Trader lost $26 million due to address error

The crypto community is actively discussing the case of a trader with the nickname qklpjeth, who mistakenly sent 7912 ezETH tokens worth $25.8 million to a smart contract that does not have a withdrawal function. This made the funds inaccessible for recovery.

The error occurred due to a mundane failure when copying the address. Attempts to contact the developers of the Renzo token to resolve the issue were unsuccessful: regulatory restrictions prevented the assets from being returned to the owner.

In an attempt to recover at least part of the lost funds, the trader turned to the community, promising a reward of $2.5 million (10% of the lost amount) to anyone who helps recover the funds.

This case has drawn attention to the shortcomings of the ERC-20 standard, which have existed since its introduction in 2017. Experts note that a similar situation with the use of regular ether could have been avoided due to built-in protection. SPACE ID Director Harrison Seletsky called this incident a warning signal for the entire industry, emphasizing the need to improve interfaces and enhance security for users.