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$3,737.66 1.04145
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$601.49 0.32439
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$167.49 0.22098
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$0.0000248 1.90865
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$0.0000153 8.40842
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$0.0000356 4.94746
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Bitcoin
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$68,962.00 0.40317
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Ethereum
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$3,737.66 1.04145
Ethereum price
BNB
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$601.49 0.32439
BNB price
Solana
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$167.49 0.22098
Solana price
XRP
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$0.5376800 0.75328
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Shiba Inu
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$0.0000248 1.90865
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Pepe
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$0.0000153 8.40842
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Bonk
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$0.0000356 4.94746
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Bitcoin
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$68,962.00 0.40317
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Ethereum
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$3,737.66 1.04145
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BNB
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$601.49 0.32439
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Solana
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$167.49 0.22098
Solana price
XRP
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$0.5376800 0.75328
XRP price
Shiba Inu
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$0.0000248 1.90865
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000153 8.40842
Pepe price
Bonk
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$0.0000356 4.94746
Bonk price
Bitcoin
Bitcoin (BTC)
$68,962.00 0.40317
Bitcoin price
Ethereum
Ethereum (ETH)
$3,737.66 1.04145
Ethereum price
BNB
BNB (BNB)
$601.49 0.32439
BNB price
Solana
Solana (SOL)
$167.49 0.22098
Solana price
XRP
XRP (XRP)
$0.5376800 0.75328
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000248 1.90865
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000153 8.40842
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$0.0000356 4.94746
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SirWin
SirWin
SirWin

Blur offers 50% refund to NFT trader who lost 70 ETH due to bug

News
Blur offers 50% refund to NFT trader who lost 70 ETH due to bug

A Twitter user complained that the UX issue at Blur made him accidentally bid a token and lose 70 ETH. NFT marketplace offered him a 50% refund.

A pseudonymous Twitter user Keungz opened up about losing a whooping 70 ETH (about $83,300 at press time) while using Blur’s new bidding system. 

https://twitter.com/keung/status/1600433055230922754

Keungz thought this was his fault due to the lack of sleep. However, he later found out that there was a problem with Blur’s UI/UX.

The loss occurred after the user deposited more than 140 ETH into the bidding pool and accidentally paid 70 ether for an Art Gobblers NFT with a far smaller floor price.

The trader explained that this error could have been avoided if the marketplace auto-added a zero in front of a bid with a decimal point as its first character. Secondly, Keungz urged the marketplace to add the ‘place bid’ button on the bidding interface when the price is higher than the floor.

Despite losing a fortune in Blur’s marketplace, Keungz claimed it was still “the coolest marketplace atm.”

Blur swings to action and compensates Keungz 50% refund.

In response to Keungz’s and other Twitter users’ complaints, Blur admitted the bug and offered 50% compensation:

The NFT platform added the following:

“Specifically, we will query for collection bids that were accepted over 25% of the non-flagged floor and refund them automatically. We’ll do this within the next 10 days (likely sooner).” 

In the middle of October, Blur launched so much fanfare from the NFT community — muscling in on an increasingly competitive market corner. The move to refund victims of their platform’s poor interface comes just days following the platform’s second airdrop to its users.