A blockchain investigator accidentally turned a document on a million-dollar theft into a $15 million tradable token. The creator intended to create an NFT as a permanent record of his investigation into a $243 million theft involving a Genesis creditor. However, the Zora protocol automatically converted the NFTs into ERC-20 tokens, making them tradable on decentralized exchanges like Uniswap.
The token’s value soared to $4,300 before falling to $4 million in market value. The creator was not aware that the ERC20 token would be created alongside the NFT.
