In an unprecedented event, a Bitcoin (CRYPTO: BTC) sender has reportedly paid a staggering $3 million in transaction fees.
What Happened: Decrypt reported that as per the blockchain data gathered by mempool.space, the sender, whose identity remains unknown, intended to transfer 139.42 BTC, approximately worth $5.1 million. However, 83.64 BTC was deducted as transaction fees, leaving the recipient with just 55.77 BTC, valued at around $2 million.
The size of this transaction fee suggests it may have been an error. Bitcoin transactions can be costly, especially during busy periods on the network, but the fees are not expected to surpass the amount being transferred.
Blockchain data reveals that AntPool, a leading Bitcoin miner, processed this transaction in block 818087. The …
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