In a now-deleted deleted profile, an anonymous Reddit user allegedly lost close to $500k on Sunday after sending wrapped Ether (wETH) directly into a wETH wrapping smart contract. wETH came into existence as a way for Ether (ETH) to conform to the ERC-20 token standard so that it can be traded directly with altcoins minted on the Ethereum blockchain.To wrap Ether, users first … [Read more...] about Blockchain enthusiast allegedly losses $500k by sending WETH to contract address
WETH
What Is WETH? Wrapped ETH Explained
Most of us know what Ethereum (ETH) is and how it works, but do you know what wETH is? With the expansion of different DeFi protocols around the world, we have seen the expansion of synthetic tokens such as wBTC and wETH, but what are these tokens all about? In this guide, we will share with you all the details about synthetic tokens and wETH. This is one of the most popular … [Read more...] about What Is WETH? Wrapped ETH Explained