THELOGICALINDIAN - This could be the costliest aberration to date committed on the Ethereum blockchain
Someone seems to accept afield paid $2.5 actor in Ethereum transaction fees to accelerate aloof $133 in ETH. Though, the absolute acumen could be added nefarious.
A $2.5 Million Ethereum Transaction Fee
Earlier today, aloof afore 10:00 UTC, a transaction was beatific on the Ethereum arrangement that amount the sender over $2.5 million. Instead of opting for a fee that could be as low as $0.5, the sender paid 10,668.73 ETH, account $2.59 million, to accelerate 0.55 ETH, account $133.85 at columnist time.
The fee went to Spark Pool, a Chinese mining basin that candy the transaction. The basin paused payouts to its miners and is cat-and-mouse for the sender to acquaintance them.
The transaction was included in block 10,237,208 by Spark Pool, an Ethereum mining basin based in China. Spark Basin has back blocked the payout to its miners, cogent its followers on Twitter that they are currently investigating the almighty aerial fee and are aggravating to analyze the owner.
Money Laundering or Honest Mistake?
Spark Pool alleged on the association to accommodate tips on the abstruse transaction. Though, this wasn’t the aboriginal time that Spark Pool has had to accord with a transaction with such an almighty aerial fee. Historically, Spark Pool has managed to acquisition and breach the fee with the aboriginal sender anniversary time.
Last year, Spark Pool froze the payout of 2,100 ETH they accustomed for mining a block, account over $300,000 at the time. It managed to analyze a blockchain aggregation based in South Korea as the sender of the transaction, chief to breach the accolade with them.
While rare, these kinds of affairs aren’t a new affair in the crypto sphere. According to Cornell assistant and architect of AVA Labs Emin Gün Sirer, these “goose egg” affairs do appear occasionally.
There are two accessible explanations for these mistakes, he said, with the aboriginal actuality an honest mistake—someone accidentally swapping the bulk they capital to accelerate with the fee they specified. A additional account could be that miners are bed-making money by bark “dirty” bill through transaction fees, axis them into apple-pie tokens.
It’s still cryptic whether this was a case of money bed-making or a simple mistake.
