According to data provided by Whale Alert, someone recently shelled out a whopping $3.7 million ADA in order to send a single transaction.
However, many pointed out that the fee was an infinitesimal 1.6 ADA (0.83).
Whale Alert’s monitoring bot incorrectly logged the aforementioned $3.7 million figure as the deposit when it was, in fact, the entire deposit.
SecurityBot founder Josh Marchand has noted that Whale Alert is posting “completely false” information.
According to Marchard, it appears that Whale Alert actually calculated the fee based on the difference in input and output values, which is clearly incorrect.
“Please, consider consulting with an expert from the Cardano community to make sure your integration is complete and bug-free. We want Cardano to be represented fairly and without any embarrassment for you,” he added.
In other news, someone paid a $112,745 ETH fee for a single transaction earlier today.
Whale Alert’s official response
In a recent post, Whale Alert clarified that the figure was incorrectly marked as a “burn fee.” However, it was misreported due to the limited data provided by the Cardano node. “We have disabled fee burns for Cardano to prevent this from happening again,” the popular wallet tracking service added.