Bitcoin (BTC) User Paid Eye-Watering $100,254 for Single Transaction By U.Today
From Investing.com: 2024-05-04 13:30:20
A Bitcoin transaction with a fee of 1.5 BTC, equivalent to $100,254, has raised eyebrows due to its high cost. Previous instances include a 19 BTC fee in 2023 and a 4 BTC fee in January. The recent high fee could be due to network congestion, a mistake, misconfiguration, or even money laundering.
Potential reasons behind the exorbitant transaction fee include network congestion, software errors, or possibly illicit activities. This $100,254 fee far exceeds the average transaction cost and raises questions about the user’s intentions or potential involvement in money laundering. Such high fees have been recorded in previous transactions, suggesting a possible trend or pattern.
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