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 https://t.co/pyDweUGOT1
Great job @peter_szilagyi
Hopefully other ETH clients will implement a similar feature soon
— Bitfly (@etherchain_org) June 17, 2020