Bitcoin Users Lose 1.6 BTC in Fees Due to Runaway RBF Script

TechFlow reports, on August 13, according to BeInCrypto, a Bitcoin user on August 12 paid a fee of 1.6 BTC (approximately $102,800) in block 962,142 due to a runaway automated script, while the actual transfer amount was zero. The automated script run by the user enabled the Replace-by-Fee (RBF) function; the script automatically increased the fee bid every second, eventually exhausting all balances in the wallet. Mining pool SpiderPool mined the block and received this unexpected windfall; this fee accounted for 88% of the total fees in the block (approximately 1.82 BTC).