Article 5YYR7 A Typo Sent $36 Million of Crypto Into the Ether

A Typo Sent $36 Million of Crypto Into the Ether

by
msmash
from Slashdot on (#5YYR7)
An anonymous reader shares a report: One of the key selling points of the blockchain is that it's immutable: Once data is processed, once a transaction occurs, it can't be undone. One of the most painful downsides to the blockchain? It's immutable. If human error causes something to be sold for the wrong price or money to be sent to the wrong place, reversing it can be difficult or even impossible. That is the unfortunate place developers of the Juno cryptocurrency find themselves. A community vote had decreed that around 3 million Juno tokens, worth around $36 million, be seized from an investor deemed to have acquired the tokens via malicious means. (This in itself was a big crypto news story.) The funds were to be sent to a wallet controlled by Juno token holders, who could vote on how it would be spent. But a developer inadvertently copy and pasted the wrong wallet address, as reported by CoinDesk, leading to $36 million in crypto being sent to an inaccessible address. Andrea Di Michele, one of Juno's founding developers, explained to the publication that he sent the correct wallet address to the developer responsible for the transfer, as well as a hash number. Hashes connect blocks to one another in the blockchain, and at a glance hash numbers can look very similar to wallet addresses. The programmer in charge for the transfer accidentally copied and pasted the hash number, rather than the wallet address.

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