Bitcoin

<p>In a stunning mishap, a bitcoin user mistakenly paid a whopping 4 BTC, equivalent to $172,000, as a transaction fee for transferring just 2.9 BTC. This extraordinary commission, 133% of the transaction value, is a staggering 29,992 times higher than the average network fee, currently $11.35. The incident, spotted by Whale Alert, a service tracking large cryptocurrency transfers, has sparked intense debate. While some suggest a simple error, others speculate on potential money laundering activities.&nbsp; according to <a href="https://hashtelegraph.com/neizvestnyj-zaplatil-4-btc-za-tranzakciju-bitkoina/" rel="noopener noreferrer nofollow">Hash Telegraph</a>.</p>
<p>Exorbitant fees are not new to Bitcoin; in November 2023, an unidentified user paid 83.65 BTC, over $3.1 million, citing a wallet hack. The AntPool <a href="https://ultramining.com/en/ratings/" rel="noopener noreferrer nofollow">mining pool</a>, which received this fee, later agreed to refund it. Similarly, in September 2023, Paxos accidentally paid a $520k fee for a $2k transaction. The miner <a href="https://ultramining.com/en/ratings/f2pool/" rel="noopener noreferrer nofollow">f2pool</a>, recipient of this commission, returned the funds.</p>

$172K Fee on a Bitcoin Transfer

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