Crypto 'whale' sends $133, incurs $2.6 million transaction fee

Crypto trader sends 0.55 ETH, pays 10,666 ETH transaction fee -- worth $2.6 million.

Published Wed, Jun 10 2020 11:09 PM CDT   |   Updated Tue, Nov 3 2020 11:43 AM CST

Imagine this: you're wanting to transfer 0.55 ETH ($133 or so) and clicking "send" and then realizing the transaction fee was actually 10,666 ETH ($2.6 million). I'd have fainted right there and then, probably died on the spot.

Crypto 'whale' sends $133, incurs $2.6 million transaction fee 01 |

Well, that's exactly what an unknown wallet holder did a few days ago -- sent 0.33 ETH with a transaction fee of 10,666 ETH -- a sign literally from the Devil himself. The fee went to Chinese mining group Spark Pool, which is a little on the expensive side as a transaction fee normally costs around $0.50 -- this time, it was $2.6 million.

No one knows who the ETH wallet holder is, but the balance in that wallet used to be $11 million -- and this is after sending the $2.6 million blown on transaction fees.

After this happened, a Spark Pool representative told CoinDesk that it was investigating the transfer, and said it welcomed any information people have on the identify of the sender just "in case it was sent by mistake".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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