Skip to main content

All crypto lost during wallet transfer

I started purchasing crypto in May 2021. I stuck to ETH and BTC almost exclusively and started out on Binance. After a short time I decided to move to BlockFi and transferred my assets there.

I held and purchased more over time in BlockFi. Of course after FTX BlockFi went bankrupt. After a year or so BlockFi let me withdraw from my Wallet into another Wallet. So I created a transfer in Binance on 11/21/23 - one for ETH and one for BTC.

I performed the transfers and got co formation from the BlockFi end. But the coins never showed up in Binance. So I now have nothing in either my BlockFi nor my Binance wallet. Basically I lost 3.8 ETH and 0.5 BTC, after BlockFi took the transfer fee, but nothing ever showed up.

I know this is lost now. But what the hell happened? Does anyone have any insight? And do I have any recourse (I assume not)?

This is so incredibly frustrating. It’s no wonder crypto is in a limbo and I see why some think it never will pick up. While this may by my own fault it really shouldn’t have been this difficult to make a transfer.

Thanks for reading and for any advice you can give me submitted by /u/party_doc
[link] [comments]


http://dlvr.it/T0Yhlr

Comments

Post a Comment

Popular posts from this blog

Binance Labs invests in EigenLayer’s liquid restaking service Renzo

Binance Labs is joining a group of venture firms and crypto ecosystems that invested $3.2 million in the startup seed round in January. http://dlvr.it/T36f5h
Post a Comment
Read more

BTC price gains 12% post-FOMC while Bitcoin ignores $260M ETF outflows

Bitcoin wastes no time liquidating shorts as a BTC price rebound follows the latest Federal Reserve economic policy meeting. http://dlvr.it/T4PsSL
Post a Comment
Read more

Thoughts on effective crypto investment strategies

I am sharing my crypto investment strategy and calculations. It has worked and been effective for me for the past 8 years in crypto. What do you guys think, feel free to add. My principles: Diversity: Basically all your eggs are in one basket because everything goes up and down with BTC. Only the percentage move differs but the direction is always the same. Liquidity: According to your investment size you want enough liquidity to enter and exit easily. Your investment can be worth $10 Million but it is zero if you can't sell it. Project: Must be delivering some unique value in its use case. Too many new projects popping out with same technology should be ignored. Accumulation strategy: Accumulating every 20%-35% dips. Exit strategy: Selling after 3-4 years in a bull cycle. Coin selection: I segment all my portfolios based on use cases and what are the leading coins in that segment and what are very new coins that are working on an issue faced by these leading coins. ...
Post a Comment
Read more