Blockchain

Failed Joke Costs Crypto Whale $150K USD in ETH

After an ENS domain owner accepted a seller’s foolish bid before the seller could cancel their order.

Blockchain

Failed Joke Costs Crypto Whale $150K USD in ETH

After an ENS domain owner accepted a seller’s foolish bid before the seller could cancel their order.

This week, an Ethereum whale and notable NFT collector, known only by the online alias, Franklin, faced public mockery after his humorous bid on a newly created Ethereum Name Service (ENS) was actually accepted.

ENS is a naming system based on Ethereum’s blockchain allowing for personalized identification of wallet addresses. The technology has seen record-breaking usage as NFT collectors display their assets in digital settings with customized address domain names.

Turning to his Twitter following, Franklin had decided to purchase the amusing ENS name “stop-doing-fake-bids-its-honestly-lame-my-guy.eth” to a substitute wallet of his.

Placing a 100 WETH (Wrapped Ethereum) bid was supposed to be a joke for the owner of 58 Bored Ape Yacht Club (BAYC) assets. However, after agreeing to sell the ENS name to a new owner for just under 2 ETH (about $3,00 USD), Franklin realized he had forgotten to cancel his original offer of 100 WETH (about $151,000 USD).

As explained through Tweets, in just 15 minutes, the new holder accepted Franklin’s previous offer quickly turning the collector’s gag into a tragedy.

Trying to remedy the situation, Franklin reportedly sent the acceptor’s address a free NFT, explaining his mistake in hopes of a transactional refund. The NFT titled “An embarrassing mistake” has not been publicly acknowledged by the owner, but does contain standing offers around .15 WETH (about $230 USD).

“I had plenty of time to cancel my offer, I just ran to Twitter, instead,” Franklin shared via Twitter. “This is a mistake that I can’t imagine anyone else putting in the effort to make,” he added.

Although Franklin is the owner of the ENS again, that happened at his self-set 100 WETH price tag.

In other news, Franck Muller to launch new NFT series of luxury watches.

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