Coinbase launches asset recovery tool for lost Solana tokens

Coinbase launches asset recovery tool for lost Solana tokens

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Coinbase The autonomous asset recovery tool expanded to include lost symbols on Solana The network, according to April 21 advertisement.

The feature allows users to restore some unanimously supported symbols from their Coinbase without offering customer support ticket.

The company explained that not all Spl symbols are qualified to recover, and users are encouraged to verify the eligibility of assets before the start of the operation.

In addition, Coinbase stressed that the recovered assets were not subject to the full listing of the stock exchange, and customers must exercise their ruling regarding the validity of assets and security.

The ability to restore assets

The new addition expands asset recovery capabilities in Coinbase, It was initially presented In December 2022 for ERC-20 symbols on ethereum network. The original recovery tool enabled users to recover approximately 4000 of ETHEREUM assets, which were accidentally sent to Coinbase accounts.

Until the launch of this tool, the assets that were made by mistake were not refundable because Coinbase and support channels lack access to the special keys required to reflect these transactions.

In February 2024, Coinbase The feature expanded To the icons sent by accidentally using BNB Series and ribbed. If the user tries to recover an unqualified origin or use an unnecessary network, the process will fail, and the money will remain unable.

Successful recovery that involves more than $ 100 It is subject to 5 % fees It was applied to the part exceeding $ 100, as well as standard network fees.

Treating a long -term issue

Coinbase’s expansion of the recovery service to include Spl Takens on Solana is a broader effort to face the long challenge in the self -need for encryption.

Historically, the wrong transactions that involve non -backed symbols often lead to permanent losses, creating frustration between users. Coinbase aims to simplify recovery processes and reduce dependence on manual customer support by providing self -service option.

Coinbase also noted that more types of symbols across other networks may become eligible to recover in the future, although the timetable for such expansions is still unclear.

Because of the technical restrictions and complications of assets, Coinbase does not guarantee that all lost symbols can be recovered through the platform tools.

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