Due to an extraordinary error in the crypto world, a user accidentally paid a transaction fee of $512,000 for a Bitcoin transfer worth only $200. According to The Block’s report, this incident set a record for the highest transaction fee ever paid for a single Bitcoin transaction.
Reached Such a High Level by Mistake
Casa CTO Jameson Lopp commented on the incident, stating that the transaction fee reached such a high level by mistake and that it could have been triggered by faulty software or a payment processor.
If the User Doesn’t Request, 20 Bitcoins Will Be Distributed to Miners
The payment was sent to F2Pool, the Bitcoin mining pool processing the transaction. F2Pool’s co-founder and manager, Chun Wang, explained that the user’s 20 Bitcoins would be held for a three-day period, and if the user does not request them during this time, they will be distributed to Bitcoin miners.
User Has 3 Days
The user has a three-day window to reclaim the $512,000 transaction fee. If they do not make a request during this period, the Bitcoins will be distributed among the miners.