Someone paid far more than $three million in costs for a single Bitcoin transaction
On-chain information demonstrates a person paid 83.65 BTC ($three.14 million) in costs for a 139.42 BTC ($five.23 million) transfer. Someone paid far more than...
On-chain information demonstrates a person paid 83.65 BTC ($three.14 million) in costs for a 139.42 BTC ($five.23 million) transfer.
Someone paid far more than $three million in costs for a single Bitcoin transaction
On the evening of November 23, the crypto local community was astonished by the information that an anonymous wallet “bc1qn” paid 83.65 BTC (equivalent to three.14 million USD) for a transfer of 139.42 BTC (equivalent to five, 23 million USD) to the “ bc1qyf ” wallet.
The wallet “bc1qn” paid a transaction charge of 83.65 $BTC($three.14 million) when transferred 139.42 $BTC($five.23 million) in the “bc1qyf” portfolio.https://t.co/p5j9A82rvqhttps://t.co/NFnT9tZKID pic.twitter.com/Nc8BD7umYK
—Lookonchain (@lookonchain) November 23, 2023
It is unclear no matter whether this transaction was accidental or intentional. But the charge of three million bucks is not a little volume and helps make the local community regret since it represents far more than half of the worth sent by this wallet.
Gas overload incidents are no longer unusual in the cryptocurrency marketplace. In September 2023, a BTC transaction also expense USD 510,000 in costs for a transaction of just .07 BTC (USD two,000), the identity of this wallet was then all of a sudden unveiled to be the stablecoin issuer Paxos. Paxos then claimed that they have been incorrect and wished to return the dollars, but fortunately the F2Pool authentication unit agreed to return 19 BTC.
In the previous, a person invested as a lot as USD two.five million in costs just to send USD 133 ETH, or a .one ETH transaction had a charge of up to 2100 ETH.
The factors are incredibly various, from incorrect submission, to procedure error, to hacking, but some men and women are prepared to shell out exorbitant costs to full transactions as swiftly as doable. In most incidents, the authentication unit is prepared to return or halve the charge to the sender.
Coinlive compiled
Join the discussion on the hottest difficulties in the DeFi marketplace in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!
More From Crypto News
Lookonchain Says Pump.fun Deposited 129,798 SOL Worth $14.07M
On-chain analytics account Lookonchain reported that Pump. fun deposited 129,798 SOL, valued at approximately $14.
Irish Drug Dealer-Linked Wallet Moves 500 BTC to Coinbase
Blockchain intelligence firm Arkham reportedly flagged a wallet it links to an Irish drug dealer as the source of a 500 BTC transfer directed to Coinbase, accor...
Kazakhstan Restricts Access to Coinbase, HTX and Four Platforms
Kazakhstan has moved to restrict access to Coinbase, HTX, and four other cryptocurrency trading platforms, adding to a series of regulatory actions the country...
Report: Trump to Address Foreign Crypto Scams at White House Event
The framing around “foreign” crypto scams is significant. Cross-border fraud schemes, often operated from overseas jurisdictions, have become a documented focus...
CFTC: Cash Bitcoin Trades May Face Futures Rules
Under the Commodity Exchange Act, certain retail commodity transactions, including spot Bitcoin trades offered to consumers, can be treated as futures contracts...
Zcash Rises 13% to Nine-Day High as Whale Activity Builds
Zcash surged 13% to a nine-day high on Wednesday, drawing fresh attention from market watchers who flagged notable whale activity coinciding with the move. The...
