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Is it worth trusting a system where just one mistake can lead to the loss of an entire fortune?
A crypto trader under the pseudonym "Qklpjeth" lost 7,912 Renzo restaked ETH (ezETH) tokens worth $26.4 million due to a simple mistake when entering the address. The incident occurred on June 19, when a trader accidentally sent funds to the wrong secure address, and the tokens were blocked without the possibility of their withdrawal.
Qklpjeth admitted that he made a mistake due to incorrect copying. He has been trying to get his assets back for almost five months, but all traditional methods have proven to be useless. In desperation, the trader recently turned to white hat hackers on the social network X, offering a $2.6 million reward for helping to find a smart contract vulnerability that would allow him to recover lost funds.
The community quickly responded to the call for help. The developer of the DeFi platform DefiLlama 0xngmi advised contacting the Renzo protocol directly and asking them to change the token contract. However, qklpjeth said that he had already contacted Renzo, but it was not possible to get support due to regulatory restrictions.
Digital expert Harrison Seletsky from the SPACE ID platform believes that this case is a wake-up call for the crypto industry. In his opinion, simple mistakes such as improper copying and pasting should not lead to the loss of millions of dollars more than a decade after Bitcoin's inception. This points to the need to improve the user experience and security of crypto transactions.
Seletsky noted that mass adoption of cryptocurrencies is impossible until users are confident in the safety of their funds and protection from such mistakes. He added that in order to attract a wide audience, it is necessary to optimize interfaces in order to eliminate the risk of losses due to the human factor.
Thus, the case of Qklpjeth demonstrates how important attention to detail is in the crypto industry and the improvement of processes so that users can work safely with digital assets.
Source
A crypto trader under the pseudonym "Qklpjeth" lost 7,912 Renzo restaked ETH (ezETH) tokens worth $26.4 million due to a simple mistake when entering the address. The incident occurred on June 19, when a trader accidentally sent funds to the wrong secure address, and the tokens were blocked without the possibility of their withdrawal.
Qklpjeth admitted that he made a mistake due to incorrect copying. He has been trying to get his assets back for almost five months, but all traditional methods have proven to be useless. In desperation, the trader recently turned to white hat hackers on the social network X, offering a $2.6 million reward for helping to find a smart contract vulnerability that would allow him to recover lost funds.
The community quickly responded to the call for help. The developer of the DeFi platform DefiLlama 0xngmi advised contacting the Renzo protocol directly and asking them to change the token contract. However, qklpjeth said that he had already contacted Renzo, but it was not possible to get support due to regulatory restrictions.
Digital expert Harrison Seletsky from the SPACE ID platform believes that this case is a wake-up call for the crypto industry. In his opinion, simple mistakes such as improper copying and pasting should not lead to the loss of millions of dollars more than a decade after Bitcoin's inception. This points to the need to improve the user experience and security of crypto transactions.
Seletsky noted that mass adoption of cryptocurrencies is impossible until users are confident in the safety of their funds and protection from such mistakes. He added that in order to attract a wide audience, it is necessary to optimize interfaces in order to eliminate the risk of losses due to the human factor.
Thus, the case of Qklpjeth demonstrates how important attention to detail is in the crypto industry and the improvement of processes so that users can work safely with digital assets.
Source
