Crypto Token Tracker logo Crypto Token Tracker logo
Coin Edition 2024-06-08 09:54:04

OKX Backlog Snarls Bitcoin Transactions, Fees Surge

A backlog of user wallet consolidation transactions on cryptocurrency exchange OKX is causing significant congestion on the Bitcoin network. Mempool founder @mononautical reports that OKX has nearly 1,000 unconfirmed transactions remaining, totaling over 42 million virtual bytes and incurring fees exceeding 57 bitcoin (BTC). This represents a recovered value of approximately 730 BTC. Consequently, OKX The post OKX Backlog Snarls Bitcoin Transactions, Fees Surge appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.