Bitcoin

A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. 
On Sept. 10, a BTC transaction that moved only nearly $2,000 had a <a href="https://crypto.news/paxos-mistakenly-paid-over-500k-for-one-bitcoin-transaction/" data-type="link" data-id="https://crypto.news/paxos-mistakenly-paid-over-500k-for-one-bitcoin-transaction/" rel="noopener noreferrer nofollow">payment</a> fee of $500,000. 
Later, on Sept. 13, it was revealed that Paxos made the transaction. The company explained to crypto.news that it was due to an internal server mistake. Paxos added that the funds were safe and belonged to the team. 
 You might also like: <a href="https://crypto.news/paxos-mistakenly-paid-over-500k-for-one-bitcoin-transaction/" rel="noopener noreferrer nofollow"> Paxos mistakenly paid over $500k for one Bitcoin transaction </a> 
On Sept. 15, the F2Pool that received the fee have sent the 19.82108632 BTC overpayment back to Paxos. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 F2Pool have sent the 19.82108632 BTC fee overpayment back to Paxos <a href="https://t.co/IB32RNq5uO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/IB32RNq5uO</a>— mempool (@mempool) <a href="https://twitter.com/mempool/status/1702570463824642310?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 15, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<a href="https://crypto.news/paxos-report-44-3m-pyusd-in-circulation-are-overcollateralized/" data-type="link" data-id="https://crypto.news/paxos-report-44-3m-pyusd-in-circulation-are-overcollateralized/" rel="noopener noreferrer nofollow">Paxos</a> is a blockchain infrastructure provider that was founded in <a href="https://crypto.news/singapore-issues-order-against-three-arrows-capital-founders/" data-type="link" data-id="https://crypto.news/singapore-issues-order-against-three-arrows-capital-founders/" rel="noopener noreferrer nofollow">Singapore</a> in 2012. The company aims to bring regulatory oversight to digital assets and blockchain technology. Paxos has positioned itself as a trusted and reliable platform for consumers and financial institutions to engage with digital assets securely. 
One of Paxos’ notable achievements is its partnership with the Monetary Authority of Singapore (MAS), which serves as the country’s financial regulator. This collaboration allows Paxos to operate under the oversight of MAS, ensuring that its services adhere to regulatory standards. 
Paxos has a global presence, with offices in Singapore, New York, and London and a team of over 200 employees, according to Crunchbase. 
 You might also like: <a href="https://crypto.news/paxos-report-44-3m-pyusd-in-circulation-are-overcollateralized/" rel="noopener noreferrer nofollow"> Paxos report: $44.3m PYUSD in circulation are overcollateralized </a>

Bitcoin miner returns to Paxos $500k in mistakenly paid fees

crypto.news

Other articles published on Sep 15, 2023

XRP Whale Movements Draw Market Attention Amid Deaton’s Legal Battle

Wall Street's Shift from Bitcoin to XRP Sparks Crypto Controversy

XRP Lawyer Reiterates his Commitment to LBRY: Files Amicus Curie Notice

WuBlockchain Weekly: CoinEx Faces Cyberattack, FTX Coin Selling Rules, Binance US Announces Layof...

SEC Lawsuit, FUD, and Social Media Hacks: Is XRP Facing Assault?

Solana price at risk? FTX wins approval to offload $1.6 billion SOL

Join our free newsletter for daily crypto updates!