DeFi Daily News
Wednesday, July 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Coinbase launches asset recovery tool for lost Solana tokens

Gino Matos by Gino Matos
April 21, 2025
in Ethereum
0 0
0
rewrite this title Coinbase launches asset recovery tool for lost Solana tokens
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Coinbase has expanded its self-service asset recovery tool to include lost tokens on the Solana network, according to an April 21 announcement. 

The feature allows users to reclaim certain unsupported SPL tokens mistakenly sent to their Coinbase addresses without submitting a customer support ticket.

The company clarified that not all SPL tokens are eligible for recovery, and users are encouraged to verify asset eligibility before initiating the process. 

Additionally, Coinbase emphasized that recovered assets have not undergone the exchange’s full listing review, and customers must exercise their judgment regarding asset authenticity and security.

Asset recovery capability

The new addition broadens Coinbase’s asset recovery capabilities, initially introduced in December 2022 for ERC-20 tokens on the Ethereum network. The original recovery tool enabled users to retrieve nearly 4,000 unsupported Ethereum-based assets that were accidentally sent to Coinbase accounts. 

Until the launch of this tool, mistakenly sent assets were typically not recoverable because Coinbase employees and support channels lacked access to the private keys required to reverse such transactions.

In February 2024, Coinbase expanded the feature to tokens erroneously sent using BNB Chain and Polygon. If a user attempts to recover an ineligible asset or uses an unsupported network, the process will fail, and funds will remain inaccessible. 

Successful recoveries involving amounts greater than $100 are subject to a 5% fee applied to the portion above $100, in addition to standard network fees.

Tackling a longstanding issue

Coinbase’s expansion of the recovery service to include SPL tokens on Solana reflects a broader effort to address a longstanding challenge in crypto self-custody. 

Historically, mistaken transactions involving unsupported tokens often resulted in permanent losses, creating frustration among users. Coinbase aims to simplify recovery processes and reduce reliance on manual customer support by offering a self-service option.

Coinbase also noted that more token types across other networks may become eligible for recovery in the future, although the timeline for such expansions remains unclear. 

Due to technical constraints and asset-specific complexities, Coinbase does not guarantee that all lost tokens can be recovered through the platform’s tools.

Mentioned in this article

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AssetcoinbaselauncheslostRecoveryrewriteSolanatitletokenstool
ShareTweetShare
Previous Post

rewrite this title Destino Devconnect – A local grant round to bring Argentina onchain | Ethereum Foundation Blog

Next Post

rewrite this title Dietitians Swear by These 6 Snacks for Beating Cravings—Here’s Why

Next Post
rewrite this title Dietitians Swear by These 6 Snacks for Beating Cravings—Here’s Why

rewrite this title Dietitians Swear by These 6 Snacks for Beating Cravings—Here’s Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

Crypto Analyst Reveals Six ‘Super-Cycle’ Tokens Set to Surge by 1000x in Value

August 16, 2024
rewrite this title Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard

rewrite this title Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard

July 2, 2025
rewrite this title with good SEO Malaysia Proposes Crypto Exchange Rules Overhaul – Details

rewrite this title with good SEO Malaysia Proposes Crypto Exchange Rules Overhaul – Details

July 2, 2025
rewrite this title Hyundai to Unveil New Electric Crossover Model in a Few Months

rewrite this title Hyundai to Unveil New Electric Crossover Model in a Few Months

July 2, 2025
rewrite this title Nothing Phone 3: Bold new flagship or 9 mistake? Tell us what you think

rewrite this title Nothing Phone 3: Bold new flagship or $799 mistake? Tell us what you think

July 2, 2025
rewrite this title Keion Henderson Celebrates Family And Loyalty In Heartfelt Post | Celebrity Insider

rewrite this title Keion Henderson Celebrates Family And Loyalty In Heartfelt Post | Celebrity Insider

July 2, 2025
rewrite this title Five worst signings from the first day of NHL free agency

rewrite this title Five worst signings from the first day of NHL free agency

July 2, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.