It seems that Paxos produced a error through the transaction and is contacting mining pool F2Pool for a refund.
Surprised by the identity of the individual who paid half a million bucks in Bitcoin transaction charges
This was confirmed by stablecoin issuer Paxos The block that it was they who executed the Bitcoin transaction for a charge of half a million bucks, triggering a stir in the cryptocurrency neighborhood on September 11th.
As reported by Coinlive, a person performed a single transaction Transferred .07 BTC (just about $two,000) but utilised up to 19.eight BTC in transaction charges (extra than $510,000).
One of the best of all time 🤯 pic.twitter.com/XcSznC1xxX
— Bitcoin Magazine (@BitcoinMagazine) September 10, 2023
On September 14, Paxos confirmed The block that they produced a error through the transaction, but claimed that it was the company’s income and did not have an effect on the client’s assets.
Paxos mentioned it is contacting F2Pool, the mining pool that mined the Bitcoin block containing the erroneous BTC charge transaction, to request a refund. Previously, the founder of F2Pool had confirmed on X (Twitter) that he would be ready to refund the individual who produced the transaction if contacted inside three days.
However, in the most current publish, this individual exhibits indications of shifting his thoughts and is thinking of the possibility of returning only 50% or trying to keep all the income.
I was angry and regretted agreeing to refund people twenty BTC. Especially when I noticed the individual stating this preserve saying EST as an alternative of EDT/UTC. The final time a Zcash man did anything like this, I blocked his complete business.
So what must I do?
— Chun (@satofishi) September 13, 2023
Paxos is a well-known trading broker, cryptocurrency custodian, and stablecoin issuer in the cryptocurrency marketplace, primarily based in the United States. Paxos is the organization behind Binance’s BUSD ahead of it was ordered to withdraw and cease operations by the US government, as nicely as a short while ago announced as the payments marketplace giant’s PayPal USD (PYUSD) stablecoin issuing spouse PayPal.
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