Express

Another $2.6 Million Worth Of Transaction Fee? Experts Infer A Bug In Wallet Software

Dawn Wu

Summary: The same address that sent 0.55 ether yesterday with a transaction fee of 10,666 ETH, nearly $2.6 million, squandered another appalling 10,668 ETH to transfer 350 Ether, which valued at $87,020.50.

The same address that sent 0.55 ether yesterday with a transaction fee of 10,666 ETH, nearly $2.6 million, squandered another appalling 10,668 ETH to transfer 350 Ether, which valued at $87,020.50.

Yesterday the crypto community witnessed a hectic transaction of $133 worth of ETH with a commission of almost $2.6 million, which some regarded as an accident. However, 16 hours later, another commission of close to $2.6 million worth of ETH proved the theory wrong. 

Forbes reported that experts from the Block and Cornell University both deemed the incident as software malfunction, which resulted in a swap of the transaction and commission.

By Dawn Wu

  • What to Expect from Bitcoin 2024 16 hours ago
  • Ethereum All Core Developers Execution Call #192 Writeup 6 days ago
  • The Product Gap in Blockchain: Shifting Focus from Infrastructure to User-Centric Appli... 7 days ago
  • What Would a Trump Presidency Mean for Bitcoin? 8 days ago
  • Google’s move on Wiz: a cybersecurity game-changer, or another pointless splurge? 10 days ago
  • You need to login to comment.