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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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