Crypto exchange Bitfinex paid over $23 million gas fee on a single transaction worth $100,000 on the Ethereum blockchain.
According to Etherscan, which provides data on the Ethereum blockchain, Bitfinex had sent 100,000 USDT to DeversiFi’s wallet, a Decentralized Exchange aided by Bitfinex.
The data revealed that Bitfinex had to pay a total of 7,676.6 ETH (valued at $23.6 million) to complete the transaction, making it the most expensive transaction on Ethereum to date.
Diversify wrote on Twitter:
“At 11:10 UTC on the 27th September a deposit transaction was made using a hardware wallet from the main DeversiFi user interface with an erroneously high gas fee.
DeversiFi is currently investigating the cause to determine how this occurred and will keep you updated. No customer funds on DeversiFi are at risk and this is an internal issue for DeversiFi to resolve. Operations are unaffected.”
DeversiFi has now reported that most of its funds have been returned by the miner of the said block. The DEX thanked the miner of block 13307440 who has now returned 7626 ETH that was incorrectly paid by the exchange as gas fee.