On February 16, Danny Deezy (@dannydiekroeger), the founder of Deezy Inc., highlighted the hilarious move of Magic Eden, a popular NFT trading marketplace for Bitcoin involving Coinbase. However, on May 20, the Mononaut (@mononautical) revealed the actions of Coinbase as a revert to Danny’s reaction.
Highlights from Danny Deezy’s Post
In the initial post on May 16, Danny Deezy revealed that “Magic Eden has pulled one of the most hilarious finesse moves on Coinbase I’ve ever seen.”
It highlights the actions of Magic Eden, a popular marketplace that outsmarted the crypto exchange giant Coinbase. Magic Eden successfully landed the responsibility of paying the bills for consolidating tiny outputs or crypto dust for the executed transactions on the marketplace on Coinbase.
The scheme was discovered and was widely spread through social media platforms like X.com. Magic Eden was utilizing their Coinbase account addresses rather than their own addresses to receive utxo
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