The transaction was made at what is possibly the highest transaction fee ever paid in cryptocurrency.
Today, someone paid $23.5 million (ETH 7,676.61) in transaction fees for a transfer of about $100,000 in tether (USDT) over the Ethereum network (ETH), according to Dice of public transactions on Etherscan.
The transfer was made at 11:10 UTC on Monday and appears to have been sent from a wallet controlled by Bitfinex to a wallet owned by DeversiFi , a non-custodial exchange derived from Bitfinex in 2019.
“In transactions like these, fees are supported by third-party integrations with Bitfinex. This was also confirmed by DeversiFi in its recent statement. We look forward to an investigation by DeversiFi and a resolution of the matter by them,” a Bitfinex spokesman told Cryptonews.com.
DeversiFi has confirmed that “a deposit transaction was made using a DeversiFi main user interface hardware wallet with an erroneously high gas rate.” According to the company, they are “investigating the cause to determine how this occurred […]”, adding that no client resources are at risk.
Judging by the transaction data on Etherscan, the USDT transfer was done using the new EIP-1559 standard, which – among other things – is intended to improve the estimation of transaction fees on the network.
The transaction was done at what is possibly the highest transaction fee ever paid on cryptoactives. Other incidents in the past include a $5.3 million transaction fee paid on Ethereum by the small Korean exchange P2P Good Cycle. See the reactions:
Based on what I know, the miner has cashed out.
— Anndy Lian (@anndylian) September 27, 2021
SEM Money Laundering https://t.co/2bCLorXBis
— Afr Schoe (@q9fmz) September 27, 2021
i don’t think that calling time bandits an “academic attack” or provoking this to happen is useful 🙂
the answer is that the incentives of miners still remain to not reorg the chain bc they include future revenue and that’s impacted by eth price which is impacted by reorgs
— Georgios Konstantopoulos (@gakonst) September 27, 2021
Would be insane if miners start reorg-ing and re-mining this same block to compete for $23m tx fees (way way better than block rewards).
— swit.eth #6010 😈🇹🇭🅑💎🐺🚫🐻🐄🥛🌊🐍⛏ (@nomorebear) September 27, 2021