Panicked Bitcoiner mistakenly pays over $70K of BTC in fees

A Bitcoin user accidentally paid 0.75 BTC in transaction fees after a panic-induced replace-by-fee error, highlighting the risks of manual transaction settings in crypto wallets.

One presumably panicked Bitcoin user paid nearly 0.75 BTC ($70,500) in a replace-by-fee (RBF) transaction fee.

The transaction in question was sent about 30 minutes after midnight UTC on April 8. It was the second attempt at performing an RBF that changed the transaction’s target address, sending 0.48 Bitcoin ($37,770) with 0.2 BTC of change ($16,357).

Second Bitcoin RBF transaction. Source: Mempool.Space

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