Bitcoin Miner AntPool Will Refund Report $3M Bitcoin Transaction Payment Made by Mistake

AntPool, a Bitcoin mining pool, has agreed to refund the file excessive $3 million transaction payment it mined final week, however solely after verifying the proprietor’s identification.

The transaction that occurred final week set a brand new file for the biggest payment in U.S. {dollars} for a single Bitcoin transaction. The person supposed to switch 55.77 BTC ($2.1 million) however mistakenly paid a payment of 83.65 BTC ($3.1 million). AntPool mined the transaction in block 818,087 however had not commented publicly till now.

A person named “83_5BTC” claimed to be the sufferer of the $3 million payment, stating that their pockets was hacked. After creating a brand new chilly pockets and transferring 139 BTC to it, the funds had been instantly transferred out. Whereas the person supplied a signed message to show possession, it’s not sure whether or not the attacker signed it utilizing the compromised pockets.

In keeping with Mononaut, a pseudonymous developer, the possible explanation for the hack was the usage of a low-entropy pockets susceptible to assaults. It’s believed that replace-by-fee (RBF) was utilized to shortly enhance the transaction payment for quicker processing. Mononaut speculated that a number of attackers may have competed to steal the funds, ensuing within the excessive payment.

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