Miner Refunds The Giant Sum Of 7,626 Ethereum Mistakenly Sent By Bitfinex
September 29 2021 - 8:17AM
NEWSBTC
With all the exploits and hacks in the crypto industry, it is
shocking that some players have remained sincere. Many exchanges
have already lost considerable sums to criminals, and while some
get refunded, others don’t. For example, in the case of Bitfinex, a
user nearly lost 7,676 ETH in a wrong payment transaction. The
decentralized exchange mistakenly sent a $23 million payment in gas
to the miner when it was supposed to be $100,000 in Tether. Related
Reading | New To Bitcoin? Learn To Trade Crypto With The
NewsBTC Trading Course When the DeversiFi team discovered what had
happened, they quickly assured users that their funds were safe.
According to them, it was an erroneous transaction and nothing
else. Luckily, the company owned up to the mistake and agreed to
bear the brunt of the loss if nothing else could be done to recover
the money. However, the miner is one of the sincere ones.
Therefore, block 13307440 owner agreed to return 7626 of the
ETH, which the hardware address sent as payment. The blockchain is
immutable. But the revolution we are part of is defined by our
values as humans.⁰⁰ Thank you to the miner of block 13307440 who we
can confirm is returning 7626 ETH that were incorrectly paid today
as a tx fee. A post mortem will follow tomorrow.
https://t.co/FqkEZ9DK8P — DeversiFi 🥷 (@deversifi) September 27,
2021 While the company says thanks to the miner, the community is
not satisfied. The discrepancy in the returning figure shows that
the miner is holding 50 ETH worth $150,000. Users Blame High
Ethereum Gas Fees Users now blame the increasing Ethereum fees as
the cause of the mistake. In a recent report by BitinfoCharts,
Ethereum’s price on transactions is currently at $45. So instead of
falling as expected, the costs are increasing. Ethereum trades in
an upward trend | Source: ETH-USD on TradingView.com Related
Reading | Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin
Price Shakes Moreover, the swapping fee on Uniswap stands at $74,
and the fees for smart contract activities are even higher.
Thankfully, the burn rate remains at 5 ETH/minute. Featured Image
by Pixabay - Charts by TradingView
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