Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction | Crypto Craft

  • Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

    From coindesk.com

    A crypto market participant has accidentally paid a fee 80 times the transaction value while executing a swap on the DeFi liquidity protocol Uniswap. About 14 hours ago, the address "0xe6e2e0cf5d2686d73abd7d3ba24f46ad5eb31819" – claimed by Reddit user "ProudBitcoiner" – swapped 0.2955 wrapped ether (WETH) for 531 chi gastoken (CHI) (worth $120) on Uniswap and paid 23.5172 ETH ($9,430 at time of writing) in transaction fees. Mining pool Ethermine processed the transaction and collected the windfall fee, which was way higher than the current average of 0.0022 ETH ($1.07). Often users manually offer a ... (full story)

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TudorIoan
Nov 6, 2020 3:23am
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People need education. They must see that bitcoin is an abominable scam.
Bitcoin just can't be money for it doesn't scale and it never will.
Lighting Network is the bullshit they try to sell you to make you think otherwise
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Not-KPMG
Nov 5, 2020 10:05am
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Idiots many.....

Ohhhh
DEFI is scam
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Not-KPMG
Nov 5, 2020 10:06am
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Dumb crowd need education.....
Lost battle
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