AntPool, the biggest Bitcoin mining pool, has agreed to refund a record-breaking $3 million transaction fee that was paid last week. The user had submitted 83 BTC as a gas fee, and AntPool's risk control system temporarily froze the fee when packaging the transaction. The mining pool has requested the original owner of the funds to verify their personal identity and prepare a signing tool, such as ELECTRUM or Bitcoin Core, using the private key of the address that sent the transaction to sign the message "AntPool." The user has until December 10, 2023, to complete the verification and claim the refund. This decision by AntPool demonstrates responsibility in the crypto space and helps bolster user trust.
The recent incident involved a Bitcoin user who claims to have been a victim of a hack. Allegedely, the hacker paid a record-breaking transaction fee of 83.6 BTC (equivalent to $3.1 million) for a transfer of 55.77 BTC (approximately $2.1 million) and the goal of this high fee was to speed-up the trnsaction. The transaction was processed, and the exorbitant fee was confirmed in Block 88087, which was mined by AntPool, but their network flagged it as a high-alert.
AntPool has agreed to refund the extraordinary fee, and the user has been given until December 10, 2023, to claim the refund. To initiate the refund process, the individual needs to verify their personal identity and prepare a signing tool, such as Electrum or Bitcoin Core, to sign the message "AntPool" using the private key of the address that sent the transaction. The signed text should then be sent to AntPool's support email address.
While Bitcoin transactions allow users to choose the fee amount to incentivize miners to prioritize their transactions, the average fee for a Bitcoin transaction is currently much lower, at approximately $7.50 and below.
Curiously, this is not the first time we hear about extortionately high fees. The previous record-high fee was just a few months ago, when a user paid 19.8 BTC fee by mistake (approx. $500,000 at the time) and that was refunded by F2pool, who mined the block with that transaction.
MUST-HAVEs:
??The bi-weekly Crypto Corner Newsletterbrings you the latest news and market analysis straight in your inbox.
Best privacy browserBrave Browser - earn crypto and browse the web faster and safer with the top (better than Chrome).
Web3 Domains no yearly fees, censorship-free, your own domain (and many more).
TOP CRYPTO SERVICEShttps://ojjordan.com/resources
Find me on:
My Official Websitehttp://ojjordan.com
?? DISCLAIMER ??
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this article reflect solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
This information is what was found publicly on the internet. This information could have been doctored or misrepresented by the internet. All information is meant for public awareness and contains what is already in the public domain. Please take this information and do your own research.
