Uniswap Tokens Stuck Forever - Revision history

Azoundria at 18:50, 2 May 2023

2023-05-02T18:50:44Z

← Older revision		Revision as of 12:50, 2 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	[[File:Uniswap.jpg\|thumb\|Uniswap]]Over $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible.		[[File:Uniswap.jpg\|thumb\|Uniswap]]Over $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.<ref name="amanusktwitter-8736" /><ref name="ethereumstackexchange-8737" /><ref name="etherscan-8738" /><ref name="cryptopotato-6840" /><ref name="coinmonksmedium-1086" /><ref name="uniswap-8739" /><ref name="amanusktwitter-8750" />
	<ref name="amanusktwitter-8736" /><ref name="ethereumstackexchange-8737" /><ref name="etherscan-8738" /><ref name="cryptopotato-6840" /><ref name="coinmonksmedium-1086" /><ref name="uniswap-8739" /><ref name="amanusktwitter-8750" />

	== About Uniswap ==		== About Uniswap ==
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	!Description		!Description
	\|-		\|-
	\|February 9th, 2021 1:10:00 PM		\|February 9th, 2021 1:10:00 PM MST
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			Platforms with smart contract should implement a function which allows tokens sent to the smart contract to be returned or distributed to a team multi-sig wallet.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Platforms with smart contract should implement a function which allows tokens sent to the smart contract to be returned or distributed to a team multi-sig wallet.~~

	== References ==		== References ==
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	<ref name="cryptopotato-6840">[https://cryptopotato.com/uniswap-launches-its-dedicated-uni-token-eth-gas-prices-soar-again/ Uniswap Launches Its Dedicated UNI Token: ETH Gas Prices Soar Again] (Mar 5, 2022)</ref>		<ref name="cryptopotato-6840">[https://cryptopotato.com/uniswap-launches-its-dedicated-uni-token-eth-gas-prices-soar-again/ Uniswap Launches Its Dedicated UNI Token: ETH Gas Prices Soar Again] (Mar 5, 2022)</ref>

	<ref name="coinmonksmedium-1086">[https://medium.com/coinmonks/how-does-uniswap-work-75765c4640e0 How Does Uniswap Work] (Jun 4, 2021)</ref>		<ref name="coinmonksmedium-1086">[https://medium.com/coinmonks/how-does-uniswap-work-75765c4640e0 How Does Uniswap Work] (Jun 5, 2021)</ref>

	<ref name="uniswap-8739">[https://uniswap.org/ Home \| Uniswap Protocol] (Jul 24, 2022)</ref>		<ref name="uniswap-8739">[https://uniswap.org/ Home \| Uniswap Protocol] (Jul 24, 2022)</ref>

	<ref name="amanusktwitter-8750">[https://twitter.com/amanusk_/status/1307062596844113920 @amanusk_ Twitter] (Jul 24, 2022)</ref></references>		<ref name="amanusktwitter-8750">[https://twitter.com/amanusk_/status/1307062596844113920 @amanusk_ Twitter] (Jul 24, 2022)</ref></references>

Azoundria at 17:51, 17 February 2023

2023-02-17T17:51:57Z

← Older revision		Revision as of 11:51, 17 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}}
			{{Unattributed Citations}}

	[[File:Uniswap.jpg\|thumb\|Uniswap]]Over $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible.		[[File:Uniswap.jpg\|thumb\|Uniswap]]Over $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible.

	This is a global/international case not involving a specific country.		This is a global/international case not involving a specific country.
			<ref name="amanusktwitter-8736" /><ref name="ethereumstackexchange-8737" /><ref name="etherscan-8738" /><ref name="cryptopotato-6840" /><ref name="coinmonksmedium-1086" /><ref name="uniswap-8739" /><ref name="amanusktwitter-8750" />

	== About Uniswap ==		== About Uniswap ==
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|February 9th, 2021 1:10:00 PM		\|February 9th, 2021 1:10:00 PM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $1,400,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
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	== References ==		== References ==
	[https://twitter.com/amanusk_/status/1359233111113035778 @amanusk_ Twitter] (Jun 26)		<references><ref name="amanusktwitter-8736">[https://twitter.com/amanusk_/status/1359233111113035778 @amanusk_ Twitter] (Jun 26, 2022)</ref>

	[https://ethereum.stackexchange.com/questions/34559/i-accidentally-sent-a-token-to-a-token-contract-can-i-get-it-back wallet transfer - I accidentally sent a token to a token contract. Can I get it back? - Ethereum Stack Exchange] (Jul 24)		<ref name="ethereumstackexchange-8737">[https://ethereum.stackexchange.com/questions/34559/i-accidentally-sent-a-token-to-a-token-contract-can-i-get-it-back wallet transfer - I accidentally sent a token to a token contract. Can I get it back? - Ethereum Stack Exchange] (Jul 24, 2022)</ref>

	[https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984] (Jul 24)		<ref name="etherscan-8738">[https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984] (Jul 24, 2022)</ref>

	[https://cryptopotato.com/uniswap-launches-its-dedicated-uni-token-eth-gas-prices-soar-again/ Uniswap Launches Its Dedicated UNI Token: ETH Gas Prices Soar Again] (Mar 5)		<ref name="cryptopotato-6840">[https://cryptopotato.com/uniswap-launches-its-dedicated-uni-token-eth-gas-prices-soar-again/ Uniswap Launches Its Dedicated UNI Token: ETH Gas Prices Soar Again] (Mar 5, 2022)</ref>

	[https://medium.com/coinmonks/how-does-uniswap-work-75765c4640e0 How Does Uniswap Work] (Jun 4)		<ref name="coinmonksmedium-1086">[https://medium.com/coinmonks/how-does-uniswap-work-75765c4640e0 How Does Uniswap Work] (Jun 4, 2021)</ref>

	[https://uniswap.org/ Home \| Uniswap Protocol] (Jul 24)		<ref name="uniswap-8739">[https://uniswap.org/ Home \| Uniswap Protocol] (Jul 24, 2022)</ref>

	[https://twitter.com/amanusk_/status/1307062596844113920 @amanusk_ Twitter] (Jul 24)		<ref name="amanusktwitter-8750">[https://twitter.com/amanusk_/status/1307062596844113920 @amanusk_ Twitter] (Jul 24, 2022)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}} UniswapOver $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible. This is a global/international case not involving a specific country...."

2023-01-25T19:48:46Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}} thumb|UniswapOver $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible. This is a global/international case not involving a specific country...."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/uniswaptokensstuckforever.php}}

[[File:Uniswap.jpg|thumb|Uniswap]]Over $1.4m worth of Uniswap $UNI tokens have been "generously donated" to the smart contract address of Uniswap. These tokens are irretrievable, since no smart contract function to retrieve them has been implemented and blockchain transactions are irreversible.

This is a global/international case not involving a specific country.

== About Uniswap ==
"Swap, earn, and build on the leading decentralized crypto trading protocol." "Uniswap is an Ethereum exchange, built using smart contracts and liquidity pools, as opposed to the order book of a traditional centralized exchange (CEX), such as Binance. With any Ethereum wallet, users can simply connect to the Uniswap application and effortlessly exchange ERC20 tokens without first sending them to the exchange platform account."

"[T]he development of Uniswap was facilitated by Vitalik Buterin’s idea for a decentralized exchange (DEX), which would involve an automated market maker. Actually, the protocol developer himself, Hayden Adams, at first tried to just practice development on Solidity, and later this hobby brought him several grants and $100 000 from the Ethereum Foundation. Now the project went far beyond just entertainment and became one of the most important components of the entire DeFi industry."

"[T]he popular decentralized token swap platform launched its long-anticipated native token called UNI. The announcement was accompanied by news that Uniswap will airdrop 15% of UNI’s total supply to users who had used it before September 1st. Naturally, this free token rush raised the community’s attention rather rapidly."

"There are now ~71K $UNI (worth ~$1.4mm) tokens sent to the $UNI contract by ~250 claimers that will forever be stuck there. RIP."

"If you sent a token to a contract address there’s no way to get them back even if the contract’s owner wanted. Unless said contract that received the tokens had implemented a function that allows it to transfer received tokens, they are lost and stuck."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - Uniswap Tokens Stuck Forever
!Date
!Event
!Description
|-
|February 9th, 2021 1:10:00 PM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
Platforms with smart contract should implement a function which allows tokens sent to the smart contract to be returned or distributed to a team multi-sig wallet.

== References ==
[https://twitter.com/amanusk_/status/1359233111113035778 @amanusk_ Twitter] (Jun 26)

[https://ethereum.stackexchange.com/questions/34559/i-accidentally-sent-a-token-to-a-token-contract-can-i-get-it-back wallet transfer - I accidentally sent a token to a token contract. Can I get it back? - Ethereum Stack Exchange] (Jul 24)

[https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984 https://etherscan.io/address/0x1f9840a85d5af5bf1d1762f925bdaddc4201f984] (Jul 24)

[https://cryptopotato.com/uniswap-launches-its-dedicated-uni-token-eth-gas-prices-soar-again/ Uniswap Launches Its Dedicated UNI Token: ETH Gas Prices Soar Again] (Mar 5)

[https://medium.com/coinmonks/how-does-uniswap-work-75765c4640e0 How Does Uniswap Work] (Jun 4)

[https://uniswap.org/ Home | Uniswap Protocol] (Jul 24)

[https://twitter.com/amanusk_/status/1307062596844113920 @amanusk_ Twitter] (Jul 24)