Home Crypto News Ethermine to distribute $2.6 million transactions to miners

Ethermine to distribute $2.6 million transactions to miners

3 min read

The uncommon transactions is likely to be the results of blackmail, says Primitive Ventures founder

Ethermine, one of many mining swimming pools that acquired $2.6 million in transaction charges throughout a string of irregular transactions final week, has determined to distribute the astronomical payment amongst its miners.

The Ethereum mining pool, Ethermine initially requested the unknown pockets proprietor to contact them if the transaction was processed by mistake. The tweet stated “Today our Ethermine ETH pool mined a transaction with a 10.000 ETH fee. We believe that this was an accident and in order to resolve this issue the sender should contact us immediately!”

However as no verifiable claims have been positioned on the pockets after 4 days, the mining pool has determined to distribute the transaction payment. The firm acknowledged that “given the amount involved we believe four days is sufficient time for the sender to get in touch with us.” Each miner can count on to obtain rewards equal to 5 days of regular mining.

Dovey Wan, the founding accomplice at Primitive Ventures, was fast to level out that it was unlikely for the weird transactions to be a part of a money-laundering conspiracy. “This a stupid way to launder money by the way,” he tweeted. “First you need to collude with Pools to get the fund cycle back (which will expose them), and such high-profile outstanding transactions will be under the scrutiny of the entire community, which is the last thing money laundry want,” he defined.

He argued as a substitute that this could possibly be a type of blackmail by somebody who hacked into the unknown pockets. He acknowledged that it appears as if the “hacker can move the coin but only to a list of certain addresses which are whitelisted (or other unknown constraints).”

Wan believes that the hacker is likely to be draining the pockets to extract a ransom. “hence by tossing exchange asset might pressure exchange side to settle with ransom,” he tweeted.

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