The owner of the wallet, who paid a transaction fee of 19.89 BTC ($500 thousand) to send only 0.0008 BTC ($200), was identified.
Crypto services provider Paxos has been identified as the organization that broke the record for paying the highest single transaction fee. Paxos paid a total commission fee of 19.89 BTC ($500,000) to transfer 0.0008 BTC ($200) due to an error described as “fat fingers”.
Everyone was waiting for this answer with curiosity.
This situation, which has occupied the cryptocurrency market for several days, aroused curiosity not only among investors but also globally. The $500,000 transaction fee paid just to transfer $200 has been the subject of hundreds of content. This situation, which has finally become clear, has been among the topics that have left their mark in recent times.
Bitcoin Magazine attributed the transaction to payments giant PayPal but later attributed the error to infrastructure partner Paxos. A Paxos spokesperson said: “Paxos overpaid the BTC network fee on September 10, 2023. This situation only affected Paxos’ corporate operations. Paxos customers and end users are unaffected and all customer funds are safe.” said. “This was caused by an error in a single transfer and has been corrected,” the spokesperson said. he continued. Additionally, “Paxos is in contact with the miner to recoup the funds.”
60207
