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

[wwzsocki]

Doesn't look like this was an accident....

...it is a suspicious transaction (maybe well planned) to create FUDs, to do money laundering...

If this is the case then they succeeded already, especially after this second transaction there is no way that this is a mistake.

The only obvious reason which is coming to my mind is of course money laundering in the purest form.


https://twitter.com/atvanguard/status/1270677416185192448

Anyways, it still can be a mistake even if unreal becaue both transactions are available for refund in both mining pools (Sparkpool and Ethermine), as we can read on Bithub.pl website.

https://bithub.pl/kryptowaluty/bitcoin/wieloryb-jak-ta-lala-13-mld-usd-w-btc-poplynelo-przez-siec/

[1714631802]

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[1714631802]

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[Karartma1]

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.

Nice catch I'd say: it does make a lot of sense. Looking at the sender it looks like they have a pretty large balance and your idea fits in the game. Will monitor that address for educational purposes. That's the beauty of a blockchain.

[istiak2277]

I am just thinking about what that guy is doing after seeing this. I am also thinking that is that really a mistake or someone trying to do something intentionally. I do not think even a dumb can be that stupid that he or she will spend that much money as a fee. If that's a mistake is that possible to get refunded that money? Let's wait for any tweet from that guy.

[Pffrt]

I think DarkDays is correct. It's not a mistake, fat finger or any thing other than a form of money laundering. There's no dumb can use such a big fee by mistake and I can't see any way of it happening unintentionally too. They just made the ETH white money. Another form of mixing.

[rahmatullah9305]

This is awful. Especially with knowing that the fund is non refundable. That's why one should use wallet address that shows charges of transactions before confirmation. One should also be calm and carefully check before confirming the transactions.

Yes, because if it is already like this it will be very difficult to recover, moreover the amount of funds is also very large, and indeed in terms of conducting transactions it is recommended to be more careful so that someone is not mistaken in making transactions.

[jcpone]

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.

2M$ almost just for a fee's? that's really insane and sounds ridiculous to others. I can't imagine the fee is more higher than the withdrawal amount, damn! this sounds really crazy man, this big mistakes is a big lesson as well to all of us here in this business industry in cryptocurrency. Therefore, we need to be more careful too.

[cryptoperkele]

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.

Vitalik seems to think that this was an accident. But i guess he wants to think that because any other suspicious activity doesn't make eth look very good for the public eye.

I wonder what he thinks about that other accident that happened right after this from the same address.

[Santri]

first transaction 1 day 5 hrs ago (Jun-10-2020 09:47:04 AM + UTC) Transaction Fee: 10,668.73185 Ether ($ 2,568,177.13)
second transaction 11 hrs 18 mins ago (Jun-11-2020 03:30:12 AM + UTC) Transaction Fee: 10,668.73185 Ether ($ 2,570,097.50

I think there is something behind all this and it's impossible if it was done accidentally, because everyone won't make the same mistake twice.

[Gayong88]

Someone just paid a $ 2.6 million fee while sending only $ 133 in ETH

It's like a joke to me, certainly those who make the transaction are aware of what they want to do.

[Taufik blackspade team]

Someone just paid a $ 2.6 million fee while sending only $ 133 in ETH

It's like a joke to me, certainly those who make the transaction are aware of what they want to do.

I suspect there was an error in writing transaction costs. there is no joke like that. unless the wallet is the property of the owner of Ethereum itself.

[yazher]

The only thing I can say about this thing is, at some point in our life we won't really get what we've wanted and the result is always not satisfying. like what happened to this man, We are sure that this is insane and a huge mistake. How can someone do that? Does he want to be a part of some dark history of Etherium? Whatever happens here, this transaction has shaken the whole crypto industry but things have already happened and we can't do something about it now. let's just move on and pray for the quick recovery of this poor hodler.

[voteformeg]

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 , that was shocking to read but i do not see why ethereum adoption will be further away , for sure it is a big mistake , but i think it is almost hard , to make such mistakes when you are dealing with transactions from that caliber , i check every transaction twice , and they are much smaller

[el kaka22]

This happens quite frequently and I believe there should be some sort of protection against this in the blockchain world. For example when you are sending money, it should have some sort of calculation like "you can't pay more fee's for transaction cost than the entire money you are sending". That way if you send 133 dollars worth of eth, the maximum you can pay will be 133 dollars worth of eth in fee's, it is still a ton of money but when you compare it to 2.6 million dollars it is not even remotely close. I think that way you would be capable of warning people of not doing something like that.

If the blockchain developers are capable of something like that, instead of a warning popping up on your screen, it should be more like incapability of doing it even if you want to, not sure how, like maybe return the money back? I don't know but it should be blocked somehow.

[JeffBrad12]

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

that's his mistake by putting a really huge gas fee while he was not doing double-check to his transaction again if that was consuming a lot of ethereum as the fees.  At least he is still having a lot of money on his wallet.
The old accident is not so bad like this case considers it's million dollars worth of money. he was using lambo to pay the fees.

[Baoanhbmt]

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.

[coinsycrip09]

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.

yeah, that's possible.
if i were in his position, maybe i would be half crazy and really would feel so sorry.
i hope the sender won't go crazy.

seeing this incident, i am increasingly very careful in doing anything with my wallet. i do not want to make mistakes like this, well even though the contents of my wallet is not as thick as hers. but whatever the value of the assets that i have, i don't want to suffer losses due to stupid mistakes.

[layoutph]

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.

[lizarder]

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.

[rz20]

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.

[niisarearning]

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.