Samaritan developer returns $500,000 worth of Ethereum to rightful owner

Drew Stone, a developer working on Edgeware, returned 2000 ETH to its rightful owner after the funds were mistakenly sent to the wrong smart contract on the Ethereum Mainnet.

Almost half a million dollars lost their way on the Ethereum Mainnet.

Edgeware developer Stone returned almost $500,000 worth of ether to its rightful owner.

According to his Twitter feed, he did it by using an esoteric system designed by Ethereum developers.

The transaction happened on the Ethereum Mainnet instead of the Polkadot ecosystem.

This allowed me to create a Lockdrop Recovery contract at the same address as the above due to how Ethereum contract addresses are computed.

Drew June 4, 2019.An honest mistake could have cost the user 2000 ETH. A recovery contract was instantiated with the sole goal of letting the owner of the 2000 ETH recover this cryptocurrency, Stone said in a tweet, adding that it was a very stressful ordeal.

It turned out that the user didn't change his target key when testing the Edgeware Lockdrop, which resulted in the funds being sent on the Ethereum Mainnet.

The mistake stemmed from the user not checking the address he had copy pasted into MyCrypto.

A user lost $400,000 paying over 17,000 times the market price of a token by pressing "Market Buy" on Binance earlier in May, while another trader paid almost $100,000 for a single litecoin the same week.