$100,000 in fees went down the drain! A series of moves by BTC users—transfer failed, but it fed the miners
On the Bitcoin network, an “epic-level tuition fee” moment unfolded.
According to on-chain data, a user—due to a faulty automation script for RBF (Replace-By-Fee) automatic fee-increasing—ended up paying 1.60 BTC as fees in a single transaction, worth about $102,800, but ultimately no Bitcoin was actually transferred out.
The transaction was recorded in Bitcoin block 962142. The user originally had only one input amount; however, because the automated script continuously raised the fee every second and no maximum limit was set, the fee gradually consumed all the funds.
In the end, all 1.60 BTC were converted entirely into miner fees, and the transaction output amount dropped to zero.
Even more outrageous, this transaction accounted for about 88% of the total fees (1.82 BTC) in that block—almost one person effectively supported the block’s entire fee revenue.
This once again serves as a reminder: automation trading tools may be convenient, but parameter settings must be handled with care. Code won’t feel sorry for your assets—one small vulnerability could become a $100,000 lesson.
On the Bitcoin network, an “epic-level tuition fee” moment unfolded.
According to on-chain data, a user—due to a faulty automation script for RBF (Replace-By-Fee) automatic fee-increasing—ended up paying 1.60 BTC as fees in a single transaction, worth about $102,800, but ultimately no Bitcoin was actually transferred out.
The transaction was recorded in Bitcoin block 962142. The user originally had only one input amount; however, because the automated script continuously raised the fee every second and no maximum limit was set, the fee gradually consumed all the funds.
In the end, all 1.60 BTC were converted entirely into miner fees, and the transaction output amount dropped to zero.
Even more outrageous, this transaction accounted for about 88% of the total fees (1.82 BTC) in that block—almost one person effectively supported the block’s entire fee revenue.
This once again serves as a reminder: automation trading tools may be convenient, but parameter settings must be handled with care. Code won’t feel sorry for your assets—one small vulnerability could become a $100,000 lesson.