Bitcoin User Pays Record $500,000 Fee For Single Transaction — Jameson Lopp Points To Withdraw-Only Wallet

A Bitcoin (CRYPTO: BTC) user on Sunday paid an astonishing transaction fee of 19 BTC, equivalent to a staggering $509,563. What Happened: According to Jameson Lopp, a prominent figure in the cryptocurrency community, the address involved in the transaction is likely a withdraw-only hot wallet tied to an enterprise. “It looks like it only receives deposits from one address to top up its balance every now and then. Spending pattern is one long peel chain! They’ve received 60,000+ transactions and sent 60,000+ transactions from the same address (bad practice) and likely calculated their change ou…

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