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102 sats \ 2 replies \ @SimpleStacker 20 Nov \ on: How Crypto Could Trigger the Next Financial Crisis - David Frum econ
In 2024, a Texas-based pharmaceutical CEO tried to move some stablecoins to another user, but made a single-digit transcribing error—and misdirected his entire holdings, worth about $1 million.
Wait, doesn't the checksum prevent this from happening?
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0 sats \ 1 reply \ @Scoresby OP 20 Nov
Yes, we all of us are confused at how this could have happened. Apparently there is a lawsuit. Protos has some coverage here: https://archive.is/31I3i
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0 sats \ 0 replies \ @SimpleStacker 20 Nov
lol, copy and paste from PDF is dangerous!! but it still smells fishy
i don't know anything about USDC, but on bitcoin a single digit change in the address should result in an invalid address.
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