The user lost 28,050 AAVE after sending them to the smart contract address

The user lost 28,050 AAVE after sending them to the smart contract address

The user mistakenly sent AAVE tokens worth $ 1.1 million to the token’s smart contract address. Now these tokens are locked on the blockchain and cannot be returned. Cryptocurrency enthusiasts discovered an erroneous transaction for 28,050 AAVE decentralized finance (DeFi) tokens worth approximately $ 1.1 million, which led to their irrecoverable loss due to an error in the recipient’s address. According to Etherscan, the transaction took place back on October 3, but went unnoticed until…

US Federal Reserve Chairman: The digital dollar is not a top priority

US Federal Reserve Chairman: “The digital dollar is not a top priority”

US Federal Reserve Chairman Jerome Powell said the regulator will not issue a digital dollar until all associated risks have been eliminated. Powell announced this during a speech at the International Monetary Fund conference on cross-border payments. According to him, the United States is not seeking to be the first to issue its own digital currency. Issuing a government stablecoin is a serious task requiring extensive research. It is necessary to take into account not…