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How this NFT whale lost $150K to a ‘joke’

by 198 Philippines News
July 22, 2022
in PHILIPPINES CRYPTO NEWS
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Home PHILIPPINES CRYPTO NEWS
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Bored Ape NFT whale Franklin misplaced 100 wrapped Ethereum (WETH), value roughly $150.000, to a joke bid gone unsuitable for an Ethereum Title Service (ENS) area he registered on July 20.

The joke began on July 19 when Franklin requested his followers which “phrase or meme” they wished him to put a 100 WETH bid on to set off the ENS Bids Twitter bot account.

What phrase or meme would you like me to have the ens bot tweet out as a .eth tackle with a 100 WETH bid? Lol I must mint the ENS tackle myself too.

— Franklin 🅱️uilding 57 apes (@franklinisbored) July 19, 2022

Franklin then registered “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” utilizing a special pockets and positioned a 100 WETH bid from his primary pockets.

Nevertheless, Franklin bought a shocking supply of 1.9 WETH (roughly $2800) from another person for the ENS area. He accepted the bid, took to Twitter to rejoice his “win,” and forgot to cancel his final 100 WETH supply for a similar ENS identify.

Nicely that is essentially the most shocking 1.891 ETH I’ve ever made. I owe all of it to #ENS and @gweiman_eth’s artistic thought. #Marketing101 pic.twitter.com/wk6CFBkugx

— Franklin 🅱️uilding 57 apes (@franklinisbored) July 20, 2022

In the meantime, lower than half-hour later, the brand new proprietor of the ENS area identify accepted Franklin’s forgotten 100 WETH bid –basically promoting the area identify he purchased from Franklin for $2800 again to him at $150,000.

Oh no, I misplaced 100 ETH. I used to be celebrating my joke of a website sale, sharing the spoils, however in a dream of greed, forgot to cancel my very own bid of 100 ETH to purchase it again. This would be the joke and bag fumble of the century. I deserve all the jokes and criticism.

— Franklin 🅱️uilding 57 apes (@franklinisbored) July 20, 2022

Franklin took to Twitter to lament the scenario tweeting that he didn’t get “botted” and had “loads of time” to cancel his supply.

The Bored Ape whale is now attempting to regain his misplaced 100 WETH by refunding the 1.9 WETH he bought from the ENS area sale. He, nevertheless, admits there’s a “0% likelihood” he would get again his funds.

Here’s a abstract of what occurred. There’s a 0% likelihood I’ll get again no matter the one who offered into my silly joke bid, however I’d as effectively strive. I despatched them this NFT:https://t.co/PeRU3OIQjr pic.twitter.com/SPmwsSlgIa

— Franklin 🅱️uilding 57 apes (@franklinisbored) July 20, 2022

A Twitter account, 8892OS, claimed he was the recipient of Franklin’s 100 WETH.

i ripped this man off for 100 eth and he simply despatched me one other 1.9? pic.twitter.com/TXtBxqvkhB

— 8892 (@8892OS) July 20, 2022

As of press time, it’s unclear whether or not Franklin bought again his 100 WETH.

Crypto group reacts

Twitter’s crypto group has been divided of their response to this case.

Some argued that the brand new vendor ought to preserve his holding, whereas others suppose Franklin must be refunded.

230 ETH to be precise 😂 I used to be pondering the identical factor at present! I really feel so dangerous for Franklin and we’ve seen how simple it’s to neglect or make mistake. Hopefully the vendor decides to do the proper factor 🫶

— John Knopf (@JohnKnopfPhotos) July 20, 2022

Damm that is robust. I wish to say it’s fucked up however in a method that individual sort of earned it. They wager 2 ETH on this play. Excessive danger excessive reward. They might have simply been down 2 ETH if the bid would have canceled after which accepted. I hope you make your a reimbursement fam🙏

— MayanMango.eth (@MayanMango) July 20, 2022

Some group members additionally used the chance to troll Franklin.

Simply registered this identify and imma ship it to you my man @franklinisbored

play-stupid-games-win-stupid-prizes.eth

— youthful.eth 🦇🔊🐊🇵🇸 (@ForSureNotHere) July 20, 2022

An NFT collector DC Investor stated everybody ought to study from Franklin’s mistake and “respect the blockchain as a fiduciary layer.”

y’all gotta respect the blockchain as a fiduciary layer and never go round making joke bids on stuff, signing 100 ETH out of your pockets

each time you signal one thing like that, really feel the gravity of it

i do really feel dangerous for Franklin’s loss right here, however let it’s a lesson to everybody https://t.co/aheENKpPrS

— DCinvestor.eth ⌐◨-◨ (@iamDCinvestor) July 20, 2022

Posted In: Ethereum, NFTs

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