Ethereum Under Fire After Bitfinex Paid $23 Million In Transaction Fees To Deposit $100,000 On The Blockchain. Key takeaways.
30 Sep 2021, 08:00
Ethereum Under Fire After Bitfinex Paid $23 Million In Transaction Fees To Deposit $100,000 On The Blockchain
Key takeaways
Ethereum receives a lot of backlash from market participants after outrageous fee charge.The situation is being labeled as an anomaly by insiders.Cryptocurrency figures speculates possible cause. Data from Etherscan revealed that a recent transaction carried out by Bitfinex cost the exchange $23.7 million in fees. The wallet which belonged to Bitfinex carried out a $100,000 transaction for DeversiFi, a non-custodial exchange. And as the data showed, the wallet seems to be the only one paying that much in fee charges. As expected, crypto players and Ethereum critics did not take the news well.
An insider source, Konrad Strachan from DeversiFi broke down the transaction process and revealed the Gas Fee has been returned to Bitfinex’s Wallet.