Bitfinex moved more than $ 1 billion in Bitcoin value for just $ 0.68 in transaction fees




Bitfinex will list the newly issued LEO token next Monday


Someone moved 161,500 Bitcoin (BTC) on April 11 for an amazingly low fee of just 0.00010019 BTC, about $ 0.68 USD, this move has caught the attention of the cryptocurrency community.


According to the transaction data from blockchain.com, a user has transferred about $ 1.1 billion in cryptocurrency at the time of writing. Of that money, 15,000 BTC was sent to a wallet address, the rest of about 146,500 BTC was returned to the original wallet address.


A Twitter user named KRMA_0 was one of the first to discover this huge transaction, but soon someone acknowledged the massive transaction. In a response on Sunday, Paolo Ardoino - CTO of Bitfinex, said his cryptocurrency exchange made transfers, he revealed that 15k of BTC was transferred to the exchange's hot wallet.



"Yes, we filled up the hot wallet with 15k, the rest was sent back to the original wallet."





Break the record for the largest BTC transaction


This gigantic Bitfinex transaction made it the largest BTC transaction in history in terms of USD value. The last time more than $ 1 billion was transferred was on September 6, 2019, the time of recording 94,504 BTC - worth about $ 1,018 billion at the time, was moved for a fee of $ 700.


However, in terms of the number of BTC, this is not the largest transaction. That honor belongs to the containing transaction 500,000 BTC was implemented on November 16, 2011. With a value of $ 1.32 million at the time, the amount of Bitcoin currently valued in USD was about $ 3.5 billion.


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According to CoinTelegraph
Translated by ToiYeuBitcoin




About My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently. https://www.nguyendiep.com/. Mr Cuong.
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