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+--- Thread: $23.7 million in fees to make a single Ethereum transaction (/showthread.php?tid=6174283)
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$23.7 million in fees to make a single Ethereum transaction - Aishun - Sep 27, 2021
"Bitfinex just spent $23.7 million in fees to make a single Ethereum transaction"
https://www.theblockcrypto.com/post/118753/bitfinex-just-spent-23-7-million-in-fees-to-make-one-ethereum-transaction
Found this really interesting if anyone wants to read it.
Quote:Quick Take
Crypto exchange Bitfinex just moved $100,000 of tether (USDT).
Only the exchange appears to have paid a rather enormous fee.
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Crypto exchange Bitfinex just paid $23.7 million in transaction fees to send $100,000 of tether (USDT) in what was presumably a bit of a slip up.
The exchange made the transaction around two hours ago, according to block explorer Etherscan. The transaction was sent from one of Bitfinex’s main wallets and the money ended up at one of Deversifi’s wallets — a non-custodial exchange that was spun out of Bitfinex in 2019.
"At 11:10 UTC on the 27th September a deposit transaction was made using a hardware wallet from the main DeversiFi user interface with an erroneously high gas fee," said a spokesperson for DeversiFi.
"DeversiFi is currently investigating the cause to determine how this occurred and will keep you updated. No customer funds on DeversiFi are at risk and this is an internal issue for DeversiFi to res
olve. Operations are unaffected," they added.
The transaction was a smart contract interaction with the amount of tether sent to one wallet before being passed along to Deversifi’s wallet. It used the newly implemented EIP-1559 type of transaction, which was designed to make Ethereum fees easier to predict.
The transaction was included in a block that was mined by an unknown Ethereum miner, who ranks in the top ten miners by blocks mined over the last seven days.
This may be the largest Ethereum transaction fee ever paid in dollar terms. Previous notable occasions include two transactions that were made in June 2020 that added up to $5.2 million in fees.
RE: $23.7 million in fees to make a single Ethereum transaction - th3c0rrupt3d0n3 - Sep 27, 2021
damn they got rekt hard. Fortunately for Finex it seems the address has interacted with Binance before which would deanonymize them instantly. No way for them to run away with it.
RE: $23.7 million in fees to make a single Ethereum transaction - Blue Eye Samurai - Sep 27, 2021
Holy cow that's a insane amount. How did this even happend in the first place.
RE: $23.7 million in fees to make a single Ethereum transaction - Cyam - Sep 27, 2021
And I'm pissed off when I have to pay $5 in fees
RE: $23.7 million in fees to make a single Ethereum transaction - dt21mlg - Sep 27, 2021
Truebit is the solution to avoid such problems.
RE: $23.7 million in fees to make a single Ethereum transaction - Doctor. - Sep 27, 2021
WTFFF SO dumb and retarded man
INSANE
RE: $23.7 million in fees to make a single Ethereum transaction - shreder - Sep 27, 2021
"Slip up" haha yeah ok this was a "slip up"
RE: $23.7 million in fees to make a single Ethereum transaction - SIM-1866423 - Sep 27, 2021
If you guys thinking this is a mistake and these people stupid please think twice at this point money is not mean to them but you.
RE: $23.7 million in fees to make a single Ethereum transaction - Ninja™ - Sep 27, 2021
(Sep 27, 2021 01:45 PM)SIM-1866423 Wrote: If you guys thinking this is a mistake and these people stupid please think twice at this point money is not mean to them but you.
Please explain.
Also for anyone looking for tx on etherscan, here is the link:
https://etherscan.io/tx/0x2c9931793876db33b1a9aad123ad4921dfb9cd5e59dbb78ce78f277759587115
How is this possible? can anyone explain?
RE: $23.7 million in fees to make a single Ethereum transaction - SIM-1866423 - Sep 27, 2021
(Sep 27, 2021 01:58 PM)Ninja™ Wrote: Please explain.
Also for anyone looking for tx on etherscan, here is the link:
https://etherscan.io/tx/0x2c9931793876db33b1a9aad123ad4921dfb9cd5e59dbb78ce78f277759587115
How is this possible? can anyone explain?
Miner sent 7,385 Ether back.I have no idea why but personally i don't think this is some kinda stupid mistake or something like that .. maybe it is, who knows ?
RE: $23.7 million in fees to make a single Ethereum transaction - Ninja™ - Sep 27, 2021
(Sep 27, 2021 03:08 PM)SIM-1866423 Wrote: Miner sent 7,385 Ether back.I have no idea why but personally i don't think this is some kinda stupid mistake or something like that .. maybe it is, who knows ?
How can I see this for myself?
RE: $23.7 million in fees to make a single Ethereum transaction - SIM-1866423 - Sep 27, 2021
(Sep 27, 2021 03:20 PM)Ninja™ Wrote: How can I see this for myself?
https://etherscan.io/tx/0x85294effd53126b3bfa9e7f655267e00ac1ae2ef76f4569644670bf5403637d6
RE: $23.7 million in fees to make a single Ethereum transaction - darkair - Sep 27, 2021
very good PR stunt (if it was one) but other than that i don't think it's money laundering tho, that theory is kinda stupid
RE: $23.7 million in fees to make a single Ethereum transaction - Mark Ronson - Sep 27, 2021
Money have been returned by the way
RE: $23.7 million in fees to make a single Ethereum transaction - Tommie R - Sep 28, 2021
(Sep 27, 2021 06:26 PM)darkair Wrote: very good PR stunt (if it was one) but other than that i don't think it's money laundering tho, that theory is kinda stupid
How's this a good PR stunt? "Hey customers, your exchange is so stupid that they sent $27.3M of your money to a miner"