BAYC Holder Loses 100 Ethereum as ENS Joke Goes Wrong

The BAYC NFT holder lost 100 ETH, as a result of a joke bid on his own registered Ethereum Name Service.

The BAYC non-fungible token holder lost 100 ETH, worth $150,000, as a result of a joke bid on his own registered Ethereum Name Service domain. The buyer, who had previously been the seller, said that he forgot to cancel his own 100 Ethereum joke bid on the NFT. The transfer was part of a meme mentioned with different NFT collectors in the neighborhood in which he was making an attempt to set off the EnsBidsBot account to tweet a couple of hefty 100 Ethereum bids on an ENS domain, primarily to mock the aim of such Twitter accounts.

BAYC holder loses 100 Ethereum:

He didn't get botted. He had plenty of time to cancel his offer but he ran to Twitter instead. He also sent the 1.9 Ethereum back to the person who bought/flipped it back to him. This is a mistake that he can't imagine anyone else putting in the effort to make. Recounting the transfer on Twitter, he highlighted the ridiculousness of the state of affairs by noting that this is a mistake that I can't imagine anyone else putting in the effort to make.

He didn't think about canceling or expiring because he had already concluded earlier in the day that he was never going to transfer. But then he signs and acted on it. ENS is a blockchain naming protocol that permits customers to mint names as ERC-721 tokens that may hyperlink to crypto wallets and has changed into a helpful device for eradicating the necessity to share prolonged automated pocket's tackle IDs.

Over the previous 24 hours, Nickelodeon's NFTs have generated the second largest quantity of buying and selling quantity out of any challenge listed on OpenSea at 1,066.05 ETH. "Y'all gotta respect the blockchain as a fiduciary layer and not go around making joke bids on stuff, signing 100 ETH from your wallet," wrote pseudonymous investor and NFT collector, DCinvestor.