RE: $5.2 Million In Fees For 2 “Relatively Small” Ethereum Transfers?!!!?
$5.2ml in fees for two Ethereum transfers! Operators are looking into just why the insanely high fees for these two transfers:
Rich and Reckless? Ethereum Whale Spends $5,200,000 in Two Massive Blunders
Investigations are underway to determine why two transactions moving the cryptocurrency Ethereum (ETH) carried enormous fees. A transaction on Thursday sending 350 ETH worth $86,929.50 processed a fee of $2.6 million fee. It was the second such hefty fee within 24 hours incurred by the same Ethereum whale who also transferred $133.82 in ETH for a fee of $2.6 million on Wednesday. At time of writing, the whale currently holds $6.182 million in Ethereum, according to blockchain data, with an active wallet that has processed multiple transactions within the past hour. The frequent activity suggests that the sender may be a bot.
Full article here: https://dailyhodl.com/2020/06/11/rich-and-reckless-ethereum-whale-spends-5200000-in-two-massive-blunders/
And now there is a third! It seems something shady is afoot!
“A third intriguing transaction has taken place, this time with a 2,310 Ether (ETH) transaction fee valued at over $540,000 at time of press. Occurring less than 24 hours after the first two transactions with over $5.2 million (10,668.73 Ether each) in fees were processed on the Ethereum blockchain, this new transaction has raised the question of whether there is more than one person involved.”