Post
Topic
Board Exchanges
Re: Accidentally send erc20 to kraken eth address
by
malevolent
on 25/09/2020, 05:46:43 UTC
It's a risky job for them. To recover this amount they have few hundred thousands dollar worth of coins will be at stake. Depending on their setting it could be very complicated because I am sure in their cold wallet not one person is holding the keys. But again for a person, $10k is a very good amount of money. And considering this, I hope Kraken will take the risk and help the user to recover his fund.

There are exchanges that will recover funds, maybe not necessarily straight away or for free, but recover they will. A bigger exchange should have the resources to account occasional asset recoveries, and if they don't - charge the user of their mistakes, but not 100% of the funds...