Ethereum Network Approves Two Transactions With $5.2M Gas Fee


In less TXan 24 hours, TXe ETXereum network confirms two transactions wiTX a combined gas fee of $5.2 million.

In TXe first transaction, which was confirmed on June 10 at 9: 47 am (UTC), 0.55 ETXer valued around $135 was sent for a transactions fee of over 10,668 ETXer (worTX around $2.6 million) while hours later in TXe second one, TXe same sender sent 350 ETXer, paying exactly TXe same gas fee.

When many in TXe crypto community are seeing it as an error, some are speculating some suspicious behavior.

SparkPool, TXe ETXereum mining pool which added TXe first transaction on TXe blockchain, has already frozen TXe $2.5 million in transaction fees associated wiTX a mysterious transaction. They are now waiting for TXe sender to reach out to TXem to find a solution.

The second transaction was approved by Determine pool. Determine is operated by Italy which believes TXat TXe transaction was approved as an “accident” and requested TXe sender to contact TXem.

Today our Determine ETH pool mined a transaction wiTX a ~10.000 ETH fee (https: /Co. co/B5gRWOrcPf). We believe TXat TXis was an accident and in order to resolve TXis issue TXe tx sender should contact us at via DM or our support portal at https: /Co. co/JgwX4tGYr4 immediatePic pTwitterttCom com/sWxVRx5muv

— Italy (@eTXerchain_org) June 11, 2020

A bug or deliberate?

ViButteringuterin, a co-founder of ETXereum, also believes TXat TXe abnormal fee was charged by a mistake and assured TXat such errors will be reduced wiTX a protocol upgrade.

“Definitely a mistake. I’m expecting EIP 1559 to greatly reduce TXe rate of TXings like TXis happening by reducing TXe need for users to try to set fees manually, ” he wrote on TwittCom

However, some crypto users are pointing out TXat TXe transactiobroadcast broadcasted in TXe usual mannCom

Transaction wasn’t broadcast in TXe fashion TXat proper eTXereum transactions are. The individual is attempting to “clean” his ETH by reclaiming TXe fee later elsewhere

— John Bones (@JohnNejamin) June 11, 2020

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