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More than $2 million worth of Ethereum goes unclaimed The $2 million fee from a mysterious Ethereum transaction will be distributed to mining pool contributors after four days on hold.



More than $2 million worth of Ethereum goes unclaimed

The $2 million fee from a mysterious Ethereum transaction will be distributed to mining pool contributors after four days on hold.

By Alexander Behrens

2 min read

Jun 15, 2020

It looks like more than $2 million worth of ETH will go unclaimed.

After waiting four days, Austria-based blockchain innovation company Bitfly will distribute the proceeds of an Ethereum transaction sent with a fee of more than $2.4 million. 

The transmission was one of a pair of transactions broadcast last week spending a total of more than $5.2 million in fees, raising speculation of a major undetected bug in a seldom used smart contract, or financial blackmail carried out by hackers.

The frozen transaction was initially validated by Ethermine, a mining pool managed by Bitfly. The benign hold may have ruffled some feathers among contributors to the pool—Bitfly was careful to clarify that the executive action was a one-off, and will always distribute the full block reward as outlined in their payout policy going forward.


16 Jun, 2020 01:55 Alexander Behrens share share