How This NFT Whale Lost $150,000 on a ‘Prank’

How This NFT Whale Lost 0,000 on a ‘Prank’

Bored Ape NFT whale Franklin lost 100 wrapped Ethereum (WETH), worth roughly $150,000, due to a prank bid gone wrong for an Ethereum Name Service (ENS) domain he registered on July 20.

The joke started on July 19 when Franklin asked his followers what “phrase or meme” they wanted him to place a 100 WETH bid on to trigger ENS Bid’s Twitter bot account.

Franklin then registered “stop-doing-fake-buds-its-honestly-lame-my-guy.eth” using another wallet and placed a 100 WETH bid from his main wallet.

However, Franklin received a surprise offer of 1.9 WETH (about $2,800) from someone else for the ENS domain. He accepted the offer, took to Twitter to celebrate his “victory”, and forgot to cancel his last 100 WETH offer for the same ENS name.

Meanwhile, less than 30 minutes later, the new owner of the ENS domain name accepted Franklin’s forgotten bid of 100 WETH – essentially selling the domain name he bought from Franklin for $2,800 back to him for $150,000.

Franklin took to Twitter to lament the situation, tweeting that he was not “botted” and had “plenty of time” to rescind his offer.

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The Bored Ape whale is now trying to recover his lost 100 WETH by refunding the 1.9 WETH he got from the ENS domain sale. However, he admits there is a “0% chance” he will get his money back.

A Twitter account, 8892OS, claimed to be the recipient of Franklin’s 100 WETH.

As of press time, it is unclear if Franklin got the 100 WETH back.

The crypto community is reacting

Twitter’s crypto community has been divided in their reaction to this situation.

Some argued that the new seller should keep his inventory, while others believe Franklin should be refunded.

Some members of the community also took the opportunity to troll Franklin.

NFT aggregator DC Investor said everyone should learn from Franklin’s mistake and “respect the blockchain as a fiduciary layer.”

Posted in: Ethereum, NFTs

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