Miner returns over $500K in BTC transaction fee overpayment to Paxos By Cointelegraph

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© Reuters.

A (BTC) miner who received 19.8 BTC in fees from blockchain infrastructure firm Paxos has returned the funds after it claimed the company made a mistake in paying over $500,000 in transfer fees.

On Sept. 10, the crypto community was puzzled after seeing a BTC transaction that paid around $500,000 in fees to move around $2,000, with the average network fee around $2. Various speculations were raised, with some believing that the transaction was done by copy-pasting data and accidentally pasting an output into the fee box without double-checking.