Recently, the Orange Seat receives numerous inquiries daily, but as I mentioned before, most assets cannot be recovered. So today, I’m publishing a collection for you to see how those assets scattered on the blockchain, which can never be recovered, came to be.
Just now, a fan came in and said they transferred to the wrong chain. Although the amount is not much, let’s first see what the situation is.
After reading his description, I briefly explained the principles to him; unfortunately, there is really no way to recover it.
The Orange Seat has written about similar cases before, and the person involved was much worse off, with over ten million funds stuck on the chain.
How can a person be so unfortunate as to continuously chain 2 million U?
However, this scenario is quite common in real life. When transferring from exchange A to exchange B, selecting the wrong chain can lead to issues. If it's the chain supported by the deposit exchange, it can indeed be recovered (though each exchange has different mechanisms). However, if the asset is on a chain that the deposit exchange does not support, it cannot be processed at this stage.
So I can only remind you that when making transfers, it's important not only to verify the address but also to ensure that the chain is consistent.
The next case is quite tragic, with an amount of 4 million dollars, but unfortunately, there is really no way to recover it.
After losing the assets, the person found their address based on the transfer record and added it to an observation wallet, but this 4 million dollars can only be observed.
The person went out to drink with three phones but thought they only took two. After drinking, they couldn’t find the phone, which happened to be a Hong Kong SIM card, and couldn’t be reached from the mainland.
What’s worse is that the person involved did not make a backup of this wallet.
This is completely hopeless; such cases are permanently locked on the chain.
And then there are those who have been multi-signed. Over the years, many accounts have been multi-signed. Rather than saying they were multi-signed, it’s more accurate to say they were stolen; it’s just that the other party did not transfer the assets.
In this situation, it's equivalent to blindly breaking the opponent's wallet private key. The same effort could be better spent breaking Satoshi's address.
Additionally, there are some who have been scammed. This is even harder; the Orange Seat receives no fewer than five scam cases each week, but to be honest, there’s really nothing I can do.
While I was writing the article, a student asked if they could recover their lost password, but when I asked, it was only a little over 1,000 U, which is not a cost-effective case.
To put it bluntly, cracking a password for 1 million U and cracking a password for 1,000 U is not fundamentally different. I’ve been busy with this recently, so let’s put it aside for now and talk about it when I have time.
Of course, not all the inquiries received during this period are impossible. A few cases have already signed contracts and are in progress; I will inform you when there are results.
After all, if I say it out loud and then it doesn't work out, it would look bad.
In the future, the Orange Seat will also compile and release collections of cases that are lost and cannot be recovered. Smart people learn from others' lessons instead of stepping into one pit after another themselves.
I hope that articles like this can raise your security awareness and help you make fewer mistakes during operations.
But if it really is lost, you can still come to the Orange Seat.
Welcome to recommend business, the rewards are generous, let’s all get rich together.
I am the Orange Seat, the founder of Web3 Oasis and an expert in recovering crypto assets.
