Altcoin News: User Paid 200 LTC Fee for a Transaction in the Amount of 8.88 LTC

May 27, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

According to the Blockchair website, someone transferred a transaction in the amount of 8.88 LTC ($778.77 at the time) in the Litecoin network and paid a fee of 200 LTC (more than $17500 at the time).

Thus, the size of the commission exceeded the amount sent by 22 times. The transaction was added to the block, mined by the Chinese mining pool LTC.TOP.

Image credit: Blockchair

Analysis of the sender’s data showed that the wallet owner is a rather active user of cryptocurrency and has sent over 2500 transactions since the middle of 2018, but made a kind of mistake for the first time.

A similar situation occurred in February on the network of Ethereum. Then the user sent several transactions totaling 0.15 ETH and paid 3150 ETH (about $450,000) as commissions. The scale of the incident caused a great resonance in the cryptocurrency community, as a result of which the Sparkpool mining pool added a transaction with a commission of 2100 ETH to the blockchain, found the hapless sender and after the conversation, by mutual agreement, returned half the amount, or 1050 ETH.

Author: Marko Vidrih