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

[bluebit25]

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.

That's a lot of money, and I believe they will never be so confused. They have to check it many times before making a transaction, and I think they are intentionally creating this transaction. But I do not know their true purpose

[cryptofirm]

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,, just sent about 0.55 Ether with Transaction Fee: 10,668.73185 Ether this is really big mistakes ,
thats why people should double check their transactions before send it

[bakasabo]

Another example of huge transaction fees. I cant believe this was done by mistake or someone just miss-clicked. There might be something shady behind this or another way of fund laundering.

https://etherscan.io/tx/0xfd10c9a4507c4ebf1db9f71e05ba8ea09f3603c9012c24195d731a1fadfa14d9
https://etherscan.io/tx/0xdc7c6482e73e95a4e90c7cb5e0b6a5acb8d997bd53a064a0f19b2457f40910be

[Franco772]

This has been repeated more than once, and no longer looks like an ordinary mistake. It seems to me that there is some benefit behind this and we should find out soon

[unichain.world]

That transaction may not sent from trusted wallets. Check the fee limit is one of basis functions of every popular wallets.

[FanEagle]

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.

Yeah that is the thing about these transactions, we really don't know why anyone would do it knowingly and why this could be anything at all, we are trying to see a reason why anyone would do this to benefit themselves and we are having hard time finding it out. Fee is something that usually goes to miners, am I missing something there? Isn't it the miners who get the fee?

If that is the case, and if that person is willing to lose that much money to miners, that means in order to profit from this, he has to make sure that he gets it back (or anyone he knows that is a miner) and how can you be so sure about mining a certain block with that money in it? Or maybe there is some other blockchain feature that I am not aware of? I really have ZERO clue about what someone could gain from doing this, no idea.

[pandanaran]

Shipping costs are much more expensive than the amount of shipping? I have just seen this strange event. Is this a hacker attack? or BUG error? I can't imagine how this address owner feels, this is a big amount of money, hopefully things like this won't happen again.

[bearexin]

WTF! Wait, is this a joke or what? When I saw the topic I thought the op was kidding. Damn, I’m really confused , like how did this kind of thing happen? How does someone pay up to $2 million plus for just to send hundred bucks? That’s insane. Is it that he or she didn’t see the fees before approving the transaction or they just did it on purpose?

I have used several wallets and when I’m making transaction there is this place where they will write the amount you’re paying for fees, just like Blockchain wallet and I always look at that before sending to know how much I’m paying. I just don’t understand what happened in this case, wish the person was here to explain why they did such. Bruh, $2 M can change my life! Lol .

[forexandcryptoauditor]

I do not believe this is a mistake from him/her. For sending 0.55 ETH, the transaction fee paid was 10K ETH. It seems to be some glitch to do money laundering. Even to transfer 0.01 ETH I always check how much minimum fees I can pay compromising duration. Of course, this seems to be done intentionally.

[posporo]

There are new 2 transactions, the one which is mined by Sparkpool and F2Pool so I guess the security for the block is low, there are some bugs that the miners are taking advantage of or there are person who is responsible for all of this which is a trusted one. I hope all of it would be fix as fast as possible.

[Saisher]

This has been repeated more than once, and no longer looks like an ordinary mistake. It seems to me that there is some benefit behind this and we should find out soon

There's no benefit paying millions of fee for a  few hundreds of transaction it's insane if you are going to try this, this has been the hottest topic this week and everybody are speculating, I hope it's not on the network or some kind of a bug, it will be a disaster if it is, I hope it's a mistake on the holder's part, I also want to know how did it happen, this is something for the record.

[btc78]

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?

This is sad but reality mate because even it is  obligation to keep our transaction beyond our control but incident happens and there must be some security that will save us from losing too much money.

This event is very frustrating and may cause bad image to others using crypto currency specially about bitcoin.

There are new 2 transactions, the one which is mined by Sparkpool and F2Pool so I guess the security for the block is low, there are some bugs that the miners are taking advantage of or there are person who is responsible for all of this which is a trusted one. I hope all of it would be fix as fast as possible.

well this Bugs must be in control and not doing any harm to crypto users.

[lobo13hf]

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.

He was no drunk but it looks like be forget if he was putting a very big gwei that the result will consume the same amount like what they have been sending to the another address. We must always aware about how much gwei that already applied in the wallet before try to send anything.

[Karartma1]

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

[cryptoperkele]

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

I have updated this link to the first post 2 days ago. However, this is just another theory, and while it's a good theory, it's still just speculation. We might never hear what has really happened behind the curtains unless the owner comes forward, and i find that unlikely.

[bayudndy]

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

But how can hackers get that money? As far as I know, the fees will be transferred to the miners. And if the truth is what you say, this is a very bad in this market

[cryptoperkele]

Update on the matter
Hackers blackmail exchange with $5 million of Ethereum fees: in the last days, three bizarre Ethereum transactions have spent $5.7 million on fees. But a report claims it’s not a bug—an exchange is being blackmailed.
https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

But how can hackers get that money? As far as I know, the fees will be transferred to the miners. And if the truth is what you say, this is a very bad in this market

Did you read the article at all? According to this theory hackers are not getting the money, it's just blackmailing. Honestly i think that there's more into this and i can't see this theory itself affecting the market.

[Vishnu.Reang]

So how reliable you guys think PeckShield is? As of now, no one is sure whether this is a GasPrice ransomware attack. But I have to say, in case this theory is true, this is a very bizarre type of ransom attack. If the exchange doesn't heed to the threats, then the hackers won't gain anything. But at the same time the exchange may lose huge amounts.

[totoy4741]

yes this case has happened and in my opinion this may be because the sender does not know how to do ethereum delivery which has a certain gas and maybe the sender did it deliberately because it has too much ethereum. 

The sender sure knew how to use or how it works because he/she has and ethereum wallet and there more than like $11mnl in his accounts with numbers of transactions. How come he/she would not know that kind of stuff. Probably he/she was wasn't aware where did he/she the numbers he/she was sending and that is the result.

[altscaner]

So how reliable you guys think PeckShield is? As of now, no one is sure whether this is a GasPrice ransomware attack. But I have to say, in case this theory is true, this is a very bizarre type of ransom attack. If the exchange doesn't heed to the threats, then the hackers won't gain anything. But at the same time the exchange may lose huge amounts.

It was very strange, but what I feared was that the hacker learned something from this case and succeeded in developing a peckshield to an even more horrifying ransome and they managed to get millions of dollars without having to waste a lot of gas fees.