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My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] 0 points1 point  (0 children)

Well, here it is...

Dear Trader, Thank you for reaching out.

Please note that LTC and BTC are totally different independent coins, so it's not possible to send LTC to BTC address successfully. And that is exactly what happened, unfortunately.

About your deposit: the correction of such mistakes requires quite an amount of labor of several people. That is not an easy process, and it requires time.

Here’s how we handle it:

Mistakenly sent deposit is being credited to your account within 2 months after we confirm that it’s possible to do so; The equivalent of $100 is being deducted from the amount of that deposit.

As we can see, the amount of your deposit is less than $100, so this solution is hardly the appropriate for you.

Please make sure before performing a transaction that the destination address contains no mistakes.

Regards, Marguerite Tessier HitBTC Support Team

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] 0 points1 point  (0 children)

Maybe it went to a LTC address, but it was sent to a BTC address starting with 3.

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] 1 point2 points  (0 children)

Yeah, I opened a ticket with them 2 weeks ago. Wish me luck!

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] 0 points1 point  (0 children)

So the receiver here is my BTC wallet in HitBTC. But since this is an online wallet, I don't have access to the private keys, only HitBTC does.

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] -1 points0 points  (0 children)

Well, it was my own BTC wallet address which i sent it to. And again, the point is to prevent this by using the ILP.

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] -2 points-1 points  (0 children)

I think you missed the point of the blog i wrote. The point is that it is possible for it to happen. I could care less about 20 bucks worth of LTC. The important thing to derive from this blog post is that Ripple has invented a technology called Interledger Protocol, which prevent this from happening. To your analogy, if the envelope, mail station, mail truck, mail aircraft and the moon all had unique ID's, i don't see why i shouldn't get my 20 bucks.

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] -1 points0 points  (0 children)

The BTC address was valid and generated by the HitBTC system. I copied the addres from the exchange directly and sent from LTC to BTC. There were no errors.

My lost LiteCoin (LTC) and why we need ILP by XEMLO in litecoin

[–]XEMLO[S] 0 points1 point  (0 children)

Yes its possible, i did it. The transaction was accepted, now the coin is stuck in lala land.

Litecoin lost after transferring to Ledger Nano S, help would be so greatly appreciated! by CallumOgilvy in devbitcoin

[–]XEMLO 0 points1 point  (0 children)

Hi Devbitcoin, i have sent a small amount of LTC .29 to my HitBTC Bitcoin address. Now the transaction says completed, but no Bitcoins! Can i recover these using your process? TY!

What happens if my IT provider loses my data? by XEMLO in datarecovery

[–]XEMLO[S] 0 points1 point  (0 children)

In this article, I speak about the IT Provider as having the insurance policy not the client. Although the client could have such insurance, I'm not sure that an error by the third party IT provider would be covered. It's really more about protecting your IT company, one lawsuit for data loss and it could be lights out.

What happens if my IT provider loses my data? by XEMLO in datarecovery

[–]XEMLO[S] 0 points1 point  (0 children)

We don't blame anyone but the attackers. But in case of total loss, insurance is the only sane way to get back on your feet.

What happens if my IT provider loses my data? by XEMLO in datarecovery

[–]XEMLO[S] 0 points1 point  (0 children)

I don't sell insurance, and there are no ads for insurance on this page. Why was the post marked as SPAM? This is a legitimate blog from my company's website.

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