Post
Topic
Board Bitcoin Discussion
Re: Ouch, today someone made a transaction with over $500k fee.
by
DVlog
on 10/09/2023, 21:14:40 UTC
The bitcoin fees market is getting out of control. Someone must've been really in a hurry as they paid BTC19.82 (~$511,000) fee just to send $2k worth.
Jokes aside, probably a very painful mistake. I wonder how's it going to unfold and whether the miner will return it to the unlucky sender.

Source:
Explorers: https://twitter.com/whale_alert/status/1700920065934213256
Blockstream: https://blockstream.info/tx/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd?expand
Blockchain.com: https://www.blockchain.com/explorer/transactions/btc/d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

This was like tipping a waiter a Lambo for a glass of water. It must be painful for that sender but some miners claim a jackpot. In crypto sometimes your carelessness can bring embarrassment to you like having the wrong tattoo on your butt which will never go.

If these were from a traditional banking sector many things could be done to recover that fund. But in crypto, this can be tricky because it is not a regulated territory where police will knock on the door and tell you to return the funds mistakenly sent by you. If the miner is generous enough he might return the fund but this was a lesson for all of us and it will be for rest of the year that we should check multiple times before clicking the send button.