A sigh - 1.3 million U lost in wrong chain transfer
1. Customers who sent to the wrong chain Today I encountered a customer who, half a year ago, wanted to transfer 1.3 million U worth of SUI coins from an exchange to his SUI address in his wallet but accidentally transferred to his wallet's APTOS chain address, asking if it could be retrieved. At first, I thought it would be easier to handle like the previous Bitcoin series and EVM series of wrong chain transfers, but after research, I found it was not that simple.
With the same private key, SUI and APTOS use different hash functions when generating addresses: the former uses Blake2b-256, and the latter uses SHA3-256. The generated address length is a 0x + 64-byte hexadecimal string.
A sigh - 1.3 million U lost in wrong chain transfer
1. Customers who sent to the wrong chain Today I encountered a customer who, half a year ago, wanted to transfer 1.3 million U worth of SUI coins from an exchange to his SUI address in his wallet but accidentally transferred to his wallet's APTOS chain address, asking if it could be retrieved. At first, I thought it would be easier to handle like the previous Bitcoin series and EVM series of wrong chain transfers, but after research, I found it was not that simple.
With the same private key, SUI and APTOS use different hash functions when generating addresses: the former uses Blake2b-256, and the latter uses SHA3-256. The generated address length is a 0x + 64-byte hexadecimal string.
Is the rise and fall of the cryptocurrency market really terrifying?
Don't ask if it will happen. Just ask, have you experienced it?
This is not an exaggeration, but a real tragedy witnessed and personally experienced.
Let's talk about the most classic example—the night of the LUNA crash.
You think it's a "correction," but it's actually "going to zero."
You have 10,000 LUNA, worth 1 million USD yesterday, but when you check the price before bed, it has dropped by 30%, now only worth 700,000.
You reassure yourself: "It's just a minor correction; UST has only de-pegged by 10%, I trust Do Kwon!"
So, you sleep soundly. The next morning, you wake up to find only 10,000 USD left in your account. You are shocked: "A 99% drop? It should have bottomed out, right?" You start fantasizing: "If I buy the dip and it rebounds to 10 USD, that's ten times my investment, I can turn it around!"
You sell everything and put in another 200,000 USD, buying 200,000 LUNA. You no longer dare to sleep, watching the market all night, only to see the price drop from 1 → 0.1 → 0.0001 → 0.000001… In the end, it gets delisted from all major exchanges. 1.2 million in assets evaporated in three days, leaving you with just enough for breakfast. You are completely devastated.
The cryptocurrency market and traditional markets are not even in the same dimension. Many newcomers do not understand why people say the cryptocurrency market is "terrifyingly volatile."
Please consider these points: 24/7 operation: There is no pause button; miss one sleep, and you could miss a lifetime. No price limits: Unlike A-shares, which have a maximum drop of 10%, here it is common to see a price cut in half in one day. Extremely low entry barriers: Anyone can jump in; just install an app and you're on the battlefield. Widespread leverage: Often 10x or 20x, and liquidation can happen with just a few candlesticks.
What’s most terrifying is that these events often happen simultaneously: a project collapses, taking away the hard-earned money of tens of thousands. Leverage accelerates, leading to chain liquidations, with no rescue in sight.
So I’ll just remind you: If you can avoid leverage, don’t use it; if you can avoid altcoins, don’t invest in them. You think you are stable with 5x leverage,
But in the cryptocurrency market, daily fluctuations of 20% and 30% occur dozens of times each year! You haven’t made the wrong move; it’s just that you may not survive to see a turnaround.
In the cryptocurrency market, it’s not that you can’t read the market; it’s that you might die before dawn. Survive first, then you have the right to discuss “bull markets profiting.” Be cautious with every decision, especially the one before you sleep.
For those confused about trading, wanting to break even, or aiming to double their investment, follow Long Shao's insights to plan ahead.
In recent days, we have received numerous inquiries from customers regarding mobile wallets. Here are unified responses to several situations:
(1) Forgotten mnemonic phrase, lost phone, can it be recovered?
You must retrieve the phone, have a keystore backup, or have exported the private key. If you don't have any of these, you can only bid farewell to your coins, congratulations on contributing to cryptocurrency deflation.
(2) Forgotten mnemonic phrase, uninstalled wallet from the phone, can it be recovered?
If you have just uninstalled the mobile wallet, you should immediately disconnect from the internet and turn off the phone; there is still hope for recovery at this point. If it has been months or even years since uninstallation, the chances of recovery are diminishing.
(3) Forgotten mnemonic phrase, factory reset the phone, can it be recovered?
Similar to the above, although this situation is harder than (2), if you have just performed a factory reset and haven't used the phone for several days, there is still a slight chance of recovery.
In summary, you must have at least one of the following: mnemonic phrase, phone, keystore backup, or exported private key. If you have none of these, recovery is impossible. Some customers say they have an address and password; you have only the key but no lock, what wallet can you open?
In fact, the chances of recovery in the above three situations are very low, essentially hoping for a miracle.
So remember:
(1) You must record the mnemonic phrase and password in a notebook, lock it in a safe or store it in a secure location. Do not place it carelessly, as it can easily be burned, flooded, or thrown away as waste paper (there are customer cases for all three situations, with amounts starting from tens of millions, the highest being a small target);
(2) Do not easily reset your phone. When you get a new phone, copy all data to the new phone, and only consider resetting the old phone after using it for half a year or a year. Moreover, wallet files cannot be backed up to another phone.
(3) Never uninstall the mobile wallet APP; even if you can't log in or it doesn't run, do not uninstall it. At least the wallet files are still inside, and once uninstalled, all data is lost, making recovery very difficult.
The phone is lost, the mnemonic is gone, and there are no other backups of the keystore or private key. In this situation, recovery is not possible. You must have the original phone, and the original wallet must not have been uninstalled.
In recent days, we have received numerous inquiries from customers regarding mobile wallets. Here are unified responses to several situations:
(1) Forgotten mnemonic phrase, lost phone, can it be recovered?
You must retrieve the phone, have a keystore backup, or have exported the private key. If you don't have any of these, you can only bid farewell to your coins, congratulations on contributing to cryptocurrency deflation.
(2) Forgotten mnemonic phrase, uninstalled wallet from the phone, can it be recovered?
If you have just uninstalled the mobile wallet, you should immediately disconnect from the internet and turn off the phone; there is still hope for recovery at this point. If it has been months or even years since uninstallation, the chances of recovery are diminishing.
(3) Forgotten mnemonic phrase, factory reset the phone, can it be recovered?
Similar to the above, although this situation is harder than (2), if you have just performed a factory reset and haven't used the phone for several days, there is still a slight chance of recovery.
In summary, you must have at least one of the following: mnemonic phrase, phone, keystore backup, or exported private key. If you have none of these, recovery is impossible. Some customers say they have an address and password; you have only the key but no lock, what wallet can you open?
In fact, the chances of recovery in the above three situations are very low, essentially hoping for a miracle.
So remember:
(1) You must record the mnemonic phrase and password in a notebook, lock it in a safe or store it in a secure location. Do not place it carelessly, as it can easily be burned, flooded, or thrown away as waste paper (there are customer cases for all three situations, with amounts starting from tens of millions, the highest being a small target);
(2) Do not easily reset your phone. When you get a new phone, copy all data to the new phone, and only consider resetting the old phone after using it for half a year or a year. Moreover, wallet files cannot be backed up to another phone.
(3) Never uninstall the mobile wallet APP; even if you can't log in or it doesn't run, do not uninstall it. At least the wallet files are still inside, and once uninstalled, all data is lost, making recovery very difficult.
I. Introduction You read that right, it's not a clickbait title, it's a real event. Successful recovery on September 4, 2024. I originally didn't want to talk about this matter so publicly. A few friends guessed it was me who did the recovery, but I didn't admit it. However, now I feel there's nothing wrong with it; it's something worth celebrating and commemorating, so I wrote this article to commemorate it.
The client is a foreigner who purchased a Trezor hardware wallet in 2016, established a private account, set a high-level password, and stored 1350 BTC in it. In 2019, the client forgot the password and started looking for someone to recover it. Someone had helped him input the password through the Trezor development kit interface using electronic keys, but the recovery speed was extremely slow. After running for half a year, he ultimately gave up.
At 8 PM Singapore time tonight, the official AN Network website will be updated on schedule, while SAFE4 Desktop, SAFE4 Node, SafeWallet, SAFE4 white paper, and SAFE4 Desktop tutorial downloads will also be available. Stay tuned!
At 8 PM Singapore time tonight, the official AN Network website will be updated on schedule, while SAFE4 Desktop, SAFE4 Node, SafeWallet, SAFE4 white paper, and SAFE4 Desktop tutorial downloads will also be available. Stay tuned!
🌉 The era of isolated islands in the crypto world has officially ended!
SafeSwap protocol of SafeNet 4.0 truly realizes one-click cross-chain interoperability 📌 BTC and ETH can circulate freely 📌 The transaction cost is one thousandth of Ethereum 📌 EVM 100% compatible 💡 Whether you are a user or a developer, choose SafeNet 4.0 for cross-chain and seize new dividends in one step! 🎉
🔥 Waking up, the whole internet is buzzing! 🔥 An Network 4.0 mainnet officially launched, with hundreds of top media outlets including Tencent, Toutiao, Zhihu, Sina, Binance, and more reporting! Cross-chain interoperability, perpetual custody, super nodes, efficient cross-chain… 🌍 An Network 4.0 is set to stir up a global trillion-level crypto economic wave! 📈 The trend has begun, have you kept up? 🚀
🔥 Waking up, the whole internet is buzzing! 🔥 An Network 4.0 mainnet officially launched, with hundreds of top media outlets including Tencent, Toutiao, Zhihu, Sina, Binance, and more reporting! Cross-chain interoperability, perpetual custody, super nodes, efficient cross-chain… 🌍 An Network 4.0 is set to stir up a global trillion-level crypto economic wave! 📈 The trend has begun, have you kept up? 🚀
I. Introduction You read that right, it's not a clickbait title, it's a real event. Successful recovery on September 4, 2024. I originally didn't want to talk about this matter so publicly. A few friends guessed it was me who did the recovery, but I didn't admit it. However, now I feel there's nothing wrong with it; it's something worth celebrating and commemorating, so I wrote this article to commemorate it.
The client is a foreigner who purchased a Trezor hardware wallet in 2016, established a private account, set a high-level password, and stored 1350 BTC in it. In 2019, the client forgot the password and started looking for someone to recover it. Someone had helped him input the password through the Trezor development kit interface using electronic keys, but the recovery speed was extremely slow. After running for half a year, he ultimately gave up.