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Users Losing USDC Due to Bad UX, Circle Has Recovery Ability but Won't Act | Flash News Detail | Blockchain.News
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9/17/2024 6:42:15 AM

Users Losing USDC Due to Bad UX, Circle Has Recovery Ability but Won't Act

Users Losing USDC Due to Bad UX, Circle Has Recovery Ability but Won't Act

According to @zachxbt, a significant number of users have mistakenly transferred USDC to contract addresses across various blockchains due to poor user experience (UX) within the ecosystem. Although this is largely the user's fault, Circle, the issuer of USDC, has the capability within their contract to return the misplaced funds to the rightful owners but has chosen not to take action.

Source

ZachXBT

@zachxbt

ZachXBT is an Pseudonymous independent on-chain sleuth who is popular on revealing bad actors and scams in the crypto space