NFT whale loses 100 Ether – because he made a joke

taketonews

NFT whale wants to make fun of Twitter bots
Joke works at first
A lack of care costs Franklin around $150,000

There are numerous reports of investors falling victim to criminals in the crypto market. But the losses are often self-inflicted. So now in mid-July at the NFT collector Franklin, who actually only wanted to allow himself a spa and ultimately lost around 150,000 US dollars.

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Just kidding

Franklin’s joke was about the “Ethereum Name Service” (ENS), which allows users to give their wallets any name as long as they aren’t already taken – similar to domain names for the Internet. However, the domains stamped in this way are NFTs whose ownership is registered on the Ethereum blockchain, and which can therefore also be traded on NFT marketplaces such as OpenSea.

Franklin, who owns more than 57 NFTs from the popular Bored Ape Yacht Club project, now wanted to poke fun at the automated Twitter bots reporting new ENS NFT sales. For this he generated the funny ENS name “stop-doing-fake-bids-its-honestly-lame-my-guy.eth”. Then he set the NFT to OpenSea and then offered a whopping 100 Ether for the domain using one of his other wallets.

The plan worked: Some sales bots became aware of the enormously high fake offer and tweeted it. There was even a buyer who was willing to pay 1,891 Ether (around $2,900) for the ENS-NFT. Franklin gratefully accepted the offer, writing on Twitter of the “most amazing 1,891 ETH I’ve ever earned.”

That went wrong

In his delight, however, Franklin had overlooked one thing: his own 100 Ether bid was still set on OpenSea. The buyer accepted this and thus sold back to Franklin the NFT he had generated himself.

“Oh no, I lost 100 ETH. I celebrated a domain sale joke [] but in a dream of greed forgot to cancel my own bid of 100 ETH,” Franklin tweeted.

“I deserve all the jokes and criticism,” admitted Franklin himself. And maybe this little story is also a lesson for other crypto investors.

Editorial office finanzen.net

Image sources: phloxii / Shutterstock.com, archy13 / Shutterstock.com



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