šØš **The Harsh Reality of Cryptocurrency Transfers: $36,880 in USDT Lost!** ššØ
Hey everyone, if youāre a newbie in the crypto world, pay attention: a small slip can cost you a fortune! Today, a friend learned this the hard way. He made a transfer of USDT and lost a whopping $36,880! š±
**The Fatal Mistake**:
The plan was simple: transfer $36,880 in USDT from KuCoin to a business partner's OKX wallet using the ERC20 network. But at the last minute, he mistakenly selected the **Polygon** network instead. The transfer was confirmed, but the funds never reached the recipient. OKX doesnāt accept deposits in Polygon, and now that $36,880 is irretrievable! šøš
**Lessons Learned**:
1ļøā£ **Beware of Network Incompatibility**: The recipient's wallet required ERC20, but he used Polygon.
2ļøā£ **Irreversible Transactions**: Unlike traditional banking, once you send cryptocurrencies, thereās no turning back.
**How to Avoid This Happening to You**:
š **Double-Check Wallet Details**: Always verify the recipient's address and the selected network before hitting "Confirm."
š **Ensure Network Compatibility**: Make sure both wallets support the blockchain network youāre using.
š° **Run a Test Transfer**: Before sending large amounts, test with a smaller amount to ensure everything is set up correctly.
Letās learn from this mistake and make sure it doesnāt happen again! Share this lesson with your friends so they can stay alert too! šāØ