Tokens lost to the ether may soon be retrieved, says Coinbase.
A new tool developed by Coinbase will allow users to recover ERC-20 tokens previously thought forever stranded, having been sent to incompatible public addresses associated with the exchange.
ERC-20 tokens are the standard Ethereum token format and first grew to prominence during the Initial Coin Offering (ICO) boom of 2017. Many of these coins, however, aren’t supported by Coinbase.
That means that incompatible ERC-20 tokens sent to Coinbase addresses wind up in limbo, with the exchange’s administrators unable to rescue them.
(by Ben Munster)
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