Bitfinex’s exchange paid Mainer a disproportionately high commission of $ 23.7 million per transferred to 100 thousand dollars to its daughter platform Deversifi. Such a price cost the company employee error. Bloomberg recognized the “typos of thick fingers” occurred “typos of the historical scale – so usually call input errors, the cause that has become a human factor.
Bitfinex translated 100 thousand dollars in TETHER cryptocurrency (Stelkoin, tied to the dollar in a 1: 1 ratio) on the Deversifi subsidiary. Transactions with Tether occur in the Ethereum blockchain – this means that the sender must pay the commission for the inclusion of a transaction into a digital registry. The amount of collection may vary depending on the demand and supply of computational power at the moment. High commissions have become a normal phenomenon against the background of the growing popularity of decentralized financing built on the blockchain technology. However, the amount of $ 24 million was “mistakenly high”, as Deversifi said in his account in twitter . “No customer funds on Deversifi are at risk, and this is the internal problem that Deversifi must decide. Operations are not affected,” the platform representatives assured.
“Errors due to thick fingers” regularly cause sharp fluctuations in stock markets, but for the cryptocurrency world they have a fatal value, as it is believed that transactions in the blockchain are irreversible. However, the day after the write-off of Deversifi’s funds, said that Mainer, who made the translation, returned the company 7626 Tocken Ethereum, which at the time of writing the news is 21,769,275 dollars. “The blockchain is unchanged. But the revolution in which we participates is determined by the human qualities of each of us,” added Deversifi in twitter .
Similar errors sometimes have huge consequences for the cryptocurrency market. In 2019, the Creator Tether accidentally doubled the amount of tokens in circulation due to the error in the calculations, which led to the fall of the Bitcoin course. Reliability of transactions on cryptocurrency exchanges are threatened and hacker attacks. In August, the largest digital remedy was committed – the Poly Network blockchain platform announced that hackers managed to get cryptocurrency by $ 600 million.