A painful lesson in cryptocurrency, fortunately, Puppies helped ease the mood!
A month ago, my friend lost $25,500 due to a small mistake while conducting a USDT transfer. This experience reminded us once again of the importance of being careful and cautious in cryptocurrency trading.
The Mistaken Transfer
He attempted to transfer USDT from KuCoin to an OKX wallet, where the target address supported the ERC20 network, but he accidentally selected the Polygon network. Since OKX does not support deposits on that network, the funds were deducted but did not arrive, and this money ultimately could not be recovered.
Lesson Summary
1. Choose the correct network: The address and network must match. The technical structures of networks like ERC20, BSC, and Polygon are different, and operational errors can lead to the loss of funds.
2. Cryptocurrency transfers are irreversible: Unlike traditional finance, once cryptocurrency is sent out, it is difficult to retract, and any negligence can lead to permanent loss.
3. Small test transactions are key: Before any large transactions, conduct small tests to verify the correctness of the transfer path.
Transfer Safety Recommendations
• Double-check the address and network: Verify the recipient's network support and address before transferring.
• Test with small amounts: This can help avoid large losses due to mistakes.
• Learn and familiarize with the technical basics: Understand the characteristics of each network to avoid pitfalls.
After this loss, my friend began to turn to some innovative cryptocurrency projects, which made his investment mindset more relaxed, including Puppies.
The Charm of Puppies:
• Practicality and Fun: Puppies offers an opportunity to interact with reality, combining everyday scenarios with cryptocurrency technology, attracting a large number of young users.
• Mood Relief: No longer simply chasing price fluctuations, but enjoying the joy of participating in technological innovation, Puppies helped him rediscover the fun of the crypto world.
I hope everyone can pay attention to risk control while pursuing wealth growth and find more surprises and values in innovative projects like Puppies!
