🚨Attention! Cryptocurrency development platform Gitcoin has

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🚨Attention! Cryptocurrency development platform Gitcoin has lost approximately $460,000 in GTC tokens after mistakenly sending them to an unrecoverable contract address 😱. The GTC transfer from the treasury was supposed to go toward a budget proposal for merchandise, memes, and marketing, but ended up in a GTC token contract. In total, 521,440 GTC tokens were lost in this bug. The Gitcoin team has shared plans to prevent this from happening again and create greater liability in the event of another incident. What do you think of this error? Comment below! 💬 Meanwhile, GTC price has fallen 1.1% in the last 24 hours and is trading at $0.889 at the time of writing. Additionally, the token is down 99% from its May 2021 all-time high of $89.62, according to CoinGecko.

🚨Attention! Cryptocurrency development platform Gitcoin has lost approximately $460,000 in GTC tokens after mistakenly sending them to an unrecoverable contract address 😱. The GTC transfer from the treasury was supposed to go toward a budget proposal for merchandise, memes, and marketing, but ended up in a GTC token contract.
In total, 521,440 GTC tokens were lost in this bug. The Gitcoin team has shared plans to prevent this from happening again and create greater liability in the event of another incident.
What do you think of this error? Comment below! 💬
Meanwhile, GTC price has fallen 1.1% in the last 24 hours and is trading at $0.889 at the time of writing. Additionally, the token is down 99% from its May 2021 all-time high of $89.62, according to CoinGecko.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.