Coinbase Deposit BSC Wrapped Ethereum Spooky007x
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Spooky007x attempted to deposit $1,100 worth of wrapped Ethereum from the BNB chain onto Coinbase. While the funds were sent to the provided address, they didn't show up on his account. It does not appear that the funds have ever moved, suggesting that the amount has been permanently lost.
This exchange or platform is based in United States, or the incident targeted people primarily in United States.[1][2][3][4][5]
https://bscscan.com/tokentxns?a=0x268f02f27ee0b662212c6dee9c5b1063d7d28637&p=11
https://bscscan.com/address/0xc590175e458b83680867afd273527ff58f74c02b#tokentxns
About Coinbase
"Back about 54 days ago i was on pancake swap i had 1100 worth of bnb i then swap it for eth and then sent it over to Coinbase of course it never showed here is the tx hash is there anyway of speeding up this transaction?"
"If u sent eth in bep 20, its gone. Coinbase is erc 20. Coinbase does not support bep 20 tokens. I can tell already its bsc scan link. U needed to use binance bridge to convert eth bep 20 to eth erc 20."
"That is not the case. Unfortunately you didn’t do your research and don’t understand how the different networks function. Some people want to stake their ETH on bep20 yield farms because they have higher apy. Don’t play around with your money if you don’t understand what you’re doing. And always send test transactions. Sorry for your loss. Expensive lesson."
"You need to contact coinbase. Bep20 doesn't show up on erc20 wallets but it's not destroyed. It's just under bep20 label. So coinbase would have to help you to retrieve it."
"Future tip. Always send a small amount to ensure safe arrival then ship the rest after confirming the deposit."
"Pancake swap is a big pile of confusing horse[poo. I've] been doing crypto for 5 years [and] have no problems with other exchange sites[. P]ancake swap confuses people and most tokens on that site are scams[. I]f crypto is going anywhere there should be a way that when a simple mistake like that is made you should be able to cancel it by not being able to cancel it the mi[n]ers are the ones ripping people off with their ridiculous fees."
This exchange or platform is based in United States, or the incident targeted people primarily in United States.
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.
| Date | Event | Description |
|---|---|---|
| May 8th, 2021 1:16:41 AM MDT | Swap To Wrapped Ethereum | Spooky007x swaps his BNB to wrapped Ethereum on BSC. |
| May 8th, 2021 1:20:29 AM MDT | Deposit To Coinbase | Spooky007x sends the wrapped Ethereum to their Coinbase wallet. |
| July 1st, 2021 7:19:14 PM MDT | Reddit Post | Spooky007x posts on Reddit to get help. |
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
The total amount lost has been estimated at $2,000 USD.
How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
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
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?
Ongoing Developments
What parts of this case are still remaining to be concluded?
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ BetItAllJonny comments on CAN SOMEONE HELP ME (Oct 2, 2022)
- ↑ CAN SOMEONE HELP ME : Metamask (May 18, 2023)
- ↑ Spooky007x Swaps To Wrapped Ethereum - BscScan (May 18, 2023)
- ↑ Spooky007x's Deposit of Wrapped Ethereum to Coinbase - BscScan (May 18, 2023)
- ↑ Spooky007x's Coinbase Deposit Address - BscScan (May 18, 2023)