User lost 28 050 AAVE after they are sent to the smart contract address

The user mistakenly sent AAVE tokens worth $1.1 MLN to the Smart-Contract Token. Now these tokens are blocked in the blockchain and they cannot be returned.

Cryptocurrency enthusiasts found an erroneous transaction on 28 050 Project tokens decentralized finance (DeFi) AAVE costly $1.1 million, which led to their irrevocable loss due to an error in the recipient's address.

According to Etherscan, The transaction was carried out again 3 October, but remained unnoticed until this week. The transaction was discovered by the Tokenoops service, which tracks ERC20 tokens, Submitted to the address of the ERC20 token smart contract ", after which they cannot be returned.

For some reason the sender 28 050 AAVE did not pay attention, that he transfers tokens not to his wallet, A to the AAVE Token Address Address. As a result of crypto assets worth more than $1 Milln remained blocked in the blockchain.

“The key moment here was, that AAVE was transferred to the address of the contract itself, and not on another account ", – explained
Architect of corporate decisions in the Federal Reserve Bank Chicago Cheze Wright (Chase Wright). "This is similar to sending a letter to the address of the post office instead of the address of another person".

According to Tokenoops, Such erroneous transactions often occur, however, usually the amount sent is much less. Moreover, not all such transactions are made by mistake. Some users deliberately send a small number of crypto assets to inactive or inaccessible addresses, eg, Bitcoin Genesis, as a tribute to the technology or to indicate your position on some issue.

The user who sent an erroneous transaction has a small chance of compensation. Several members of the AAVE community proposed
Return tokens to the injured user.

The problem sent to incorrect addresses of crypto assets is relevant for the entire community. In June, the Israeli startup Kirobo developed
technology, which allows you to return bitcoins, By error sent to incorrect addresses, But for this you need a special transaction format. Besides, In May of this year, the Ethereum community discussed the possibility of creating a decentralized autonomous organization (DAO) for return ETH, sent to the wrong addresses.

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