{"id":139168,"date":"2024-10-09T14:00:59","date_gmt":"2024-10-09T11:00:59","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139168"},"modified":"2024-10-09T13:32:44","modified_gmt":"2024-10-09T10:32:44","slug":"ethereum-user-pays-700k-in-fees-for-zero-value-transaction","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-user-pays-700k-in-fees-for-zero-value-transaction\/","title":{"rendered":"Ethereum User Pays $700K in Fees for Zero-Value Transaction"},"content":{"rendered":"<p>What makes<strong><a href=\"https:\/\/x.com\/whale_alert\/status\/1843507292467003838?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1843507292467003838%7Ctwgr%5E317942ab4f7b6521c16824ed9a71046f082647b6%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fzycrypto.com%2Fether-user-pays-outrageous-704000-transaction-fee-to-transfer-0-eth%2F\" target=\"_blank\" rel=\"nofollow\"> this case<\/a><\/strong> even more unusual is that the transaction itself transferred zero <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">ETH<\/a><\/strong> to the receiving address, while the entire amount was spent on gas fees.<\/p>\n<p>Typically, high gas fees occur during periods of heavy network congestion or market volatility, but Ethereum\u2019s fees have remained relatively low in 2024, largely due to activity shifting to layer-2 networks after the March Dencun upgrade.<\/p>\n<p>This upgrade significantly reduced gas costs and made fees more predictable, thanks to Ethereum\u2019s revamped fee structure introduced by EIP-1559 in 2021.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/u-s-bitcoin-and-ethereum-etfs-see-significant-outflows-as-trading-volume-rises\/\" title=\"U.S. Bitcoin and Ethereum ETFs See Significant Outflows as Trading Volume Rises\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/BTC-ETH-Price-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">U.S. Bitcoin and Ethereum ETFs See Significant Outflows as Trading Volume Rises<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>While it\u2019s unclear why the user paid such an exorbitant fee for a null transaction, speculation has arisen about whether it was a simple mistake or something more malicious.<\/p>\n<p>According to blockchain expert MevRefund, there\u2019s a possibility the transaction was the result of a hack, with the attacker intentionally burning the stolen ETH by paying an inflated fee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An anonymous Ethereum user recently paid an enormous transaction fee of 288 ETH, valued at over $700,000, according to blockchain tracker Whale Alert.<\/p>\n","protected":false},"author":3,"featured_media":132380,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-139168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum User Pays $700K in Fees for Zero-Value Transaction<\/title>\n<meta name=\"description\" content=\"An anonymous Ethereum user recently paid an enormous transaction fee of 288 ETH, valued at over $700,000, according to blockchain...\" 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