Refund

Bitcoin

In a remarkable move, <a href="https://account.antpool.com/sign_up?method=2&amp;service=&amp;inviteCode=f9nZyT">AntPool</a>, a prominent cryptocurrency mining platform, has announced its intention to refund an enormous transaction fee of 83 BTC to a user, contingent upon identity verification. This decision follows an unusual incident where the user, while transferring 139 BTC, was charged approximately $3.1 million (83 BTC) as a transaction fee. The incident, which occurred on November 23, drew significant attention due to the exorbitant fee involved, according to <a href="https://finance.yahoo.com/news/riot-platforms-inc-nasdaq-riot-165914340.html">Yahoo</a>. 
AntPool's response was prompt. Their risk control system had frozen the fee during the transaction process. Now, they are asking the affected user to provide identity proof. The user must use a signing tool, such as Electrum or Bitcoin Core, and a private key from a wallet address provided by AntPool. They have until December 10 to complete this process. 
This incident isn't the first of its kind. In September, a similar situation occurred when Paxos, a stablecoin issuer, was charged a $500,000 fee for a $2,000 BTC transfer. The Bitcoin miner who received this fee later returned it after a social media poll. 
This refund decision by AntPool not only highlights the complexities of cryptocurrency transactions but also reflects the evolving nature of user protection in the digital asset space.

AntPool to Refund 83-Bitcoin Transaction Fee to User

Ultramining_Eng

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