Bitfinex paid $ 24 million in Ethereum fees to send USDT worth $ 100,000

Bitfinex paid $ 24 million in Ethereum fees in a single transaction on the Ethereum blockchain, as we read more in our latest Ethereum news.

The market is quite an interesting place and now even one of the most popular centralized exchanges Bitfinex has paid a fee of $ 24 million to deposit $ 100,000 through the Ethereum network. In what appeared to be the most expensive transaction made at ETH, the exchange paid ETH out to the value of over $ 23 million. The transaction itself intends to deposit USDT worth $ 100,000, and according to Etherscan, Bitfinex paid a whopping 7,676.6 ETH, or about $ 23.6 million. The transaction was processed through the recently implemented EIP-1559, which means that about 0.053 ETH was burned.

USDT is to come to the DeversiFi wallet as a decentralized exchange that is incubated by the exchange. The DEX team commented on the issue and posted an official response on their Twitter page that on Jan.^NS, a deposit with a hardware wallet from the DiversiFi user interface with a high gas fee. DeverisiFi is currently investigating the cause to see how this happened and will post an update as soon as something is up. No customer funds on the exchange are at risk, nor on other platforms and operations remain unaffected.

Speaking of Bitfinex, we reported that crypto exchange Bitfinex announced the introduction of the universal second factor of open U2F authentication in their merchant payment services Bitfinex Pay. The move allows online stores and merchants to adopt the Bitfinex Pay utility and receive payments for goods and services in a range of crypto assets such as BTC, ETH, Lighting NETwork and Tether on the Tron blockchain and Ethereum. Registered retail customers can select the option “Pay with Bitfinex” at the checkout and after a detour via the payment gateway, the customer will be redirected to the retailer’s website. Once confirmed, the payment will be sent to the merchant’s connected Bitfinex wallet address.

Bitfinex allegedly refunded Tether Tether’s issuer, which is the reason behind the investigation launched by the New York Attorney General’s office. Questions remain about the exchange’s relationship with Tether, but the company now claims that it has repaid the remainder of the loan. The exchange said it initially paid $ 550 million for Tether in January after repaying $ 100 million over the past two years.

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