Cryptocurrency
Tweet by Whale Alert
Primary Source ↗Blockchain(s)
Ethereum
Incident Details
A recent surge in memecoin popularity has caused Ethereum transaction fees to skyrocket. One trader paid the price, eating a 64 ETH ($118,000) transaction fee just to perform a simple swap of 84 ETH to another token. Welcome to the future of finance.
Technical Details
- Vendor / Product
- Ethereum user pays more than $100,000 in fees
Timeline
- 2023-05-07 Breach occurred
- 2023-05-07 Publicly disclosed