Unnamed Bitcoin Sender Pays Fees Exceeding Actual Amount Of BTC Sent (Homer Simpson DOH!)

Unnamed User Pays Fees That Exceed Amount Of Crypto Sent!

Ethereum World News’ Jose Antonio Lanz recently elaborated on the news that has shaken the crypto community. As per the claims made, on Monday, March 11, an unnamed user sent 0.0002 BTC only to find out that the fees attached amounted to nearly 1.99 BTC.

After further analysis, it was found that the wallet address had two activities take place – which was as expected, that is, a deposit and a “spent” reports Lanz. So, what might have happened? Was it intentional or a mere error? With the confusion remaining the same, Lanz and his team were able to get the details of the wallet, which has been noted as: 1G47mSr3oANXMafVr8UC4pzV7FEAzo3r9.

They said wallet supposedly carries a balance of nearly $2.7M, with nearly 17% of the funds being moved. Some of the conclusions that the crypto community seem to be convinced by are either some coding error or possible “money laundering” taking place through secretive mining.

This just goes to show how careful investors need to be, as missing out on such details can result in losing one’s holdings. While it still remains unclear as to what happened, one can make the assumption that it was an error.

What other possible reasons can you think of that might explain fees that exceed the amount of BTC moved? Share your thoughts in the comments below.


Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide