Funds dies when sent to inaccessible addresses.

[EluguHcman]

There are moments we have regular benefactors and those we may have business transactions on a regular basis with who facilitates on executing transactions without informing the other party first and take them unaware while sends the funds probably could be a usual and successful.

But while the receiver was not informed before the sender sends the funds, there are times we ends up sending the funds into one of those abandoned accounts due to insecurity activities in the Wallet address or those inaccessible Wallet addresses due to lost of seed phrases where the funds there are forever be unclaimed due to inaccessibility of the account.
So there is always a need to request for the recipient (s) to either send you their wallet address or ask to confirm if you can send to the usual address you may have transacted with the person.
This is to avoid getting your funds stuck and we know in the Crypto network especially in the non custodian wallet providers once you have lost you seed phrase and lost access to your wallet, you have lost it all forever.

This happened between an uncle and I during my school days who sent money in my dormant back account.
I am motivated to say this today after a friends cousin recently sent him Bitcoin worth of $6K from abroad and hoped was going to be an exciting surprise to him but as it is, the money has become a waste because the guy has already trashed and forgotten that wallet address the fund was sent to.
The recipient should be blamed too because benefactors or regular
business partners are ought to be notified in cases like that because funds can be sent without your notice at anytime.

How necessary do you find this post?

[Hatchy]

How necessary do you find this post?

To be honest, not really necessary, but it's informative and a good thing to always make the community aware of such case scenario. Most times we as humans tends to make mistakes that cannot be reversed, especially with cryptocurrency where if you loss access to your funds or send to a wrong address, your coins are literally lost for good.

Before every transaction, be it business or even your personal transaction, it's better to confirm the address of the receiver. That's because many times these tiny things that we deem not important might just be the most important at that point in time. It doesn't matter if you are doing a surprise or not, you have to confirm the receivers address always before broadcasting your transaction...

[Coyster]

I don't know why someone would send crypto without requesting for a wallet address, even if you have sent funds severally to the same address. It could be that they have been receiving the funds in a third party service and their account has been closed on that service or their non-custodial wallet might even have been compromised, etc, it only takes a second to request an address.

It is even wrong to funds to your own centralized exchange account, without getting the wallet address from the platform itself, some people save it in other places and just copy and send, but we've seen many times were exchanges change their customers address, and you then have to contact support for help.

[Yaunfitda]

It's a unique story indeed, but who's to blame? It's hard to say, on the other hand, it was a supposedly a big surprised, so the party is not going to ask whether if the address is still in control or he have trashed it already.  But I guess this is another one of those extreme cases that we need to remember and be a lessons for everyone that maybe we shouldn't surprise someone with this kind of thinking. As we have said here, we shouldn't trust but verify. So at least your uncle though could have verified it address. Just a subtle question to not necessarily aroused the suspicion of the other party that he might send something. Or just try a small amount first and see how it goes if it is going to be received or not.

[Charles-Tim]

Good advice.

But if I want to send bitcoin to someone again, I will request for the person's bitcoin address again because I know exactly what you are saying and I know how dangerous it is as it can lead to loss of coins.

This is to avoid getting your funds stuck

If sent to a noncustodial wallet and the person does not have the seed phrase anymore, the coin is not stuck but lost forever.

[EluguHcman]

It's a unique story indeed, but who's to blame? It's hard to say, on the other hand, it was a supposedly a big surprised, so the party is not going to ask whether if the address is still in control or he have trashed it already. 

Deep inside their conscience, they can not blame each other rather they are both blaming themselves.

The sender feels it is his fault not to had confirmed if the wallet address is still actively in use before he proceeded while the receiver feels it is his fault not to had let his cousin know that he had got a different wallet after giving a remark that his cousin has usually been taking him unaware sending him funds on Bitcoin through the same wallet he had trashed.
The scenario just ruined the whole good times for the both.

As we have said here, we shouldn't trust but verify. So at least your uncle though could have verified it address. Just a subtle question to not necessarily aroused the suspicion of the other party that he might send something. Or just try a small amount first and see how it goes if it is going to be received or not.

Verification is very necessary and not just to assume when it get to do with funds. Especially in the unrevisable cases like the inaccessibility of wallet addresses in the decentralized technology.

Mine was an ease because I had the opportunity to restore that my domant bank account and regained access since it was Centralized banking system.
But even giving a dime to try if it would go successful can still be risky because a gone$1 is gone and unrecoverable. The best is to confirm and get it all done rightfully once and for all.

It just feels ruined because the expectation of the surprises may turn regrettable.

[I_Anime]

I don't know why someone would send crypto without requesting for a wallet address, even if you have sent funds severally to the same address. It could be that they have been receiving the funds in a third party service and their account has been closed on that service or their non-custodial wallet might even have been compromised, etc, it only takes a second to request an address.

It is even wrong to funds to your own centralized exchange account, without getting the wallet address from the platform itself, some people save it in other places and just copy and send, but we've seen many times were exchanges change their customers address, and you then have to contact support for help.

Some folks are just lazy , they prefer to save the same wallet address is some where they can easily access it saving themselves the stress of always going or telling the folks for address before sending the coins . While some are usually too eager to send their coin to the other party maybe in form of suprise or ignorance.


A friend of mine experience same thing so I had to learn from his mistakes , he had his exchange Wallet save in his WhatsApp Messenger for easy access, unknowing to him that sometimes exchanges do change their customers address , so he sent some coin to that same address just as he always do , and the coin did not arrive in his wallet . So after some further investigation he found out that the address ge sent the coin to is different from the in the exchange. After hearing all that I had to double the act of been cautious whenever am making any transaction.

[Peanutswar]

I guess we can't blame those people other side want to send the funds because they want to give a surprise which is unfortunately the other side throw already their wallet well yes there's a regret right there. After all, still its a money but this just to be charge to experience for them and to others who knows their story. The reason I often double-check and ask the other parties before I commit to a transaction is to avoid this from happening also if you are doing trades such as p2p if you are the seller who will make a transact first at the first places its your accoutability.

[Aanuoluwatofunmi]

In this regard, we may not be able to compare the fiat transaction policies tot hat of the bitcoin network in cryptocurrency, because bitcoin transactions are not reversible, while in traditional fiat, they are, another thing we should clear about what others may have regarding the mentality of bitcoin transactions on a wrong address or network being lost is this, they are not lost, but instead redistributed as spreads to the holding capacities each everyone of us were having and this is part of what constitute determining the market price.

[Hyphen(-)]

The recipient should be blamed too because benefactors or regular
business partners are ought to be notified in cases like that because funds can be sent without your notice at anytime.

How necessary do you find this post?

Since it is cryptocurrency, I think the sender should be blamed ti sending to an address he doesn’t know if it is still active or not, while if it is a bank account to receive fiat currency, that will not be a problem because the account name will show before they send money.

What if his uncle is using an exchange wallet address that might have been changed by the exchange owners when they undergo maintenance?

And knowing fully well that crypto transactions are irreversible, I think even if it should be a surprise, he should have try to reach his uncle for address and bit to disclose the amount he is sending, it would have been better than wasting the entire money.

[Justbillywitt]

It's a unique story indeed, but who's to blame? It's hard to say, on the other hand, it was a supposedly a big surprised, so the party is not going to ask whether if the address is still in control or he have trashed it already. 

I am going to blame the sender of the asset, knowing how delicate crypto transactions are, we should always verify if the wallet we are sending to is the right one and the receiver still have access to it. Surprise or not the receiver is still going to feel that level of joy and gratitude if the money got to him safely. The money will serve the same purpose wether it came as a surprise or not. To me safety of funds should be prioritised over surprises. Now the asset is lost and none achieved their objective, over something that could have been avoided. There's justifiable reason to blame the receiver.

[sokani]

How necessary do you find this post?

I've never heard about such, but I know there are many stupid people. So I'm sure your post is not the first; it's very likely this has happened before. The sender must be a newbie for making such a costly mistake. He was supposed to inform the receiver before sending the funds, even if he had been using it frequently. The receiver might still have access to the wallet but would lie about it because of his stupidity. This really sucks.

[lovesmayfamilis]

How necessary do you find this post?

I don't see the need for it. Anyone who starts with the basics of crypto will always learn about the seed phrases that the wallet owner has. It's normal to think about any gift, but you should understand how simple the process of creating a wallet is and how easy it is to lose the seed phrase from it. Therefore, it is always necessary to clarify with the wallet owner the current and valid wallet. I don't blame the recipient for not announcing every time he changes his wallet number. If the funds are lost, then this is only the carelessness of the sender.

[BlackBoss_]

Before sending your bitcoin to any receiver, make sure you ask the receiver and get a confirmation on that past used address is still accessible and usable. If you do oppositely, sending without asking for a confirmation on a receiving address of a receiver, you have chances of sending bitcoin to a loss wallet.

It is reason why Satoshi Nakamoto, the Bitcoin founder, advised that Bitcoin users should never delete their Bitcoin wallets.

The person who originally sent the broken transactions deleted his wallet

Sigh... why delete a wallet instead of moving it aside and keeping the old copy just in case?  You should never delete a wallet.

[Ishicryptic]

This is a very important information for Bitcoin sender's that sends coins to s receiver's wallet without informing the receiver, it might be that the person had abandoned the wallet due to one reason or another, especially when they have lost the device where the wallet was created and also lost the seed phrase. There is nothing that the sender and receiver can do about it if it's a none custodial wallet. No need to surprise anybody by sending Bitcoin into their none custodial wallet without informing them, I know that people abandon wallets all the time because it is very easy to create another one instantly. I believe that many people are living in regrets because they didn't follow this this simple tip of not informing a receiver before sending.

[RockBell]

This is a very important information for Bitcoin sender's that sends coins to s receiver's wallet without informing the receiver, it might be that the person had abandoned the wallet due to one reason or another, especially when they have lost the device where the wallet was created and also lost the seed phrase. There is nothing that the sender and receiver can do about it if it's a none custodial wallet. No need to surprise anybody by sending Bitcoin into their none custodial wallet without informing them, I know that people abandon wallets all the time because it is very easy to create another one instantly. I believe that many people are living in regrets because they didn't follow this this simple tip of not informing a receiver before sending.

And since things like this are happening, it will be best if they try to ask before just sending or transferring funds to a wallet that is no longer in use, so there are enough things that we might no longer have power over, especially when it is executed, so inquiries do not take anything out. it might even be that the user is no longer using the wallet due to maybe misplaced details about the wallet and when it comes to this case what will be the way out especially when you are owing the person things like this is going to bring a lot of misunderstanding between the two parties so there should be some kind of communication first.

Once you have sent it it you can no longer reverse that transaction, so the best thing is to be that before you send it, ask whether it has been a customer or not. Informing the person will be the best option that can be explored to protect yourself from all this kind of contradiction.

[Obim34]

How necessary do you find this post?

Preferable advise for newbies who are yet to make any transactional mistakes, users who has been into Bitcoin for a while always propel safety when sending or receiving Bitcoin. Many have several Bitcoin address and should decide which they want to receive from. For those with loan service in Bitcoin, at the date of lending always tell which address they want the funds returned into, just like recently when Shas.. changed his address, address was forwarded to everyone through PM, if you send Bitcoin without consulting the receiver you will have to repay the cost of lost coin.

[Mrbluntzy]

It's safer to always ask for fresh wallet from benefactors before sending coins to them, ask and confirm if their wallet that you have is still active before sending coins to it. There was a wallet my friend showed me long time ago, there are different valuable coins in that wallet, even thousands of USDT are contained in that wallet but according to what my friend told me, no body has access to the wallet as the real owner has lost the private key and yet once in a while people mistakenly send coins to the wallet, and I guess people that keep on sending coins to the wallet still thinks that the own is using the wallet.
OP, this post is very necessary and serves as a reminder for most of us here. Thanks for sharing.

[salad daging]

I guess we can't blame those people other side want to send the funds because they want to give a surprise which is unfortunately the other side throw already their wallet well yes there's a regret right there. After all, still its a money but this just to be charge to experience for them and to others who knows their story. The reason I often double-check and ask the other parties before I commit to a transaction is to avoid this from happening also if you are doing trades such as p2p if you are the seller who will make a transact first at the first places its your accoutability.

Yep - I once made a mistake like this where the intention was to give a surprise to a friend who was having a birthday and then sent some coins worth $ 20, but he realized that the wallet had lost its seed phrase because I knew he used that wallet so it was sent there to send coins.

After 1 week - I asked him if you had sold the coins that were given? Then he asked which wallet did you send it to if the previous one was no longer used because its seed phrase was lost, so there I admitted my mistake why I didn't confirm first before making the transaction.

[suzanne5223]

What you explained in the Op is something that happened to me during Q1 of this year, where I sent crypto of 90USDT to the wrong address because I didn't notify or ask the recipient where to send the funds.

This is to avoid getting your funds stuck and we know in the Crypto network especially in the non custodian wallet providers once you have lost you seed phrase and lost access to your wallet, you have lost it all forever.

The crypto is not lost forever, even in a situation where the wallet's private information is lost. Because in the future, when the quantum computer that can break the entropy used in creating crypto wallets is developed, all the crypto sent to inaccessible crypto wallets will be recovered.