Crypto developer platform Gitcoin has admitted to shedding roughly $460,000 of Gitcoin (GTC) tokens after mistakenly sending the funds to an unrecoverable contract handle.

On Oct. 6, undertaking lead “CoachJonathan” posted particulars of the incident on the Gitcoin governance discussion board. He mentioned the switch of GTC from the treasury was meant for a merchandise, memes, and advertising funds proposal.