Vitalik Buterin Comments on Strange Transaction Fees

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Ethereum creator Vitalik Buterin says recent high fees could be blackmail.

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Vitalik Buterin Comments on Strange Transaction Fees

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Multiple transactions recently incurred millions in transaction fees on the Etheruem network, which creator Vitalik Buterin thinks could have been blackmail. 

«So the million-dollar txfees *may* actually be blackmail,» Buterin said in a June 12 tweet.

What happened?

Proposing his theory on the situation, Buterin explained:

«Hackers captured partial access to exchange key; they can’t withdraw but can send no-effect txs with any gasprice. So they threaten to ‘burn’ all funds via txfees unless compensated.»

This story is currently developing. We will update accordingly as new information is available.