Share this article
Israeli Firm Unveils Tech Allowing Users to 'Undo' Erroneous Ether Transactions
Kirobo has repurposed its bitcoin transaction reversal feature to work on Ethereum.
Updated Sep 14, 2021, 10:30 a.m. Published Nov 12, 2020, 10:43 a.m.
Make us preferred on Google
Kirobo, a Tel Aviv-based startup known for developing a product that reverses erroneous bitcoin transactions, has repurposed its invention to work on Ethereum.
STORY CONTINUES BELOW
- Announced Thursday, the Retrievable Transfer service is now available to users transacting in the network’s native ether token.
- “The use of our logic layer finally eliminates the need to send a test transaction, sharply reducing the level of anxiety users feel when transferring funds to a third party,” said Asaf Naim, CEO at Kirobo.
- Available to users of MetaMask and any wallet that uses the WalletConnect protocol, Retrievable Transfer allows users to reclaim funds sent to the wrong address by generating a password that is entered by the sender.
- The receiver of the funds must also enter the matching password; failure to do so allows the sender to reclaim the funds, reversing the transaction.
- In addition, the service is also designed to safeguard against sending funds to smart contracts that don’t support deposits, as well as man-in-the-middle attacks, according to Kirobo.
- ERC-20 tokens on Ethereum will also be supported by the service at a later date, the startup said.
See also: Israeli Firm Develops Tech Allowing Crypto Users to Retrieve Funds Sent in Error
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
MegaETH mainnet to go live Feb. 9 in major test of ‘real-time’ Ethereum scaling
This follows its October 2025 $450 million token sale that was heavily oversubscribed.
What to know:
- MegaETH, the much-watched high-performance Ethereum layer-2 network, announced that its public mainnet will go live Feb. 9, marking a major milestone for a project that has gained a lot of attention in the scaling landscape.
- MegaETH positions itself as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.
Top Stories
