Cryptocurrencies: This Unhappy Trader Loses $25 Million Due to Copy-Paste

Sending $25 million in cryptocurrencies to the wrong address… This is called an 8-digit typo. A crypto user today found himself with a huge sum of ether tokens locked forever, because of a simple mistaken copy and paste. These funds are now inaccessible, unless the platform Renzoa specialist in liquidity recovery, does not intervene to recover them. But for now, Renzo’s team remains silent, leaving this user in despair with his 25 million lost in the blockchain. Explanations.

The fatal error: one copy and paste too many

This unlucky user, identified under the pseudonym @qklpjethshared his story on X, hoping to attract the attention of so-called white hat hackers to help him recover his tokens. But what was his error ? Instead of sending the funds to his secure wallet, he transferred them to a secure modulea locked address over which he no longer has control. Without the ability to withdraw it, that $25 million is now trapped in a contract.

$2.5 million in rewards to unlock cryptocurrencies

As a last resort, @qklpjeth offers a reward of $2.5 million to any hacker capable of saving the day. But experts like the founder of DefiLlama, 0xngmiare skeptical, explaining that only an update of the contract by Renzo could help recover the funds.

“Urgent help request!” To all competent hackers and white hats: I lost a significant amount of money on a contract and urgently need help to get it back. If you manage to recover the funds, I will immediately offer you a 10% reward, or approximately $2.5 million.”

Source : X

A rookie mistake? Good reflexes to keep in mind with cryptocurrencies

Mistakes like this may seem surprising, but they are actually much more common than you might think in the crypto ecosystem. Between the use of bots and the manipulation of long and critical addresses, a little inattention can quickly become a financial nightmare.

This is why, before sending large amounts, it is essential to triple check the receiving address, test with small amounts, and avoid secure modules if you are not sure of their operation.

Finally, note that for the moment, Renzo has not made any comments on this matter, and it is unlikely that a quick solution will be put in place, to the great despair of the user. But this story is a reminder that in crypto, mistakes can be very, very expensive. In 2021, an Internet user resold his CryptoPunk for just 4.44 ETH instead of 4,444 ETH. A comma error which will have cost him dearly too and which multiplies when the markets are racing, as is the case at the moment.