Friday, January 21, 2022
Home Crypto News Market Ethereum User Paid $430,000 Transaction Fees In An Unsuccessful Attempt To Buy...

Ethereum User Paid $430,000 Transaction Fees In An Unsuccessful Attempt To Buy STRP Tokens

- Advertisement -

An Ethereum user attempting to participate in the Strips token sale on the MISO platform which is SushiSwap’s newly launched token sale platform paid a fee of $ 430,000 for a failed transaction.

According to The Block, because of the high competition, STRP tokens on the MISO platform were sold out in just a few seconds.

During the sale, the member tried to use Flashbots to gain priority. Flashbots allow you to send a transaction directly to a miner for prompt inclusion in a block. Flashbots transactions remain confidential until they are included in a block.

However, in this case, something went wrong, and the transaction ended up in a public mempool.  Since STRP tokens were sold out too quickly, the transaction was unsuccessful, and the potential buyer was left without tokens.

However, he still paid the transaction fee, which was 123 ETH (about $430,000).


Flashbots product development manager Robert Miller tweeted:


A few weeks ago, Bitfinex paid a fee of $23.7 million for a transaction in USDT stable coins worth $ 100,000. Fortunately, the miner who processed the transaction returned $22.1 million.

- Advertisement -
Albert Brown
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

CoinMarketCap Finally Verified The Floki Inu Market Cap

CoinMarketCap (CMC), the world's number 1 crypto asset tracking website, has verified the Floki Inu (FLOKI) market capitalization. ...

Polkadex Joins Second Round of Parachain Auctions with Community Crowdloan

Tortola, British Virgin Islands,, 21st January, 2022,  — Polkadex Inc., the DeFi order-book exchange built on Substrate, has announced its parachain bid, aiming to...

Former CEO Andrew Rogozov Joins TON Foundation as Founding Member to Oversee Product Efforts at Successor of Telegram’s Blockchain Project

Abu Dhabi, UAE, 21st January, 2022, ChainwireAfter years of building, The Open Network (TON) is excited to announce an exclusive addition to its team:...

FTX Exchange Launches FTX Visa Cards That Will Enable Users To Spend Their Balances At Merchants Worldwide

FTX launches debit cards in collaboration with Visa. window.coinzilla_display = window.coinzilla_display || ; var...

Has The Time Come For Shiba Inu To Get Listed On Robinhood, As The Exchange Launch Public Beta Crypto Wallets

Online broker Robinhood has launched a cryptocurrency wallet beta program for 1,000 selected clients on a waiting list. ...

Ethereum Co-Founder Vitalik Buterin Comes Up With His Guess About Satoshi Nakamoto

During a conversation with UpOnlyTV, Vitalik Buterin, founder of Ethereum, spoke about the current challenges of his project and its use cases.

Top 5 Leading Crypto Firms

The blockchain sector is still in its infancy, but it is expanding rapidly. Blockchains are decentralized databases that are shared across computer network nodes...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.