Ethereum Transaction Fee Mystery Just Got More Mysterious

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Source: Adobe/Graphics Master

Yet another abnormal ether transaction occurred on the blockchain for the third time. Now, someone transferred ETH 3,221 (USD 762,990) with a somewhat lower transaction fee of ETH 2,310 (USD 544,028).

The transaction occurred on the block 10247265, on June 11, 12:14 PM UTC time. Similar transactions with abnormally high fees (more than USD 2.5 million each) also happened yesterday (June 11th) and the day before yesterday (June 10th). This time, the transaction was not sent from the same address and originated from a wallet that had the “MiningPoolHub: Old Address 7” tag. It was mined by the f2pool, who said they are investigating the transaction and are in communication with the sender.

The regularity of transactions has prompted intriguing speculations about what they could possibly mean, with many crypto commentators claiming that it could be a hack, money laundering attempt, or a mere mistake.

For example, crypto analyst and founding partner at Primitive Ventures, Dovey Wan, stated that the transactions look increasingly more like a message from an attacker rather than a mistake.

Others are saying that the Mining Pool Hub address has been hacked, and the transfer is not related to the previous two instances.

Either way, the week of weird ETH transactions with abnormal fees continues, and Cryptonews.com will keep you updated as the stories of these transactions continue to develop.

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