About this episode
Send us a textA small London based crypto asset trading platform called DeversiFi got quite a shock two weeks ago when it mistakenly paid out a $24m fee to a large crypto miner. Transferring crypto deposits generates a fee, known in the industry as a “gas fee”, to compensate miners for the computing energy used to verify transactions on the blockchain. DeversiFi should have paid out around $5, but instead transferred 23.7 million dollars due to an error in their code.A few fat finger errors l...
Get every episode summarized
Each time Patrick Boyle On Finance publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Patrick Boyle On Finance
The UK is a Warning to the Rest of the World
Patrick Boyle On Finance
Mar 9, 202627:23failed
The Winners & Losers from Trumps New Tariffs
Patrick Boyle On Finance
Mar 2, 202630:02pending
Bitcoin Is Crashing and Exchanges Freezing Up
Patrick Boyle On Finance
Feb 23, 202630:36pending
The Co-Conspirators: The Men the FBI Tried to Hide
Patrick Boyle On Finance
Feb 15, 202628:17pending