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 <p class="is-style-lead">Prominent Bitcoin mining pool AntPool has committed to <a rel="noopener noreferrer nofollow" title="refund" href="https://thebittimes.com/tag/refund.html">refund</a>ing a record $3 million transaction fee, contingent on verification of the original owner’s <a rel="noopener noreferrer nofollow" title="identity" href="https://thebittimes.com/tag/identity.html">identity</a>.</p>
 <p>AntPool, a major player in Bitcoin mining, plans to return a massive $3 million transaction fee, but only if the real owner can prove their <a rel="noopener noreferrer nofollow" title="identity" href="https://thebittimes.com/tag/identity.html">identity</a>. This situation involves a huge fee of 83.65 BTC (about $3.1 million) just to move 55.77 BTC (close to $2.1 million).</p>
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    <p lang="en" dir="ltr">JUST IN: ANTPOOL announces steps for the user to verify personal <a rel="noopener noreferrer nofollow" title="identity" href="https://thebittimes.com/tag/identity.html">identity</a> for an 83 #BTC fee <a rel="noopener noreferrer nofollow" title="refund" href="https://thebittimes.com/tag/refund.html">refund</a> https://t.co/Bb0FTguPVQ pic.twitter.com/3Zo97OHQnY</p>— Simply Bitcoin (@SimplyBitcoinTV) November 30, 2023
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 <p>The transaction happened on Nov. 23rd, with a fee much larger than normal, over 120,000 times what it should have been. The transaction didn’t just break records for the cost of a Bitcoin transaction, but also showed how circumstances can quickly turn with digital currency.</p>
 <p>AntPool put a hold on the fee and is now asking the person who sent the transaction to prove who they are with a special tool and a private key.</p>
 <p>This event is similar to when Paxos, a company that works with crypto, accidentally paid $500,000 in excess due to an error. F2Pool, the mining group involved, eventually returned the funds.</p>
 <p>Bitcoin user, “83_5BTC”, claims they were hacked, leading to the enormous fee. The anonymous user believes the wallet was broken into, and the high fee resulted from a script that altered the fee amount. Mononaut, a developer for the Bitcoin tracker Mempool, verified the claim and reported it appeared legitimate, but doubts remain as to whether a hack took place.</p>
 <p>Mononaut theorizes the problem may stem from utilizing a weak, easy-to-guess type of wallet. The transaction was also made faster using a special Bitcoin (BTC) feature, which could mean several hackers were trying to steal the money, pushing the fee up as they attempted to extract the funds before another cybercriminal could finalize the transaction.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin transaction fees rise roughly 300% as NFTs take up more block space
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/antpool-to-refund-user-with-3m-in-gas-fee-if-identity-can-be-verified-tbt72246.html">https://thebittimes.com/antpool-to-refund-user-with-3m-in-gas-fee-if-identity-can-be-verified-tbt72246.html</a></p>

AntPool to refund user with $3m in gas fee if identity can be verified

TheBitTimes

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