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Bitfinex just spent $23.7 million in fees to make a single Ethereum transaction

From theblockcrypto.com

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. 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, ... (full story)

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  • Category: Low Impact Breaking News