• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Terra CEO Do Kwon Arrested In Montenegro Airport

    2023-03-23

    Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

    2023-03-23

    Elon Musk, Bill Ackman, Balaji, Cathie Wood Outrage Over US Fed

    2023-03-23

    Crypto Market Mixed As US Fed Hikes Interest Rate By 25 bps

    2023-03-22

    BitMEX Founder Arthur Hayes Believes Bitcoin Can Cross $1 Million Mark

    2023-03-22
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    IRS Seeks to Tax NFTs Like Other Collectibles

    2023-03-21

    Sony Interactive Entertainment files for NFT patent

    2023-03-21

    concerns of wash trading surface

    2023-03-21

    Snoop Dogg’s Iconic NFT Collection Unveiled by Clay Nation

    2023-03-21
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    Coinbase CEO sells shares prior to SEC warning

    2023-03-23

    Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year

    2023-03-23

    6 Ethereum Altcoins Targeted By SEC Ahead of Coinbase Wells Notice

    2023-03-23

    Bitcoin breaks below $26.7K; liquidations rise over $230M in 24hrs

    2023-03-22

    Ripple Relocates 120,000,000 XRP After 35% Rally This Week: On-Chain Data

    2023-03-22
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17
  • Market Cap
The Crypto News Insider
Home»NFT»Bored Ape whale loses $150,000 of ETH in ENS listing fumble
NFT

Bored Ape whale loses $150,000 of ETH in ENS listing fumble

2022-07-21Updated:2022-07-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

www.theblock.co

21 July 2022 11:34, UTC

Studying time: ~3 m


Franklin Caldwell, or “franklinisbored” as he’s identified on Twitter, misplaced 100 ETH ($150,000) in an Ethereum Identify Service (ENS) area title transaction on Wednesday.

Caldwell is the seventh-largest holder of Bored Ape Yacht Membership non-fungible tokens (NFTs) and is thought to be an influencer within the NFT house.

It began when Caldwell created the ENS area “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” on Tuesday. Caldwell then positioned a 100 wrapped ETH (WETH) bid on the ENS area.

This was carried out to attract consideration to the truth that individuals routinely create ENS with comical phrases and place pretend bids on them. That is carried out to get consideration from a list bot that is shares such bids on Twitter — and might typically see numerous retweets if the names are significantly humorous.

One other NFT collector who goes by “8892” on Twitter positioned a 1.89 WETH ($2800) supply on the x2y2 market. Caldwell accepted the supply, forgetting that he had beforehand positioned the 100 WETH “joke bid” on the identical merchandise. 8892 was then capable of settle for the prevailing 100 WETH supply because it was nonetheless there. This mechanically triggered the sale of the ENS title again to Caldwell for 100 WETH.

In all, 8892 made a 97.5 WETH in revenue off Caldwell’s mistake. The Bored Ape whale realized the error and contacted 8892 by sending an on-chain message to 8892. Caldwell additionally refunded the 1.89 WETH within the hope of getting 8892 to reverse the transaction. But the latter wasn’t moved by the gesture.

See also  Here's How to Lose $15 Million While Being up 11,000 ETH in Profit, NFT Investor Shows

“I ripped this man off for 100 ETH and he simply despatched me one other 1.9?” 8892 tweeted in response.

The issue with uncancelled NFT listings

Caldwell isn’t the primary to endure such a loss resulting from a failure to cancel earlier NFT listings. You must pay transaction charges to cancel an present itemizing and NFT homeowners have been identified to neglect to take action. Even when a sale occurs, it doesn’t cancel earlier provides and the brand new proprietor can select to simply accept any considered one of them.

Generally, NFT homeowners transfer their objects to a distinct pockets, forgetting to cancel present listings. When this stuff are moved again to the unique pockets, the previous itemizing turns into activated. This itemizing bug downside has been exploited up to now on OpenSea resulting in high-value NFTs being offered for considerably decrease costs.

Caldwell’s mistake can be a part of a rising curiosity in ENS domains. One ENS collector not too long ago purchased sony.eth for $72,000 whereas amazon.eth has additionally noticed a $1 million supply — though it wasn’t accepted.

ENS belongs to the category of web3 usernames. They’re a sort of human-readable crypto handle which can be simpler to learn than  blockchain pockets addresses that include lengthy alphanumeric textual content strings. ENS names are minted as NFTs and will be transferred on offered on platforms like OpenSea, x2y2, and LooksRare.


Source link

Ape Bored ENS ETH fumble listing loses whale
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Analyst Benjamin Cowen Issues Ethereum Warning, Says ETH Likely Not Ready for Bull Run Until Massive Correction

2023-03-22

Ethereum (ETH) Still Has Room To Run Higher, According to Crypto Analytics Firm Santiment – Here’s Why

2023-03-21

U.S. IRS Considers Taxing NFTs Like Other Collectibles

2023-03-21

IRS Seeks to Tax NFTs Like Other Collectibles

2023-03-21
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bitcoin Weekly RSI Reaches Line Between Bear & Bull Market

2023-01-23

Repeat Of April 2019? Bitcoin Rally Shows This Similarity

2023-01-24

Bitcoin Impressive July Recovery In The Midst Of An Ongoing Crisis

2022-08-01

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Terra CEO Do Kwon Arrested In Montenegro Airport

2023-03-23

Coinbase CEO sells shares prior to SEC warning

2023-03-23

Bitcoin $100,000 A Possibility Be Year End Says Gemini Executive

2023-03-23
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$27,773.00-3.21%
  • ethereumEthereum(ETH)$1,776.08-2.95%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.01-0.17%
  • binancecoinBNB(BNB)$326.62-1.01%
  • usd-coinUSD Coin(USDC)$1.010.29%
  • rippleXRP(XRP)$0.445144-1.17%
  • cardanoCardano(ADA)$0.374887-1.94%
  • dogecoinDogecoin(DOGE)$0.0777832.58%
  • staked-etherLido Staked Ether(STETH)$1,765.57-2.57%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}