Bitfinex Pays $23 Million ETH Fee on $100,000 USDt Transfer
One of the biggest crypto exchange, Bitfinex, has paid 7,676 eth, worth $23.5 million, to transfer $100,000 USDt from Bitfinex’s account to DeversiFi, a dapp by Bitfinex.
Some noob intern however has clearly made a mistake somewhere and maybe has put the gwei amount same as the gas limit, so 160,000 gwei, or about 10,000x more than the usual base fee.
So their mistake is everyone’s gain with eth currently at least $23.5 million more valuable because the Bitfinex noob has just burned that much of the supply.
Update: “DeversiFi is currently investigating the cause to determine how this occurred and will keep you updated. No customer funds on DeversiFi are at risk and this is an internal issue for DeversiFi to resolve. Operations are unaffected.”
“So their mistake is everyone’s gain with eth currently at least $23.5 million more valuable because the Bitfinex noob has just burned that much of the supply.” No, no It was not burned. Only a very small fraction were burned. Nearly all went to the miner. So their mistake, is someone’s gain.
