Ethereum News

Sender of USD 5.3 Million ETH Transactions Reportedly Revealed

It seems that the sender of last week’s USD 5.28 million Ethereum (ETH) transactions has been revealed.

Blockchain analytics and security firm PeckShield claims to have identified the sender – a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange “appears to be a Ponzi Scheme project”, claims the firm.

In order to prevent sending txs with a very high fee by accident the Geth team just introduced a new safety feature that will block sending txs with a fee > 1 ETH

Great job @peter_szilagyi

Hopefully other ETH clients will implement a similar feature soon

— Bitfly (@etherchain_org) June 17, 2020

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