{"id":170894,"date":"2023-10-09T17:54:21","date_gmt":"2023-10-09T12:24:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=170894"},"modified":"2023-10-09T17:54:21","modified_gmt":"2023-10-09T12:24:21","slug":"gitcoin-error-sends-us460000-to-digital-void-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gitcoin-error-sends-us460000-to-digital-void-crypto-news\/","title":{"rendered":"Gitcoin error sends US$460,000 to digital void &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/blockchain-crowdfunding-mutually-beneficial-technology-pavel-matveev-wirex\/\">Crowdfunding<\/a> platform Gitcoin\u2019s project lead Jonathan Miller said he accidentally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.gitcoin.co\/t\/incident-regarding-mistransferred-treasury-funds\/16683\">sent<\/a> approximately US$460,000 worth of Gitcoin tokens (GTC) to an unrecoverable contract address.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/doj-seeks-block-bankman-fried-bringing-up-anthropic-fundraise-court\/\">DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Forkast<\/h3>\n<ul>\n<li>Miller said 521,440 GTC tokens from the treasury were initially meant to be sent to a multi-signature wallet for a merchandise, memes and marketing budget proposal.<\/li>\n<\/ul>\n<ul>\n<li>Instead, Miller said the funds were mistakenly sent to the GTC token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/etherscan.io\/tx\/0x771abc60d4e73e1e9f16f3b37d66335cb9a40be80e0cc15f19c6272d55563b7e\">contract<\/a>, making the funds unrecoverable. Five large token holders signed the proposal.<\/li>\n<\/ul>\n<ul>\n<li>Gitcoin developers were contacted to explore withdrawal possibilities but said that the funds were now unrecoverable.<\/li>\n<\/ul>\n<ul>\n<li>An incident <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/gov.gitcoin.co\/t\/incident-regarding-mistransferred-treasury-funds\/16683\">report<\/a> said the team will implement additional safeguards to avoid similar instances in the future, including adding a wallet address for proposal snapshots that include transfers of funds.<\/li>\n<\/ul>\n<ul>\n<li>GTC price fell 2.07% in the 24 hours leading up to 6:40 in Hong Kong, to trade at US$0.8684. The coin was trading around the US$0.90 mark when the erroneous transfer occurred.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/video-audio\/sbf-trial-singapore-crypto-licenses\/\">SBF trial kicks off, Singapore gives crypto licenses as blockchain data comes to rescue<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crowdfunding platform Gitcoin\u2019s project lead Jonathan Miller said he accidentally sent approximately US$460,000 worth of Gitcoin tokens (GTC) to an unrecoverable contract address. See related article: DOJ seeks to block Bankman-Fried from bringing up Anthropic fundraise in court Fast Forkast Miller said 521,440 GTC tokens from the treasury were initially meant to be sent to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":77584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-170894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=170894"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170894\/revisions"}],"predecessor-version":[{"id":170895,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170894\/revisions\/170895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/77584"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=170894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=170894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=170894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}