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Typos Causes NFT Trader To Lose Almost $200,000 On One Sale

I love crypto. I hate NFTs. Honestly, I think they are a massive scam… that said, I never want to see someone go down this bad.

So, maxnaut — whose real name does appear to be Max according to CNN — says that he simply got distracted when posting his listing and a bot punished him quickly by snapping up the NFT. The baseline is that he wrote .75 ETH as the selling price, instead of 75ETH.

Damn, that “.” … how did that get in there?

“I list a lot of items every day and just wasn’t paying attention,” he said. “I saw the error as my finger clicked confirm, but a bot sent a transaction with over 8 eth of gas fees so it was instantly sniped before I could click cancel.

“I have no animosity to the botter, it’s just part of the game.”

Part of the game? Selling a ‘Bored Ape’ NFT “worth” $284,495 for just $2,844 is a game that I fvcking don’t want to play.

There is also ZERO chance that I would just be like ‘wulp, onto the next thing.’

Actually it is his IDGAF attitude that pushes me further into believing that these NFTs are not a real thing. If you can just lose $281,651 and move along like it wasn’t the worst thing in your entire life… it is not real.

Max went into detail about how he traced the transaction back to blockchain, since that is where all of the virtual records for ETH transactions live. He said that he was able to see that it was a bot that had landed his NFT.

Whoever owned the account quickly flipped that NFT for 59.99 ETH which is around $227,558. Still below its estimated “value” … but who the fvck knows what the actual values are for something that doesn’t exist.

Max, apparently, has a lot more mental toughness than I do.

“Afterwards I just took 5 minutes and then got back to work trading other stuff,” he said. “The mistake is not too bad in the big picture.”

NOT TOO BAD?

What?

You just lost $200,000….

I mean, good for you if you have it like that.

I still don’t understand NFTs. Whatever.

Photo by Oleg Ivanov on Unsplash

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Written by Malcolm Henry

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