User Pays $90,000 in Gas Fees After Fat-Finger Error on Ethereum
CryptoNewsTerminal Staff11 Aug, 2024
User Pays $90,000 in Gas Fees After Fat-Finger Error on Ethereum
An anonymous user recently made a costly mistake on the Ethereum network, accidentally spending 34.26 ETH (approximately $90,000) in gas fees. According to data from Etherscan, the user intended to send 0.87 ETH ($2,262), but an error in inputting the transaction details led to the exorbitant gas fee. Gas fees on the Ethereum network are used to compensate miners for processing transactions. The higher the gas fee, the faster the transaction will be processed. However, users need to be cautious when setting gas fees, as overpaying can result in unnecessary expenses. The incident serves as a reminder for users to carefully review transaction details before submitting them, especially when dealing with large amounts of cryptocurrency.
