Oops! Someone Accidentally Sent $20,000 Worth Of BNB To A Smart Contract Address On The Binance Smart Chain

Oops! Someone Accidentally Sent $20,000 Worth Of BNB To A Smart Contract Address On The Binance Smart Chain
фото показано с : zycrypto.com

2020-9-13 14:10

“A guy just sent 800 BNB ($20,000) to a smart contract address by mistake on Binance Smart Chain,” Changpeng Zhao, the CEO of cryptocurrency exchange Binance said.

A Costly Mistake

An unknown user sent BNB coins worth a staggering $20,000 to a smart contract address on Binance’s smart contract-enabled blockchain (BSC). Zhao, more commonly known as CZ, indicated that the coins were completely burned and therefore lost permanently.

In his tweet on Saturday, the CEO noted that the unnamed user who made this huge mistake had reached out to the exchange asking for help in recovering his 800 BNB. CZ said they could actually compensate the individual by deducting the amount lost from the next BNB token burn. But the burning question is, should they do it?

A guy just sent 800 #BNB ($20,000) to a smart contract address by mistake on Binance Smart Chain. It is effectively burned (permanently stuck). He's begging for our help now. We could make him whole by deducting that amount from the next burn. Should we do it?

— CZ Binance (@cz_binance) September 12, 2020 Should The Individual Be Paid Back With The Exact Crypto Holdings He Had Before The Incidence?

Well, Crypto Twitter did not disappoint. Many of the responses seemed to indicate that compensating the user would compromise the concept of decentralization in that, for a truly decentralized network, the community has limited power and control. This means that the exchange should not interfere with the blockchain transaction as it was the user’s mistake.

One user by the name ShitcoinFlipper stated:

“Absolutely not. It’s his mistake. Problem is; if you do it now then you will need to do it in the future as well. What if another 10-20 people make the mistake? Will you help them too?”

A few others were a bit sympathetic, suggesting that CZ should help him recover 100% of his tokens if he has the means to. They reasoned that dealing with human error will help cryptocurrencies achieve mass adoption.

Meanwhile, CZ has simply noted in a follow-up tweet that the issue “will be taken care of”. Whether this entails reimbursing the unlucky individual is anyone’s guess.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

SmartCash (SMART) на Currencies.ru

$ 9.67E-5 (+3.20%)
Объем 24H $55
Изменеия 24h: 4.16 %, 7d: 11.51 %
Cегодня L: $9.67E-5 - H: $9.67E-5
Капитализация $136.673k Rank 2190
Цена в час новости $ 0.0037844 (-97.44%)

smart binance address bnb contract sent zhao

smart binance → Результатов: 102


BitKan Smart Trade — революция в крипто-торговле

BitKan предлагает новое решение для трейдеров цифровыми активами. BitKan превратился в платформу для торговли цифровыми активами, сотрудничая с четырьмя основными платформами бирж, такими как Binance, OKEx, Huobi и Bitfinex.

2019-10-18 17:03


Binance CEO Hosts Fifth Live AMA On Company’s Latest Objectives For Futures And Smart Contracts

Binance head CZ sat down for his latest edition of his famous AMA where he addressed numerous rumors and questions around Binance. #Binance 2nd Anniversary AMA With @cz_binance: Highlights During his 5th AMA, CZ addressed extending the 25% fee discount, #Binance's commitment of $BNB allocations to the token burn, & other important topics across the […]

2019-7-13 19:24


MoonTrader ICO

MoonTrader team has developed and is supporting the trading terminal (MoonBot - moon-bot. com) which was introduced in October 3, 2017. Currently, the performance of MoonBot surpasses that of most existing trading systems as a result of its advanced functionality and the high security features designed to protect your trading activities.

2019-6-13 21:03