Costly Mistake Leads to Locked Funds
A crypto user mistakenly sent $25 million in Renzo restaked ether tokens to the wrong address, locking the funds in a "safe module" instead of the intended safe wallet. The user, seeking help on social media, has offered a $2.5 million reward to any hacker or white hat able to recover the funds.
Contract Upgrade Could Be the Only Solution
The locked funds highlight the complexities of crypto transactions, where a simple copy-and-paste error can lead to massive losses. DeFi experts, including the DefiLlama founder, have suggested that the only solution may be for Renzo to upgrade its smart contract with a function to retrieve the lost funds.
Community Response
The incident has garnered attention and sympathy from the crypto community, with industry figures discussing similar near-miss experiences. Renzo has yet to respond, leaving the user’s recovery efforts uncertain.
