Trader seeks help after losing $25 million in a mistaken blockchain transfer, offering a reward for successful recovery.
Trader’s Costly Mistake Leads to Reward Offer
A crypto trader mistakenly sent $25 million to the wrong address on the blockchain, leaving the funds trapped. This incident has driven him to offer a $2.5 million reward for anyone able to retrieve his assets.
Accidental Transfer Causes Major Loss
Known online as “qklpj.eth,” the trader disclosed the loss occurred due to an accidental transfer of funds into a restricted holding account. In a blockchain setting, transactions are permanent, so his funds remain out of reach unless a creative solution is found.
Seeking Experts in Blockchain to Retrieve Funds
The trader posted on X, appealing to skilled hackers and white hats to help recover his funds. “I’ve lost a significant sum in a contract and urgently need help recovering it,” he wrote, promising a 10% reward, which translates to approximately $2.5 million.
Hopes for Vulnerability in Smart Contract
He expressed his desperation to DL News, stating he hoped for a vulnerability in the smart contract code that could unlock the funds. He clarified that these are personal assets, not company funds, emphasizing his need for a breakthrough solution.
Possibility of Code Modification by Renzo Protocol
One potential solution could come from Renzo, the DeFi protocol whose smart contract governs the locked funds. Unlike many blockchain contracts that are immutable, Renzo’s contract allows updates, creating a slim chance of recovery. However, the trader noted that Renzo may face compliance restrictions, making them unable to act.
Considering Legal Avenues for Retrieval
While courts have previously intervened to compel DeFi protocols to retrieve stolen funds, the trader has not yet pursued legal action. He cited his good relationship with the Renzo team as a reason for avoiding this route. However, similar cases have led courts to mandate asset recovery, including a UK ruling this year that ordered Oasis to help recover funds lost in a previous hack.
A Call to White Hat Hackers and Developers
As of Monday, no solutions had emerged, leaving the trader’s appeal to the blockchain community active. His offer of $2.5 million underscores the high stakes involved and his hope that someone with the right technical skills will come forward.
Hope Remains for a Quick Solution
Despite the lack of immediate responses, the trader remains hopeful that either a vulnerability in the contract or an ethical hacker will come to his aid. Until then, the $25 million remains inaccessible, a sobering reminder of blockchain’s irreversible nature.
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