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Ethereum miner says it has frozen a $2.5 million charge paid alongside a $133 transaction

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Ethereum mining pool SparkPool says it has frozen $2.5 million in transaction charges related to a mysterious transaction during which somebody solely despatched $133 value of ether (ETH).

Shelton Qiu, key account supervisor of SparkPool, informed The Block that the pool is ready for the sender to succeed in out in an effort to discover a answer.

The reasoning behind the transaction is not clear, however that has not stopped observers from speculating. A non-public crypto investor and researcher informed The Block that the transaction could possibly be an intentional one, executed for tax evasion causes. In that case, the sender may declare that the excessive charges paid had been an accident, declare it as a loss, after which make a backdoor take care of a mining pool to get the cash again.

It is also potential the transaction was an trustworthy mistake during which the sender swapped “worth” and “transaction charge” fields in an API name, as Cornell pc science professor Emin Gün Sirer defined on Twitter.

This isn’t the primary time SparkPool has discovered itself in this type of a state of affairs. Final yr, it froze transaction charges value 2100 ETH (value round $300,000 on the time) related to a mysterious transaction that will have been the results of a buggy buying and selling bot.

© 2020 The Block Crypto, Inc. All Rights Reserved. This text is supplied for informational functions solely. It isn’t supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.





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