Today, my friend suffered a big loss when he was doing USDT transfer. He lost 48,899 USD at once! This incident should remind all friends who play cryptocurrency that the water in this circle is deep and you can't make any mistakes!
The thing is, my friend planned to transfer 36,880 USDT from KuCoin platform to his business partner's OKX wallet. His partner gave him an ERC20 network address, and he thought it was that simple and he could just transfer it directly.
As a result, when setting it up, he accidentally checked a polygon network (Polygon) without realizing it. With just one click to confirm, the money was deducted from the account, but it never arrived in his partner's wallet. He wanted to get it back, but it was impossible, because OKX's wallet address does not support deposits in the Polygon network at all, and the money was just wasted.
This incident taught us two vivid lessons:
First, the network must match. When you transfer money, you must see clearly what network the recipient is on. Don't choose it blindly. If you choose the wrong one, you will be in trouble.
Second, cryptocurrency transfers are different from bank remittances. If you make a wrong bank remittance, you can still contact the bank to withdraw it. Once a cryptocurrency transfer is confirmed, it cannot be withdrawn. If it is wrong, it is wrong. You can only blame yourself.
Therefore, when you transfer money in the future, you must be careful:
The wallet address must be carefully checked. Don't be bothered. You must specify the network. Confirm whether the selected network is compatible with the recipient's network. Don't make a mistake.
If it is a large transfer, don't rush to transfer all. Send a small amount first to test the water. After confirming that there is no problem, transfer the large amount.
In short, when playing with cryptocurrency, you must be steady and don't be careless, otherwise, it will really be "careless and lose Jingzhou", and you will have no place to cry!
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