Topic: SCAM = MAYBE (Polygon Burned My ETH!!!) (Read 114 times)

Yeah, thank you.
I was looking for the right time when I could send my Ethereum to another wallet or could it be that it's because it's showing an ERC20 transaction fee which for average is $20 already. I guess I will just figure that out how I could save more at the right time where the chain is not congested.
Anyway, I really appreciate the effort in replying to this thread. Thank you again.

Ethereum (little bit high fees some times) seems to work and Metamask too. It's when I was trying to transfer from Ethereum to the Polygon Mainet (network) that it seemed weird.

Ethereum fees vary but like right now when it's congested was showing like $14 to send about $100 but I waited a little and think sent for around $8. But this is for transfers only on the Ethereum Mainet (network).

Think I picked the default option without changing anything (what ever it was showing) but waited till fee changed to lower amount. Again, this is only for on the Ethereum Mainet (network).

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Think 1st time I tried it showed around $17 for each transfer but it didn't go through with fees deducted.

After depositing more ETH (around $100) I tried 2nd time and it showed around $17 for first transfer and jumped to like $65 for 2nd transfer saying I have insufficient fees.

So I canceled since it was showing insufficient fees and it deducted fees exhausting my ETH (depositing more ETH was not reasonable for $100).

The fees on either chain doesn't increase based on the value you deposit or what. It's based on the number of interactions with the smart contract. It's higher if it passes more routes.

I think you are also mistaking "cancelling" a transaction with "rejecting" the confirmation the wallet sends you. The former incur fees while the latter doesn't.

Sorry about this, that is how it works,fees are taken weather success or transaction failure. You are trying to bridge from Matic ERC20 to matic mainet(polygon). I don't know the third party you are currently using to make the bridge. Well as for the bridging, while using Metamask to sign or approve the transaction, click edith and choose the highest gas fee recommendation, then save and now o ahead to confirm. This should scale through. Please. ensure you use Metamask on PC not the mobile version.  Don't edith the fee, it will fail and fail and your gas fees will be eaten.

N.B: Ensure you have atlest 1 Polygon on your wallet at the mainnet side, this is required for gas fee landing cost, otherwise it will never drop.

It is because you are bridging(swapping to Polygon) from the Ethereum network into Polygon Network. At first, the transaction is being handled in the Ethereum network, which it is known to have a high gas fee for a transaction or swapping. So it's clearly not on the Polygon side, but I don't know much ETH gas needed if you want to use Polygon bridge. You can refer to this site https://etherscan.io/gastracker or just simply increasing the gas limit will surely make the transaction get through.

So, how much did you pay for it when it suddenly worked? I am asking because I might run into the same problem when I transfer one of my funds using the Ethereum chain. I am reading some user experiences and they say low gas fees might get you to pay more if it fails.
Did you input the average payment or the fastest one just to make the transaction slide smoothly or just pick the slow option again because you identified it was Polygon that is having the issue?
It's been a long time since I used Ethereum so I am like a newbie here again.  Hoping for a reply. Thank you.

I think it's Polygon (can read my 2nd post above explaining it) because I used Metamask before and Etherum and they work even with kind of high fees, but they work. It seemed like swaping to Polygon was the problem = just eats ETH for fees!!!

Also, not accusing of SCAM, but they way it worked = unbelivable!!!

I think it's Polygon (can read my post above explaining it) because I used Metamask before and Etherum and they work even with kind of high fees, but they work. It seemed like swaping to Polygon was the problem = just eats ETH for fees!!!


Also, I don't really have any data there except login info so it does't really matter who owns it to me.

I think it's not Metamask or Etherum, it's Polygon because I did swaps before on Metamask and if I canceled it never sent any fees just for nothing like this time!!!


It seemed like it was raising the fee up even thou I would deposit more ETH to cover it.

It didn't go through with like $16 ETH even thou I had like $21 in there, so I deposited around $100, but it raised the fee for the same transaction from $16 to like $70 and would still show I don't have enough (insufficient fees).

So, I thought, should I add $1k in ETH to make a $100 swap???


I think, but did not try, if I added for that $100 swap $1,000 in ETH to cover fees, it would raise the fee to like $1,100 and say I don't have enough to cover the fees.


At least that's what it seems like it was doing.

100% not a scam. The contract will fail to execute, but still connects so to speak. That being said, each time you fail a transaction it will cost. This is why it is in your best interest to use a website like

https://ethgasstation.info/

to check the current prices to make sure that doesn't happen. Annoying but that is the current scenario.

The incident that the OP experienced seems to happen to me often but this is when I do something with SWAP either in Metamask or SWAP which is available.
always doing a swap if the cost is not enough, you are asked to add it, even if there is no addition it will fail and the funds have been deducted. Usually if there is information to add, then I immediately add instead of missing the costs, that have been deducted.

although I don't generally believe that all of them do that, but almost the incidents keep repeating themselves, but there are also many things that can go well, I just want to say that this incident does exist and is real.

The thing is that you almost all the time have to pay commissions. Every time when you change something in a blockchain state, you have to pay miners so that they perform it. The only situation when you don't need to pay is when you don't change the state,but just check the information from the blockchain. For example, when you check balances, so actually, it is better to switch to alternative chain such as Polygon or BSC.

I think this will happen, regardless of the failure or success of the transaction you make, it will still drain your wallet where your assets will be reduced here.
it doesn't matter if it works or not but eth is like that.
I've also experienced it several times and indeed the gas will always decrease regardless of the results fail or succeed

It's not a scam, it's just how Ethereum works. Even if the transaction failed it cost gas, and it happened because of your permission. Every contract interaction or any transaction whether it fails or is successful will consume gas. And if you cancel your transaction, there also has some interaction within the underlying system that consumes gas.

What you experience is unfortunate, but let me show a few references about how Gas works and how to set it to minimise failed transactions:
Why did I pay gas fees for a failed transaction?
User Guide: Gas
Why did my transaction fail with an "Out of Gas" error? How can I fix it?

Existing 3rd party extensions and wallets such as Metamask and Trustwallet are not Unstoppable solutions.
Further note*
Did you know that Metamask is owned by JP Morgan along with other bigtech?
Is your data safe there? Because they are surely collecting it.
So really what do you think?

I was trying to move Matic from Etherum Mainet to the Polygon Mainet, but even thou each time I rejected the transaction or it got declined, it would still subtract my ETH for fees and send them on the block (burned like $100 of ETH without my permission by itself).


Seems maybe like it could be programmed like this:


User adds ETH or other tokens to the wallet and when they try to send them it gives a FEE more than you have (insufficient fee).

1. If you lower the fee, the transaction does not get accepted, it gets declined for lower fees = BUT FEES ARE STILL TAKEN OUT
2. If you cancel the transaction yourself = FEES ARE STILL TAKEN OUT

3. If you add more ETH and try again, it would again give a FEE more than you have (insufficient fee).

= And it seems like it goes on like this forever until you burn your ETH!!!


My Matic is still showing up in the Etherum Mainet and there is nothing in the Activity showing any transfers but my ETH IS GONE!!! and showing in the blocks as fees. Why is it showing in the blockchain as fees but there was no activity, just me trying to send it to the Polygon Mainet and I even rejected so it doesn't go through???


The FEES are also just STUPID HIGH, like $40 to send $100 (around 40%).
Other cryptocurrencies similar to Etherum have low fees and there are even some not like it ETH without fees.


https://imgur.com/a/265c1Za