A user mistakenly sent 4,005 LINK cryptocurrencies (currently worth about $52,000) to a smart contract belonging to the decentralized finance game “Aavegotchi,” the user wrote yesterday on github.

Unfortunately for this user, the contract does not support the digital currency and so his money is lost forever.

Aavegotchi developer Pixelcraft confirmed the matter yesterday, noting that @D13Kabani, a father of two and an Aavegotchi enthusiast, made the mistake that every cryptocurrency user fears.

According to the post, Dawid mistakenly sent the majority of his cryptocurrency savings to the GHST contract he had previously dealt with, rather than depositing them with Binance.

The developers added that since there is no possibility of backtracking in the crypto world, the user’s ‘LINK’ cryptocurrency is now stuck and held in an un-upgradable GHST, thus immutable forever.

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However, Aavegotchi decided to help the user by creating a special “SantaGotchi” wallet so that other crypto enthusiasts could donate to him.

On December 25th, Aavegotchi will transfer all deposited funds to the user who has lost money.

So far, users have donated $1,170 worth of Ethereum.

clearer Mike Mudge — creator of the Ethereum Diamond solution (which is now used by the Aavegotchi smart contract) and also a leading Solidity developer at Pixelcraft — said the Ethereum ERC-20 standard is prone to misuse like this, adding:

This is a problem with the ERC20 standard.

It does not provide a way to verify that a contract can accept ERC-20 coins.

Some other token standards provide some protection against this.

Mudge cited two Ethereum improvement proposals, ERC-777 and ERC-223.

The former prevents receiving funds that it does not support while the latter is ERC-20 compliant and was created specifically to prevent users from losing funds due to errors.

User errors continue to occur regularly.

In late October someone sent 28,050 AAVE cryptocurrency valued at about $1.1 million at the time to the wrong address, resulting in an irreversible loss of his funds.

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The world of crypto is a scary world in which there is no room for error, so make sure more than once before making any transfer, and that your mind and awareness are always present in the transfers of encrypted digital currencies.

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