Users accidentally burned $75,000, according to Lookonchain, a platform that monitors user behavior on Cryptocurrency Networks. This happened on July 13th at Solana Red. This can now be checked through Solsan, a block explorer.
Looking at the address of 4x43dmyrtzlcyv2yrhc8vateqb5btl6jx7ldtzfz47a, in fact, in fact, Its owner transports a pump of 10,000,000 tokens to the burning address. User actions interacted with the “burn” function of the Solana Token 2022 program contract, causing a decisive loss of nearly $75,000.
This contract with the combustion function being exercised is associated with a BPF upgradeable loader account. Its main function is to manage the implementation, update and execution of programs (intelligent contracts) on the network.
A user named CrazyTextV3 from X conducted the investigation by connecting a user profile on the Internet with a hash of a combustion transaction and revealing the token’s burning head. Meanwhile, the responsible person He admitted on his social account that he accidentally carried out the burn.
I accidentally burned $75,000 with the pump. Some CT (Crypto Twitter) colleagues are creating engagement and scaming in the direction of my wallet (…). I was using the Axiom Exchange Tokens Burning Function to just destroy some illicit currency when I burned a random pump. I didn’t notice until I saw myself on the damn news that night. But don’t worry, I’m not too upset, I won’t make the same mistake next time either.
Cryptocharming1, Network X users.
As reported by Cryptootics, Pump token. The fun was raised 500 million in 12 minutes. On July 12th, he executed an initial offer for Pump Cryptocurrency Coin (ICO). These types of launches have risks such as:Pumps & Dumps«Imposed by privileged insiders who have access to tokens in private rounds, they are also recognized as a bounty blow to the right time and lucky investors on the site.
It is common to receive unknown and potentially fraudulent tokens in Solana and Ethereum wallets. But investigating is never painful If these are really quoted in the marketthey have fluidity and if the projects that promote them have a commendable mission and purpose, they can burn or forget about them completely.
