Coinbase, one of the world’s largest cryptocurrency exchanges based in the USA, introduced a tool to its customers that allows to recover unidentified Ethereum network (ERC-20) tokens sent to the wrong network.
Coinbase announced on December 15 that the loss ERC-20 announced that they are preparing to launch the recovery tool they prepared for their tokens. Ethereum (ETH) on the blockchain 4,000 different tokens This tool, designed for recovery, was launched as a part of user-oriented steps.
Coinbase VP of engineering will Robinson In a statement to TechCrunch, he made the following statements on the subject:
For customers sending their ERC-20 tokens to the Coinbase recipient address, this was a point of trouble. When people accidentally sent these assets, they got stuck in the system somehow.
This new feature is expected to be available in a few weeks. According to the description, this feature Transactions greater than $100 It is planned to receive 5% commission from investors who use it for However, a separate transaction fee will be charged for each recovery action.
Before the vehicle is put into use, unsupported ERC-20 tokens Customers sending to a Coinbase address will be notified that the funds have been delivered. was receiving a notification stating. However, these are not actually sent to the recipient’s wallets and are almost was hanging in limbo. This situation allows users to use their tokens and cause it to lose its associated funds was happening.