Blockchain tracker Lookonchain reported over 60 wallets misdirected $2.34 million during Stable’s second deposit phase, highlighting the need for address verification in crypto transfers.
Blockchain analytics platform Lookonchain found that during Stable's second-phase deposit event, more than 60 wallets mistakenly sent over $2.34 million to the project's contract address instead of the designated deposit address. The total deposits for the phase exceeded $253 million. Stable and Lookonchain both urged users to double-check recipient addresses before transferring funds to prevent loss of assets.