Costly Typos: Crypto Technology is Harshly Unforgiving of Human Error

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Currently worth over $3 trillion, the crypto market stores an incredible amount of valuable assets in its signature blockchain technology.

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Acting as a giant transparent spreadsheet that’s secured and verified by users across the world, this blockchain technology has great power.

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Yet with that power comes great… possibility for human error.

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Accidental Crypto Sales on the Rise

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For example, in January, a Bored Ape Yacht Club NFT sold for just one-hundredth of the price because the seller put a decimal in the wrong place.

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There’s the story of someone listing their CryptoPunk NFT for $19,000 instead of $19-million. Or someone selling another NFT for 99 wei instead of Ethereum, which resulted in a $200,000 loss.

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