Paxos mistakenly paid over $500k for one Bitcoin transaction
Blockchain infrastructure platform Paxos is said to be behind what appears to be the largest fee paid for one Bitcoin transaction . Paxos, a New York-based regulated blockchain firm behind stablecoins PYUSD, BUSD and USDP, appears to be the entity that overpaid $500,000+ to move just 0.074 BTC (~$1,911 at that time) to Binance. As crypto.news reported, the transaction — registered on Sept. 10 at 5:04 AM (UTC) — was first spotted by Whale Alert, a service that tracks crypto transaction s. An unidentified entity paid a whopping 19.82 BTC (~$511,512), while Bitcoin’s average transaction fee at that moment was at 0.000084 BTC (~$2), according to IntoTheBlock data. You might also like: Whale mistakenly pays record $500k fee to move $1.9k BTC Later, an X user under the alias mononaut said it was PayPal who paid the fees, which was thought to be a “fat-fingered” mistake at that time. BREAKING The fat fingers belong to PayPal https://t.co/pKN0w5SfKB — m...