Cryptocurrencies
Crypto Exchange Pays $24 Million in Transaction Fees for $100,000
- Bitfinex appears to have made a ‘fat-finger’ crypto trade
- The two exchanges in Tether transaction are closely linked
Bitfinex
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Bitfinex, one of the crypto world’s most controversial exchanges, paid $23.7 million in transaction fees to deposit $100,000 on the blockchain in what appears to be a fat-finger trade for the history books.
Bitfinex was moving that amount in Tether, the stablecoin pegged to the dollar, to the decentralized exchange DeversiFi at 7:10 a.m. New York time Monday, records on blockchain tracker Etherscan show.