Key takeaways:
- The cryptocurrency mining network AntPool said that it would reimburse the 83 Bitcoin transaction cost.
- The impacted user has until 0:00 (UTC+8) on December 10 to provide AntPool with their information.
On November 30, the cryptocurrency mining network AntPool said that it would reimburse the 83 Bitcoin transaction cost.
It said that during transaction packing, its risk control system momentarily stopped charging the fee; as a result, it will reimburse the fee once the impacted user demonstrates their identification.
The impacted user has until 0:00 (UTC+8) on December 10 to provide AntPool with their information. To do this, they must set up Electrum or Bitcoin Core as a signing tool and then use the private key of an AntPool-provided wallet address to sign the message with the code “AntPool.”
On November 23, a transaction fee of 83 BTC, or almost $3.1 million, was assessed to a single Bitcoin user on the platform for a transfer of 139 BTC.
Similar circumstances occurred in September when Paxos, the stablecoin issuer, acknowledged paying a $5,000 Bitcoin transaction fee. The ridiculous cost was applied to the transfer of $2,000 worth of Bitcoin.
Using social media, the Bitcoin miner who had been paid the fee asked followers what they would do in their place. After a vote, the majority decided to split the money across the Bitcoin mining community. The miner eventually gave the money back to Paxos.
On November 28, this week, Bitcoin commemorated the 11th anniversary of its initial halving, which saw its value drop from $12 to its current range, which currently hovers around $37,000.
The bankrupt cryptocurrency loan platform Celsius has started to withhold cash for a select group of clients due to erratic financial conditions and legal issues. Once transaction fees are subtracted, participants who fulfill the requirements can withdraw 72.5% of their cryptocurrency holdings.
