Cryptocurrency mining platform AntPool announced in an update on November 30 that it would refund transaction fees of 83 Bitcoin (BTC).
The risk management system said it had temporarily frozen fees when packaging transactions and would therefore refund affected users their fees once their identities were verified.
Affected users must prepare their signature tool (Electrum or Bitcoin Core) by 00:00 (UTC+8) on December 10 and submit their details to AntPool using the private key of the wallet address provided by AntPool. Send a message with the code “AntPool”.
On November 23, one Bitcoin user on the platform was charged a transaction fee of 83 Bitcoin (BTC), which was equivalent to approximately $3.1 million for transferring 139 Bitcoin (BTC) at the time.
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A similar situation occurred last September when stablecoin issuer Paxos confirmed that it had paid $500,000 worth of Bitcoin (BTC) transaction fees. I was charged an outrageous fee to move $2,000 worth of (BTC).
Bitcoin miners who received fees took to social media to petition their followers on what they would do instead, and the majority voted to distribute the funds to the Bitcoin miner community. Eventually, the miners returned their funds to Paxos.
This week, on November 28, Bitcoin (BTC) celebrated the 11th anniversary of its first halving, taking it from $12 to its current range of $37,000.
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