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NFTs News

Blur Refund 50% For NFT Traders Affected By UI Behavior

December 8, 2022 - Around 1 mins mins to read
After a customer pointed out an interface problem that led them to lose 70 ETH, Blur is providing some traders a 50% refund on certain purchases.
Blur Refund 50% For NFT Traders Affected By UI Behavior

Previously, user Keungz.eth paid 70 ETH for Art Gobbler 8273 on Blur since the amount submitted in Blur’s bidding algorithm could not recognize the first decimal given, and when the user entered “.70,” the NFT marketplace would default to a bid of “70” rather than “0.7.”

After additional investigation, the platform determined that this is a problem from the user’s perspective, and it will reimburse 50% to traders who were harmed by this UI behavior.

It will specifically inquire about collection bids that exceed 25% of the non-flagged floor and instantly reimburse them. It will do so within the next ten days (likely sooner).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News

Art Gobbler

Blur

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

Blur Refund 50% For NFT Traders Affected By UI Behavior

After a customer pointed out an interface problem that led them to lose 70 ETH, Blur is providing some traders a 50% refund on certain purchases.
Blur Refund 50% For NFT Traders Affected By UI Behavior

Previously, user Keungz.eth paid 70 ETH for Art Gobbler 8273 on Blur since the amount submitted in Blur’s bidding algorithm could not recognize the first decimal given, and when the user entered “.70,” the NFT marketplace would default to a bid of “70” rather than “0.7.”

After additional investigation, the platform determined that this is a problem from the user’s perspective, and it will reimburse 50% to traders who were harmed by this UI behavior.

It will specifically inquire about collection bids that exceed 25% of the non-flagged floor and instantly reimburse them. It will do so within the next ten days (likely sooner).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News