🚨 Costly Mistake: Someone Paid 8.18 BTC in Fees! 😬
A recent transaction reveals an accidental fee payment of 8.18 $BTC likely intended to be around ($0.66). The transaction appears to be an attempted Thorchain swap of #ETH for #USDT
The transaction includes 8 inputs but seems to have been designed for just 1 input. The additional inputs appear to have been consolidated without updating the change output, resulting in a massive fee overpayment. The output values sum to exactly 2,416 sats less than the first input value, which would have been a sensible fee for an 11.25 sats/vB rate.
The OP_RETURN content, a standard #Thorchain protocol format, indicates an ETH-format address with prior Thorchain activity. This suggests the issue may have originated in Thorchain wallet software or from manual transaction editing.
Possible Causes:
1. Wallet Software Bug: A flaw in Thorchain wallet software might have caused unnecessary inputs to be included without recalculating the change.
2. Manual Error: A poorly executed attempt to edit an existing transaction (e.g., to adjust fees) could have led to this.
3. Improper #UTXO Selection: Additional inputs were likely added without properly balancing the transaction.
Can This Be Recovered?
Unfortunately, recovery is difficult:
Miner Goodwill: If the miner hasn’t claimed the fee, they might refund it. However, this is rare since most miners prioritize processing fees automatically.
Thorchain Support: If it’s a wallet issue, contacting Thorchain developers or wallet providers could help, but compensation isn’t guaranteed.
Community Awareness: Publicizing the error might encourage the involved parties to assist.
This incident highlights how important it is to have robust wallet software and user awareness in the crypto space. If Thorchain or wallet software is at fault, they may need to investigate and implement safeguards to prevent similar issues in the future.
Have you experienced or seen anything similar? $BTC
🚨 Costly Mistake: Someone Paid 8.18 BTC in Fees! 😬
A recent transaction reveals an accidental fee payment of 8.18 $BTC likely intended to be around ($0.66). The transaction appears to be an attempted Thorchain swap of #ETH for #USDT
The transaction includes 8 inputs but seems to have been designed for just 1 input. The additional inputs appear to have been consolidated without updating the change output, resulting in a massive fee overpayment. The output values sum to exactly 2,416 sats less than the first input value, which would have been a sensible fee for an 11.25 sats/vB rate.
The OP_RETURN content, a standard #Thorchain protocol format, indicates an ETH-format address with prior Thorchain activity. This suggests the issue may have originated in Thorchain wallet software or from manual transaction editing.
Possible Causes:
1. Wallet Software Bug: A flaw in Thorchain wallet software might have caused unnecessary inputs to be included without recalculating the change.
2. Manual Error: A poorly executed attempt to edit an existing transaction (e.g., to adjust fees) could have led to this.
3. Improper #UTXO Selection: Additional inputs were likely added without properly balancing the transaction.
Can This Be Recovered?
Unfortunately, recovery is difficult:
Miner Goodwill: If the miner hasn’t claimed the fee, they might refund it. However, this is rare since most miners prioritize processing fees automatically.
Thorchain Support: If it’s a wallet issue, contacting Thorchain developers or wallet providers could help, but compensation isn’t guaranteed.
Community Awareness: Publicizing the error might encourage the involved parties to assist.
This incident highlights how important it is to have robust wallet software and user awareness in the crypto space. If Thorchain or wallet software is at fault, they may need to investigate and implement safeguards to prevent similar issues in the future.
Have you experienced or seen anything similar? $BTC
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
#RideTheKaiaWave @Kaia Chain Mini dApps on LINE revolutionizing daily interactions—like a decentralized ride-sharing platform where users can book rides and pay in $KAIA, fostering peer-to-peer connections. Or a gamified carbon footprint tracker rewarding users for eco-friendly actions, seamlessly integrating sustainability with Web3. Picture a blockchain-based education hub, offering courses and certifications directly on LINE, with smart contracts verifying achievements. There could also be a loyalty rewards system for LINE merchants, allowing users to earn and redeem points in crypto. These innovations would make Web3 a natural extension of everyday life. $KAIA
Mini DApps can bring creators and developers closer by offering a platform for collaboration. They could instant collaboration on creative projects like music or art. With real-time editing, token rewards, an open, fair, and community-driven creative space for content creator. Also giving open invite to developers to come and test their mini Dapps #RideTheKaiaWave @Kaia Chain
#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!
LIVE
Binance South Asia
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Unlock Up to 50 USDT in Rewards!
Have you started earning from the exclusive “Share to Win” campaign on Binance Square? Verified users can earn over 50 USDT in rewards by simply sharing Binance Square links with friends. Both you and your friends can win USDT Red Packets! Earn even more when you share with friends who are new to Binance!
Activity Period: 2024-10-16 9:00 (UTC) to 2024-11-06 9:00 (UTC)
How to Participate: Activity 1: Share Binance Square Links 1. Share Links: Log in to your Binance account and share any Binance Square link with friends. 2. Unlock Rewards: When your friends open the link, both of you can win Crypto Red Packets worth up to 1 USDT each. 3. Maximize Your Earnings: You can claim up to 50 Red Packets (50 USDT) during the campaign!
Activity 2: New User Bonus 1. Sign Up: New users who sign up via the Activity page can earn extra rewards. 2. Complete Tasks: Finish simple tasks to earn up to 2.5 USDT in rewards.
Terms & Conditions This Activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts while completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.