Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Ouch, today someone made a transaction with over $500k fee.
by
Lanatsa
on 13/09/2023, 20:48:06 UTC
⭐ Merited by pawel7777 (1)
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

Indeed, ouch, I almost feel physical pain when I read how someone fat-fingered such a huge amount to the miners. It would be fair for the pool to return the sum if requested by the sender and it would be fair for the sender to send some amount as a gift back to the pool. Something like $10k would be a great tip I guess.  Cool

Here's the update of the said huge fees been accidentally sent out.

“Paxos overpaid the BTC network fee on Sept. 10, 2023. This only impacted Paxos corporate operations. Paxos clients and end users have not been affected and all customer funds are safe. This was due to a bug on a single transfer and it has been fixed. Paxos is in contact with the miner to recoup the funds.”

Source: https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction

As long that miner would really be willing to give it back (which is likely) then i do agree that it wont really be that
bad on giving some $10k tip but i highly doubt that. lol