A "fat fingered" typing error seems to have cost an NFT dealer more than $250,000.

The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.

Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.

  • inshallah2 [none/use name]
    ·
    3 years ago

    That BNP quip is amazing. WTF...

    The error was not detected because BNP failed to book more than 8000 trades for a whole week.

    It sure made Armin S. 's day - "Hey, honey - guess what. You'll never guess! I made about 160 million euros today..."

    In 2015, the Investor Armin S. bought certificates from BNP Paribas at a price of €108 instead of €54,400 each. This caused a loss of €160m for BNP.