Someone just paid $2,6M in fees while sending just $133 in ETH - page 4.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: DarkDays on June 10, 2020, 07:50:22 AM

Doesn't look like this was an accident.

Looking through his transaction history he's used 60 gwei for every transaction, except this one.... That indicates the wallet was previously controlled by a smart contract or some automated service, but then this guy took over and manually cranked to gas price up to 500 million.

What's more likely is that he is working in cahoots with the mining pool to forcibly move money from one place to another, potentially converting illegitimate gains into legal proceeds (mining revenue). He'd then split the difference with the pool owner and get away with essentially laundering money.

This isn't the first time Sparkpool has received suspiciously high fee transactions before. And they often seem to agree to split it back with the sender.... Why would they do that when it's rightfully theirs to keep?

I don't think it is a misclick because it is a huge money. No one does such a terrible misclick, except when the person is totally drunk. Even if the person is totally drunk, I believe no one gets crazy and move funds when they are drunk. It is especially warning if they have so much money in their wallets.

The question is how fees on ETH network will be used after all. You made a point that it is a suspicious transaction (maybe well planned) to create FUDs, to do money laundering. The vital thing is if the sender has plan to get his fees back (with a deal to fee receiver, something like that), the person will not lose anything with that transaction.

smyslov

sr. member

Activity: 2030

Merit: 269

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.

mnporter2001

sr. member

Activity: 602

Merit: 250

HEX: Longer pays better

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.

casperBGD

legendary

Activity: 2156

Merit: 1151

Nil Satis Nisi Optimum

Quote from: NeuroticFish on June 11, 2020, 03:08:01 AM

Quote from: DarkDays on June 10, 2020, 07:50:22 AM

Doesn't look like this was an accident.

At first this sounded surreal. I didn't believe it, so I've ignored it. But you were right.
Since there's a second transaction with same "mistake", it has to be something fishy there, not an accident, as you said.

yeah, now i am also thinking that owner maybe do not know that he is sending transaction, but who would have an interest to pay such large transaction fees?
it is simply not logical, so will wait for everything to clear out, if that would happen

dhemasm

full member

Activity: 1829

Merit: 134

Moderator

Looks it come from wrong code on third party apps and it automatically suggesting or using that fee? Well that was really bad if true, also maybe that contract was consuming big gas limit? Not really sure too but after reading forbes article above looks like it's another incident. Just hope there some clarification from that address owner.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: DarkDays on June 10, 2020, 07:50:22 AM

Doesn't look like this was an accident.

At first this sounded surreal. I didn't believe it, so I've ignored it. But you were right.
Since there's a second transaction with same "mistake", it has to be something fishy there, not an accident, as you said.

dre1982

sr. member

Activity: 770

Merit: 284

★Bitvest.io★ Play Plinko or Invest!

Quote from: rz20 on June 11, 2020, 02:38:44 AM

Lol what is going on someone again paid $2,630,162 as a gas fee to transfer 350 ETH. I guess someone is really drunk or laundering money.

https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c

That tx is from the same address like the tx in the OP. I don't know what he is thinking. I assume you will notice when you did it wrong the first time.... Roll Eyes

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: vlast01 on June 11, 2020, 01:32:09 AM

Quote from: ?? on ??

Quote from: MCobian on June 10, 2020, 06:21:43 PM

Therefore be careful before making a transaction, because most people do not check before making a transaction. Such as wallet address,
number of coins, and transaction fees. These three things must be considered, because many people make mistakes in all three of these
things. The incident at the opening post is a lesson for all of us to be more careful in doing things.

It is to put into the question of it is accidentally or not. The fee is surprising and really crazy to transfer that small amount compared to the fee and that it makes curious.
But I believe this person did a lot of transfer before that makes me think that this not an accident but something to formulate some instances just like money laundering and other illegalities.

I was also wondering with it, he had many
transaction history how could he make mistake. We don't know what really happens, if it was human error or the block chain nevertheless it was a big amount of lost for that person.

if its just an error why he need to do it again?

You can see above link that the address also paid another million fees for just 350 ETH transactions.

The address is active and use also to trade in many different exchange base on the transaction he receive from many different exchange ,I think something wrong is happening in that address.

rz20

legendary

Activity: 1330

Merit: 1001

Lol what is going on someone again paid $2,630,162 as a gas fee to transfer 350 ETH. I guess someone is really drunk or laundering money.

https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c

vlast01

full member

Activity: 364

Merit: 105

Dolphins Finance TRUSTED FINANCE

Quote from: ?? on ??

Quote from: MCobian on June 10, 2020, 06:21:43 PM

Therefore be careful before making a transaction, because most people do not check before making a transaction. Such as wallet address,
number of coins, and transaction fees. These three things must be considered, because many people make mistakes in all three of these
things. The incident at the opening post is a lesson for all of us to be more careful in doing things.

It is to put into the question of it is accidentally or not. The fee is surprising and really crazy to transfer that small amount compared to the fee and that it makes curious.
But I believe this person did a lot of transfer before that makes me think that this not an accident but something to formulate some instances just like money laundering and other illegalities.

I was also wondering with it, he had many
transaction history how could he make mistake. We don't know what really happens, if it was human error or the block chain nevertheless it was a big amount of lost for that person.

numpadxx5

full member

Activity: 431

Merit: 108

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 never thought that this thing happens, sending $2,6 million as gas fee. If i lost that amount of money i would been so depress. I could even buy my own house and car with that amount of money.

chichidori

legendary

Activity: 1694

Merit: 1003

These things happen if you're not in your self not paying attention to what`s in front of you or having too much alcohol that night a lot of reason but yes ETH wallet should have an early warning if you're putting too much gas on a single transaction.

Vitalicus

full member

Activity: 467

Merit: 100

DIA | Data infrastructure for DeFi

Quote from: coin-investor on June 10, 2020, 10:14:46 PM

That's a huge mistake, like all of us here I also wonder what kind of wallet he is using for him not to notice that he is using a very huge fee for a very small amount, I hope the owner of that account posted here, so he can clear everything, why that happened, I am using MyCrypto.com desktop wallet and I can clearly see the fee that I'm going to use before sending.

True! I'm shocked right now when I read the thread title lol! I think it maybe a typo that he doesn't double check. However, it just so careless if you transfer something and don't double check the transaction before making it. I even do double-checking with my bank transferring lol!

bgaf

sr. member

Activity: 644

Merit: 257

Worldwide Payments Accepted in Seconds!

Quote from: ?? on ??

Is this a typo or is there really something? because there's no way someone would do something crazy like this. is this for money laundering? still curious about some cases like this

Maybe. There are lots of intrigue happening now and so many have their opinion about this issue. Some say it is money laundering and typical style of getting away with crime. If you are drunk you can never be stupid enough to make such this mistake losing a 2.6million USD.

Quote from: coin-investor on June 10, 2020, 10:14:46 PM

That's a huge mistake, like all of us here I also wonder what kind of wallet he is using for him not to notice that he is using a very huge fee for a very small amount, I hope the owner of that account posted here, so he can clear everything, why that happened.

Probably bulk sender or any huge wallet that has a lot of options to change variety of gwei and set up for transaction.

coin-investor

hero member

Activity: 3024

Merit: 614

Leading Crypto Sports Betting & Casino Platform

That's a huge mistake, like all of us here I also wonder what kind of wallet he is using for him not to notice that he is using a very huge fee for a very small amount, I hope the owner of that account posted here, so he can clear everything, why that happened, I am using MyCrypto.com desktop wallet and I can clearly see the fee that I'm going to use before sending.

Sendi blackspade team

full member

Activity: 941

Merit: 100

Quote from: ?? on ??

Is this a typo or is there really something? because there's no way someone would do something crazy like this. is this for money laundering? still curious about some cases like this

You can check etherscan and what happens is as you see it. not crazy or drunk. we will not know it was all intentional or not. but when he checked back he would regret using such a fee.

makishart

legendary

Activity: 3108

Merit: 1029

Quote from: oscarftw on June 10, 2020, 06:43:06 PM

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.

Warning messages can be good advice for those who will make a transaction at a high cost. Although Ethereum wallet shows the transaction cost before making a transaction, you can check it below the receiver address. Who has huge money, don't care about the transaction cost then these things happen.

I think that before we wanna try to send a transaction there was a notification about how much we will send and the fees, The sender was not doing a double check to the his transaction before try to broadcast it into the network.

oscarftw

sr. member

Activity: 573

Merit: 250

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.

Warning messages can be good advice for those who will make a transaction at a high cost. Although Ethereum wallet shows the transaction cost before making a transaction, you can check it below the receiver address. Who has huge money, don't care about the transaction cost then these things happen.

kawetsriyanto

legendary

Activity: 2464

Merit: 1140

duelbits.com

Can it be? Wow, personally I don't believe in the amount, but after checking itself, it is sure. how can you pay a fee of $2,6M for only $133 in ETH? Did he make some mistakes when sending it? Did he put the wrong number when setting its fee? Or it relates to the differences of using "," and "." in his mind? Does he probably guess that it is not M amount? Or it is only the mistake of the system? If he realized this, I don't know what he thought or regret. or he only made it under awareness?

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: DarkDays on June 10, 2020, 07:50:22 AM

Doesn't look like this was an accident.

Looking through his transaction history he's used 60 gwei for every transaction, except this one.... That indicates the wallet was previously controlled by a smart contract or some automated service, but then this guy took over and manually cranked to gas price up to 500 million.

What's more likely is that he is working in cahoots with the mining pool to forcibly move money from one place to another, potentially converting illegitimate gains into legal proceeds (mining revenue). He'd then split the difference with the pool owner and get away with essentially laundering money.

This isn't the first time Sparkpool has received suspiciously high fee transactions before. And they often seem to agree to split it back with the sender.... Why would they do that when it's rightfully theirs to keep?

As what you had explained, I think this is likely the situation here. It is intentionally done and not done by a mistake. If you are doing crypto transactions for a while, why can you make a mistake of allotting millions of dollars as transaction fee only? You usually check how much tx fee you want to spend in eth tx, so I don't think the user got it wrong. There's more story than this.

Topic: Someone just paid $2,6M in fees while sending just $133 in ETH - page 4. (Read 1284 times)