Bitcoin Wallet's Automated Script Devours Entire Balance in Fees

A Bitcoin wallet's automated script caused a massive loss of $102,778 in fees after repeatedly increasing transaction fees using Replace-by-Fee (RBF). The wallet attempted to transfer coins but ended up consuming its entire balance in network fees. This single mistake led miners to collect 88% of the block's fees, highlighting the risks associated with automated scripts and the need for manual checks.

The incident occurred when an automated script increased transaction fees using RBF, eventually exhausting the wallet's funds without transferring any coins. The transaction was confirmed in block 962,142, making it a costly mistake for the wallet owner.