And this is a perfect example as to why the crypto technology is still in its early days. Why on earth is there no check on if coins are being sent to a non-0X addresses if you are sending Tether? The exchanges could make this address check, but it would be great if it was incorporated into the cryptocurrency currency instead in case exchanges are lazy and do not develop such a user-friendly feature.
It could be done but exchanges do not seem to care about their customers funds.
Indeed - I know binance wont let you send things to the wrong format of address - but in certain cases this wont stop it = tether to EXP address etc. Its been an issue for some time.
Very rough to straight up burn money IMO - but Ive done plenty