Sweeping Address Bot Spends 4800 Dollars in Fees to Chase 12.67 Dollar Bitcoin Fund

Techub News reports that a sweeping address bot appeared on the Bitcoin network, paying a total of 4800 dollars in on-chain fees to recover a 12.67 dollar Bitcoin fund. This incident reflects the inefficiency of such bot operations and also shows that miners have unexpectedly benefited from the rise in competitive fees. (Crypto Briefing)