Key Points
- A Bitcoin Ordinals trader recouped funds after mistakenly purchasing a $13,000 NFT on the Bitcoin network.
- The seller of the NFT, upon noticing the mistake, offered to buy back the NFT, effectively returning the funds.
A trader of Bitcoin Ordinals recently made an erroneous purchase of a nonfungible token (NFT) valued at $13,000 on the Bitcoin network.
On the 1st of March, the trader shared a post on a platform, detailing this error, which they termed as their “biggest mistake” since they began trading Bitcoin-related NFTs.
Mistaken Purchase
The trader believed they had purchased an NFT for 0.021 BTC, equivalent to approximately $1,287. However, after the transaction, they realized that the NFT was listed at 0.21 BTC (around $12,877).
The trader expressed their embarrassment and disappointment, stating that a “lucky person” had received a substantial amount of money due to their mistake. They shared their experience as a cautionary tale for others to double-check their digital asset transactions.
Resolution of the Mistake
Dan Anderson, the seller of the NFT, noticed the post and pledged to return the funds. Anderson stated that it was his listing and that he had already proposed a buyback offer for the NFT at 0.21 BTC in the marketplace.
The trader accepted the offer, and the funds were returned. The NFT has since been relisted in the market at 0.21 BTC.
While this trader was able to recover their funds, not everyone who mistakenly receives cryptocurrency is as willing to return it.
In one instance, Australian crypto exchange OTCPro accidentally credited a user $653,000 instead of $65,300 due to an error. The exchange alleged that the user has ignored emails, calls, and court appearances since the mistake was discovered.
In another case, a couple who mistakenly received $10.5 million from Crypto.com spent the money on luxury items, including a mansion, rather than returning the funds. The couple later faced legal consequences for their actions.
