction fees. Obviously we can't expect to see it happening again and again. It is our duty to check all the details thoroughly before making a transaction in crypto.

bgaf

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Quote from: judeafante on June 20, 2020, 03:45:47 AM

It just shows that they are against any form of hacking and they are one with the community to correct those errors I hope future hacking with a similar scheme will de deal with the same action by miners, it's just right that the huge fee should be returned to the rightful owner, the one will suffer this is the owner and his clients, provided that the owner is running a legit business in the industry.

Not all can be the same like them. Miners are in good stand for doing that, but dont expect a lot of them to be like generous to return the funds. Also its a group of miners, some pool have been solo owner with multiple rigs. Yes they can recognized the potential threat of this kind of situation to be used for modus and hidden agenda but what can we do? Decentralized has it own disadvantages.

Becky666

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Quote from: hongchao123 on June 19, 2020, 07:15:43 AM

So, this was an attack. Thats nice that the money have been returned

This wasn't an attack in my opinion because the fund involved was high, for them to overlooked the sender and helped returned the funds is a welcome development which need recommendations, they have done the right thing which others would have seen as an opportunity to grab their share of the transaction. Maybe the miners saw this as not ignoramus and they were helpful to send back the transaction. We should always double check our transactions before hit confirm button to avoid this mistake.

xiboothrezi

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This news is quite surprising. Errors in managing transaction costs at fantastic or abnormal prices occur twice. Similar mistakes, with the exact same transaction fees, lead to the assumption that this is intentional. There is an assumption that this is a mode of money laundering.
But I doubt this assumption because the sender cannot determine the miner for "cooperation" in money laundering, it is set automatically in the ethereum blockchain. I agree with the following explanation

Quote from: ryzaadit on June 19, 2020, 07:38:06 AM

~We believe the transaction happened using automatic transfer, since almost 2x times not a human error. If you compare it with manual transaction, there a 1-2x times confirmation did you want to send transaction or not and some preview transaction. Everyone should be aware if they type a wrong amount to be filled when he wan to fill the amount send but unfortunately he set up on the fee column.

It could also be due to human error, the sender is sleepy or is out of focus so that he incorrectly entered the nominal for the fee column and the amount sent. I don't know, which is true.

Lantind

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Quote from: FrozenBit on June 19, 2020, 08:31:17 AM

In the end, this was not someone's mistake, they were clearly attacked by the bad guys in this market. And it was fortunate because they received their money back, one of the great news today

Yes, it is not a deliberate mistake, but it can happen because he himself is negligent so that it is easily attacked by bad people in the market, hopefully this can be a good lesson for us all so that we are not always negligent.

judeafante

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Quote from: covfefe_ on June 19, 2020, 07:06:20 AM

It's glad to see Ethereum miners still helping out correct individual transactions. Such news are much common with Ethereum. Haven't seen such things happen on other larger blockchain. Maybe the nature of the Ethereum network makes it easier but yet it's the community first vibe among the Ethereum miners for such things happening.

It just shows that they are against any form of hacking and they are one with the community to correct those errors I hope future hacking with a similar scheme will de deal with the same action by miners, it's just right that the huge fee should be returned to the rightful owner, the one will suffer this is the owner and his clients, provided that the owner is running a legit business in the industry.

Dpat

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Recently, I also sent a crypto coin to an exchange and on later date I got to know that that transaction was lost. And, this because of only the old crypto that I had sent instead of new generated coin which was generated by the conducting of swap by the company. I contacted many involved person to the exchange administrator and no where I got a reliable suggestion. But some day later I got a message from the exchange team that we are look forwarding the matter and the reversing of the token will charged as high fees. let see what happen next, still it is withheld.

bearexin

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Wow, this is the first time I’m seeing this happen. It’s really good that they agree to work with the owner of the address and return the fees. But this is not the first time someone is making such error and losing money in fees, people still have to be careful and know how much they are paying for fees before sending, unless in a case like this one where an account is hacked. The first time I saw this topic I was thinking it was about the guy that paid around $2 million for a small $150 transaction, or is this the some other transaction that also is being discussed here?

Anyway we must appreciate F2pool for being and acting as per humanitarian spirit. I guess if they work on any IEO for further development of their mining process then I guess people will remember this incident may start contributing to their initiative in more generously.

marks1976

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Quote from: republicrypto on June 19, 2020, 05:19:40 PM

Quote from: FrozenBit on June 19, 2020, 08:31:17 AM

In the end, this was not someone's mistake, they were clearly attacked by the bad guys in this market. And it was fortunate because they received their money back, one of the great news today

and i think ethereum price will affected because of this news my friend
this is really great, and i hope everyone must becarefull if they want to send any eth,
regards

it doesn't give any impact to the ethereum price and this is a problem that has already solved by the pool. it looks like you should learn again about what kind of news for ethereum that was giving a bullish trend for ethereum.

Twinkledoe

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Quote from: Ulven on June 19, 2020, 11:30:34 AM

I think the owners of the pool deserve all the appreciation because they weren't greedy and returned the money to its owner, It is nice to see a digital community improving the crypto service Kiss

There's still hope for humanity. Not all people in the cyberworld are greedy. There are still people who cares for individuals who made mistake and are willing to to help them as long as they can. Respect!

republicrypto

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Keep it Simple guys :)

Quote from: FrozenBit on June 19, 2020, 08:31:17 AM

In the end, this was not someone's mistake, they were clearly attacked by the bad guys in this market. And it was fortunate because they received their money back, one of the great news today

and i think ethereum price will affected because of this news my friend
this is really great, and i hope everyone must becarefull if they want to send any eth,
regards

Ulven

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I think the owners of the pool deserve all the appreciation because they weren't greedy and returned the money to its owner, It is nice to see a digital community improving the crypto service Kiss

minairia3

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Quote from: oxgroth on June 19, 2020, 09:23:18 AM

Another one good example that we have friendly community in the crypto industry

Its not that they are required to that. As explained in the article they were returned it out of guilt as the sender said he was just attacked and clearly no one in their right mind to do that. Plausible explanation and reasonable.

Quote from: Anonylz on June 19, 2020, 09:53:18 AM

Well an honest miner that is, it was very clear that such transaction was definitely a mistake and should be returned

If thats the case then does this process will always be used by some users and worse maybe scammer will now try to use this method now some miners accepting a refund or returning the mistake fee that has been sent.

Anonylz

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Well an honest miner that is, it was very clear that such transaction was definitely a mistake and should be returned, this is a common mistake that can be made by a newbie, paying more fees than the actual amount, glade to see the miners have take notice of the abnormal transaction, am sure the user will be overwhelmed with happiness.

oxgroth

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Another one good example that we have friendly community in the crypto industry

Febo

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Quote from: bgaf on June 19, 2020, 01:34:26 AM

What you guys think about this move? As we know it, transaction is irreversible but mistake like this have consequence to every users.

They just gave that guy their mining fee. It has nothing with reversing any transactions. They gave their money to that guy. Simply. How they will explain their charity works to the tax office will be interested to see.

FrozenBit

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In the end, this was not someone's mistake, they were clearly attacked by the bad guys in this market. And it was fortunate because they received their money back, one of the great news today

ryzaadit

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Quote

Do they only solve big transaction fee? How about those small to medium fees with the same scenario? This show that blockchain transaction is risky too especially if those transactions are been compromised by thieves and hackers.

The smallest fee doesn't have any relationship with this case, in this case, the problem the fee was too huge and give a someone who mined the block got some nice bonus from the block fee. We believe the transaction happened using automatic transfer, since almost 2x times not a human error. If you compare it with manual transaction, there a 1-2x times confirmation did you want to send transaction or not and some preview transaction. Everyone should be aware if they type a wrong amount to be filled when he wan to fill the amount send but unfortunately he set up on the fee column.

torrantz

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Quote from: hongchao123 on June 19, 2020, 07:15:43 AM

So, this was an attack. Thats nice that the money have been returned

That's true and it looks like the mining pool has ability to rolling back the transaction fees. this is my first time to see the mining pool has ability to do that. It's quite surprising for me to see that happens right now.

thesmallgod

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Quote from: studio1one on June 19, 2020, 03:31:39 AM

Etherchain.org the pool that mined a high transaction fee block has also made an announcement.

"As the sender of the transaction https://etherchain.org/tx/c215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c has not contacted us after 4 days we have made the final decision to distribute the tx fee to the miners of our pool. Given the amount involved we believe 4 days is sufficient time for the sender to get in touch with us."

The statement is contradicting each other. The Op said the money has been reported to have been transfer back to the owner with the address provided by him so arguably the tx fee was not being shared between miners. Whatever the case may be, It is interested two hear that such mistakes on the sender was overlooked and the ETH was transfer back to him which to me bring more credibility the miners and hopefully people will not be denied the opportunity to retrieved back similar transaction

Topic: Huge transaction fee sent by mistake have been return to owner (Read 365 times)