After agreeing to allocate $500,000 to “MMM” (merchandise, memes, and marketing — no, really), Gitcoin screwed up sending the money so badly that it’s gone forever. Whoever was in charge of making the transfer accidentally pasted the Gitcoin contract address into the recipient field, rendering the tokens permanently inaccessible. Such mistakes can be devastating, and yet are very common in the crypto world, where transfers are irreversible.

Total loss estimated at $500,000.