Bitcoin miner returns to Paxos $500k in mistakenly paid charges

Crypto.information – A miner who mistakenly obtained the 19.8 BTC in charges returned the funds to the New York-based regulated blockchain, Paxos.

On Sept. 10, a BTC transaction that moved solely almost $2,000 had a fee payment of $500,000.

Later, on Sept. 13, it was revealed that Paxos made the transaction. The corporate defined to crypto.information that it was as a result of an inner server mistake. Paxos added that the funds have been secure and belonged to the staff.

On Sept. 15, the F2Pool that obtained the payment have despatched the 19.82108632 BTC overpayment again to Paxos.

Paxos is a blockchain infrastructure supplier that was based in Singapore in 2012. The corporate goals to convey regulatory oversight to digital property and blockchain expertise. Paxos has positioned itself as a trusted and dependable platform for customers and monetary establishments to have interaction with digital property securely.

One in all Paxos’ notable achievements is its partnership with the Financial Authority of Singapore (MAS), which serves because the nation’s monetary regulator. This collaboration permits Paxos to function beneath the oversight of MAS, making certain that its providers adhere to regulatory requirements.

Paxos has a world presence, with workplaces in Singapore, New York, and London and a staff of over 200 workers, based on Crunchbase.

This text was initially printed on Crypto.information