Post
Topic
Board Bitcoin Discussion
Re: Ouch, today someone made a transaction with over $500k fee.
by
carlfebz2
on 12/09/2023, 19:27:53 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
We do have similar past events something like this but this one happens on ETH transaction.

A crypto exchange accidentally paid a $24 million fee for a $100,000 ethereum transaction – but the miner agreed to return it
https://markets.businessinsider.com/news/currencies/crypto-exchange-bitfinex-ethereum-tether-transaction-fees-error-deversifi-2021-9

Therefore, there would really be high possibilities or most likely this amount could be given back but it would really be depending though on the miner.
This is why its never been that ideal on making up some rush transactions because this is where mistakes or errors could happen and sometimes
its something that would really be costly and there's no assurance whether those amounts would be given back or not.
Lets just hope that particular person would really be able to get those and that would really be entirely be depending on the miner.