Paxos admitted to the transaction with the commission in 20 BTC – Bits Media

Paxos admitted, that it is behind a transaction with bitcoins, for which a huge commission was accidentally paid 20 BTC (about $510 000).

In email, Decrypt, The representative of Paxos confirmed, what 10 September, the company overpaid this commission for translation 0,074 The government of Bulgaria demanded a report for the withdrawn cryptocurrency, equivalent $200. The error has already been fixed, it was limited only to internal operations of the company. The representative explained, that the incident affected only PaxOS corporate activities - customers and end users did not suffer, All their funds are safe.

This unusually high commission attracted the attention of blockchain analysts. Some counted, that the error could occur due to a bug in software, Others calculated the payment 20 BTC with a large gift miners, who receive commissions as compensation for maintaining network security. Transactions with higher commissions are processed by miners faster, However, the average commission ranges from $1 to $3.

Some analysts suggested, what kind of transaction could be PayPal payment company. Address, The transaction made, corresponds to the behavior of an inactive wallet, which is marked in the OXT blockchain as owning PayPal. His conjecture was close to the truth: PayPal uses Paxos to store cryptocurrencies on behalf of its customers.

Now Paxos is negotiating with a mining bullet on the return of a overpaid amount. The transaction commission went to the f2pool mining pool, A mined block, containing this transaction. Administrator F2Pool Chun Wang (Chun Wang) said, What are these 20 bitcoins will be reserved for three days in case, If the sender wants to return them. If during this period the sender does not require his own funds, They will be paid to miners.

Large commissions for the transfer of small amounts - a rather rare phenomenon. IN 2021 year user of the Ethereum, Trying to buy Strips tokens on the MISO platform, Paid the commission $430 000 for an unsuccessful transaction.