Gitcoin Loses Over $460,000 in GTC Tokens Due to Transfer Error

Gitcoin, a platform that supports Web3 developers, recently experienced a significant loss of more than $460,000 in its crypto tokens, known as GTC. The loss occurred due to an accidental transfer of GTC tokens to an inaccessible contract address. On October 6, CoachJonathan, who leads the Gitcoin project, provided an explanation of the error on the Gitcoin governance forum. He clarified that the intended purpose of the GTC transfer from the companys treasury was to allocate funds for initiatives related to merchandise, memes, and marketing. However, the transfer was mistakenly directed to...

source: https://tokenpost.com/Crypto-Mistake-Sees-Gitcoin-Losing-Over-460000-Due-to-Faulty-Address-Transfer-10795

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