Recently saw 2 mistakes in on-chain transfer operations,
resulting in huge losses, regretting it is too late,
Wallet usage and on-chain transfers have thresholds,
Improper operations can lead to massive losses,
and there is no way to recover anything.


A player was transferring to someone else,
Originally meant to transfer 22000u, but accidentally added an extra zero, transferring 220000u,
After the transfer was successful, there is no way to recover it,
The recipient is overseas,
Faced with a windfall, it may not necessarily be returned,
Now unable to contact the other party, unable to intercept or recover,
There are no effective methods at all,
If the other party doesn't proactively refund, you can only count yourself unlucky.
This lesson is worth over 1.3 million RMB.

There’s another player who, during a transfer operation,
first made a small transfer, and it went through successfully.
The second time they entered 60000u,
not checking carefully, they selected the address from their most recent transfer,
but the funds didn’t arrive in the recipient's wallet for a long time.
After double-checking, they realized it wasn’t the address from the first transfer,
but the address they had sent to someone else previously.
Luckily, the owner of that address was someone they knew,
and the other party was trustworthy, returning the 60000u.
That was a close call,
avoiding a loss of 400,000 yuan.
if the other party doesn't return it, there's nothing you can do.

Blockchain is decentralized and anonymous,
Entering the wrong address or transferring on the wrong network leaves almost no recourse.
if the other party is someone you know,
Whether it can be returned depends on the other person's character and their financial situation at the moment.
Returning it is their conscience; if they don’t, it’s the tuition fee you have to pay.
You can't blame others.
The operator has to take responsibility for their own mistakes.

When transferring on-chain, also be mindful to select the corresponding network.
For example, if transferring out from the ETH network, it can only be received on the ETH network.
Other networks like TRON, SOL won’t receive it.
The networks for sending and receiving must match.
There are numerous public chains and Layer 2 solutions,
like the common BTC, ETH, BSC, TRX, APT, ARB, TON, etc.
If you transfer on the wrong network,
your wallet might still export other networks.
The platform's address might not necessarily provide assistance.

On-chain usage still requires the corresponding network token for GAS.
If you don't have the corresponding token, the wallet won't work either;
If you transfer on the wrong network, you'll need to cross-chain, using a cross-chain platform.
There are thresholds for operations and you'll also have to bear transaction fees;
When downloading wallet apps, make sure to download from official channels.
Don’t leak your wallet recovery phrases and such.
your key, your money
Keep your wallet recovery phrases safe; that's how you safeguard your wallet assets.
First, learn how to use the wallet.
Avoid regretting when you end up paying tuition fees.
On-chain transfers, at the moment of confirmation, there's no turning back.
Be extremely cautious when sending out!
#加密钱包 #助记词