Due to an error or glitch, one user paid almost $3,000 to send about $800 worth of Bitcoins (BTC). Many transactions of this type were repeated over two days. A developer warned him on social networks.
A Bitcoin developer known as Mononautical warned via Twitter that several transactions of 0.03 BTC and 0.02 BTC with payments of 2,300 sats/vbyte would have been made. This is 23 times what is needed for the operation to enter the next block..
And, as explained in an article by the specialized media Criptonoticias.com, measuring the values in US dollars, this person or company made transfers of between u$s500 and u$s1,000 paying in commissions between u$s2,000 and u$s3,000 for each one of them. Thus, until the night of June 1, 4.3 Bitcoins had already been spent in commissions (around $116,475).
In Mononaut’s tweet, several bitcoiners began expounding their theories about what may be going on. Most likely it is a mistake, they remark.
what may have happened
Possibly, an entity that executes transactions automatically has an incorrect scriptcausing you to send transactions with much higher fees than you should.
Motonaut expressed that “the volume seems that of an exchange or a large custodian, but the activity is strange”. And he added that “the transactions are all interconnected, with lots of autoships through different address formats, and odd amounts of output.”
Regarding what happened, Francis Pouliot, developer of Bull Bitcoin, responded: “I saw this happen 6 or 8 years ago, when someone ran a Bitcoin mixer with faulty code.”
Source: Ambito
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