Think you’re having a rough Monday morning? Probably not as bad as the guy in this next story and his mistake of epic proportions.
Up on the bitcoin page at Reddit.com is a story that’s no short of eye-catching. It starts with said user trying to send a bitcoin address funds. Except — oh dear — it’s the wrong address.
It’s happened before, and it will continue to happen in the future, likely.
But the amount sent is what’s really eye-popping. In the words of the original poster: “If you just received 800 Bitcoin out of the blue, it was from me”.
You read that right. Eight hundred bitcoins. If you were wondering, that’s worth a whopping $504,000 at the current exchange rate. That brought the total received by the address (viewable here) 1,100 BTC or $693,000.
The previous 300 BTC transmission was sent by the same person, presumably intentionally.
(Side note: the user did confirm the validity of this story by signing a message, which you can view the contents of here.)
Wondering who the address belongs to? According to the poster, it’s Mt. Gox. And given the company lost access to hundreds of thousands of bitcoins earlier this year, it’s unlikely he’ll ever get them back (we’re hopeful for him, though!).
It outlines that one of the key benefits of bitcoin — the fact that bitcoin transactions are irreversible — can also be a downfall, particularly in these sorts of cases.
It’s an all-around unfortunate situation. Moral of the story: always verify the address you’re sending to!