An anonymous user accidentally spent 34 ETH to transfer just over $2,200 in ETH. An unidentified crypto user accidentally spent $90,000 in gas fees on what should have been a simple $2,200 transfer in Ether. According to Etherscan data ~posted~ by user DeFiac, the victim spent 34.26 Ether in gas fees ($89,200 at current prices) to transfer 0.87 Ether, which is only $2,262. At the time of publication, gas fees on the Ethereum network are hovering around annual lows of 2 to 4 gwei, meaning an ETH transfer should cost a maximum of $5. In percentage terms, the user overpaid by more than 1,783,900%.
The so-called “fat finger” transactions are not rare in the crypto space. For example, last October, an NFT trader ~paid~ 1,055 ETH ($1.6 million at the time) for an NFT worth only $1,000. In April of this year, an OpenSea collector spent 100 ~ETH~ ($191,000 at the time) on a free NFT mint, which led to accusations of money laundering. Transfer errors are not only common among trading participants. In May 2021, the Singaporean crypto exchange Crypto.com accidentally ~sent~ $7 million to Australian exchange user Thevamanogari Manivel. However, the latter never reported the incident and used the funds to buy a multi-million-dollar mansion in Melbourne, as well as sending about $4 million to a foreign bank account. She was sentenced to 209 days in prison for “trading in the proceeds of crime”.
submitted by /u/Crypto_1222
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