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.
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.