A Bitcoin Ordinals trader recently found themselves in a predicament after mistakenly purchasing a non-fungible token (NFT) on the Bitcoin network for a significantly higher amount than intended.
On March 1, the trader took to X to share their experience, revealing that they had made their “biggest mistake” in trading Bitcoin-based NFTs. Initially intending to buy the NFT for 0.021 BTC (approximately $1,287), they were shocked to realize post-transaction that the listing price was actually 0.21 BTC (about $12,877).
Feeling embarrassed and regretful, the trader lamented the unexpected windfall for the seller and urged others to double-check their transactions before finalizing them. However, the situation took a positive turn when Dan Anderson, the seller of the NFT, came across the X post.
Anderson acknowledged the listing as his own and promptly offered to return the funds, emphasizing the integrity behind his pricing decision. He encouraged the trader to accept the offer, stating his reluctance to capitalize on a mistaken transaction. The trader accepted the offer, and the funds were promptly returned.
With the return of funds, the NFT was relisted in the market at its original listing price of 0.21 BTC.
While this incident ended amicably, not all cases of mistaken crypto transfers lead to such positive outcomes. Instances like the Australian crypto exchange OTCPro’s accidental overcredit to a user, who failed to respond or return the excess amount, highlight the complexity of such situations.
Similarly, cases where recipients fail to return mistakenly transferred funds, such as the couple who received $10.5 million from Crypto.com in 2022 and opted to spend it on luxury items instead of returning it, underscore the ethical considerations and legal repercussions involved.
Get $200 Free Bitcoins every hour! No Deposit No Credit Card required. Sign Up