{"id":84478,"date":"2023-09-14T10:11:03","date_gmt":"2023-09-14T07:11:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=84478"},"modified":"2025-09-12T17:35:47","modified_gmt":"2025-09-12T14:35:47","slug":"media-identify-paxos-as-the-sender-of-a-bitcoin-transaction-with-a-510000-fee","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-identify-paxos-as-the-sender-of-a-bitcoin-transaction-with-a-510000-fee\/","title":{"rendered":"Media identify Paxos as the sender of a Bitcoin transaction with a $510,000 fee"},"content":{"rendered":"<p>The sender of the Bitcoin transaction with an enormous fee of $510,000 turned out to be the infrastructure blockchain company Paxos. The Block reports.<\/p>\n<p>A company spokesperson confirmed the overpayment, attributing it to a one-off error.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;This affected only Paxos&#8217;s corporate activities. Clients and end users of Paxos were not harmed, and all client funds are safe,&#8221; he added.<\/p>\n<\/blockquote>\n<p>The crypto-services provider has already contacted the mining pool F2Pool, which processed the transaction, to return the funds.<\/p>\n<div class=\\\"wp-block-text-wrappers-update-2 article_update\\\"><time class=\\\"gtb_text-wrappers_update_time\\\">15 September 2023 | 11:53<\/time><span class=\\\"gtb_text-wrappers_update_head\\\">Update: <\/span><\/p>\n<p>After the necessary checks, F2Pool said they have returned 19.82 BTC to Paxos.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We would like to provide an update regarding the recent mistakenly overpaid ~20 BTC transaction fee we received. After conducting identity verification, we have confirmed the ownership of these BTC, and fully refunded the fee to the sender, <a href=\\\"https:\/\/twitter.com\/Paxos?ref_src=twsrc%5Etfw\\\">@Paxos<\/a>.<\/p>\n<p>TXID: <a href=\\\"https:\/\/t.co\/O9HOktlsPU\\\">https:\/\/t.co\/O9HOktlsPU<\/a><\/p>\n<p>\u2014 f2pool ? (@f2pool_official) <a href=\\\"https:\/\/twitter.com\/f2pool_official\/status\/1702600488963940669?ref_src=twsrc%5Etfw\\\">September 15, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n<\/div>\n<p>Earlier on September 10, Paxos <a href=\"https:\/\/forklog.com\/en\/news\/unknown-user-paid-510000-in-fees-to-transfer-0-074-btc\">paid<\/a> 1,982,108,632 satoshis ($510,750) as a miner&#8217;s fee for transferring 0.074 BTC (~$1,800). It was the largest dollar-denominated payment for confirming a transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sender of the Bitcoin transaction with an enormous fee of $510,000 turned out to be the infrastructure blockchain company Paxos.<\/p>\n","protected":false},"author":1,"featured_media":84479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1178,1227,1504],"class_list":["post-84478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockchain-fees","tag-cryptocurrency-transactions","tag-paxos"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=84478"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84478\/revisions"}],"predecessor-version":[{"id":84480,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/84478\/revisions\/84480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/84479"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=84478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=84478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=84478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}