Bitcoin Forum

Hi Guys
I made a terrible mistake. Just wanted to transfer my LTC from one online exchange to BitBay but instead of using the correct LTC wallet I sent the funds to BTC wallet.

Transaction details can be found here: https://bchain.info/LTC/tx/d0a63695172ce3d14c950c4b8d1752c1f2b876934faa8e58c47905a556757668

I sent it to BTC address: 378yFsGsovDUM84QpiuaFPDXx7RYn

Is it still possible to recover LTC?

thanks in advance,  ???

Sorry Sir for your loss :( You can't reverse any altcoin or crypto transactions unfortunately :( Your coins are lost :(

What about private key linked to the BitBay wallet?
Are the obliged to extract private key or this is only exchange goodwill?

It's only in the exchange goodwill.

It would theoretically be possible (refer: https://www.reddit.com/r/Bitcoin/comments/6sfnl2/segwit_has_been_locked_in_congratulations_everyone/dleu77d/ it was the other way round, but if you read the comments, LTC to BTC can also be fixed)

However, you have a really big problem in that you do not have access to the private keys for the addresses involved, so you're not going to be able to generate the matching addresses on the opposing network and claim the coins back :-\

Your chances of the getting the exchange to do this for you are pretty minimal :(

I must say the exchanges would find a pretty big amount of coins if they generated addresses in all chains for all private keys.

It would require many resources though.

Do you have access to your private key in BitBay or the person you've sent you Litecoins to?
I believe Litecoin uses the same procedure for creating public keys as Bitcoin.
Only difference should be the address prefix, Bitcoin being a 1 and Litecoin a L.
This is caused by adding 30 instead of 00 in the front of the ripemd-160 hash, after base-58 encode you should get the same address but with an "L" on front. I have never done this conversion before but it should be possible to reverse.

Sounds interesting. So he could simply import private key of Litecoin to Bitcoin wallet?

Not for P2SH addresses, those are starting with 3 for both BTC and LTC.
As this was a common source of confusion, LTC quickly settled to use "M" prefix addresses (the previous "3"-prefix addresses are still valid, however).

(In this case, 378yFsGsovDUM84QpiuaFPDXx7RYnYDbWD becomes MDM7Zkgqm34u9dLJvbtv52TwGp1zrmXdTW)

Some said when i was search it there someone also experience this and they suggest to abadon the trasaction if you are using a core wallet but according to your transaction looks like you already got lots of confirmation so its impossible to abandon the transaction base on what i searched i think it would be hard to get them back unless if bitpay also handle the same address as bitcoin..

But why do some services keep issuing LTC addresses starting with a 3, and why did LTC start issuing the same P2SH address format in the first place?

Subtle intrusions are sometimes not so subtle.

I don't think you'd be able to recover it back once it had been converted to bitcoin already. You just have to buy back LTC in your case. That's why we have to always double check on the wallet addresses we send the coins too because there is unlikely a chance to return back once the transaction is done.

It's difficult if possible to reverse the transaction which you have made, that is why the sites always tell for  a proper check of the address you are sending your coins to if it's the right one. Sorry for your loss Sir.

In this case, the service didn't, they issued a P2SH BTC address starting with a 3.
Wallets should recognize this problem on a software level, and either completely reject sending to a 3-prefix address, or at least show a warning.
The Trezor wallets for example only accept M addresses right now.

Nothing has been converted.
MDM7Zkgqm34u9dLJvbtv52TwGp1zrmXdTW (https://chainz.cryptoid.info/ltc/address.dws?MDM7Zkgqm34u9dLJvbtv52TwGp1zrmXdTW.htm)

The transaction says that the coins were split up into two addresses
378yFsGsovDUM84QpiuaFPDXx7RYnYDbWD - not a  valid adress
LXrnXbpYoTk9gu1Hwafqh4bBZG6YhfTfHR - Although this address received the funds the final balance shows 0
This means that all your funds have been lost. There is nothing much you could do about it.
Sorry for your loss but that's a stupid thing you have done there. Be careful the next time and learn from your mistakes.

It's a valid address, read the thread above your post.

A change address, change is reused in following transactions and rarely stored for long.
Common crypto practice, especially for services.