I think they expected it to work like when they transferred the ethereum there. And the half a million worth of ETH is now in the smart contract's account as a positive balance forever.
If I'm reading the comments right the way it works is you transfer your eth to the smart contract and it puts the equivalent amount of wETH in your account on its books. So say I transfer 10 ETH to it, it says "ok now frick owns 10 WETH". Now I can transfer that to other people or whatever and every time there's a transaction it gets recorded by the smart contract.
So now I want to trade in my WETH for ETH because I want to exchange it for Real Money Baybee. Naturally I just transfer my WETH to the smart contract and get the ETH back because that's how it worked the first time around right? Wrong. I transfer my WETH to the smart contract and the smart contract goes "Oh cool now WETH Smart Contract owns 10 WETH and frick owns 0".
I think they expected it to work like when they transferred the ethereum there. And the half a million worth of ETH is now in the smart contract's account as a positive balance forever.
If I'm reading the comments right the way it works is you transfer your eth to the smart contract and it puts the equivalent amount of wETH in your account on its books. So say I transfer 10 ETH to it, it says "ok now frick owns 10 WETH". Now I can transfer that to other people or whatever and every time there's a transaction it gets recorded by the smart contract.
So now I want to trade in my WETH for ETH because I want to exchange it for Real Money Baybee. Naturally I just transfer my WETH to the smart contract and get the ETH back because that's how it worked the first time around right? Wrong. I transfer my WETH to the smart contract and the smart contract goes "Oh cool now WETH Smart Contract owns 10 WETH and frick owns 0".