Blockchain-built smart contracts have it's flaws in determining who's address an executed transaction is going to, for example, if I'm sending BTC to Mr. A in different regions I don't get to see their identity because of blockchain anonymity, also sending exceeded amounts during transaction's won't automatically trigger a warning making blockchain immutable with all completed transactions irreversible.
Do we need an artificial intelligence script that would notify users when they are making mistakes when executing transactions on the chain? That would be another million-dollar innovation in years to come probably not.
A Solana-based decentralized exchange did make the mistake of locking up over $160k of users' funds while trying to upgrade its mainnet program, according to a statement from source
this was due to a push deployment update failure where it accidentally shut down its program making funds inaccessible for its users.
A single mistake in DeFi can have permanent and very expensive results—as the creators of a Solana-based protocol discovered this week.
source
Crypto.com had to sue one of its customers which ask for a refund of $100 but instead received $10.5 million and went about buying luxury home, without notifying the exchange, lol who else doesn't want to have free money they did not work hard for?
A court case has been documented against the two sisters, Manivel and Thilagavathy Gangadory who are based in Melbourne, Australia, after buying a luxury home for $1.35 million and transferring $10.1 million to a joint account.
There is not much information so far on how the fund will be recovered, as no further information was detailed by decrypt about the ongoing investigation, hopefully, crypto.com would bare the consequences of not doubt checking funds before executing transactions I guess such a mistake would be avoided in the future.
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