Binance Says Mistaken Crypto Transfer Recoveries Have Topped $8.2B
Binance’s mistaken-transfer recovery update puts the total value of incorrectly sent crypto recovered for users above $8.2 billion since 2021, turning one of crypto’s most painful user errors into a major exchange-support category. Wrong-chain deposits, missing memos, incorrect tags and unsupported transfer routes remain common problems for users moving assets between wallets, exchanges and networks. A transaction can be valid onchain while still failing to credit inside an exchange account if the asset, address, memo or network does not match what the platform supports.