An unknown address sent 0.55 ETH to another address with 10,688 ETH fees – around $2.6 million
As AZCoin News reported, transaction fees on the Bitcoin and Ethereum network are increasing day by day. However, it is important that we did not expect the transaction fees on Ethereum to rise so high, up to $ 2.6 million just to send $ 130 of ETH.
Source: Etherscan
An unknown address sent 0.55 ETH to another address with $ 2.6 million in transaction fees
An unfortunate event today for an Ethereum user that wanted to transfer around $133 worth of Ethereum to another address. The transaction was completed three hours ago on June 10 with a transaction fee of 10,668.73 ETH.
It’s unclear whether the user wanted to use the $ 133 as transaction fees to speed up its transaction and by error used the transaction amount as the fee. The total value of the fees paid is equal to $2,634,236 at current prices.
It seems that the recipient address is the cryptocurrency exchange Bithumb. This transaction is confirmed by SparkPool, one of the largest Ethereum mining groups in the current operation.
We are further investigating the incident of unusually high tx fee, and you are welcome to provide clues to [email protected]. SparkPool has had the experience of handling similar issues properly. There will be a solution in the end. https://t.co/mZc49Q0Y4r
— SparkPool.eth (@sparkpool_eth) June 10, 2020
There is very little information about who sent the transaction, paying such a large fee. It seems that Ethereum users do not really fully control their transaction fees. They can choose the amount they want to pay for a quickly confirmed transaction. The more they pay, the faster their transactions will be processed. But there is no reason to pay anything more than a few dollars.
You can also check Ethereum Price here.
Read more:
- Ethereum Wallets With At Least 32 ETH, The Amount Required For ETH 2.0 Staking, Have Grown By 13% This Year
- Ethereum Price Has Been Closely Tracking BTC Over The Past Several Weeks, Caused It To See Some Intense Instability