AntPool offers to refund affected user the 83-BTC transaction fee

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The crypto mining platform AntPool says it will refund the unprecedented transaction fee of 83 BTC to the affected user, provided they produce the necessary identification information.

The cryptocurrency mining platform AntPool released an update on Nov. 30, saying it will refund the transaction fee of 83 Bitcoin (BTC).

It said its risk control system temporarily froze the fee when packaging the transaction, and therefore, after the affected user verifies their identity, it will refund the fee.

The affected user has until 00:00 (UTC+8) on Dec.

On Nov. 23, one Bitcoin user on the platform was charged a transaction fee of 83 BTC, which at the time equaled roughly $3.1 million, for a transfer of 139 BTC.

Related: Bitcoin ETF race gets 13th entrant, BlackRock revises ETF model

A similar situation took place in September when the stablecoin issuer Paxos confirmed it paid a Bitcoin transaction fee with a value of $500,000.

The Bitcoin miner who received the fee took to social media and petitioned followers what they would do in their place, with the majority voting to distribute the funds among the Bitcoin miner community. Ultimately, the miner returned the funds to Paxos.

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