Dev loses $27M in Ethereum restaking giant Renzo, offers 10% bounty
A crypto developer is pleading for help and offering a bounty worth millions after accidentally sending $25 million of Renzo tokens to the wrong Ethereum address. The dev sent 7,912 ezETH, a type of liquid restaking token worth over $3,400 apiece, to what is known as a Safe Module instead of a Safe. With funds now frozen, the developer is offering 10% — a $2.5 million reward — to anyone who can retrieve his funds. The tokens went to an Ethereum contract address labeled ‘CoboSafeAccount.’ Despite having keys to that wallet, the dev’s particular token type and a bug in ERC-20 transaction handling prohibit recovery. That CoboSafeAccount now holds about $27 million in Renzo Restaked ETH (ezETH) — slightly higher than his initial deposit due to Monday’s rally in the price of ether (ETH). Renzo is a liquid restaking protocol that interoperates with EigenLayer, a layer 2 on Ethereum. It allows users to gain access to Ethereum’s proof-of-stake y...