[SHOCK] A Mysterious $194k Fees On A Single Bitcoin Transactions - page 2.

Findingnemo

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Quote from: Igebotz on February 20, 2021, 09:48:58 AM

Quote from: o_e_l_e_o on December 20, 2020, 07:11:34 AM

Quote from: Charles-Tim on February 20, 2021, 05:12:31 AM

No, the error is from the user, no transaction is untreceable as the bitcoin blockchain is transparent.

Traceable, sure, but it could still be used to launder money. I pay a fee of 3 BTC for a transaction, include the transaction in my own block, then claim the fee as a nice, clean "mining reward".

This is exactly what I'm thinking because when I checked the input address and the output address I can bodly say that it was an act of money laundering, the transaction fee was included in their own block to claim a clean and safe money. The input address is an expert with over 14k transactions so I don't see this as any mistake.

Through his 14k transaction the $2 transaction is the least among all the transactions. I believe he knew what his was doing from the onset.

The 0.0005BTC was the highest the receiver address ever received and few days later the amount was transfer to another large address.

Most wallet started to give warning when the fee we are using is high than our transaction amount and as an electrum user I noticed this but this warning feature available in all the wallets? Like qt and hardware wallet?

Igebotz

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Quote from: o_e_l_e_o on December 20, 2020, 07:11:34 AM

Quote from: Charles-Tim on February 20, 2021, 05:12:31 AM

No, the error is from the user, no transaction is untreceable as the bitcoin blockchain is transparent.

Traceable, sure, but it could still be used to launder money. I pay a fee of 3 BTC for a transaction, include the transaction in my own block, then claim the fee as a nice, clean "mining reward".

This is exactly what I'm thinking because when I checked the input address and the output address I can bodly say that it was an act of money laundering, the transaction fee was included in their own block to claim a clean and safe money. The input address is an expert with over 14k transactions so I don't see this as any mistake.

Through his 14k transaction the $2 transaction is the least among all the transactions. I believe he knew what his was doing from the onset.

The 0.0005BTC was the highest the receiver address ever received and few days later the amount was transfer to another large address.

o_e_l_e_o

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There was a thread about this transaction made at the time, where I discussed what has likely happened here: Think twice before pressing send. It is almost certainly a mistake from someone who really should have been testing whatever they were testing on testnet.

Quote from: o_e_l_e_o on December 20, 2020, 07:11:34 AM

The transaction does not have any change. Just one input of 3.49 BTC and one output of 5000 sats.

Usually this happens when someone tries to create a transaction manually or is programming some new piece of software. They set up a small "test" transaction of a few thousands sats, forgetting that you must specify a destination for the full amount of bitcoin you are spending, and the fee is simply calculated by whatever fraction is left that you have not assigned a destination to. Since they only assigned a destination for 5000 sats, the remaining 3.49 BTC was used as a fee, working out to 1.8 million sats/vbyte.

BTC.com mined the block, so the user in question should contact them, explain the situation, sign a message from the input address, and ask for the majority of the funds to be returned. Other mining pools have done this in the past when such obvious mistakes have been made.

I have seen nothing from BTC.com or crypto news sites in the last few months to suggest that the sender has attempted to recover this fee, however.

Quote from: Charles-Tim on February 20, 2021, 05:12:31 AM

No, the error is from the user, no transaction is untreceable as the bitcoin blockchain is transparent.

Traceable, sure, but it could still be used to launder money. I pay a fee of 3 BTC for a transaction, include the transaction in my own block, then claim the fee as a nice, clean "mining reward".

Charles-Tim

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Quote from: Igebotz on February 20, 2021, 04:50:00 AM

Could this be some kind of money laundering?

No, it is a mistake.

Quote from: Igebotz on February 20, 2021, 04:50:00 AM

Seemed like the miners or whoever behind it knew they were going to mine that particular block and decided to insert such amount of fees to make the transaction untraceable for life?

No, the error is from the user, no transaction is untreceable as the bitcoin blockchain is transparent.

Quote from: Igebotz on February 20, 2021, 04:50:00 AM

Is there a way someone can tell which miner or what address confirmed transactions??

Yes, you can use blockchain explorer to know the block which the transaction is included, and the miner that mined the block.

Quote from: Igebotz on February 20, 2021, 04:50:00 AM

Okay let's act nut for a few seconds and pretended that the fee was inserted by mistake, is there any way to recover it? ( sounds stupid? yeah )

There are few cases in the past while the mining pool that mined such transaction with high fee returned the bitcoin. The miners would have known it is a mistake.

PrimeNumber7

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Most likely, the sender made a mistake in creating their transaction. It is possible the person who sent the transaction was intending on recovering the excess tx fee from btc.com, but IMO this is unlikely because it would rely upon goodwill from whichever pool mined the transaction.

Igebotz

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Is there a way someone can tell which miner or what address confirmed transactions??
Is this some kind of silk road activities?
Okay let's act nut for a few seconds and pretended that the fee was inserted by mistake, is there any way to recover it? ( sounds stupid? yeah )

The sender has made over 14,124 transactions with
over 19k bitcoins been traded.

Transactions harsh

Code:

33291156ab79e9b4a1019b618b0acfa18cbdf8fa6b71c43a9eed62a849b86f9a

Sender address

Code:

1DhKh8DF1MrEaPo9eC67quEQzWQuJGwEbp

Receiver address

Code:

3Ey2X7FVs4r7NrBecuUEtNFC1VMKHL2Re5

Topic: [SHOCK] A Mysterious $194k Fees On A Single Bitcoin Transactions - page 2. (Read 365 times)