Crypto Dev Enters Wrong Command, Destroys Entire Company

📆 9/20/2022 4:01 AM
📰 futurism

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'We sincerely apologize...'

— that perfectly illustrates the risks of carrying out financial transactions without any intermediary authorities.

On August 29, the company says one of its developers was trying to update the program on the Solana blockchain and accidentally used a command that shutting the whole thing down in one fell swoop. That means over half a million dollars worth of USDC are now "not recoverable at the moment of writing," according to the blog post."We immediately searched the relevant topic on Solana discord, and also asked a core dev from Solana," the post reads, "but the answers we got are overwhelmingly indicating that we are unable to re-deploy our program to the previous program ID... anymore.

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