How my friend lost $50,000 USDT on Binance.
About a month ago, my friend was trying to withdraw USDT worth $50,000 from his Binance spot wallet to his business partner's wallet on Bybit; his business partner provided him with a wallet address on the BEP20 network.
In the process of withdrawing/transferring the $50,000 in USDT, my friend accidentally tapped the opBNB network instead of the BEP20 network and proceeded with the withdrawal.
The USDT has never been reflected in my friend's Bybit wallet to this date.
Lesson: Always verify and confirm wallet addresses and their corresponding networks before proceeding with the withdrawal.
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