Bitfinex Moved $1.1 Billion BTC with Only $0.68 Fees
April 10, resulted to transfer 161,500 Bitcoin for an expense of only 0.00010019 BTC (roughly $0.68) the Bitcoin world again noticed by Teck Geeks.
Reported, Details issued by blockchain transaction, that user moved roughly $1.1 billion dollars in the Bitcoin at the press time. 15,000 BTC sent to a wallet, The remainder 146,500 BTC was refunded to the original address.
First leading to spot out the transactions Twitter user KRMA_0, within short span someone holds the credit for the move. In an acknowledgment to his 15,000+ followers, Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex, stated that the crypto exchange was responsible, attributing the move to the exchange refilling its hot wallet on Sunday.
Hitting the record for outstanding BTC transaction
Effecting Bitfinex’s transaction the outstanding one in BTC in past recognizing in terms of the dollar amount. On September 6, 2019, over a billion dollars in BTC was moved when transaction records indicate 94,504 BTC $1.018 billion at the time transferred for a $700 fee.
Nonetheless, it not was the largest amount of cryptocurrency to move ever. The privilege belongs to a 500,000 BTC transaction made on November 16, 2011. Wealth $1.32 million at the time, that amount of Bitcoin will be liquidated roughly $3.5 billion today.
