Home » Link Marine offering a reward for Costly Mistake

Link Marine offering a reward for Costly Mistake

by Natalie Christie
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Accidents and goof-ups in the digital assets world can be exceedingly horrendous for some users, where they end up losing lots of money.

A Link Marine lost more than 4,005 LINK tokens accidentally to a smart contract Aavegotchi that does not host the operations for the token, thereby resulting in a loss of more than $53,000.

LINK marine lost $53000 in accidental transaction

The user dawidkabani13 lost around $53,200 as he mistakenly sent 4005 Chainlink tokens to a non-supportive smart contract. Since the receiving smart contract is immutable, he is unable to get his funds back. So, the user resorted to seeking help from the crypto experts and offering a reward of around $13000 in 1000 Link tokens. 

David noted that he is recovering from a terrible loss, and he lost all his life savings due to a small mistake. He sought help from the community, and some people suggested that adding a Link Sidechain may help him recover his savings.  David asked for help on GitHub, stating that he would offer 1000 LINK tokens to someone who would help him get his savings back.

https://twitter.com/D13Kabani/status/1339217247232024576?s=20

The GHST staking smart contract creator Nick Mudge accepted that the smart chain is immutable. The fellow users on Github responded with suggestions and empathy towards the loss stating that funds are difficult to recover. A member of the community cameel said that the Chainlink must ideally “return the tokens if it was designed for such eventualities.” He also suggested several ways to recover the funds, like the Aavegotchi contract return the funds to him.

The smart contract creator Nick Mudge tagged Vitalik Buterin in a Twitter post asking him to help Dawid recover his funds by hard forking and reversing the transaction. Dawid also took to Twitter and asked Vitalik Buterin to help him as he lost all his life savings due to an oversight. Aavegotchi also took note of the situation and said that there is a technical challenge in reversing the transaction. They set a donation page to help the Link marine so that he has some funds before the festive season. He received around 1200 ETHER coins as a donation.

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

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