More On: NFTs
Senators and regulators explain why the $60 billion collapse of a major cryptocurrency is not the industry's Bear Stearns moment
A Bored Ape Yacht Club NFT was sold for $115, which is 99.97% less than the current asking price for the collection's cheapest model.
At first sight, it appears that cchan.eth wanted to sell Bored Ape #835 for 115 ETH, which at the time of writing was valued roughly $391,000.
However, a fat-fingered blunder could have resulted in them opting for DAI, a stablecoin pegged one-to-one to the US dollar.
Not only that, but there's more. A Mutant Ape belonging to cchan.eth was also sold for 25 DAI — $25 — significantly below the current floor price of $76,000, according to records.
Because it has happened twice, there are concerns that cchan.eth has been hacked.
Overall, the unlucky collector has lost around $470,000 in profit — and offers for both NFTs have already been placed at far higher prices.
However, artchick.eth had a different theory. She offered a different explanation for what happened:
"Feels more like a tax evasion attempt, they sold their mutant for $25 to the same wallet. They'll probably claim they were scammed and may even have the audacity to try to write it off, they bought the ape for 16 ETH. If it was a mistake, I wish them well, it's quite a loss."
Double-Check Your TransactionsWe'll never know for sure what happened, but it's another another lesson to double-check your transactions for the correct amount... and that they'll arrive at the correct location.
We've heard several horror stories recently of NFT collectors who have lost their entire life savings due to a single error — and the irreversible nature of blockchain transactions means that it's too late once you discover you've made a mistake.
Earlier this month, a man unintentionally offered his Ether Rock on OpenSea for 444 WEI instead of 444 ETH, converting $1.5 million into fractions of a cent.
Before the incorrect listing could be removed, a bot rushed in and bought the NFT.
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