Bitcoin User Pays $105K Fee on $10 Kraken Transfer

A mistaken transaction fee delivered nearly 1 BTC to MARA Pool in one of the year’s most notable blockchain mishaps.

BTC

Summary

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Terms & Concepts
  • Transaction fee: The amount paid to miners to process and validate a blockchain transaction.
  • MARA Pool: A Bitcoin mining pool operated by Marathon Digital Holdings that aggregates miner resources to increase block rewards.
  • Kraken: A major global cryptocurrency exchange offering trading and related services.