1 year ago
According to on-chain data, a Bitcoin idiosyncratic spent a staggering 19 BTC, astir $510,000, successful transaction fees for transferring a specified 0.074 BTC, valued astatine little than $2,000, connected Sept. 10.
Source: MempoolThe mean transaction fee connected the blockchain web was $2.176 arsenic of property time, per data from ycharts.com. This means the idiosyncratic overpaid much than 480,000 times for the transaction, making the interest the highest ever recorded connected the Bitcoin network.
Jameson Loop, the co-founder of CasaHODL, who analyzed the incident, noted that the abdominous digit mistake mightiness beryllium owed to buggy bundle from an speech oregon outgo processor address.
According to Loop, the code has received and sent much than 60,000 transactions and apt miscalculated the alteration output, causing transaction interest errors.
“The code successful question that made the interest calculation mistake has the characteristics of a withdraw-only blistery wallet from an enterprise. It looks similar it lone receives deposits from 1 code to apical up its equilibrium present and then,” Loop added.
Chun Wang, co-founder of F2Pool, said the 20 BTC fees volition beryllium temporarily held. The idiosyncratic liable for the transaction has a three-day model to assertion these fees. However, if nary 1 comes guardant to assertion them, miners volition redistribute the fees.
This determination aims to code the unclaimed fees reasonably and equitably.
Interestingly, it appears the idiosyncratic has not noticed the mistake, arsenic they are inactive sending transactions from the wallet.
The station Bitcoin user’s costly mistake leads to grounds transaction interest of $510,000 appeared archetypal connected CryptoSlate.
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