Whoops: User loses 1 BTC after sending to Huobi's cold wallet

22 May, 2019 | Updated: 22 May, 2019
by Will Heasman
Bitcoin
Whoops: User loses 1 BTC after sending to Huobi's cold wallet

A Redditor has shared his experience of losing 1 BTC after mistakenly sending it to what he believes is Huobi’s cold wallet; and now, he wants your help to get it back…

We’ve all experienced it, that feeling when you’ve lost something valuable, the panic sweats the butterflies in your stomach (probably better described as being punched in the gut as hard as humanly possible). For most of us, however, the utmost care is taken when it comes to our cryptocurrency holdings, especially when sending them anywhere, one wrong character in a receiving address and that’s it, you’re done for.

That’s exactly what happened to one Redditor who took to the Bitcoin subreddit to tell his tale of misplaced fortune and hopefully get some help in the process.

The story began 7 months ago when the Redditor, known as mrb000 (we’ll call him Mr. B), mistakenly sent 1 BTC to the wrong address.

“Hi everyone, 7 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible,” explained Mr. B.

According to the unfortunate Mr. B, he attempted to contact Huobi’s customer support to no avail, instead, being told that the address didn’t belong to the exchange and that they couldn’t help:

“That is false,” exclaimed Mr. B “I did an investigation and they have direct relation with this address, they can help me.”

The post lays out a detailed analysis which describes Huobi’s connection to the address.

According to Mr. B, the connection lies between the address which he sent the BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64, and an address which is allegedly operated by Huobi: 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D. The former address apparently regular sends big amounts to the latter.

“User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi,” explains Mr. B, adding that once this is proven, Huobi can ask the owner of the mistaken address to send the 1 BTC back…

For Mr. B, getting this 1 BTC back hasn’t been for lack of trying:

“See my transactions asking the 3CBq.. owner give my BTC back,” he said, providing a link to several transactions in which he signs the following plea to the recipient:

“1SentYou1BtcP1sBackToMeP1sNznQ1zH”

However, the story doesn’t end there. Incredibly, Huobi responded, asking Mr. B to sign a message with his private keys, then telling him to “wait.”

“I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you,” said a distraught Mr.B, “Now they told me " Hello, sorry for the inconvenience, we feedback your problem to our technology department.  After a series of research and development, but it can not be solved.  Please understand this.”

In one final ditch attempt to get back his precious Bitcoin, Mr.B attempted to contact Livio Weng – CEO of Huobi – personally, once again to no avail.

Reddit’s response:

One Redditor suggested that Huobi couldn’t disclose ownership of the cold wallet address for security reasons:

Others were less pragmatic, giving the lesson of tough love rather than any real solution:

It appears the moral of this story is to look after your own funds, and double (and triple) check before sending to any address.

What do you think? Will Mr. B get his Bitcoin back? Or is it lost forever?

Let us know in the comments!

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Read more about: Huobi Bitcoin (BTC)

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