NFT Trader Accidentally Burns $135,000 CryptoPunk | CoinMarketCap

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NFT Trader Accidentally Burns $135,000 CryptoPunk | CoinMarketCap
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cryptonews: It's the stuff of nightmares — a fat-fingered mistake that causes a substantial chunk of your net worth to vanish. ⚡️

It's the stuff of nightmares — a fat-fingered mistake that causes a substantial chunk of your net worth to vanish.He had paid the princely sum of 77 ETH for the rare collectible just two weeks ago — a sum that's worth $135,000 at the time of writing.

On Twitter, he explained that he was trying to wrap the CryptoPunk so he could take out a loan against it — and earn 7% interest as a result. He wrote: He admitted that, because he isn't a developer, he was very unfamiliar with how the contract worked — and should have known something was wrong. This motto has gained added significance following the shocking bankruptcies of FTX, Voyager and Celsius that began with withdrawals being frozen — and now, millions of people remain locked out of their funds.

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