Last week, the crypto community spotted transaction fees of up to $2.6 million featured in several transactions on the Ethereum network. Vitalik Buterin has since suggested that the abnormous fees “may actually be blackmail," but some researchers have now challenged that claim.
The first suspicious transfer took place on June 10, when $2.6 million in fees was paid to move just 0.55 Ether (ETH). Within 24 hours, a second transaction of 350 ETH was made from the same wallet, spending the exact same amount — $2.6 million — in gas.
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