Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake According to an X post, a cryptocurrency mining pool,
F2Pool, has returned the mistakenly transferred transaction fee of 19.8 BTC made by Paxos, a Financial infrastructure firm. It started on September 10,
when a transaction fee of $510,000 was paid to a miner on block 807,057 for a transaction worth $2,000.
This caused debate among the crypto community
as a regular estimated fee of $2 was meant to be charged on such transactions. Initially, the crypto community suspected it
was a well-experienced Bitcoin user, given a history of sending and receiving
more than 120,000 transactions.
Although, F2Pool co-founder Chun Wang said that
users could claim overpaid fees within three days, or they would be redistributed to miners.
On September 13, as people contemplated the likelihood of what happened,
Paxos took responsibility for the error after claiming that their server made the transaction.
The firm also assures
its users that their funds are safe and that only the company's funds were affected by the mistake. A
Paxos spokesperson confirmed that they were
behind the fee blunder.
"Paxos overpaid the BTC network fee on September 10, 2023," the spokesperson said while adding:
"This was due to a bug on a single transfer, and it has been fixed. Paxos is in contact with the miner to recoup the funds."
