Desperate DeFi Trader Loses Fortune Due to Wrong Network Transaction
While trading on the DeFi platform PulseChain, an unfortunate trader spent 31.22 ETH, or $112,745. This news was initially posted on X by Whale Alert. At the time of the transaction, ETH was trading at $3,611.56. Through on-chain messages, the poor trader contacted TitanBuilder, an Ethereum validator. The dealer sent the following note to the recipient of the gas fees:
Help! Some buggy wallet sent this transaction on Ethereum instead of Pulsechain, can you please send me back the super-high fee 31.22ETH this mistake has caused? please it is a huge amount of money to me.
the trader
Wrong Network Choice Turns Costly for Crypto Trader
According to the trader, the transaction was handled on the Ethereum network rather than the PulseChain network since his wallet is glitchy. The transaction is valid on both Ethereum and PulseChain since PulseChain makes use of the Ethereum Virtual Machine (EVM). Because the trader must decide whether to pay the fees in Ethereum or the local currency of the network, this kind of human error occurs. In this example, PLS, PulseChain’s native token, trading at $0.00002650, should have been selected, but ETH, trading at $3.559, was selected instead.
TitanBuilder Returns $103K in ETH After Trader’s Glitchy Wallet Blunder
On X, Coinbase Director Conor Grogan pleaded with TitanBuilder, an Ethereum validator, to give the trader their money back. Grogan said that it appeared to be an automated transaction that moved the 31 Ether coins to a wallet on a cryptocurrency exchange.
Do this poor guy a solid and farm some good karma.
Grogan
TitanBuilder issued the trader a refund of 29.5295 ETH (around $103,511.61).
We have refunded 100% of the block profit back to the user.
The validator
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