Cryptocurrency
[loss] $297,000
"Bored Ape NFT accidentally sells for $3,000 instead of $300,000"
Primary Source ↗Financial Loss
$297,000
(297,000 USD)
Blockchain(s)
Ethereum
Incident Details
An NFT trader made a typing error when entering a listing price, accidentally listing his Bored Ape NFT for 0.75 ETH (about $3,000) instead of 75 ETH (about $300,000). The NFT was instantly bought by a bot account. The BBC writes, “In traditional banking transactions, such errors are usually reversed easily if the bank facilitating them is told about the mistake quickly. But in the unregulated crypto-trading market, there is usually no way to reverse such a sale.”
Total loss estimated at $297,000.
Technical Details
- Vendor / Product
- Bored Ape typo
Timeline
- 2021-12-13 Breach occurred
- 2021-12-13 Publicly disclosed