News center > 7*24H News > Featured > Context
Slow fog cosine: Multiple users accidentally transferred funds to Magma's contract address on Monad test network due to failure to switch networks
Editor
5 hours ago 4,142
According to a report by Golden Finance, according to a document by Slow Fog Cosine, many users mistakenly transferred their funds to the address and contract address of the Magma project on the Monad test network because they did not switch to the correct network environment. Cosine confirms by analyzing transaction data and smart contract code that the transfer of funds is caused by the user's failure to correctly switch to the Monad test network when executing functions such as depositMon() and withdrawMon() of the Magma project on multiple blockchains such as Ethereum and Binance Smart Chain. This problem may be due to the incomplete network switching mechanism of the wallet application or project front end. Cosine said that the project party can realize the fund return mechanism by creating corresponding contracts on the relevant blockchains, and affected users should directly contact the Magma project party for help.
Keywords: Bitcoin
Share to: