PulseChain User Appeals for $100K Gas Fee Refund

In the world of cryptocurrency, fortunes can fluctuate wildly. A recent incident highlighted a costly mistake by a user who accidentally paid an enormous gas fee of 31 ETH, equivalent to over $100,000. This user is now pleading for the refund of these funds, attributing the error to a technical glitch in their wallet.

Key Takeaways

A user mistakenly paid a gas fee of 31 ETH, valued at over $100,000, on the Ethereum network.
The user has requested a refund from TitanBuilder, the block builder who received the fee.
This error was allegedly caused by a malfunctioning wallet that led to the transaction being made on Ethereum instead of on PulseChain.
On PulseChain, gas fees are traditionally paid in PLS, which is significantly cheaper than ETH.
Coinbase's Conor Grogan has urged TitanBuilder to return the funds due to the situation's moral implications.

Crypto can be a precarious venture; some individuals find themselves millionaires overnight, while others may suffer significant losses almost instantly. Common culprits for these financial mishaps include hacks, rug pulls, phishing scams, and, frequently, user errors.

Recently, a notable error was highlighted by Whale Alert, a blockchain tracking service formerly known as Twitter. It reported that a user accidentally incurred an astonishing gas fee of 31 ETH, which equates to a staggering sum of over $100,000.

The affected user reached out to the gas fee recipient, TitanBuilder, through an on-chain message that can be viewed on the Etherscan block explorer. In their message, they described the 31 ETH as "a huge amount of money to me" and requested that TitanBuilder return the funds.

The user claimed that a "buggy wallet" had led them to submit the transaction on Ethereum instead of PulseChain. Both PulseChain and Ethereum operate on the Ethereum Virtual Machine (EVM), which allows transactions that are valid on one EVM-compatible chain to be valid on another.

This situation arises from the decision of which gas fee to use for processing transactions. On PulseChain, users pay gas fees using PLS instead of ETH. According to CoinMarketCap data, PLS is currently worth only fractions of a cent, while ETH sits at approximately $3,650.

Conor Grogan from Coinbase has suggested that the block builder should act kindly and return the lost funds. However, he also pointed out that the ETH has already been transferred to an exchange account, a process that appears to be automated for addresses operated by TitanBuilder.

In Grogan's spare time, he dedicates himself to recovering lost or forgotten cryptocurrencies for users. Just today, he announced his largest recovery to date, totaling $3 million for the crypto exchange Gate.

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