#ETH

Somebody paid ETH10,666 as transaction fee! Any ideas what actually happened?

1 answers
1 votes
Somebody paid ETH10,666 as transaction fee! Any ideas what actually happened?
asked 
Somebody paid ETH10,666 as transaction fee! Any ideas what actually happened?

Check this transaction at Etherscan and come back with your findings:

https://etherscan.io/tx/0xca8f8c315c8b6c48cee0675677b786d1babe726773829a588efa500b71cbdb65

Answers

newest most voted
Gemstar

A supposedly impossible, isolated occurrence. Must have been a freak accident (committed by a human) since this is highly unexpected for fees that are normally and predictably an insignificant amount.

wakqasahmed

A new theory has been developing “An exchange is being blackmailed by hackers”.

In a recent tweet, Vitalik Buterin said:

“So the million-dollar txfees *may* actually be blackmail.

The theory: hackers captured partial access to exchange key; they can’t withdraw but can send no-effect txs with any gasprice. So they threaten to “burn” all funds via txfees unless compensated.” https://twitter.com/VitalikButerin/status/1271463564440678401

Someone being funny replied: “For those looking for an english version:” and shared the following link which explains this in simple language:

https://decrypt.co/32145/hackers-blackmail-exchange-with-5-million-of-ethereum-fees-report

c
@wakqasahmed

Mmm… don’t think so https://www.reddit.com/r/ethereum/comments/h089r9/transaction_paid_10k_eth_in_fees_to_transfer_055/

”
lukarmari: Well my understanding was once you broadcast a transaction to the network all the pools / solo miners start the mining process so unless the miners themselves can collaborate (kind of Byzantine tolerance being broken) there is no way to determine which miner’s block will the transaction end up in. How could a scheme like this work (meaning how do I essentially choose a miner)?

Iron0ne: This is the truth. This would be a retarded way to launder coins are anyone mining would have as good a change as you to get the coins
“

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