Panicked Bitcoiner mistakenly pays almost $60K BTC in fees
A Bitcoin user accidentally paid 0.75 BTC in transaction fees after a panic-induced replace-by-fee error, highlighting the risks of manual transaction settings in crypto wallets.
Update 1:17 pm UTC: This article has been updated with the corrected US dollar figure that the user paid at the time.
One presumably panicked Bitcoin user paid almost 0.75 BTC (worth around $60,000 at the time) in a replace-by-fee (RBF) transaction fee.
The transaction in question was sent about 30 minutes after midnight UTC on April 8. It was the second attempt at performing an RBF that changed the transaction’s target address, sending 0.48 Bitcoin ($37,770) with 0.2 BTC of change ($16,357).
