Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course
When the DeversiFi team discovered what had happened, they quickly assured users that their funds were safe. According to them, it was an erroneous transaction and nothing else. Luckily, the company owned up to the mistake and agreed to bear the brunt of the loss if nothing else could be done to recover the money. However, the miner is one of the sincere ones. Therefore, block owner agreed to return 7626 of the ETH, which the hardware address sent as payment.The blockchain is immutable. But the revolution we are part of is defined by our values as humans.⁰⁰ Thank you to the miner of block 13307440 who we can confirm is returning 7626 ETH that were incorrectly paid today as a tx fee. A post mortem will follow tomorrow. — rhino.fi (@rhinofi)While the company says thanks to the miner, the community is not satisfied. The discrepancy in the returning figure shows that the miner is holding 50 ETH worth $150,000.
Users Blame High Ethereum Gas Fees
Users now blame the increasing Ethereum fees as the cause of the mistake. In a recent report by , Ethereum’s price on transactions is currently at $45. So instead of falling as expected, the costs are increasing.
Ethereum trades in an upward trend | Source:
Related Reading | Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes
Moreover, the swapping fee on Uniswap stands at $74, and the fees for smart contract activities are even higher. Thankfully, the burn rate remains at 5 ETH/minute.Featured Image by Pixabay - Charts by TradingView