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SparkPool Splits Accidentally Sent ETH Fee With Sender

In an act sure to instill some confidence in the state and integrity of today’s blockchain ecosystem, cryptocurrency mining poolSparkpool’ has agreed to split half of the accidentally sent 2,100 ether (ETH) fee sent on February 19th with its sender. Upon receiving the payout of over USD 300,000 at the time, Sparkpool froze the sum, recognizing that it was likely accidentally sent. After all, miners were rewarded roughly 600 times the amount they generally would for mining an ETH block (typically around 3 ETH).

At the time, some speculate that the 2,100 ether fee attachment was a sign of good faith by a mysterious crypto donor, however; others were skeptical – attributing it likely to human error. Others also speculated that this was an attempt to launder or wash money through the Ethereum network, obfuscating illegitimately procured funds. This isn’t the first time that a crypto user accidentally attached an ungodly sum in transaction fees to a relatively small transaction, with one Bitcoin HODL’er attaching 30 BTC on a 38 BTC transaction back in 2014.  

All’s Well That Ends Well

Luckily for the accidental sender, a blockchain firm based out of South Korea, Sparkpool dug a bit deeper. Subsequently, Sparkpool receive an email from the user, noting that they had made a grave mistake in attaching such a gargantuan ETH fee on February 19th. Sparkpool then verified the email sender was the true sender of the payment, asking that the firm send 0.022517 ETH to the same address to prove ownership. You can find the transaction ID in Etherscan here.

After that, it was time to figure out an agreement, which saw the likes of Sparkpool and its miners keeping half of the 2,100 ETH payout, and the other half being returned to the South Korean blockchain firm. The firm further went on to comment, “Thank you Sparkpool and your miners for helping us to recover our loss, we are willing to share half of 2,100 ETH with the miners to thanks the miners’ integrity.”

All’s well that ends well this time around. We do recommend double-checking everything when transacting with any cryptocurrency, and making sure you’ve implemented proper security measures for storing crypto as well.

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-Obiter Cryptum

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