Trader Loses 31.22 ETH Due to PulseChain Wallet Glitch
- An unnamed trader lost 31.22 ETH on PulseChain due to a wallet glitch.
- The loss amounts to over $112,745.
- No official response from PulseChain leadership yet.
A trader on PulseChain recently lost 31.22 ETH, valued at approximately $112,745, due to a wallet “glitch” that overcharged gas fees.
The incident underlines concerns over platform reliability, affecting trader confidence without prompting official responses from PulseChain founder Richard Heart. “No official comment from PulseChain leadership or core developers as of now.”
Wallet Glitch Hits Trader for Over $112,745
The loss was publicized through an on-chain message by the affected trader, indicating a wallet transaction mishap on PulseChain. No response from Richard Heart or developers has been issued. PulseChain’s official communication channels have yet to address the specific glitch affecting the wallet.
Crypto Community Reacts to Isolated Wallet Glitch
The incident has caught the attention of the crypto community, with discussions brewing on forums about wallet security.
No direct institutional impact has been observed, suggesting the issue remains isolated to this trader. Financially, the loss appears minor when compared to broader market metrics, but it highlights the need for robust tech safeguards.
Past Wallet Glitches Draw Parallel to PulseChain Incident
Similar events have occurred in the past, with the Parity Wallet Freeze incident in 2017 being a notable example. These types of glitches often occur due to software vulnerabilities. If not addressed, such glitches could lead to increased scrutiny of PulseChain’s security features and wallet infrastructure reliability.
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