NFT Collector Accidentally Sells $1.2M Rock for $0.0012
Ethereum

NFT Collector Accidentally Sells $1.2M Rock for $0.0012

2d"
8 months ago

"In one click my entire net worth of $1 million, gone. Is there any hope? Am I GMI? Can snipers show mercy?"

NFT Collector Accidentally Sells $1.2M Rock for $0.0012

If you think you're having a bad week, spare a thought for this NFT collector who lost his entire net worth "in a single click."

DinoDealer claims that he had intended to list his Ether Rock for 444 ETH — worth a jaw-dropping $1.2 million at current rates.

But instead, he confused this for the smaller denomination of Ether, meaning it was advertised for sale on OpenSea at just 444 WEI.

Before DinoDealer could realize his fatal error, a bot snapped up the rock for just $0.0012 — and instantly began offering the NFT to the marketplace for 234 ETH. If sold, this would result in a tidy profit of about $650,000.

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Lamenting the costly mistake on Twitter, DinoDealer wrote:

"In one click my entire net worth of $1 million, gone. Is there any hope? Am I GMI? Can snipers show mercy?"

Bots regularly scour NFT marketplaces like OpenSea and swoop in to capitalize on these mistakes. And unfortunately, the decentralized nature of cryptocurrencies means there can be little way to make amends or make a U-turn once a transaction has been executed.

It doesn't help that sending crypto from one wallet to another usually involves a long string of letters and numbers — increasing the likelihood of a typographical error.

DinoDealer has attempted to reach out to the owner of the bot to get his Ether Rock back, appealing to their more generous side. However, it appears these messages have fallen on deaf ears so far — and worryingly, the victim has been approached by a number of suspicious individuals who are claiming to offer refunds.

On Twitter, several users reached out to DinoDealer to offer their condolences — with some offering (less valuable) NFT rocks as a small form of compensation.

Nonetheless, DinoDealer appears to be putting a brave face on his huge mistake, quipping:

"Crypto customer service? Hello. Can I make a reversal request?"

The moral of the story is this: whenever you're listing an NFT for sale — or you're about to make a significant transfer of crypto from one wallet to another — check, double check AND triple check whether you've filled everything in correctly. While transactions often need to be performed in a rush, taking an extra few seconds to verify things could save you a lifetime of regret.

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