One individual that goes by the name of Max, who is an NFT’s owner, listed the NFT for sale this past weekend meaning to price it at $300,000 but accidentally typed 0.75 ether instead (roughly $3,000).
As such, Max listed the NFT for sale on Saturday, as reported by CNET. “Max, who describes himself as a ‘solo-traveler,’ bored ape, marketing agency owner & NFT investor,” had meant to price the NFT at 75 $300,000 but accidentally typed 0.75 ether instead $3,000.”
It added: “Before they could correct the mistake, the NFT had been snapped up, apparently by a bot programmed to find and buy undervalued listings. You can see the drama play out on the NFT’s OpenSea page.”
The buyer who scooped it up ended up adding $34,000 to the purchase and posting it back online for $248,000. CNET believes it was likely purchased by a bot coded to spot NFTs below a specific price range.
“How’d it happen? A lapse of concentration, I guess,” Max said. “I list a lot of items every day and wasn’t paying attention properly. I instantly saw the error as my finger clicked the mouse, but a bot sent a transaction with over $34,000 of gas fees, so it instantly sniped before I could click cancel, and just like that, $250K was gone.”
Despite the loss, Max added: “Sometimes you f*ck up, make a bad buy, out of gas fail, send Eth to the wrong wallet or fat-finger a listing,” he tweeted. “It’s going to happen. But, letting it occupy your mind for even one second after you can no longer affect the outcome is purely hurting yourself twice.”
In addition, a seller accidentally listed the price of this Bored Ape NFT as 0.75 ETH instead of 75 ETH. It sold within seconds.
It is worth mentioning that these sorts of mistakes usually happen in the world of finance; for example, in 2015, a junior Deutsche Bank employee accidentally sent $6 billion to a hedge fund client after messing up their calculations.