I'd explain the bug but I am insufficiently diversified in cryptocurrency popcorn futures to understand Ether's failure modes deeply.
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A software upgrade led to them sending malformed data to the contract along with the money. The contract didn't have any error handling.
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I like the comment that this just makes all remaining ETH slightly more valuable...
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my gut feeling here is that a contract that can spend ETH into nothing because of a bug should just not be valid code, tbh
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