What Happens When Crypto Is Sent to The WRONG Address??

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  • Опубликовано: 24 дек 2024

Комментарии • 271

  • @CoinGecko
    @CoinGecko  8 месяцев назад +20

    Have you ever experienced something similar to this? 😔😔

    • @ajazulhaq7345
      @ajazulhaq7345 8 месяцев назад +2

      Yes I sent my 527 usdt to bone contract address mistakenly

    • @ajazulhaq7345
      @ajazulhaq7345 8 месяцев назад +1

      Is there any way to recover my assets

    • @axptogood6478
      @axptogood6478 8 месяцев назад +3

      sent 3.7 sol to the cheebs contract address lmao

    • @makavelli3094
      @makavelli3094 8 месяцев назад

      I sent shib from bep20 to erc2 on bitget.
      I don't know how to recover my fund

    • @Quinten372
      @Quinten372 8 месяцев назад +1

      @@ajazulhaq7345 no

  • @pakone83
    @pakone83 8 месяцев назад +53

    Yeah, I transferred my BTC worth 500$ to ETH network last year. But that was not a loss but a lesson for me.

    • @teru797
      @teru797 8 месяцев назад +2

      how?

    • @sus527
      @sus527 8 месяцев назад +5

      I'm a noob literally lost alots in trading because God hate me nothing go right for me, but damn how can someone make such a mistake from btc to eth network?

    • @pakone83
      @pakone83 8 месяцев назад

      @@teru797 I was transferring my BTC to my another wallet and at the same time I was doing some calculations and by mistake entered Eth network address.

    • @finfame
      @finfame 8 месяцев назад

      Same here back many years ago but ain't that much. Just $10 taught me a good lesson.

    • @teru797
      @teru797 8 месяцев назад +2

      @@finfame yeah only send small ammounts to an address first.

  • @casinowiz007
    @casinowiz007 8 месяцев назад +68

    Send a test amount first. Also, after copying and pasting, double check first and last 3-4 characters/numbers match exactly.

    • @teru797
      @teru797 8 месяцев назад +8

      yep, too bad there aren't better safe guards that help make sure you're sending to the right address.

    • @davearnold731
      @davearnold731 8 месяцев назад +7

      Yes, always!!! Send the smallest amount possible. Double check it landed in the correct wallet THEN send the rest!

    • @artvanderlay6974
      @artvanderlay6974 8 месяцев назад +8

      That's a good habit to get into unless you're stuck using Ethereum. Then it can get expensive. Still better than losing all your coins though.

    • @teru797
      @teru797 8 месяцев назад +1

      @@peacefulsoul72 Wait until they are low. Set custom sat to 16 sats. maybe 20 I think. Basically send as low priority if time is not an issue.

    • @ClosestNearUtopia
      @ClosestNearUtopia 8 месяцев назад +1

      You should check more then just 3 digits truly.

  • @Jmartini15
    @Jmartini15 8 месяцев назад +9

    I have yet to do this, I always triple check! But it’s my worst nightmare too.

  • @anonb0
    @anonb0 8 месяцев назад +4

    Don't send usdt from binance to coinbase on optimism even though it's provided as an option, coinbase apparently doesn't support optimism yet even though a warning is no where to be seen!

  • @aimanabdallah4204
    @aimanabdallah4204 8 месяцев назад +2

    I accidently send 100 $ worth of sol to a random ass contact adress instead of to my sniping

    • @Me-nk5ic
      @Me-nk5ic 6 месяцев назад +1

      Yeah me too.. is there a way to recover this bro?

  • @BobbiFlash
    @BobbiFlash 8 месяцев назад +6

    This is a huge reason why bitcoin will never be around forever eventually they will all be lost by human error...

    • @andyvankerkhove6902
      @andyvankerkhove6902 8 месяцев назад

      I guess , that will take a while...lol

    • @BobbiFlash
      @BobbiFlash 8 месяцев назад

      @@andyvankerkhove6902 yeah but still why build a economic system of something that will aultimmity fail in the short run.... It can only be a store of value and eventually people will get bored of it... Utility is king for longevity...

    • @theedwardian
      @theedwardian 7 месяцев назад +2

      Yeah and every human will die because they'll eventually forget to breathe and eat food, right? JUST MATCH THE NUMBERS! It's really not that difficult.

  • @DerekForde-y3w
    @DerekForde-y3w 8 месяцев назад +19

    this is so confusing,....how do you expect crypto to be widely adopted if issues like this occur?

    • @AquarianAgeApostle
      @AquarianAgeApostle 8 месяцев назад

      Correct

    • @StevenPringle-mu3zt
      @StevenPringle-mu3zt 8 месяцев назад +9

      Keep in mind that this is like the early Internet days this is the copper wiring, the pipes, the cement, the foundation being laid. These are the circuit boards and wires below the ATM. Once crypto is adopted it will be a simple depositing and withdrawing Fiat cash from an ATM

    • @hanlin7024
      @hanlin7024 8 месяцев назад +3

      What issues lol, if you write the wrong address it will obviously go to the wrong person, just like writing the wrong email address or the wrong IBAN

    • @Otome_chan311
      @Otome_chan311 8 месяцев назад +3

      The same thing happens if you try to mail a letter to the wrong address BTW.

    • @Tutanchat
      @Tutanchat 8 месяцев назад +2

      guidance in app & QR will do the job

  • @Chhhhhhshs
    @Chhhhhhshs 8 месяцев назад +5

    i sent my arb airdrop to arb contract address by mistake 😢

  • @ciprianstanciu7
    @ciprianstanciu7 7 месяцев назад

    There's a 4th posibility : you initiated a transaction but your internet or power went out. Your wallet thinks you don't have that amount but everyone else doesn't know that so unless the wallet can rebroadcast the transaction on demand your funds are stuck. Happened to me :|

  • @Guapd.
    @Guapd. 8 месяцев назад +48

    Got my crypto stolen while sending to the Biconomy exchange. 10/10 don’t recommend using this exchange.

    • @808MELOW
      @808MELOW 8 месяцев назад +14

      That's your fault. Why did you use a low tier exchange?

    • @Guapd.
      @Guapd. 8 месяцев назад

      @@808MELOW wanted to buy a coin that only them and another exchange had. The other exchange wasn’t available in my area.

    • @apollo-aries
      @apollo-aries 8 месяцев назад

      @@808MELOWStraight up never heard of it lol

    • @Alex123321Alex123
      @Alex123321Alex123 8 месяцев назад

      Never heard of it, why not coinbase?

  • @dajoaneke
    @dajoaneke 8 месяцев назад +1

    My friend sent BNB B from Binance to a BNB BEP2

  • @kodwanikennethmsosa
    @kodwanikennethmsosa 8 месяцев назад +13

    satoshi nakamoto wallet address

  • @andyvankerkhove6902
    @andyvankerkhove6902 8 месяцев назад +1

    its like mailing a letter to a wrong or non existing address... what do you expect ?

  • @IbadassI
    @IbadassI 7 месяцев назад

    They really need to solve this problem before mass adoption.
    [Possible solution]
    I reckon you send to recipient, recipient acknowledges receipt, sends message to sender confirming something known to both (say passcode), sender then accepts validity. Only if all three occur does the transaction get finalised. Otherwise transaction does not finalise.

  • @carmen29riv
    @carmen29riv 28 дней назад

    wow this video was correct. I send my crypto to the correct address Avalance in the Core app but the wrong network - Ethereum. About 15 minutes later, it was in my Ethereum protfolio. All i have to do know is swap to Avanlance. So it does workout if you send it to the wrong network and right Address. I think i was fortunate to have been my own wallet i was sending too. That help a whole lot. One more think it was just $60 i know it's a lot of money but it could have been worse.

  • @enam9000
    @enam9000 8 месяцев назад +2

    Lost 7 bitcoins about 4 years ago, it was my fault, lesson learned, I'm extra careful with what websites i use now.

    • @axe3740
      @axe3740 8 месяцев назад +1

      Damn sorry for your loss.. My $5K got stolen too.. Someone hacked my wallet and made it it's own

    • @takrian
      @takrian 8 месяцев назад

      On which address did you send?

    • @dwdwone
      @dwdwone 8 месяцев назад

      ​@@axe3740How?

  • @bradebronson8835
    @bradebronson8835 8 месяцев назад +1

    If you send crypto on the wrong chain but from one cex to another cex... you can recover those funds... but you have to pay each cex fees to do so...

  • @Gamster420
    @Gamster420 8 месяцев назад

    The last example isn't explained well. If i understand correctly: If you send ETH to non EVM, then it does sit on the chain under that address, but you cant generate the private key with you your etherium seed phrase? So that is similar to scenario 3?

    • @Otome_chan311
      @Otome_chan311 8 месяцев назад

      The actual answer is that chains are entirely unrelated except shared addressing in some cases. To send from eth to polygon you have to bridge the assets. Centralized exchanges typically do this automatically for you. If you select incompatible chains then it's up to the exchange what happens ultimately. Since they're handling the bridging. But wrong address = funds are lost. If you just select wrong eth l2, same keys are used everywhere so you can access bridged funds.

  • @WisdomGiven
    @WisdomGiven 8 месяцев назад +1

    What if I sent wrapped-solana from my wallet to my coinbase Solana? The transaction went through but I can't see the money? Is there any way to get that money back?

    • @overgroun
      @overgroun 8 месяцев назад

      talk to Coinbase about it. they may recover. Dont trust random people online who say they will recover. they are scammers

    • @Otome_chan311
      @Otome_chan311 8 месяцев назад

      If the TX shows that coinbase received it you should contact their customer support. If you use sol in self custodial wallet and send to the SOL address coinbase gives you, you should receive the funds fine. I've done this numerous times. Sometimes it takes a second for coinbase to show it.

  • @matrox
    @matrox 4 месяца назад +1

    Bottom line to sum it up. Send to the wrong address and you are shit out of luck whether it be
    $1 or $1miil. Thats the #1 problem with this whole system. no safe guards.

  • @WestCoastFront
    @WestCoastFront 8 месяцев назад +2

    I did this mistake a few months ago. Lost $90.

    • @Alcoolclub
      @Alcoolclub 7 месяцев назад

      😂 rip 100😂

  • @76texastek
    @76texastek 2 месяца назад

    i lost 2 with wrong adresses, ugh always triple check.

  • @Empowerrr
    @Empowerrr 8 месяцев назад +10

    This is my worst nighmare

    • @theedwardian
      @theedwardian 7 месяцев назад

      Easy to avoid. Like mailing anything valuable just make sure the address is correct.

    • @TrollToll2000
      @TrollToll2000 7 месяцев назад

      Always white-list important addresses.

  • @Stonevoyage2000
    @Stonevoyage2000 14 дней назад

    I send x/eth on cb wallet right to cb and still haven’t got the money back.
    It can be confusing but you have to send right to the exact blkchain like the video says to

  • @LEGENDARYPIRATESYT
    @LEGENDARYPIRATESYT 8 месяцев назад

    I sent on a address which was not that chain address i sent on eth address I selected bep chain

  • @Masmon599
    @Masmon599 8 месяцев назад

    Padahal ini merupakan suatu permasalahan yg bisa jadi uang,
    Dengan menciptakan jaringan yg menganalisis token yg di Terima berjenis token tertentu dan mencocokkan addres baru untuk menyimpan segala jenis token

  • @drinno8900
    @drinno8900 7 месяцев назад

    So this money is lost to the system forever ? Is that like setting fire to paper money. wonder if it cause deflation??

  • @jar72068
    @jar72068 Месяц назад

    *VortexTrace* , your efforts in fighting these scammers are truly commendable! We must do everything we can to shield the elderly and the
    public from these deceitful individuals. You're a true hero!!!

  • @OnlyCompassionIsNeeded
    @OnlyCompassionIsNeeded 6 месяцев назад +1

    Please help me. I was stupid that I trusted this exchange without rigorous research.

  • @prospernumfor9657
    @prospernumfor9657 3 месяца назад +1

    I just lost about $700 trying to send GMX from Metamask to Bitmart. Sent it to USDT address instead of GMX!😢💸

    • @WALIDBADAWII
      @WALIDBADAWII 2 месяца назад

      same with me, same network but wrong coin address bitget
      sent toncoin to usdt address on eth ... did you find a solution ?

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      @wiltseng resolved mine

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Search wiltseng 👇

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Telegram

  • @web3chimpz
    @web3chimpz 8 месяцев назад +1

    What if sent to a smart contract address of the same chain

    • @soulreaper9453
      @soulreaper9453 8 месяцев назад

      it will go through but Dev of that project will be able to access it

  • @vivanity9750
    @vivanity9750 8 месяцев назад +1

    wait i remember when i downloadsd exodus and it already had 300usd of eth

  • @raphael8463
    @raphael8463 8 месяцев назад

    Self crypto easily solve this problem by enabling users to send/receive crypto across any chain via a simple username of choice. No more sending to wrong wallets.

    • @MadhuraSiriwardhana
      @MadhuraSiriwardhana 8 месяцев назад

      It's not possible as the address creation relies on an algorithm

  • @googooboyy
    @googooboyy 8 месяцев назад +1

    Costly mistakes made cheerful with such an upbeat video! YAY!

  • @K-boy22
    @K-boy22 8 месяцев назад +1

    I sent my crypto from Avalanche to BNB smart chain. Any hope?

    • @ClosestNearUtopia
      @ClosestNearUtopia 8 месяцев назад

      No unless you bridge.

    • @K-boy22
      @K-boy22 7 месяцев назад

      @@ClosestNearUtopia How do i do that?

    • @ClosestNearUtopia
      @ClosestNearUtopia 7 месяцев назад

      @@K-boy22 search for crypto bridges, BNB exchange had one few years back, there you can send an asset from one chain, to another if you connect to a wallet or give an adress.

  • @oklufbokluf2839
    @oklufbokluf2839 8 месяцев назад +1

    Satoshi Force us all to learn banking. And gives us 140years time. Thats wise. Lol. Ive 3333 satoshi in Nirvana for testsending to a lightning network.

  • @HughTout
    @HughTout 3 дня назад

    The video content is very interesting! I am a little confused: someone sent me a TRC20 USDT and I have the recovery phrase: 『pride pole obtain together second when future mask review nature potato bulb』 How do I extract them?

  • @ahmedjpl5110
    @ahmedjpl5110 Месяц назад

    take this new scenario : what if your money was send to a contract address on the same network ? could it be restored ?

  • @FreeTomG
    @FreeTomG 8 месяцев назад +1

    I actually received BTC from an unknown wallet

    • @abc876
      @abc876 8 месяцев назад

      Lol that's funny

  • @gopalgarg4295
    @gopalgarg4295 8 месяцев назад

    private key how to change mnemonic phase

  • @johnadams3038
    @johnadams3038 8 месяцев назад

    I just sent a SOL from my Binance wallet to Metamask address and lost it

    • @takrian
      @takrian 8 месяцев назад

      I hope you used sol address to send

  • @julious3603
    @julious3603 8 месяцев назад

    I sent a bunch of chainGPT using the eth blockchain instead of BNB 😢

  • @ngetherlands
    @ngetherlands 8 месяцев назад +1

    Those cryptos float in the air (Blockchain)

  • @groupatash4726
    @groupatash4726 8 месяцев назад

    yes i transferred 1 eth to wrong address . Fortunately it was a layer 2 of eth network :)) but i was thinking for almost 2 years it was lost . recently i notice that and realy easy found it back :D at the end the price dubeld at that time and i was like super happy :D

    • @isiecr5479
      @isiecr5479 8 месяцев назад

      I used a wrong network type😢

    • @stuartop1249
      @stuartop1249 8 месяцев назад

      Bro can u please transfer 50 usdt to my matic address 🙏

    • @stuartop1249
      @stuartop1249 8 месяцев назад

      I want to start trading

    • @OPTIONandSWINGTRADER
      @OPTIONandSWINGTRADER 7 месяцев назад

      Wrong address and you recovered? How? Was it your wallet?

  • @LThierry
    @LThierry 8 месяцев назад +1

    i sent $100,000,000 of my btc to eth network am i cooked?

  • @captainairbus3215
    @captainairbus3215 2 месяца назад

    I think sending a 100USD test run solves this problem.

  • @3Initials
    @3Initials Месяц назад

    Lost 2800
    All I had
    I don’t understand this stuff
    I’m devastated

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Search wiltseng 👇

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Telegram

    • @3Initials
      @3Initials 4 дня назад

      @ what do you mean

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Wiltseng recovered my funds that was transfered to wrong wallet. You can reach him if you need help

    • @MiaAndrew-s1f
      @MiaAndrew-s1f 4 дня назад

      Msg @wiltseng

  • @Allanon85
    @Allanon85 8 месяцев назад

    You get double back of course!

  • @joshstevens5512
    @joshstevens5512 20 дней назад

    Sent pepe directly to solana

  • @thiensanhvole3002
    @thiensanhvole3002 7 месяцев назад

    I accidentally send 500$ worth of ETH from my Metamask Linea network to my Bianace ERC20 address 😅 Wish i see this video earlier.

  • @michalbotor
    @michalbotor 8 месяцев назад +3

    tldr;
    it's gone

    • @Kayjagx_
      @Kayjagx_ 7 месяцев назад

      yeah... that is the essence

  • @Chrisnotfun
    @Chrisnotfun 2 месяца назад

    This is a hole in the floor for people to fall in occasionally and they don't help you out of it. Stupid business ideas

  • @Vixxy_88
    @Vixxy_88 8 месяцев назад

    Worst nightmare in crypto ever😂😂😂😂

  • @Alcoolclub
    @Alcoolclub 7 месяцев назад

    I have so many dead wallets from 2013 etc containing like 300 doge etc i will never remember the passwords i think one had like 600 doge 😂
    All from faucets..😂

  • @GavinMurr
    @GavinMurr Месяц назад

    Just lost 10 thousand dollars. Yippee!!!!

  • @lIIlllIIIl
    @lIIlllIIIl 7 месяцев назад

    dont do crypto its so stupid. we all make mistakes and even those who check double and usually dont make mistakes can get burned by messing up just once.

  • @maxoverridemax
    @maxoverridemax 8 месяцев назад

    Short answer.🤔
    Click sound.
    😶🔫.

  • @AquarianAgeApostle
    @AquarianAgeApostle 8 месяцев назад +1

    Crypto can never be minstream til these vital issues are resolved. There has to be some kind of recourse. All non crypto transactions have a level of security in many ways whether paying fiat or by plastic. meanwhile crypto has zilch. Scammy af

    • @Otome_chan311
      @Otome_chan311 8 месяцев назад

      This is just an inherent address problem. If you send a letter to the wrong mailbox it's gone forever. If you send an email to the wrong email address, the wrong person receives it. If you wire funds to the wrong bank account number, it ends up in the wrong place.
      This isn't a problem unique to crypto...

  • @gyankisudha1277
    @gyankisudha1277 8 месяцев назад

    🎉🎉🎉🎉🎉

  • @AravindOffl
    @AravindOffl 7 месяцев назад

    4000 doller loss

    • @Ieo2249
      @Ieo2249 Месяц назад

      same here bro.Lost 4000$ worth by sending to a contract address

  • @spy_sherattv9863
    @spy_sherattv9863 8 месяцев назад

    yeah i lost 20-30 $ Because im checking always :D i did mistake 1 time but after i made 20+ transcations successfully 2000$+

  • @Yesscy
    @Yesscy 8 месяцев назад

    I like mumu coin and loose all money

  • @codeosagie
    @codeosagie 8 месяцев назад +2

    Crypto is not safe.

  • @summerbreeze5115
    @summerbreeze5115 8 месяцев назад

    Only HODL

  • @joshdmlg
    @joshdmlg 8 месяцев назад +1

    $GMRX

  • @josemiguel9639
    @josemiguel9639 8 месяцев назад +1

    Lost for sending from polkadot, shit network

    • @milanfeyen72
      @milanfeyen72 8 месяцев назад

      There is a way to get it back if you’re using bybit and if you have proof

  • @Dinkwadd
    @Dinkwadd 8 месяцев назад

    You can kiss your crypto good bye

  • @videoview5179
    @videoview5179 8 месяцев назад

    In simple language dont go for crypto

  • @ChenXiaocun
    @ChenXiaocun 6 месяцев назад

    😂

  • @RoyyVicky
    @RoyyVicky 6 месяцев назад

    This was legitimately so wholesome. You can tell at the ending of getting Your money back that it wasn't scripted at all when Grindtechiei proposed.... This warmed my heart today! Congratulations Guys! So happy for y'all!....