2023-12-02 07:38:22
Bitcoin mining pool AntPool made headlines following agreeing to refund a record $3 million in transaction fees. However, this decision comes with one condition: the sender must reveal himself by December 10, 2023. Antpool’s decision comes following a sender accidentally paid out a staggering 83.65 BTC ($3.1 million). The user who committed the error was attempting to transmit a transaction amounting to 55.77 BTC when he was in a pore. The case, which involved a transfer in block 818,087, sets a new record for the largest fee paid in dollars for a single bitcoin transaction. The situation took a turn when a user named “83_5BTC” claimed to be the victim of this staggering amount of transactions, stating that his cold wallet had been hacked. After someone transferred 139 BTC to another cold wallet, the money was quickly transferred. The complexity of the situation put AntPool’s risk management system to the test, leading to a temporary fee freeze. The mining pool then announced that it would cancel the brutally large fee if the user proved their identity. It wasn’t the first time someone paid such a huge transaction fee this year. In September, crypto provider Paxos was responsible for a 20 BTC transaction fee. At the time, a Paxos spokesperson confirmed the overpayment and attributed it to a single transfer error. The incident sparked widespread controversy in the crypto community, following which F2Pool co-founder Chun Wang expressed his regret that Antpool decided to pay back. Cosmos developer “chjango.cosmos” proposed a half-and-half split between Paxos and the network’s miners. Taken together, these cases highlight the delicate nature of cryptocurrency transactions and the need to always double-check everything.
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