The Binance attacker apparently mistakenly transferred approximately 3500000 USD tokens to the NEWT contract, and the assets cannot be recovered
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AT A GLANCE
The Newton Foundation said that the attacker in the Binance theft incident apparently mistakenly transferred approximately 3500000 USD tokens to an immutable NEWT contract, and the assets cannot be recovered.
Article
Binance hacker mistakenly transferred approximately 3500000 USD tokens to the NEWT contract, and the assets cannot be recovered
PANews October 30 reported that the Newton Foundation posted on X, saying that the attacker in the Binance theft incident today apparently made an operational error and mistakenly transferred approximately 8000000 tokens NEWT and ANIME、ANKR、ARPA、BARD、CELR、DENT、DOLO、FTT、GLM、HIGH、HOT、KNC、LQTY、RARE、RESOLV、SIGN、WOO among others, 17 types of tokens directly to the NEWT token contract address, worth approximately at current prices 3500000 USD. The Newton Foundation stated that the NEWT contract itself was not compromised, but it was designed to be immutable, with no owner or administrator privileges. The relevant administrative privileges were renounced on-chain in 2025 and upgrades were permanently disabled, so these tokens cannot be recovered.
The Newton Foundation posted on X, saying that the attacker in the Binance theft incident apparently made an operational error today.
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It was reportedly transferred by the attacker: approximately 8000000 tokens NEWT as well as ANIME、ANKR、ARPA、BARD、CELR、DENT、DOLO、FTT、GLM、HIGH、HOT、KNC、LQTY、RARE、RESOLV、SIGN、WOO among others, 17 types of tokens directly to the NEWT token contract address.
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The report calculated the value of these tokens at approximately based on current prices 3500000 USD。
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The Newton Foundation stated that the NEWT contract itself was not compromised.
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The Newton Foundation said that the contract uses an immutable design, has no owner or administrator privileges, and that the relevant administrative privileges were renounced on-chain in 2025 with upgrades permanently disabled, so these tokens cannot be recovered.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is not a case of the NEWT contract being compromised; rather, the attacker reportedly transferred the tokens to the NEWT contract address. According to the Newton Foundation, the contract has no owner or administrator and cannot be upgraded, so no one can use administrative privileges to withdraw the mistakenly transferred tokens.
Why it matters to readers
The report involves approximately 3500000 USD in tokens; if the Newton Foundation's statement is accurate, these assets will be unrecoverable because the contract is immutable and has no administrative privileges.
Transferring assets to a contract address is not equivalent to a transfer to an ordinary wallet. If the contract has no function to recover tokens and no one has administrative or upgrade privileges, mistakenly transferred assets may be impossible to withdraw.
Risks and unknowns
The report uses the phrase “apparently an operational error”; the reason for the mistaken transfer has not been determined.
The provided evidence does not include the Newton Foundation's original X post or on-chain transaction records, so the specific transfer details cannot be independently verified.
“Unable to recover” is the Newton Foundation’s statement; the evidence provided does not include contract code or records of relinquished permissions for verification.
The provided evidence does not specify approximately 3500000 USD the specific pricing time and calculation details used for the valuation.
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The evidence provided does not state whether Binance or other relevant project parties confirmed the event.
Related concepts
Token contract address
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