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Bitcoin Discussion
Re: Ouch, today someone made a transaction with over $500k fee.
by
franky1
on
14/09/2023, 16:15:57 UTC
Quote from: o_e_l_e_o on September 11, 2023, 01:09:05 PM
F2Pool have said they will hold the funds for three days and return them to the rightful owner if claimed:
https://nitter.cz/satofishi/status/1701042302238724512#m
Quote from: Fivestar4everMVP on September 12, 2023, 08:05:52 AM
Quote from: o_e_l_e_o on September 13, 2023, 07:43:27 PM
So, turns out it was PayPal which made this error:
https://bitcoinmagazine.com/markets/paypal-reportedly-overpaid-510750-in-the-largest-usd-bitcoin-transaction-fee-ever-
Quote from: Lanatsa on September 13, 2023, 08:48:06 PM
Source:
https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction
ok now some highlights
F2pool said it would refund claimant.. yet easiet trick in the book is send funds back to the key of UTXO that spent it
[spoiler: f2pool didnt do the obvious refund trick]
instead f2pool comingled the fee overspend with its other coin rewards
https://www.blockchain.com/explorer/transactions/btc/12539f2c4a6f02bde482b730fea98a8980669bea4da9dd99db69aa6d2999a989
[spoiler: it didnt separate the fuds for easy management but heaped it together with normal cold/hotwallets funds]
so paxos admits to failure thus making claim. yet f2pool has not made any 19btc payout to any entity at the 3day deadline
the most f2pool paid outwardly is ~17btc, but this ~17btc is a 14% take it always takes when distributing funds in ~127btc lumps of payouts.
https://www.blockchain.com/explorer/transactions/btc/bf3c5bc342eea3ab0d2e6ab34b12674aaaf400074a24157832c23555ee31528e
https://www.blockchain.com/explorer/addresses/btc/339PiqWnq6WcbXHb91PXfu4q18L9AiZDhK