420 ETH transaction FEE

[shasan]

I am not sure where to post it. I have just seen a transaction where sent amount Value: 0.02 Ether ($2.95) and Transaction Fee:
420 Ether ($61,849.20). Reference: https://etherscan.io/tx/0x464e50e8ade15ad883f80fd173f6afd85efdf15413892625fe0146fbe5fecd92
Let me know if it requires to move on another board. Thanks.

[AB de Royse777]

I do not think this is an scam accusation topic.

I am not sure where to post it. I have just seen a transaction where sent amount Value: 0.02 Ether ($2.95) and Transaction Fee:
420 Ether ($61,849.20). Reference: https://etherscan.io/tx/0x464e50e8ade15ad883f80fd173f6afd85efdf15413892625fe0146fbe5fecd92
Let me know if it requires to move on another board. Thanks.

I think there are something unusual going on with ETH.

Here is another one: https://etherscan.io/tx/0x1f73b43dc9c48cc131a931fac7095de9e5eba0c5184ec0c5c5f1f32efa2a6bab
And this one is multiple times larger than the one above. It's 2100ETH

Not sure if this is intentional or error.

Edit:
Interesting timing:
https://etherscan.io/tx/0x1f73b43dc9c48cc131a931fac7095de9e5eba0c5184ec0c5c5f1f32efa2a6bab @ 1 day 9 hrs ago (Feb-19-2019 01:19:12 AM +UTC)
https://etherscan.io/tx/0x464e50e8ade15ad883f80fd173f6afd85efdf15413892625fe0146fbe5fecd92 @ 1 day 5 hrs ago (Feb-19-2019 05:13:36 AM +UTC)

Both from same address (!)
0x587ecf600d304f831201c30ea0845118dd57516e

This was intentional.

[shasan]

Within 4-5 hours in 3 transactions total transaction fee is about 3150 ETH. Source: https://twitter.com/MatiGreenspan/status/1097929198004588544
All are from same address: https://etherscan.io/address/0x587ecf600d304f831201c30ea0845118dd57516e

[logfiles]

You can move it to trade discussion board as no one has come out yet and claim its scam.
By the way it could have been either some glitch or someone purposely just carried out weird transactions... Because those transactions seem to be made between specific wallets.

[hugeblack]

There is more than one article about this and many topics have been created in this forum, you can read some of them here [1] [2].
Some analyzes say it is not a scam but a Program Bug or an attempt to thank miners "Lantern Festival" Read more about this analyzes[3].


[1] Money Laundering Operations?
[2] Somebody paid $310,000 in transaction fee to send 0.1eth
[3] ETH's High Transaction Fee Might Be an Activity to Thank the Miners on the Lantern Festival

[shasan]

There is more than one article about this and many topics have been created in this forum, you can read some of them here [1] [2].
Some analyzes say it is not a scam but a Program Bug or an attempt to thank miners "Lantern Festival" Read more about this analyzes[3].


[1] Money Laundering Operations?
[2] Somebody paid $310,000 in transaction fee to send 0.1eth
[3] ETH's High Transaction Fee Might Be an Activity to Thank the Miners on the Lantern Festival

As already a few topics on its related, I am locking this thread right now. Thanks for providing the info of these posts which is almost the same with a different title.