I sent $500 worth of USDT-BEP20 on my smartchain subnet of MetaMask to my Ethereum ERC-20 custodial wallet with Kraken. According to kraken, when a deposit is sent on the Binance Smart Chain to a standard Ethereum address, the private keys would need to be exported and then imported into a Binance Smart Chain wallet in order to recover the funds.
However, this is not possible with their ERC-20 deposit addresses, as they are generated using smart contracts on the Ethereum blockchain. Addresses generated this way don’t have private keys associated to them, therefore they have nothing to export.
Therefore, my money gone. Therefore, I am a fool. Dammit.
submitted by /u/sethrage17
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