Ethereum MicroStrategy clone has shaky start, sends 165 ETH to wrong address
An Ethereum-based “on-chain” clone of Michael Saylor’s $86 billion bitcoin (BTC) bet MicroStrategy has informed users of a “misconfigured” UI, which mistakenly sent 165 ether (ETH) of deposits to an unverified contract. Ether Strategy reassured users via X that the misplaced funds have since been transferred to the correct deposit contract. One of the project’s developers, ex-SushiSwap CTO Joseph Delong, replied, linking to a transaction of the funds being recovered. During the testing phase of the protocol and before the announcement of the launch, the UI was misconfigured, allowing users to deposit to the wrong address. In this short amount of time, 165 ETH was deposited by users to the incorrect address. The UI was fixed immediately. We… — Ether Strategy (@ethstrateg) January 30, 2025 Read more: Why have MicroStrategy insiders been dumping MSTR? Ether Strategy aims to replicate MicroStrategy’s leveraged BTC play directly on the blockchain, with u...