It appears either the lack of understanding of smart contract technology or a human error led to a half-million-dollar mistake. (Reporting via Bio_Chameleon)
) to conform to the ERC-20 token standard so that it can be traded directly with altcoins minted on the Ethereum blockchain.
To wrap Ether, users first send ETH to the wETH smart contract address and receive an equivalent token in return. However, to unwrap wETH, users must either swap for ETH on a decentralized exchange like Uniswap , or call the withdrawal function in the wETH smart contract. Instead, the anonymous Reddit user sent the wETH directly back into the wETH smart contract address in the hopes of receiving ETH back.
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