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Bitcoin News

AntPool Said To Refund $3 Million Bitcoin Transaction Fee

Bitcoin mining pool said to refund the overpaid BTC fee after the sender confirms ownership.

Written By:
Gopal Solanky

Last updated: February 12, 2024 4:53 AM
Published 2023-11-30
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AntPool Said To Refund $3 Million Bitcoin Transaction Fee

AntPool, the Bitcoin mining pool that mined the BTC transaction with $3 million fee last week, has agreed to refund the fee back to the sender.

The mining pool announced on Thursday that its risk control system froze the $3 million Bitcoin fee right after the transaction was processed on November 23. It has asked the transaction sender to contact them before December 10 and verify ownership to receive the fee back.

$3M Bitcoin Fee Refund Announcement
$3M Bitcoin Fee Refund Announcement – Antpool

AntPool has said to verify address ownership by using Bitcoin wallets such as Electrum or Bitcoin Core to sign a message referring to Antpool. Companies usually do this to find and verify the real owner of a blockchain address without revealing their identity in public.

The transaction was recorded as the most expensive Bitcoin fee paid in USD, which sought to transfer 55.77 BTC while it accidentally paid 83.65 BTC in fee.

It also comes to note that an anonymous user claimed to be the person behind this transaction and said that someone was running a script on the wallet, which caused the huge overpayment.

It was my BTC that paid the high fee.

I created a new cold wallet, transferred 139BTC to it and it got transferred out to another wallet immediately. 😵

I can only imagine that someone was running a script on that wallet and that the script had a weird fee calculation. ☹️

— Hackers_paid_83.5BTC_fee_with_my_money (@83_5BTC) November 24, 2023
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Gopal Solanky, Senior Reporter for Markets and Protocols at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Senior Reporter, Markets & Protocols at The Crypto Times, based in Ahmedabad. He covers institutional crypto adoption, Bitcoin treasury strategies, DeFi markets, protocol ecosystems, Ethereum network activity, Hyperliquid, on-chain trends, and broader digital asset market movements. Gopal has been active in the crypto ecosystem for more than six years. Before joining The Crypto Times full-time in 2023, he worked as a freelance crypto content writer, developing a strong understanding of blockchain infrastructure, DeFi protocols, market cycles, token mechanics, and peer-to-peer systems. His reporting focuses on explaining how protocols work, why market movements happen, and how institutional and on-chain activity affects crypto investors and builders. At The Crypto Times, Gopal regularly writes market analysis, protocol explainers, breaking news, and technical breakdowns across Bitcoin, Ethereum, DeFi, altcoins, treasury companies, and Web3 infrastructure. He also conducts on-the-record interviews with regional Web3 founders, protocol teams, and ecosystem leaders. His work has been cited by external publications, including Vulture.com, in coverage of major crypto stories such as the Hawk Tuah memecoin controversy. His reporting has also contributed to The Crypto Times’ coverage of major industry events, including FTX-related developments, institutional crypto adoption, and emerging protocol narratives. Gopal holds a Bachelor’s degree in Computer Applications, giving him a technical foundation for analyzing blockchain systems, crypto infrastructure, and market data.

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