You and Your Big Fat Finger

Some are blaming a misplaced decimal point. CNBC blames a "fat-finger" error. However, the asking price for a recently sold NFT came to be, it wasn't the seller's intention, and now he's out hundreds of thousands of dollars because of it. It seems a member of the Bored Ape Yacht Club site-an an elite portal where the cheapest nonfungible token usually goes for more than $200,000-attempted, to list his own entry for 75 ether in cryptocurrency, or about $300,000. The problem for seller "Max"-who describes himself as a "solo-traveler, bored ape, marketing agency owner & NFT investor" is that he listed the NFT for sale at 0.75 ether, or about $3,000. And it was quickly snatched up, likely by one of the bots that often lurk online waiting to exploit just such a situation. NFTs from the Bored Ape collection are mainly coveted, with celebrities like Jimmy Fallon and Steph Curry owning samples. Max blames his blunder on a "lapse of concentration" but says he noticed what he'd done the instant said fat finger touched the mouse-but "just like that, $250K was gone." However, should this happen to you, CNET notes mistakes like this that are made using traditional payment methods are often reversed by financial institutions if you notify them immediately. Still, with cryptocurrency, the transactions aren't going through any centralized location, meaning it's up to the buyer if they want to be friendly and cancel the deal. (CNBC)


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