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Not PayPal's Fault, But Paxos Fat Fingers Led $510,000 Bitcoin Transaction Fee Mishap Due To Internal Bug
Crypto infrastructure provider Paxos has taken responsibility for a Bitcoin (CRYPTO: BTC) transaction that incurred an exorbitant fee of $510,000. What Happened: The company admitted to overpaying the BTC network fee on September 10, 2023, due to a bug affecting a single transfer. Sentiment Result : Negative
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Crypto infrastructure provider Paxos has taken responsibility for a Bitcoin (CRYPTO: BTC) transaction that incurred an exorbitant fee of $510,000. What Happened: The company admitted to overpaying the BTC network fee on September 10, 2023, due to a bug affecting a single transfer.
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This article is for informational purposes only and does not constitute financial advice.