Someone just paid $2,6M in fees while sending just $133 in ETH - page 2.

bayudndy

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Quote from: Karartma1 on June 14, 2020, 04:01:49 AM

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

But how can hackers get that money? As far as I know, the fees will be transferred to the miners. And if the truth is what you say, this is a very bad in this market

cryptoperkele

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Activity: 889

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Quote from: Karartma1 on June 14, 2020, 04:01:49 AM

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

I have updated this link to the first post 2 days ago. However, this is just another theory, and while it's a good theory, it's still just speculation. We might never hear what has really happened behind the curtains unless the owner comes forward, and i find that unlikely.

Karartma1

legendary

Activity: 2310

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Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

lobo13hf

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Activity: 2268

Merit: 507

Quote from: lizarder on June 12, 2020, 12:00:45 AM

Quote from: layoutph on June 11, 2020, 11:04:13 PM

Who ever did this is so stupid. I believe he wished he checked the network fee before he clicked the send button. May be he is so busy and doesnt care about the transaction fee because he has a lot of ETH on his wallet.

I don't know, but I think, when he did it, maybe he was drunk, because if this is a bug, I don't think it's possible, if not drunk, it might be intentional, considering that the misdirection of this fee occurred again after this incident with an almost similar amount of $ 2.5M.

He was no drunk but it looks like be forget if he was putting a very big gwei that the result will consume the same amount like what they have been sending to the another address. We must always aware about how much gwei that already applied in the wallet before try to send anything.

btc78

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Quote from: cryptoperkele on June 10, 2020, 07:04:48 AM

Source:
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65

I am pretty much this was because of fat fingers, but how an earth there's no security measures for this kind of thing?

This is sad but reality mate because even it is obligation to keep our transaction beyond our control but incident happens and there must be some security that will save us from losing too much money.

This event is very frustrating and may cause bad image to others using crypto currency specially about bitcoin.

Quote from: posporo on June 12, 2020, 09:29:49 PM

There are new 2 transactions, the one which is mined by Sparkpool and F2Pool so I guess the security for the block is low, there are some bugs that the miners are taking advantage of or there are person who is responsible for all of this which is a trusted one. I hope all of it would be fix as fast as possible.

well this Bugs must be in control and not doing any harm to crypto users.

Saisher

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Activity: 2324

Merit: 175

Quote from: Franco772 on June 12, 2020, 03:06:33 AM

This has been repeated more than once, and no longer looks like an ordinary mistake. It seems to me that there is some benefit behind this and we should find out soon

There's no benefit paying millions of fee for a few hundreds of transaction it's insane if you are going to try this, this has been the hottest topic this week and everybody are speculating, I hope it's not on the network or some kind of a bug, it will be a disaster if it is, I hope it's a mistake on the holder's part, I also want to know how did it happen, this is something for the record.

posporo

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There are new 2 transactions, the one which is mined by Sparkpool and F2Pool so I guess the security for the block is low, there are some bugs that the miners are taking advantage of or there are person who is responsible for all of this which is a trusted one. I hope all of it would be fix as fast as possible.

forexandcryptoauditor

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Activity: 1190

Merit: 3

I do not believe this is a mistake from him/her. For sending 0.55 ETH, the transaction fee paid was 10K ETH. It seems to be some glitch to do money laundering. Even to transfer 0.01 ETH I always check how much minimum fees I can pay compromising duration. Of course, this seems to be done intentionally.

bearexin

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Activity: 1162

Merit: 168

WTF!

Wait, is this a joke or what? When I saw the topic I thought the op was kidding. Damn, I’m really confused , like how did this kind of thing happen? How does someone pay up to $2 million plus for just to send hundred bucks? That’s insane. Is it that he or she didn’t see the fees before approving the transaction or they just did it on purpose?

I have used several wallets and when I’m making transaction there is this place where they will write the amount you’re paying for fees, just like Blockchain wallet and I always look at that before sending to know how much I’m paying. I just don’t understand what happened in this case, wish the person was here to explain why they did such. Bruh, $2 M can change my life! Lol Grin

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pandanaran

full member

Activity: 1048

Merit: 101

Shipping costs are much more expensive than the amount of shipping? I have just seen this strange event. Is this a hacker attack? or BUG error? I can't imagine how this address owner feels, this is a big amount of money, hopefully things like this won't happen again.

FanEagle

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Activity: 2884

Merit: 1117

Quote from: lizarder on June 12, 2020, 12:00:45 AM

Quote from: layoutph on June 11, 2020, 11:04:13 PM

Who ever did this is so stupid. I believe he wished he checked the network fee before he clicked the send button. May be he is so busy and doesnt care about the transaction fee because he has a lot of ETH on his wallet.

I don't know, but I think, when he did it, maybe he was drunk, because if this is a bug, I don't think it's possible, if not drunk, it might be intentional, considering that the misdirection of this fee occurred again after this incident with an almost similar amount of $ 2.5M.

Yeah that is the thing about these transactions, we really don't know why anyone would do it knowingly and why this could be anything at all, we are trying to see a reason why anyone would do this to benefit themselves and we are having hard time finding it out. Fee is something that usually goes to miners, am I missing something there? Isn't it the miners who get the fee?

If that is the case, and if that person is willing to lose that much money to miners, that means in order to profit from this, he has to make sure that he gets it back (or anyone he knows that is a miner) and how can you be so sure about mining a certain block with that money in it? Or maybe there is some other blockchain feature that I am not aware of? I really have ZERO clue about what someone could gain from doing this, no idea.

unichain.world

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Activity: 8

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That transaction may not sent from trusted wallets. Check the fee limit is one of basis functions of every popular wallets.

Franco772

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This has been repeated more than once, and no longer looks like an ordinary mistake. It seems to me that there is some benefit behind this and we should find out soon

bakasabo

legendary

Activity: 2492

Merit: 1215

Another example of huge transaction fees. I cant believe this was done by mistake or someone just miss-clicked. There might be something shady behind this or another way of fund laundering.

https://etherscan.io/tx/0xfd10c9a4507c4ebf1db9f71e05ba8ea09f3603c9012c24195d731a1fadfa14d9
https://etherscan.io/tx/0xdc7c6482e73e95a4e90c7cb5e0b6a5acb8d997bd53a064a0f19b2457f40910be

cryptofirm

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Quote from: cryptoperkele on June 10, 2020, 07:04:48 AM

Source:
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65

I am pretty much this was because of fat fingers, but how an earth there's no security measures for this kind of thing? It's 2020 already and after seeing this kind of mistakes, i am pretty sure that ETH adoption is further away. Just one warning message informing about the possible huge mistake could have saved millions for this guy.

wow,, just sent about 0.55 Ether with Transaction Fee: 10,668.73185 Ether this is really big mistakes ,
thats why people should double check their transactions before send it

bluebit25

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Quote from: Baoanhbmt on June 11, 2020, 09:29:40 PM

I am also thinking that is that really a mistake. There are a number of potential reasons why this excessive fee might have occurred. Arguably the simplest and most likely reason is that this unfortunate individual intended to send $2.6 million in ETH with $130 worth of fees, but accidentally switched the two fields.

That's a lot of money, and I believe they will never be so confused. They have to check it many times before making a transaction, and I think they are intentionally creating this transaction. But I do not know their true purpose

niisarearning

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Activity: 910

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Recently i had to pay around 16$ worth of transaction fees fro running some contract . While seeing that i am almost confused and frustrated about the platform i tried in all the possible way metamask and other ehtereum wallet finally ii decided to not to run smart contract it saved some of the money . Before doing transaction we shoul dcheck transaction fees . Metamask is better one in term of choosing transaction fees.

rz20

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Merit: 1001

Quote from: smyslov on June 11, 2020, 04:56:27 AM

Quote from: mnporter2001 on June 11, 2020, 04:33:12 AM

Quote from: cryptoperkele on June 10, 2020, 07:04:48 AM

Source:
https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65

I am pretty much this was because of fat fingers, but how an earth there's no security measures for this kind of thing? It's 2020 already and after seeing this kind of mistakes, i am pretty sure that ETH adoption is further away. Just one warning message informing about the possible huge mistake could have saved millions for this guy.

I don't think this is a mistake of the sender. I think this is a test of Ethereum's fee that the team wants to perform. No one would transfer a few hundred dollars and accept such a large fee. Do not FUD when you are still not sure what is happening and what is the cause.

I like to hear the official announcement if the owner of the said address if this is intentional, or a grave error on his part, we can only speculate unless they or he comes out, I search here in this forum and it's not part of any bounty campaign, but this is one example that you need to double or triple when sending coins.

Like pizza day (the one involving bitcoin) now we will start celebrating transaction day in which a guy paid $2.6M twice as a transaction fee to transfer .5 and 350 ETH.

lizarder

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Activity: 1722

Merit: 895

Quote from: layoutph on June 11, 2020, 11:04:13 PM

Who ever did this is so stupid. I believe he wished he checked the network fee before he clicked the send button. May be he is so busy and doesnt care about the transaction fee because he has a lot of ETH on his wallet.

I don't know, but I think, when he did it, maybe he was drunk, because if this is a bug, I don't think it's possible, if not drunk, it might be intentional, considering that the misdirection of this fee occurred again after this incident with an almost similar amount of $ 2.5M.

layoutph

sr. member

Activity: 1372

Merit: 255

Who ever did this is so stupid. I believe he wished he checked the network fee before he clicked the send button. May be he is so busy and doesnt care about the transaction fee because he has a lot of ETH on his wallet.

Topic: Someone just paid $2,6M in fees while sending just $133 in ETH - page 2. (Read 1274 times)