The future of finance? A whale spent 19 BTC >$500K in fees on a single transaction

Just a few hours ago, a whale accidentally incurred a transaction fee of 19 BTC (approx $509K at today prices) to move just 0.074 BTC to Binance! This has surely got to be some kind of record paid for a transaction fee right?

FEE – 19.82 BTC (509,563 USD)

The working assumption is that this was the result of human error, that they inverted the fee amount and the send amount. Unless they’re burning some BTC for cause, but that would sting a bit no matter how big a whale you are, imagine explaining that to the wife.

Don’t feel too bad for them though, their wallet still has 400 BTC remaining in there, and they’ve spend six figures of BTC during the history of the wallet.

Link to the transaction ID here: d5392d474b4c436e1c9d1f4ff4be5f5f9bb0eb2e26b61d2781751474b7e870fd

An amusing side note is that the transaction used segwit and saved on fees, some lucky miner on that one!

This transaction saved 24% on fees by upgrading to native SegWit-Bech32