• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

A User Lost 4,005 LINK After Sending Them To Smart Contract Belonging To Defi Game Aavegotchi

Written by:
Aeon Flux
Published on:
19 December 2020
Thoughts:
No comments yet

The Crypto Basic

The user sent 4,005 LINK worth about $52,800 to a smart contract of Aavegotchi game contract that does not support Link. The tokens are irrevocable lost and are gone forever.

According to Github’s article, a user mistakenly sent LINK tokens to a smart contract belonging to the Defi game Aavegotchi. The contract does not support these tokens, so they are lost forever.

User Dawid (@d13kabani), a father of two and aavegotchi enthusiast made the mistake that every cryptocurrency user fears the most, Aavegotchi developer pixel craft studios confirmed.

According to the article, the user mistakenly sent most of his cryptocurrency savings to a GHST staking contract that he had previously interacted with instead of depositing them on Binance. The developers added that since it is impossible to cancel such action in cryptocurrencies, user LINK coins are permanently stuck in an immutable GHST contract.

However, the Aavegotchi project decided to help the user by creating a unique santagotchi wallet so that other cryptocurrency enthusiasts can donate money to the victim. At Christmas, Aavegotchi will transfer all donations to the affected user.

Developer Nick Mudge explained that the ERC-20 Ethereum standard is vulnerable to such errors.

This is a problem of the ERC-20 standard. It does not allow you to check whether a contract can accept specific tokens. Mudge said.

He cited two proposals for improving Ethereum ERC20 tokens. ERC-777 and ERC-223. The first prevents the address from receiving assets that it does not support. The second is compatible with the ERC-20 standard and was specifically created to avoid users from losing money due to errors.

Such mistakes happen quite often. In October, a user lost 28,050 AAVE after sending them to the token’s smart contract address.

Read Complete Story Of A Poor DAD on Github

Categories: Ethereum, News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,402)
  • Ethereum (1,620)
  • News (5,026)

Recent Posts

  • Anonymous Turns to CultDAO for Support Against Unjust Government Actions 13 May 2022
  • Where Is Money Going to Flow? 12 May 2022
  • Why You Should Not Fear Recessions 12 May 2022
  • The Power Laws of Bitcoin 12 May 2022
  • What’s Next for NFTs: Innovations, Utility, and Trends 12 May 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web