Odaily Planet Daily News According to DL News, the Gitcoin DAO vault sent 521,436 GTC tokens (currently about $469,000) to the protocol’s contract address on September 29.
These GTC tokens were originally intended to fund governance workflows, but were mistakenly sent to the GTC token contract address, resulting in the funds never being recovered.
The transfer of funds follows an on-chain governance vote in early September that approved funding for Gitcoin’s Merchandise, Meme, and Marketing (MMM) workflow. The vote passed, but a human error occurred during execution, causing funds to be sent to the contract address instead of the multi-signature wallet.