Etherscan
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44 Billion $SHIB Bought and Sold Over Past Hour in Anticipation of #Shibarium Release
According to data provided by the #Etherscan tracker, over the past 60 minutes, whales have managed to transfer a whopping 44 billion SHIB. These billions of Shiba Inu were moved in 12 transactions, each carrying from one billion to eight billion SHIB. The majority of these meme coins were either withdrawn from large exchanges or moved to their #wallets from anonymous addresses as #whales have been buying and selling these SHIB.
According to data provided by the #Etherscan tracker, over the past 60 minutes, whales have managed to transfer a whopping 44 billion SHIB. These billions of Shiba Inu were moved in 12 transactions, each carrying from one billion to eight billion SHIB. The majority of these meme coins were either withdrawn from large exchanges or moved to their #wallets from anonymous addresses as #whales have been buying and selling these SHIB.
Before buying must check either whales are buying or selling a coin?
Here is full detail how can you check a coin or token with example. We can check a token easily but complicated but not impossible . So, read full post to understand better .
First learn difference about a token and coin.
A coin has its own #Blockchain on other side a token minted on another Blockchain , their fore coins like Ethereum or Bitcoin has no it's own contract address bcz contract address is representative of a token . so, a coin has its own Blockchain their for they don't need any contract address .
Now let's discuss how to check either whales are buying a coin or selling , Follow below steps :
1. Select your coin >> Open it's explorer .
2. We will consider $ETH as an example . Open ETHERSCAN in browser.
3. Look for an option like Holders, top account etc. In #Etherscan you can find TOP Account option under Blockchain option .
4. Open it and look at top 20 holders are they buying and selling .
5. Select each of them and check either hid number of tokens is increasing or decreasing .
The second way you can use is #ARKHAM website.
1. Open Arkham in browser.
2. Search for any coin you want.
3. Look trend either moving from exchanges to wallets or wallets to exchange .
4. You can also check either Black Rock or any other big entity or Government is buying or selling .
This is how you can trace whales of a coin. If you have any question ask in Comments I will reply it. For token details complete 100 likes on this post we will write for it also.
Follow #MU_Traders for more updates .
#July_NonFarmPayrolls_Shock $SOL $BTC
Here is full detail how can you check a coin or token with example. We can check a token easily but complicated but not impossible . So, read full post to understand better .
First learn difference about a token and coin.
A coin has its own #Blockchain on other side a token minted on another Blockchain , their fore coins like Ethereum or Bitcoin has no it's own contract address bcz contract address is representative of a token . so, a coin has its own Blockchain their for they don't need any contract address .
Now let's discuss how to check either whales are buying a coin or selling , Follow below steps :
1. Select your coin >> Open it's explorer .
2. We will consider $ETH as an example . Open ETHERSCAN in browser.
3. Look for an option like Holders, top account etc. In #Etherscan you can find TOP Account option under Blockchain option .
4. Open it and look at top 20 holders are they buying and selling .
5. Select each of them and check either hid number of tokens is increasing or decreasing .
The second way you can use is #ARKHAM website.
1. Open Arkham in browser.
2. Search for any coin you want.
3. Look trend either moving from exchanges to wallets or wallets to exchange .
4. You can also check either Black Rock or any other big entity or Government is buying or selling .
This is how you can trace whales of a coin. If you have any question ask in Comments I will reply it. For token details complete 100 likes on this post we will write for it also.
Follow #MU_Traders for more updates .
#July_NonFarmPayrolls_Shock $SOL $BTC
🔔 Breaking News:
#Etherscan expands its horizons with the acquisition of #Solscan , the leading block explorer in the Solana ecosystem!
This strategic move aims to improve blockchain data accessibility and contribute to the continuous evolution of the Solana ecosystem.
#blockchain #Cryptocurrrency #CryptoPatel
$BTC $ETH $SOL
#Etherscan expands its horizons with the acquisition of #Solscan , the leading block explorer in the Solana ecosystem!
This strategic move aims to improve blockchain data accessibility and contribute to the continuous evolution of the Solana ecosystem.
#blockchain #Cryptocurrrency #CryptoPatel
$BTC $ETH $SOL
Reveal the list of rich people in #Shiba.Inu.currency | Here's who owns the largest amounts of SHIB.
_#Etherscan provided data on the accounts holding the most #Shiba.Inu.(SHIB).tokens . The cryptocurrency tracking platform also revealed the current balance of each SHIB holder. Here are the top Shiba Inu holders showing that the wallet with the highest amounts of memes is the Shiba Inu wallet with the “#Null ” ending -6942069. This is one of the wallets containing Shiba Inu tokens that have been burned so far. These tokens are usually sent to the “empty” wallet and then automatically locked. Data from Etherscan shows that it contains 410,369,185,421,021 SHIB which is worth approximately $4,124,210,313.
$SHIB
#FollowUsNow To see more breaking news ✅🙏💵🚀💯
_#Etherscan provided data on the accounts holding the most #Shiba.Inu.(SHIB).tokens . The cryptocurrency tracking platform also revealed the current balance of each SHIB holder. Here are the top Shiba Inu holders showing that the wallet with the highest amounts of memes is the Shiba Inu wallet with the “#Null ” ending -6942069. This is one of the wallets containing Shiba Inu tokens that have been burned so far. These tokens are usually sent to the “empty” wallet and then automatically locked. Data from Etherscan shows that it contains 410,369,185,421,021 SHIB which is worth approximately $4,124,210,313.
$SHIB
#FollowUsNow To see more breaking news ✅🙏💵🚀💯
🚨 Security Alert: #Ledger Incident
Incident Summary:
- Target: #Ledger
- Attacker: #LedgerExploiter
- Stolen Assets: ~$484K
Transaction Details:
- Transfer: 4.334 $ETH to #AngelDrainer
- #AngelDrainer Holdings: $363K
Security Response:
- Action Taken: Tether blocked #LedgerExploiter's address 40 mins ago.
Etherscan Transaction Link:
https://etherscan.io/tx/0xf2b76233561ded9382612352eb4cd511e081b715b577c2e2236704af9e8050f4
Stay vigilant and secure your assets.
#ETHEREUM #fomc #HackAlert #Etherscan
$BTC $BNB
Incident Summary:
- Target: #Ledger
- Attacker: #LedgerExploiter
- Stolen Assets: ~$484K
Transaction Details:
- Transfer: 4.334 $ETH to #AngelDrainer
- #AngelDrainer Holdings: $363K
Security Response:
- Action Taken: Tether blocked #LedgerExploiter's address 40 mins ago.
Etherscan Transaction Link:
https://etherscan.io/tx/0xf2b76233561ded9382612352eb4cd511e081b715b577c2e2236704af9e8050f4
Stay vigilant and secure your assets.
#ETHEREUM #fomc #HackAlert #Etherscan
$BTC $BNB
Ethereum Foundation Continues Sell-Off As Institutions Turn Bearish On ETH Price
#Ethereum Foundation has once again raised investor concerns globally, selling 200 ETH on Monday. On-chain data revealed that the selloff took place via two transactions, raising eyebrows among market watchers as the coin currently rides bearish waves in the broader industry.
Market stats reveal that #Ethereum outflows continue to surge despite recent macroeconomic events jacking up risk assets. Traders and investors -speculate over what lies ahead for the second-largest cryptocurrency by market cap.
Ethereum Foundation Dumps 200 #ETH Raising Bearish Market Concerns
According to #Etherscan data on September 23, Ethereum Foundation sold 200 ETH for 527,989 DAI today. This massive selloff brought ETH sales in September to a total of 1,150 ETH, worth $2.8 million.
Notably, the organization has been recorded selling #ETH on a regular basis for the past few days. As per the data, the last sale was reported to be just three days ago. The wallet address linked to the organization was registered as ‘0xd77.’ Primarily, the selloff amid a volatile Ethereum market has sparked investor concerns globally.
CoinShares data illustrated that Ethereum recorded weekly outflows of $28.5 million despite the Fed’s 50bps rate cut last week. Further, month-to-date outflows totaled $145.7 million, solidifying investor skepticism around the asset.
Conversely, it’s noteworthy that BTC saw $284 million weekly inflows and $76 million inflows month-to-date. This data indicates that institutions remain bearish on the ETH market despite macroeconomic events offering support to risk assets.
#ETH Price Performance Today
Meanwhile, the coin has defied bearish market sentiments despite the abovementioned selloff, trading in the green today. At press time, Ethereum (ETH) price traded at $2,635, up 2% in the past 24 hours. The coin’s intraday low and high were recorded as $2,528.52 and $2,685.68, respectively.
Intriguingly, Coinglass data indicated a slight 0.69% jump in ETH’s futures open interest to $12.09 billion today. Moreover, the derivatives volume surged 77.12% to $28.37 billion, sparking contrasting sentiments over the asset’s future movements.
Nevertheless, a recent price analysis by CoinGape Media reveals that the coin struggles to gain a significant upside action as supply on exchanges grows amid the Foundation’s continued selling. Further, the coin remains primed to face intense selling pressure at the $2,800 level, presenting another hurdle. Crypto market participants continue to speculate about ETH’s future price action in light of recent market events.
Market stats reveal that #Ethereum outflows continue to surge despite recent macroeconomic events jacking up risk assets. Traders and investors -speculate over what lies ahead for the second-largest cryptocurrency by market cap.
Ethereum Foundation Dumps 200 #ETH Raising Bearish Market Concerns
According to #Etherscan data on September 23, Ethereum Foundation sold 200 ETH for 527,989 DAI today. This massive selloff brought ETH sales in September to a total of 1,150 ETH, worth $2.8 million.
Notably, the organization has been recorded selling #ETH on a regular basis for the past few days. As per the data, the last sale was reported to be just three days ago. The wallet address linked to the organization was registered as ‘0xd77.’ Primarily, the selloff amid a volatile Ethereum market has sparked investor concerns globally.
CoinShares data illustrated that Ethereum recorded weekly outflows of $28.5 million despite the Fed’s 50bps rate cut last week. Further, month-to-date outflows totaled $145.7 million, solidifying investor skepticism around the asset.
Conversely, it’s noteworthy that BTC saw $284 million weekly inflows and $76 million inflows month-to-date. This data indicates that institutions remain bearish on the ETH market despite macroeconomic events offering support to risk assets.
#ETH Price Performance Today
Meanwhile, the coin has defied bearish market sentiments despite the abovementioned selloff, trading in the green today. At press time, Ethereum (ETH) price traded at $2,635, up 2% in the past 24 hours. The coin’s intraday low and high were recorded as $2,528.52 and $2,685.68, respectively.
Intriguingly, Coinglass data indicated a slight 0.69% jump in ETH’s futures open interest to $12.09 billion today. Moreover, the derivatives volume surged 77.12% to $28.37 billion, sparking contrasting sentiments over the asset’s future movements.
Nevertheless, a recent price analysis by CoinGape Media reveals that the coin struggles to gain a significant upside action as supply on exchanges grows amid the Foundation’s continued selling. Further, the coin remains primed to face intense selling pressure at the $2,800 level, presenting another hurdle. Crypto market participants continue to speculate about ETH’s future price action in light of recent market events.
🚨 URGENT Phishing Alert: DuckDuckGo Ranks Fake Etherscan Sites!
If you use DuckDuckGo to search for "Etherscan," watch out! Users are falling victim to phishing attacks that steal your crypto by posing as legitimate Etherscan websites. Instead of the real Ethereum block explorer, scammers are setting up fake sites to swipe your funds.
Here’s how it works:
- The fake sites prompt you to connect your MetaMask wallet.
- Once connected, hackers can drain your wallet without further permission!
- Recent Case: A user unknowingly signed a phishing request and lost over $520,000 in crypto. Sadly, this type of scam has cost users about $63 million in August alone!
Key Tip: Always double-check URLs before connecting your wallet. Hackers are getting sneaky, even using legitimate search results and ads on DuckDuckGo, Google, and Bing to trap users.
Scammers are growing bolder, targeting Web3 and DeFi spaces. Remember: If the link looks sketchy, don’t connect! Stay vigilant, crypto fam!
Stay safe and follow @Professor Mende - Bonuz Ecosystem Founder ! #CryptoSecurityResponse #PhishingScam #Etherscan #scamalert #phoshing
$BTC
If you use DuckDuckGo to search for "Etherscan," watch out! Users are falling victim to phishing attacks that steal your crypto by posing as legitimate Etherscan websites. Instead of the real Ethereum block explorer, scammers are setting up fake sites to swipe your funds.
Here’s how it works:
- The fake sites prompt you to connect your MetaMask wallet.
- Once connected, hackers can drain your wallet without further permission!
- Recent Case: A user unknowingly signed a phishing request and lost over $520,000 in crypto. Sadly, this type of scam has cost users about $63 million in August alone!
Key Tip: Always double-check URLs before connecting your wallet. Hackers are getting sneaky, even using legitimate search results and ads on DuckDuckGo, Google, and Bing to trap users.
Scammers are growing bolder, targeting Web3 and DeFi spaces. Remember: If the link looks sketchy, don’t connect! Stay vigilant, crypto fam!
Stay safe and follow @Professor Mende - Bonuz Ecosystem Founder ! #CryptoSecurityResponse #PhishingScam #Etherscan #scamalert #phoshing
$BTC
Etherscan, the leading blockchain explorer for Ethereum that was founded in 2015, announced its acquisition of Solscan in what’s described as a “collaborative merging.”
#Etherscan #solana #solscan
#Etherscan #solana #solscan
Etherscan Acquires Solscan.io to Expand its Blockchain Exploration Services. 🗺️📍♦️
Etherscan, the most popular block explorer and analytics platform for Ethereum, has announced its acquisition of Solscan.io, the leading block explorer for Solana. The deal is expected to benefit both platforms and their users, as they aim to provide more accessible and comprehensive blockchain data across multiple networks.
🔹 Why Etherscan Acquired Solscan.io
Etherscan's CEO Matthew Stan explained the rationale behind the acquisition, saying that it was a strategic move to tap into the growing user base of Solana, which is estimated at over three million monthly users. Solana is one of the fastest and most scalable blockchains in the market, attracting a lot of attention and innovation in the crypto space.
Stan also praised Solscan's expertise in offering detailed insights and analytics for Solana, saying that it aligns with Etherscan's mission of making blockchain data accessible and user-friendly. He added that the acquisition will allow Etherscan to leverage Solscan's existing features to enhance its services for its five million active monthly users.
🔹 What Users Can Expect from the Acquisition
The acquisition of Solscan.io is seen as a significant step in the world of blockchain exploration, as it promises to deliver more information and functionality for users of both platforms. Users can expect to access detailed information on addresses, tokens, and transactions, along with APIs, dashboards, and NFT metadata. They can also enjoy a seamless user experience, as Etherscan plans to integrate additional features and improve user support across explorers.
Etherscan is committed to providing neutral access to blockchain data and aims to enhance mainstream adoption. The acquisition of Solscan positions Etherscan to expand exploration services to other networks, advancing blockchain data accessibility.
#Etherscan #Solscan #eth #sol
Etherscan, the most popular block explorer and analytics platform for Ethereum, has announced its acquisition of Solscan.io, the leading block explorer for Solana. The deal is expected to benefit both platforms and their users, as they aim to provide more accessible and comprehensive blockchain data across multiple networks.
🔹 Why Etherscan Acquired Solscan.io
Etherscan's CEO Matthew Stan explained the rationale behind the acquisition, saying that it was a strategic move to tap into the growing user base of Solana, which is estimated at over three million monthly users. Solana is one of the fastest and most scalable blockchains in the market, attracting a lot of attention and innovation in the crypto space.
Stan also praised Solscan's expertise in offering detailed insights and analytics for Solana, saying that it aligns with Etherscan's mission of making blockchain data accessible and user-friendly. He added that the acquisition will allow Etherscan to leverage Solscan's existing features to enhance its services for its five million active monthly users.
🔹 What Users Can Expect from the Acquisition
The acquisition of Solscan.io is seen as a significant step in the world of blockchain exploration, as it promises to deliver more information and functionality for users of both platforms. Users can expect to access detailed information on addresses, tokens, and transactions, along with APIs, dashboards, and NFT metadata. They can also enjoy a seamless user experience, as Etherscan plans to integrate additional features and improve user support across explorers.
Etherscan is committed to providing neutral access to blockchain data and aims to enhance mainstream adoption. The acquisition of Solscan positions Etherscan to expand exploration services to other networks, advancing blockchain data accessibility.
#Etherscan #Solscan #eth #sol
Via #AnciliaAlerts on X, @rugged_dot_art has identified a re-entrancy #vulnerability in a smart contract with address 0x9733303117504c146a4e22261f2685ddb79780ef, allowing an attacker to #exploit it and gain 11 #ETH . The attack transaction can be traced on #Etherscan at https://etherscan.io/tx/0x5a63da39b5b83fccdd825fed0226f330f802e995b8e49e19fbdd246876c67e1f. Despite reaching out to the owner three days ago, there has been no response.
The vulnerability resides in the targetedPurchase() function, where a user can input arbitrary swapParams, including commands to 4. This triggers the UNIVERSAL_ROUTER.execute() function, and as per Uniswap Technical Reference, command 4 corresponds to SWEEP, invoking the sweep() function. This function sends ETH back to the user's contract, leading to a re-entrancy issue.
Within targetedPurchase(), a balance check is performed before and after calling _executeSwap(). Due to the re-entrancy problem, a user can stake tokens (e.g., from a flashloan) to satisfy the balance check, ensuring a successful purchase action where tokens are transferred to the user. The urgency of the situation is underscored by the ongoing waiting period for the owner's response, emphasizing the need for prompt attention to mitigate potential exploitation.
The vulnerability resides in the targetedPurchase() function, where a user can input arbitrary swapParams, including commands to 4. This triggers the UNIVERSAL_ROUTER.execute() function, and as per Uniswap Technical Reference, command 4 corresponds to SWEEP, invoking the sweep() function. This function sends ETH back to the user's contract, leading to a re-entrancy issue.
Within targetedPurchase(), a balance check is performed before and after calling _executeSwap(). Due to the re-entrancy problem, a user can stake tokens (e.g., from a flashloan) to satisfy the balance check, ensuring a successful purchase action where tokens are transferred to the user. The urgency of the situation is underscored by the ongoing waiting period for the owner's response, emphasizing the need for prompt attention to mitigate potential exploitation.
Via @Michaeltalkhere ($BPET dev team lead ) on X regarding the #PvP contract #exploit
As announced, I would like to disclose the details of the exploit and how did we get the money back.
Firsly, the reason of the exploit was there was a bug in ‘request swap from #POTION to #BPET ’ functionality that makes the exploiter be able to withdraw excessive amounts of $BPET tokens from the PvP contract after staking their own tokens.
Below are some noticeable withdrawing transactions the exploiter made.
(https://arbiscan.io/tx/0x058b8808e721f68c01c62ad70687f38f39d749bfc9d0e8f6be839c3af603dec6)
(https://arbiscan.io/tx/0x1ad1f7536e2d91cc5aeef6e29f948ee73fa760a482b0455ca78adade83c4ef53)
(https://arbiscan.io/tx/0x500713e7c025d5ab71e2446069a46a60009ef8060d2537bc4b29296c6f76f9d7)
Right after becoming fully aware of the exploit, we did 2 things
- Checked out to see if the exploiter’s addresses can be mapped with any Twitter profiles of any xPet users (and we found the user mapping with one of the exploiter addresses)
- Reached out to all partners in our network who can pour in the helps. They were explorer sites, centralized exchanges, privacy mixers, offramp tools, and security firms.
To be specific, #Etherscan team helped us to tag all 4 addresses related to the exploiter on Ethereum on Arbiscan as ‘xPet exploiter’. Thanks for that, the exploiter addresses were visibly exposed to and closely-watched by the public. All the centralized exchange, privacy mixer, and offramp tool teams helped to take close notice In case any of the exploiting address would have interactions with centralized exchange Hot wallets, privacy mixer contracts, or offramp tool depositing addresses. The security firms has helped us follow all, even smallest, onchain traces from the exploiter
In short, we had the combined efforts from multiple parties to closely monitoring the exploiter's movements and ensure that exploiter doesn’t have any chance to get the stolen funds mixed or obscured.
As announced, I would like to disclose the details of the exploit and how did we get the money back.
Firsly, the reason of the exploit was there was a bug in ‘request swap from #POTION to #BPET ’ functionality that makes the exploiter be able to withdraw excessive amounts of $BPET tokens from the PvP contract after staking their own tokens.
Below are some noticeable withdrawing transactions the exploiter made.
(https://arbiscan.io/tx/0x058b8808e721f68c01c62ad70687f38f39d749bfc9d0e8f6be839c3af603dec6)
(https://arbiscan.io/tx/0x1ad1f7536e2d91cc5aeef6e29f948ee73fa760a482b0455ca78adade83c4ef53)
(https://arbiscan.io/tx/0x500713e7c025d5ab71e2446069a46a60009ef8060d2537bc4b29296c6f76f9d7)
Right after becoming fully aware of the exploit, we did 2 things
- Checked out to see if the exploiter’s addresses can be mapped with any Twitter profiles of any xPet users (and we found the user mapping with one of the exploiter addresses)
- Reached out to all partners in our network who can pour in the helps. They were explorer sites, centralized exchanges, privacy mixers, offramp tools, and security firms.
To be specific, #Etherscan team helped us to tag all 4 addresses related to the exploiter on Ethereum on Arbiscan as ‘xPet exploiter’. Thanks for that, the exploiter addresses were visibly exposed to and closely-watched by the public. All the centralized exchange, privacy mixer, and offramp tool teams helped to take close notice In case any of the exploiting address would have interactions with centralized exchange Hot wallets, privacy mixer contracts, or offramp tool depositing addresses. The security firms has helped us follow all, even smallest, onchain traces from the exploiter
In short, we had the combined efforts from multiple parties to closely monitoring the exploiter's movements and ensure that exploiter doesn’t have any chance to get the stolen funds mixed or obscured.
For #crypto analysis you can use these tools
#CryptoCompare – Offers price comparisons, market data, and portfolio management tools.
#TradingView – Provides advanced charting tools and technical analysis for cryptocurrency markets.
#Etherscan or like others – An Ethereum blockchain explorer for tracking transactions and smart contracts.
#BinanceLaunchpoolHMSTR $BTC
#CryptoCompare – Offers price comparisons, market data, and portfolio management tools.
#TradingView – Provides advanced charting tools and technical analysis for cryptocurrency markets.
#Etherscan or like others – An Ethereum blockchain explorer for tracking transactions and smart contracts.
#BinanceLaunchpoolHMSTR $BTC
🕵️♂️ Match Systems markup is now available on #Etherscan .
🔍 Etherscan is an observer for the Ethereum blockchain that contains information about transactions, blocks, wallet addresses, #smartcontracts , and other network data. Now every user can track the addresses that Match Systems is marking up. 🔒
🔍 Etherscan is an observer for the Ethereum blockchain that contains information about transactions, blocks, wallet addresses, #smartcontracts , and other network data. Now every user can track the addresses that Match Systems is marking up. 🔒
Etherscan Acquires Solscan to Boost Blockchain Data Accessibility
Etherscan, the prominent blockchain data provider and explorer for Ethereum, has announced the acquisition of Solscan, one of the leading data analysis platforms for Solana. This merger represents Etherscan’s ongoing push toward improving the accessibility of insights across an array of blockchain networks.Since its launch, Solscan has established itself as a vital data source for the Solana community, serving over three million active monthly users. Like Etherscan, it enables users to analyze detailed address, token, transaction, and NFT metadata on Solana in a user-friendly interface. Solscan also provides developer APIs and customizable dashboards for blockchain analytics.“The Solscan team has proven expertise in surfacing blockchain insights over the years,” said Matthew Tan, CEO and founder of Etherscan. “Their commitment to making data transparent and digestible for users strongly aligns with Etherscan’s core mission.”For Etherscan, the strategic acquisition continues its expansion into new blockchains to provide multi-chain coverage. Integrating Solscan notably boosts its presence in the fast-growing Solana ecosystem.What this means for Etherscan and Solscan moving forwardAccording to Solscan and Etherscan, users can expect:Continued focus on credible neutrality in blockchain data provisionAddition of useful feature integrations across Etherscan and SolscanA more streamlined user experience between platformsSolscan conveyed its excitement regarding the new partnership in a recent tweet:“We are honored to announce the acquisition of Solscan by Etherscan, the world’s leading block explorer. A momentous step that will be a stepping stone for greater contributions to the Solana ecosystem,” it wrote.In a follow-up tweet, the Solscan team pledged “continued excellence on Solana” alongside enhanced integrations and user experience with Etherscan’s support.By consolidating two leading platforms under one roof, the merger forms a powerful launchpad for traders, developers, and casual users to access reliable Solana and Ethereum data.#Etherscan #dyor
🚨🚨 AnubisDAO rugger returns after three years, only to deploy token in a possible attempt to rug again: #Etherscan $ETH
😱😱😱 Crypto user fat fingers $90K fee for a $2K #ETH🔥🔥🔥🔥 transfer
Crypto User Accidentally Spends $90,000 in #gasfees for $2,200 Ether Transfer
An unknown crypto user has reportedly spent $90,000 in gas fees to transfer just $2,200 worth of Ether, according to data from #Etherscan and a post by pseudonymous user DeFiac on August 11. The user paid 34.26 ETH (approximately $89,200 at current prices) in gas fees for a transaction of 0.87 ETH, which is worth $2,262.
Currently, gas fees on the Ethereum network are at yearly lows, ranging between 2 and 4 gwei. Typically, such a transaction would cost no more than $5 in fees, meaning the user overpaid by more than 1,783,900%.
"Fat finger" errors, where users make significant mistakes in transaction amounts, are not uncommon in the crypto space. For instance, on October 10, 2023, an NFT trader mistakenly paid 1,055 ETH (worth $1.6 million at the time) for an NFT priced at $1,000. Similarly, on April 6, an OpenSea collector spent 100 ETH (around $191,000) on a free NFT mint, raising concerns of wash trading.
Not only retail users make such mistakes. In May 2021, Crypto.com, a Singapore-based crypto exchange, accidentally sent $7 million to Thevamanogari Manivel, an Australian user. Manivel used the funds to purchase a multimillion-dollar mansion & transferred about $4 million overseas. She was later sentenced to 209 days in jail for dealing in the proceeds of crime.
While this high gas fee could be an accidental error, it might also be a sophisticated form of money laundering. The user would have had to coordinate with an Ethereum validator to ensure the transaction was processed correctly & the funds were not misdirected.
A report by crypto staking firm Northstake in October 2023 revealed that illicit & high-risk activity on Ethereum staking protocols & certain areas of the mainnet ranges from 0.46% to 1.56%. This relatively low percentage still raises concerns among regulated entities exploring liquid staking protocols & decentralized finance (DeFi) on Ethereum.
Source - cointelegraph.com
Crypto User Accidentally Spends $90,000 in #gasfees for $2,200 Ether Transfer
An unknown crypto user has reportedly spent $90,000 in gas fees to transfer just $2,200 worth of Ether, according to data from #Etherscan and a post by pseudonymous user DeFiac on August 11. The user paid 34.26 ETH (approximately $89,200 at current prices) in gas fees for a transaction of 0.87 ETH, which is worth $2,262.
Currently, gas fees on the Ethereum network are at yearly lows, ranging between 2 and 4 gwei. Typically, such a transaction would cost no more than $5 in fees, meaning the user overpaid by more than 1,783,900%.
"Fat finger" errors, where users make significant mistakes in transaction amounts, are not uncommon in the crypto space. For instance, on October 10, 2023, an NFT trader mistakenly paid 1,055 ETH (worth $1.6 million at the time) for an NFT priced at $1,000. Similarly, on April 6, an OpenSea collector spent 100 ETH (around $191,000) on a free NFT mint, raising concerns of wash trading.
Not only retail users make such mistakes. In May 2021, Crypto.com, a Singapore-based crypto exchange, accidentally sent $7 million to Thevamanogari Manivel, an Australian user. Manivel used the funds to purchase a multimillion-dollar mansion & transferred about $4 million overseas. She was later sentenced to 209 days in jail for dealing in the proceeds of crime.
While this high gas fee could be an accidental error, it might also be a sophisticated form of money laundering. The user would have had to coordinate with an Ethereum validator to ensure the transaction was processed correctly & the funds were not misdirected.
A report by crypto staking firm Northstake in October 2023 revealed that illicit & high-risk activity on Ethereum staking protocols & certain areas of the mainnet ranges from 0.46% to 1.56%. This relatively low percentage still raises concerns among regulated entities exploring liquid staking protocols & decentralized finance (DeFi) on Ethereum.
Source - cointelegraph.com
@ShezmuTech
Update: We’ve successfully recovered the remaining funds (minus white hat bounties) and are working on a full post-mortem and recovery plan. Over the next few days, we’ll release details on our plan to ensure #CURVE , #Balancer , and #Beefy LPs are made whole.
Transaction Hash: 0x058a453abb03803aacfcc94cbeb410ceb56aa8aa2edb4ad3efa3e78522980cba
Stay tuned for more updates.
We would also like to give massive thank you's to both @shoucccc for bringing this to our attention quickly and #zachxbt who has helped us swiftly locate exchanges tied to wallets, contacted #Etherscan to flag wallets, and assisting in applying pressure to those who held the funds.
Additionally, we would like to thank our community for supporting us through these troubled times, it means the world to us. Together we will come back stronger, together we are $SHEZMU .
Update: We’ve successfully recovered the remaining funds (minus white hat bounties) and are working on a full post-mortem and recovery plan. Over the next few days, we’ll release details on our plan to ensure #CURVE , #Balancer , and #Beefy LPs are made whole.
Transaction Hash: 0x058a453abb03803aacfcc94cbeb410ceb56aa8aa2edb4ad3efa3e78522980cba
Stay tuned for more updates.
We would also like to give massive thank you's to both @shoucccc for bringing this to our attention quickly and #zachxbt who has helped us swiftly locate exchanges tied to wallets, contacted #Etherscan to flag wallets, and assisting in applying pressure to those who held the funds.
Additionally, we would like to thank our community for supporting us through these troubled times, it means the world to us. Together we will come back stronger, together we are $SHEZMU .