Bitcoin Fee Blunder: Paxos


Bitcoin Fee Blunder: Paxos

Paxos, a US-regulated company that sells and services various crypto-related services, is the company responsible for overpaying a transaction fee of around $500,000.

The fee was sent from what many at the time believed to be an experienced Bitcoin user.

Now it has been revealed that the sender has been identified as Paxos .

Paxos confirms blunder A statement given to crypto news outlet The Block confirms that they were behind the fee blunder.

It appears they have indeed been in touch with Chun Wang, co-founder of F2Pool, the mining pool that mined the block containing the transaction.

But despite first promising to keep the fee on hold for three days in case anyone would claim it, Wang on Wednesday said he was annoyed and regretted agreeing to refund that 20 BTC.

According to Wang, there was a disagreement with Paxos over the timezone used when counting the days.

Forum members of the Bitcoin community on X offer different suggestions on how to

#shorts #techshorts #technews #tech #technology #Paxos #Chun Wang #recent Bitcoin transaction

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