Sent funds to wrong address

No, tokens sent to an incorrect address cannot be recovered or reimbursed by Loopring.

Successful transactions on the Ethereum L1 blockchain or Loopring L2 are irreversible. As discussed here, Loopring has no control over the wallets created through the app, the funds secured within them, nor the wallets the funds are transferred to. This means that Loopring cannot revert, recover, or otherwise reimburse transfers to incorrect addresses.

Loopring strongly encourages users to confirm the address entered so that the recipient exactly matches the address you want the tokens sent to. To help ease this process, the Loopring Smart Wallet app supports:

  1. Saved Contacts

  2. Ability to scan the recipient’s wallet QR code

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