Bitcoin user burns 1.6 BTC in fees after RBF script spirals out of control

A Bitcoin user paid 1.6 BTC in transaction fees in block 962,142 even though the actual transfer amount was zero, according to BeInCrypto, in a case tied to an automated script using Replace-by-Fee, or RBF. The report said the script kept raising the fee bid every second, eventually draining the wallet’s full balance. SpiderPool mined the block and collected the unexpected payout. The fee alone accounted for about 88% of the block’s total fees, which were reported at roughly 1.82 BTC. The incident points to how automated transaction management can produce outsized losses when fee logic runs without effective limits, especially in setups that repeatedly rebroadcast transactions under RBF rules.