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Topic: Huge transaction fee sent by mistake have been return to owner (Read 333 times)

hero member
Activity: 2674
Merit: 713
Nothing lasts forever
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.
sr. member
Activity: 644
Merit: 257
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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.
full member
Activity: 756
Merit: 231
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.
sr. member
Activity: 1246
Merit: 285
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
~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.
sr. member
Activity: 2268
Merit: 263
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.
sr. member
Activity: 2254
Merit: 258
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.
copper member
Activity: 798
Merit: 3
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.
full member
Activity: 1162
Merit: 168
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.
sr. member
Activity: 893
Merit: 250
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.
full member
Activity: 1904
Merit: 138
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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

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!
sr. member
Activity: 1386
Merit: 252
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
legendary
Activity: 1610
Merit: 1127
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
sr. member
Activity: 1470
Merit: 326
Vave.com - Crypto Casino
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.

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.
hero member
Activity: 2562
Merit: 577
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.
member
Activity: 143
Merit: 10
Another one good example that we have friendly community in the crypto industry
legendary
Activity: 2730
Merit: 1288
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.
full member
Activity: 657
Merit: 102
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
legendary
Activity: 2450
Merit: 1225
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.
sr. member
Activity: 1063
Merit: 253
Sovryn - Brings DeFi to Bitcoin
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.
full member
Activity: 1498
Merit: 129
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
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