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Coinbase launches tool to recover 'mistakenly sent' ERC-20 tokens

Published 12/15/2022, 10:45 AM
Updated 12/15/2022, 01:00 PM
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Major cryptocurrency platform Coinbase (NASDAQ:COIN) has offered an asset recovery tool for users who “mistakenly send unsupported tokens” to exchange addresses.

In a Dec. 15 announcement, Coinbase said users who sent any of roughly 4,000 ERC-20 tokens to a Coinbase address could recover their previously unrecoverable funds by providing “the Ethereum TXID for the transaction where the asset was lost and the contract address of the lost asset.” The exchange said certain ETC-20 tokens including Wrapped Ether (wETH), TrueUSD (TUSD), and staked Ether (STETH) would be eligible for recovery, with a 5% charge on transactions of more than $100.

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