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Paxos $500,000 Fee Mistake

Paxos pays 19.8 BTC in fees to send $200 — F2Pool refunds it five days later.

Block
#807,057
Importance
80/100

Crypto infrastructure provider Paxos accidentally paid a 19.82 BTC transaction fee — worth over $500,000 — to move just 0.008 BTC. A bug in Paxos corporate operations caused the error. F2Pool mined block 807,057, collected the fee, then verified and fully refunded Paxos after public debate over whether miners should return mistaken fees.

Tags

#fee#user-error#paxos#f2pool

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