🔥 USDT transfer lost $26,800! A painful lesson from an operational error
A small oversight may cost you a huge price - my friend lost a full $26,800 due to an operational error in a USDT transfer! This incident sounded the alarm for all cryptocurrency players: details determine everything!
What happened:
1️⃣ Wrong operation
My friend originally planned to transfer $25,500 USDT from KuCoin to his business partner's OKX wallet, and the recipient provided an ERC20 network address.
However, he accidentally selected the Polygon network during the operation and directly confirmed the transaction without checking it carefully.
2️⃣ Where the funds went
Since the OKX wallet does not support deposits on the Polygon network, the funds could not be received in the end, and once a cryptocurrency transaction is confirmed, it cannot be revoked. After trying to recover it to no avail, the money was completely wasted.
Lessons learned:
1️⃣ Network matching is key
The wallet address and network must match exactly, otherwise the funds may never reach the recipient.
2️⃣ Irreversible transaction mechanism
Unlike traditional banks, once a cryptocurrency transaction is initiated, it cannot be withdrawn or changed, and the mistakes can only be borne by oneself.
How to avoid similar tragedies?
1. Check the wallet address and network
Repeatedly confirm whether the target address and the selected network are consistent before operation, and do not be careless.
2. Check network compatibility
Make sure that the sending network is consistent with the network supported by the recipient, such as ERC20, BEP20, etc.
3. Small test transfer
Before making a large transfer, make a small transfer test first, and then continue after confirming that it is correct.
Summary:
The freedom and convenience of cryptocurrency are accompanied by high risks, especially when operating. Every detail may determine success or failure, so remember to be cautious with every transaction! I hope that the lesson of this blood loss will help more people avoid repeating the same mistakes!
In addition, I recently plan to ambush a potential coin that has the opportunity to explode. It is very easy to double it, and the expected space is 10 times or more.
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