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

[bittick]

I do not know what is in the person's mind by paying that much fee, I also can not imagine how he is now, maybe he is currently under stress, even though in his wallet he still has a lot of money, but this is not the first time such an incident this, before there was already

I think that if it's a human error and this is not the first time there was a people who have been sending a small amount of crypto used million dollars as the fees. It looks like he was using a wallet that must be operated manually and this is purely a human error.

[jostorres]

This is not the first time I'm seeing such a incident where people are including huge amount of transaction fees. If I remember correctly there were similar incidents which happened in bitcoin and dogecoin transactions as well.

The miner who is the super lucky may return the fees to sender if they do not want to hold that much easy money. If I were that miner definitely I will do that . Yes, believe me I am not that mush selfish nor greedy even I do always dreaming about such wrong transaction making me billionaire.

I just checked the sender address, it is still holding 45,482 ETH which is approximately 4x higher than that assumed wrong included fee. Not sure but this addy looks like belonging to some exchange or some whales. I wish it should be the addy of an ICO scammer .

[bakasabo]

Looks like a bug or an error in transaction imho. Or this transactions is simply displayed with an error.

The guy has done more than 6000 transactions, and not he miss-clicks and pays 1/4 of his deposit as a fee ? It does not even look like a miss-click. How can someone write such a number in "gwei windows" to get that kind of fee.

[tabas]

Lol! If that's true

It's true mate, just check the txid.
I have a question guys and hopefully, someone can educate me on this. Are these miners can choose the transactions that they can confirm? if a pool sees that amount of fees, they'll be in a contest to get that fee, is that right? or it will be shared?
Like what others have noticed, it doesn't look like an accident. It's interesting to get some insights whoever did the transaction.

[ene1980]

~
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.

It is really unfortunate and sad to see these kind of mistakes and this is not the first time i am seeing these mistakes while sending the coins but this is by far the biggest mistake i have seen. Not sure what can be done to retrieve his coins, not sure whether the miners will do the logical outcome in a situation like these as the amount here is 10,668 ETH and it is suicide to mess the gas price and let go off his wealth because of a silly mistake.

[Nalbo]

~
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.

It is really unfortunate and sad to see these kind of mistakes and this is not the first time i am seeing these mistakes while sending the coins but this is by far the biggest mistake i have seen. Not sure what can be done to retrieve his coins, not sure whether the miners will do the logical outcome in a situation like these as the amount here is 10,668 ETH and it is suicide to mess the gas price and let go off his wealth because of a silly mistake.

No one would reverse the chain just for some thousand ETH sent mistakenly.
This is both the beauty and risk with the blockchain platforms that there's no correction once the transaction has been broadcasted. Though I too believe every wallet should integrate some feature to warn users when they are trying to make some out of the ordinary fees transactions.

[Ucy]

Would be interesting to know if this sort of thing happens in real world in any society with proper governance/regulations, without businesses like exchanges, stores, banks, etc returning excess fees to the owners esp when they request for them.
Mistakes will always be made  (assuming that ^ was a mistake), and the excess fees "charged" remains the owner's money. It should be made possible to return such excesses to the owners in Crypto future.
And I wonder if there is no fee increase limits placed at the based level that adjust automatically or manually via decentralized consensus/governance to prevent similar mistakes in the future.

[dre1982]

That is a huge fee. Gladly for him he have enough ETH left in his wallet. 

[pikkie]

I see the sender wallet has an ethereum number of more than 45343 Ethereum with an estimated value of $ 11,038,950.61 with the current rate, I think this wallet has an important influence in the cryptocurrency world, I don't know who owns this wallet but the assets in this wallet are very numerous and I feel not an ordinary person.

[serjent05]

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?

Well, that is the best way to make laundering money look legal.  Nice catch there pal.  I do think the same too.  Intentionally spiking the fee so that the "dirty" money looks like it was legitimately mined then split it with other members of the conspiracy.

[rnsribeiro]

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.

shit happens i guess... It isn't the first time tough... For example:
https://www.blockchain.com/btc/tx/258478e8b7a3b78301661e78b4f93a792af878b545442498065ab272eaacf035
(there are many, many more... And this one is defenately not the biggest screw-up)
I guess it's the wallet's task to check if a fee isn't outrageous, but i have no idear which popular wallets actually do a quick feecheck before broadcasting a transaction

This feature would save a lot of funds for those people.
I guess mass adoption will only happen when most wallets will think over most basic stuff like this

[abokhalel2]

It’s funny to watch people make such stupid mistakes.

Of course this user is sorry, but he is to blame.

[qomariah95]

From Facebook and telegram social media. This matter is very lively discussed for today, the first time I saw that. like strange and surprised. Maybe this is my first time seeing a small transaction, but the costs are greater. was it on purpose or not?

[kensaii]

So, can we all agree this could be well-intended and nothing looks like a mistake? No way anyone in control of that many ETH could make a simple mistake like that. But more important, how we could prove that and where is the money goes?

[DarkDays]

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?

Well, that is the best way to make laundering money look legal.  Nice catch there pal.  I do think the same too.  Intentionally spiking the fee so that the "dirty" money looks like it was legitimately mined then split it with other members of the conspiracy.

Still unusual why he would use this system.

Technically he could spend $100k or so to build a mining operation so that he could mine the block himself and confirm his own transaction.

But instead, he seems to have partnered with Sparkpool, which might try to take at least half of the money. Because of this, we can only assume that the person either works directly with SparkPool to somehow get away with the majority of the money, or that he is taking advantage of the way SparkPool distributes the rewards to users.

He could have simply used one of the many ethereum mixers out there or converted and mined it as Monero. Both options would have been far cheaper.

Something suspect is afoot.

[distr@yopmail.com]

So, can we all agree this could be well-intended and nothing looks like a mistake? No way anyone in control of that many ETH could make a simple mistake like that. But more important, how we could prove that and where is the money goes?

most likely he was wrong in setting the GAS for ETH transactions. making a mistake in typing the numbers certainly affects the value of the fees we pay. but if it was intentional, maybe it was just something done by part of the ethereum development team.

[cryptoperkele]

Sparkpool is on the case and promising a solution. That's pretty decent of them i think.



I am betting that most of people would had taken the money and run when it's wouldn't be even illegal to do that.

[Vishnu.Reang]

That is a huge fee. Gladly for him he have enough ETH left in his wallet. 

Well.. you never know. What if the ERC-20 address in question was owned by an exchange or an ICO? In that case the users will suffer. Because the losses will be passed on to the end-users. And the problem with Ethereum is that even if the user request for a refund of the transaction fee, the process is extremely complicated (it is very complicated in case of Bitcoin as well, but there were incidents when it was made possible).

[South Park]

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?

This is a very interesting theory about the situation and it could be true, however if this was really a mistake this could be very easily avoided if wallets added a very simple security measure, if for example you are sending twice as much money in fees than the money that you are sending in the transaction itself then a warning message should appear telling you if that is what you want to do, there are some cases in which this could be justified like when you are sending a very small amount of money to another person, but in almost any other case sending such high fee is obviously a mistake and the user will have an opportunity to realize his mistake and correct it.

[serjent05]

Sparkpool is on the case and promising a solution. That's pretty decent of them i think.

~snipped

I am betting that most of people would had taken the money and run when it's wouldn't be even illegal to do that.

Well kudos to them if they will return the amount that was input "accidentally" as tx fee.  As of the person who made that mistake, is he drunk or something (assuming that this is wholely a mistake ).  I hope someone will send a link of the transaction owner statement here.