$500,000 Bitcoin Fee Blunder: Paxos Revealed as Responsible Party

The US-based crypto service provider Paxos has been revealed as the party responsible for massively overpaying fees on a recent Bitcoin transaction.
The transaction, made on September 10 at 5.10 PM UTC, was for a payment of only $200 worth of BTC, but amazingly came with a transaction fee of around $500,000, setting a new record in Bitcoin transaction fees….
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