Typo Moves $36M to the Wrong Wallet
Just one simple action might cause great consequences. Just be sure before you take any action.
Copy-paste is an easy function, but it doesn’t mean that you are doing it 100% correctly. It’s always good to check and maybe even recheck to ensure that you have done it right. Especially if you are trying to move $36million worth of tokens from one wallet to another, you better triple check. This is what happened at the beginning of May 2022.
This all came into light when a community vote was supposed to seize millions of dollars worth of JUNO tokens from a prominent investor or a whale accused of gaming a community airdrop. The seized tokens were to be sent to an address controlled by the JUNO community, but instead, it was sent to an incorrect address that nobody had access to.
Approximately 3 million tokens, valued at 35million dollars (at the time of writing), were lost, and the reason behind this was a copy-paste error.
Here at SuperOne, we are always cautious about any data we have. To ensure that we have the correct information, we urge all users to verify both an email address and telephone number after registering with SuperOne. We have initiated a One Time Password system to keep all accounts even safer, and to do this; we will need to send to either the email or telephone. Verifying both also helps us fix any problems that might arise with your account. So it is in the best interest of all users to verify both of your accounts.
We also recommend that all users keep the app up to date. For example, at the end of May 2022, all SuperOne credit will be void and will need to be changed into tokens. And users will need to have the most recent version of the app on their mobile device to do so. It is a good rule of thumb to keep all apps and programs
( not only SuperOne ) to the most recent version.
In this JUNO incident, there were over 120 validators who overlooked the wrong address pasted by the programmer. If only one of the validators had noticed the mistake, all could have been avoided. To make sure that everything it is shouldn’t take that much time and should be routinely done.
You never know at the end of the day, it might save you 3 million tokens.