AntPool to refund record $3.1M Bitcoin transaction fee after costly user mistake

Bitcoin (BTC) mining excavation AntPool said it would refund 83 BTC, much than $3 million, an chartless idiosyncratic had paid arsenic state fees for a transaction, according to a Nov. 30 statement.

On Nov. 23, CryptoSlate Insight reported that BTC artifact 818,087, mined by AntPool, had seen fees exceeding 85 Bitcoin. Reports aboriginal revealed that 1 idiosyncratic had mistakenly paid 83.6 BTC for a azygous transaction, mounting a caller grounds for a transaction fee connected the blockchain network.

In its update, AntPool said its hazard power strategy detected the exorbitant interest during transaction processing, prompting the excavation to frost it temporarily. The excavation urged the rightful proprietor of the funds to interaction them earlier Dec. 10 to verify their identity.

AntPool wrote:

“The hazard power strategy of ANTPOOL temporarily froze the interest erstwhile packaging the transaction. Please interaction america earlier 00:00 (UTC+8) connected December 10, 2023 and verify idiosyncratic identity.”

The mining excavation requested that the money proprietor should hole a signing instrumentality similar Electrum oregon Bitcoin Core that would beryllium utilized to motion the connection “AntPool” via the backstage cardinal of the BTC code that sent the transaction.

The money proprietor indispensable besides nonstop the signed substance to the mining pool’s enactment email address.

Last week, a claimant, identified arsenic 83_5BTC, emerged connected the societal media level X (formerly Twitter).

83_5BTC asserts ownership of the wallet that incurred the important transaction fee, saying:

“I created a caller acold wallet, transferred 139BTC to it and it got transferred retired to different wallet immediately. I tin lone ideate that idiosyncratic was moving a publication connected that wallet and that the publication had a weird interest calculation.”

Concerns were raised astir the claim’s authenticity, arsenic it could impact a compromised wallet. However, the claimant signed a connection proving the funds belonged to them.

Notable figures wrong the community, including Mempool pseudonymous developer Mononaut, were capable to verify this assertion independently.

The station AntPool to refund grounds $3.1M Bitcoin transaction interest aft costly idiosyncratic mistake appeared archetypal connected CryptoSlate.