{"id":16013,"date":"2024-08-12T10:40:10","date_gmt":"2024-08-12T07:40:10","guid":{"rendered":"https:\/\/forklog.com\/en\/user-pays-89000-for-2200-ethereum-transfer\/"},"modified":"2024-08-12T10:40:10","modified_gmt":"2024-08-12T07:40:10","slug":"user-pays-89000-for-2200-ethereum-transfer","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/user-pays-89000-for-2200-ethereum-transfer\/","title":{"rendered":"User Pays $89,000 for $2,200 Ethereum Transfer"},"content":{"rendered":"<p>An unidentified user likely paid 34 ETH (~$89,239) in gas fees by mistake for transferring 0.88 ETH worth ~$2,262. This was noted by on-chain analyst DeFiac.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Someone just burned ~$90k on tx fee for a simple eth transfer. <a href=\"https:\/\/t.co\/R9beCnNZv1\">pic.twitter.com\/R9beCnNZv1<\/a><\/p>\n<p>\u2014 DeFiac (@TheDEFIac) <a href=\"https:\/\/twitter.com\/TheDEFIac\/status\/1822757900349026478?ref_src=twsrc%5Etfw\">August 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/ycharts.com\/indicators\/ethereum_average_transaction_fee\">YCharts<\/a>, the average transaction fee on the Ethereum network fell to $0.52 on August 10, the lowest since January.<\/p>\n<p>Data from <a href=\"https:\/\/etherscan.io\/gastracker\">Ethereum Gas Tracker<\/a> indicates that at the time of writing, the network fee for the most expensive transaction \u2014 an NFT sale \u2014 is $6.14 for high priority.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome.webp\" alt=\"2-Gwei-Ethereum-Gas-Tracker-Etherscan-Google-Chrome\" class=\"wp-image-238736\"\/><figcaption class=\"wp-element-caption\">Data: Ethereum Gas Tracker.<\/figcaption><\/figure>\n<p>Occasionally, the industry records transactions with anomalously high fees.<\/p>\n<p>In September 2023, a blockchain transaction of 0.074 BTC incurred a fee of $510,750.<\/p>\n<p>Media identified the infrastructure company Paxos as responsible for the transaction. The firm described the overpayment as a one-time error. The mining pool F2Pool returned 19.82 BTC after necessary checks.<\/p>\n<p>In November, a user paid a fee of 83.65 BTC ($3.1 million) for transferring 55.77 BTC ($2.1 million), setting a new record for miner rewards in dollar terms for transaction confirmation.<\/p>\n<p>The sender, known as 83_5BTC, claimed to be a victim of a hacking attack.<\/p>\n<p>The AntPool expressed willingness to return the record fee upon user identity verification.<\/p>\n<p>In January 2024, an unknown individual <a href=\"https:\/\/u1f987.com\/en\/news\/user-pays-173000-fee-for-bitcoin-transaction\">paid<\/a> 4.03 BTC ($173,148) for a single Bitcoin transaction of 2.9 BTC.<\/p>\n<p>Some commentators suspect such operations may involve money laundering. Similar suspicions have arisen in this case.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Money laundering?<\/p>\n<p>\u2014 . (@Broswar1) <a href=\"https:\/\/twitter.com\/Broswar1\/status\/1822766562547306896?ref_src=twsrc%5Etfw\">August 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In April, a user <a href=\"https:\/\/u1f987.com\/en\/news\/user-pays-17500-fee-for-1-34-btc-transfer\">spent $17,500<\/a> on a transaction of 1.34 BTC (~$87,000 at the time).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An unidentified user likely paid 34 ETH (~$89,239) in gas fees by mistake for transferring 0.88 ETH worth ~$2,262. This was noted by on-chain analyst DeFiac. Someone just burned ~$90k on tx fee for a simple eth transfer. pic.twitter.com\/R9beCnNZv1 \u2014 DeFiac (@TheDEFIac) August 11, 2024 According to YCharts, the average transaction fee on the Ethereum [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1227,46],"class_list":["post-16013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-cryptocurrency-transactions","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16013"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16012"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}