Today, according to public transaction data on Etherscan, someone paid USD (ETH 7) transaction fees for a transfer of nearly USD 100,000 in Tether (USDT) over the Ethereum (ETH) network.
The transfer was made on Monday at 11:10 UTC and was apparently sent from a wallet controlled by Bitfinex to a wallet owned by DeversiFi, a non-custodial exchange spun out by Bitfinex in 2019.
“For transactions like this, fees are shouldered through third-party integrations with Bitfinex. This was also confirmed by DeversiFi in her recent statement. We look forward to DeversiFi’s investigation and having this matter on their side” a Bitfinex spokesperson told *.
DeversiFi confirmed that “a deposit transaction was made with a hardware wallet through the main user interface of DeversiFi with an erroneously high gas fee.“According to the company, they are”investigating the cause to determine how this occurred.”] “While adding that no client funds are at risk.
Measured against transaction data on Etherscan, the USDT transmission was carried out using the new standard EIP-1559, which is intended, among other things, to improve the estimation of transaction fees in the network.
The transaction was made with possibly the largest transaction fee ever paid in crypto. Other incidents in the past include a USD 5.3 M transaction fee paid for Ethereum by the small Korean P2P exchange Good Cycle.