PANews reported on November 11 that according to The Block, a cryptocurrency user sent $25 million worth of Renzo re-collateralized Ethereum tokens to the wrong "Secure Module" address instead of the correct "Secure Wallet" address due to an operational error, which may cause the funds to be permanently locked. The user urgently sought help on the social platform and promised to pay about $2.5 million (10% of the current price) as a reward if a hacker or white hat could successfully retrieve the funds.
Renzo is a liquidity re-staking platform focused on Ethereum and Solana. Currently, the funds cannot be withdrawn unless the Renzo team upgrades the contract and adds the corresponding rescue function. DefiLlama founder 0xngmi said that unless Renzo helps, users' funds cannot be recovered. As of press time, Renzo has not yet made a public response to the matter.
