Bitfinex Wallet Spends $23.7M in Gas on USDT Transaction
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Bitfinex Wallet Spends $23.7M in Gas on USDT Transaction

THELOGICALINDIAN - Its the accomplished gas fee Ethereum has recorded for a distinct transaction

On Monday, a wallet endemic by crypto barter Bitfinex paid 7,676.6 ETH for one transaction with DeversiFi.

Record-Breaking Gas Fee  

Bitfinex has burst the almanac for the accomplished gas fee paid on the Ethereum blockchain.

At 11:10 UTC on 27 Sep., Bitfinex spent 7,676.6 ETH for a alteration of $100,000 in USDT to the Layer 2 decentralized barter DeversiFi. At today’s prices, the fee equates to about $23.7 actor at the time.

The transaction aback included a actual aerial miner antecedence fee of 53,243,610.9 gwei. This meant that the transaction fee was 230 times college than the amount of the transaction itself.

DeversiFi said that the “erroneously aerial gas fee” was acquired by an absurdity on its interface.

DeversiFi is a Bitfinex-backed decentralized barter that leverages StarkWare’s Layer 2 technology for clearing affairs faster than on Ethereum mainnet. It’s been accustomed as a adversary to dYdX, the accepted better Layer 2 decentralized barter by trading volume.

Notably, DeversiFi works carefully with Bitfinex. DeversiFi was originally accepted as EthFinex, and Bitfinex is one of its capital backers. Last week, DeversiFi created a arch to the barter to acquiesce “low-cost” transfers of ERC-20 tokens amid the two platforms. Operations for both of the exchanges abide unaffected.

DeversiFi added that it was still investigating the affair to actuate why the gas fee was set so high, and a post-mortem address is accepted after on.

Update: The miner has returned 7385 ETH account $21.5 actor to the Bitfinex wallet.