Bored Ape whale loses $150,000 of ETH in ENS listing fumble

Quick Take

  • When Franklin Caldwell first minted an Ethereum Name Service (ENS) domain, he placed a joke bid on it for 100 ETH.
  • He made a mistake when he sold the NFT without having removed the bid.

Franklin Caldwell, or “franklinisbored” as he is known on Twitter, lost 100 ETH ($150,000) in an Ethereum Name Service (ENS) domain name transaction on Wednesday.

Caldwell is the seventh-largest holder of Bored Ape Yacht Club non-fungible tokens (NFTs) and is regarded as an influencer in the NFT space.

It all started when Caldwell created the ENS domain “stop-doing-fake-bids-its-honestly-lame-my-guy.eth" on Tuesday. Caldwell then placed a 100 wrapped ETH (WETH) bid on the ENS domain.

This was done to draw attention to the fact that people routinely create ENS with comical phrases and place fake bids on them. This is done to get attention from a listing bot that's shares such bids on Twitter — and can often see a large number of retweets if the names are particularly humorous.

Another NFT collector who goes by "8892" on Twitter placed a 1.89 WETH ($2800) offer on the x2y2 marketplace. Caldwell accepted the offer, forgetting that he had previously placed the 100 WETH “joke bid” on the same item. 8892 was then able to accept the existing 100 WETH offer since it was still there. This automatically triggered the sale of the ENS name back to Caldwell for 100 WETH.

In all, 8892 made a 97.5 WETH in profit off Caldwell’s mistake. The Bored Ape whale realized the error and contacted 8892 by sending an on-chain message to 8892. Caldwell also refunded the 1.89 WETH in the hope of getting 8892 to reverse the transaction. Yet the latter wasn't moved by the gesture.

“I ripped this guy off for 100 ETH and he just sent me another 1.9?” 8892 tweeted in response.

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