CandleFocus This User Just Paid $700,402 as Ethereum Transaction Fees to Send Nothing
2024-10-08
Author: Content Editor
A wallet on the Ethereum network accidentally paid a transaction fee of 288 ETH (equivalent to $700,402 at the time) for a transfer of 0 ETH to a receiving address. The reasons for the excessive fee are not known, but it is speculated to be a result of a "fat finger" error. The wallet address involved later made another transfer, paying a fee of $0.1 to transfer 96 ETH to a white hat hacker, raising suspicions that the transaction was intentional. The hacker flagged the sending address as a compromised wallet and called for the stolen funds to be returned. This incident is one of several similar cases where excessive transaction fees were paid on the Ethereum network.
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