A trader named qklpjeth has found himself in the spotlight of the crypto community after losing 7,912 ezETH (about $25.8 million) due to... an incorrectly copied address. 😱
❓ What happened?
On June 19, qklpjeth accidentally sent tokens to a smart contract that does not support withdrawals. The error was fatal: the funds are locked forever. 🔒
Despite attempts to contact the developers of the Renzo project, it was not possible to solve the problem - “regulatory restrictions” did not allow changes to be made to the smart contract code.
On November 10, the trader turned to the crypto community for help and even offered a reward of 10% of the amount (~$2.5 million) to anyone who could return the funds. 💰
🤔 Is there a problem with the ERC-20 standard?
Many users have noted one important point: this situation would not be possible when working with ETH. If there was an error in the address, the system would simply issue a notification and reject the transaction. However, ERC-20 tokens do not have this protective mechanism. ⚠️
This problem has been known since 2017, but a solution has not been found. Who knows how much more money will be lost due to this "feature" of the standard? 😔
🔒 How to avoid such mistakes?
Double check the address before sending. Don't rely on copy/paste only.
Use test transactions to send small amounts.
Choose wallets with built-in protection against such errors.
🛡️ Blockchain does not forgive mistakes, but it teaches you to be more attentive.
The crypto world is growing and developing, but its users must be one step ahead. Monitor your security, because the price of a mistake can be huge. 🚀
