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Topic: 24 eth instead of 24 usdt....What Will You Do If.......? (Read 639 times)

member
Activity: 223
Merit: 11
That's a lot of money in my country, and can help me start up decent business. I must admit that it will be a very difficult decision to make. I will contact the exchange and return the ETH. It was never mine in the first place. My religious upbringing and my conscience will not allow me hold the money. A friend had similar experience in the past whereby she was paid double of her amount, she told me about it and I encouraged her to return the money.
sr. member
Activity: 546
Merit: 250
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So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

And note.... This is not fictional, it happened for real to a crypto friend of mine.
Is this even possible, which responsible website sent out ETH instead of USDT, i have not heard about a situation like this in my time in the cryptospace and hence i would like to know which exchange you are talking about to be careful about trading in that exchange and this should be a warning for everyone.
full member
Activity: 644
Merit: 103
That could be a blessing in my opinion. Well honestly if that happens to me I maybe keeping them until the exchange contacted me and ask to return it but since I secured the ETH I would be asking for a compensation for returning it.
I would return this cryptocurrency. Easy money doesn't bring happiness. Honesty will always be rewarded - this is the law of life. I believe that God blesses honest people.
member
Activity: 560
Merit: 13
You are fool if you give it back but its your conscience if you take it away. Now, it matters how you look at this dilemma. In my opinion, giving it back is the best idea why? Because we should not own the things that we don't have. I want some legal process to feed my family. Whatever it takes, even if I become millionaire because of that. I will return it because I am not greed of money.
sr. member
Activity: 2422
Merit: 267
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Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts
 

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

actually the problem that may occur and is confusing is if your colleague does not know crypto so that what is given in the form of ethereum will certainly be difficult in itself to exchange later, the best way is not to accept it and return it.

but if he knows about crypto the problem can certainly be resolved properly because you can see the price between ethereum and usdt is the same or not. if the price is the same, of course there is no problem, but if there is a difference, it is certainly not very good.
You just have to decide whether what you receive is profitable or detrimental, if it is profitable, just accept the blame, not on you. but as a good person certainly gives an explanation that there is a difference that occurs as a result of this even though it is profitable.

there is nothing to lose for those who are used to crypto, there may be benefits from this, being able to hold ethereum for investment, because the time is right to do that because there will be an increase in ethereum and other altcoins,
hero member
Activity: 2184
Merit: 531
If I'd get more money from my campaign or some job I'd return it of course.

If I got a higher withdrawal from the exchange I'd probably contact them with the issue and see if they'd be willing to give me a bonus. This way I'd feel good on my conscience and have some more money.

It's easy to say now but if it was a very high amount like a million dollars I'd have to fight myself not to keep it. I'm not sure what I'd do in that case, possibly take the money because it would be so much that I'd be able to live on it for the rest of my life.
Ucy
sr. member
Activity: 2674
Merit: 403
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Well, I will likely contact the exchange to be sure they made a mistake. Will probably ask them to confirm what they sent to me without me revealing the name of the coin & amount to them. And I will also verify from the address they sent me the coin from to be sure the amount actually came from there. If it was a mistake, I will be glad to send it back. It can be quite unsettling to spend huge strange money I did not earn/deserve. Just want to be guiltless and happy in this life Smiley
legendary
Activity: 3094
Merit: 1127
That could be a blessing in my opinion. Well honestly if that happens to me I maybe keeping them until the exchange contacted me and ask to return it but since I secured the ETH I would be asking for a compensation for returning it.

Very practical as you secured the fund then it's not that much of asking for little favor if possible. That amount of money will
let you think much deeper before deciding your next step.

Greed inside you will also matter since it's free money where decentralized network is your advantage, no way for anyone to
get it back from you without your permission.
This is why i do really have those doubts when someone do talk about on returning it because most of the time our greed will pop out and do tell that why the heck i would be returning this money?
If its been mistakenly sent out into your address then you will really find or treat it as a blessing but if you are some sort of whale that doesnt really care about 9k usd and your pride do tell you
that getting others money is bad then thats the time you will consider on giving it back but in most cases people wont surely give it back and due to being anonymous and decentralized
then theres no way that they will find out on whose the one do able to received those mistakenly sent out funds.
sr. member
Activity: 1456
Merit: 267
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That could be a blessing in my opinion. Well honestly if that happens to me I maybe keeping them until the exchange contacted me and ask to return it but since I secured the ETH I would be asking for a compensation for returning it.

Very practical as you secured the fund then it's not that much of asking for little favor if possible. That amount of money will
let you think much deeper before deciding your next step.

Greed inside you will also matter since it's free money where decentralized network is your advantage, no way for anyone to
get it back from you without your permission.
MI6
hero member
Activity: 1260
Merit: 504
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That could be a blessing in my opinion. Well honestly if that happens to me I maybe keeping them until the exchange contacted me and ask to return it but since I secured the ETH I would be asking for a compensation for returning it.
hero member
Activity: 1498
Merit: 586
So my question is.. What will you do? Will you return the money?
Well, it's up to you:
1. If you are going to return the money, then congrats. You are not guilty for the rest of your life and not risking your account get banned, although I have never heard an exchange chargebacks the withdrawal money from receivers because of their fault.
2. if you are trying to take it, then yea it's not a good thing and you may feel regret and haunted by this mistake ever. The worst case is they would take law-action against you.
Yes correct. I read someone post in previous pages, 24eth is very huge, I think it is my 2 years salary if I Will work in company, so if I will be accidentally given that huge amount my conscience will not let me sleep at night, I want to work hard for me to earn that amount and also, think  that people working in that exchange will be punished, yes it will be their mistake but have some conscience and mercy it is not your hard earned money.
hero member
Activity: 2814
Merit: 526
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So my question is.. What will you do? Will you return the money?
Well, it's up to you:
1. If you are going to return the money, then congrats. You are not guilty for the rest of your life and not risking your account get banned, although I have never heard an exchange chargebacks the withdrawal money from receivers because of their fault.
2. if you are trying to take it, then yea it's not a good thing and you may feel regret and haunted by this mistake ever. The worst case is they would take law-action against you.
sr. member
Activity: 2604
Merit: 338
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It depends on my financial situation, if when I receive 24 ETH I do have healthy finances. I without doubt will return the 24 ETH,
because it was not mine to begin with, so it should have been returned. But if my finances are bad, maybe I will do the opposite,
because with 24 ETH coming in, it can help my finances.

I would do the same without any doubt or questions but the only thing that stops me on doing so is that im afraid with karma.

To think that those money is belonged to other person and when someone do really curse you then it might really give out some effects into you.

It might not be effective immediately but there would really be some point in life.Some do believe with karma and some dont but im a bit still of an
honest man so i would definitely or most likely return it.
sr. member
Activity: 1876
Merit: 318
It depends on my financial situation, if when I receive 24 ETH I do have healthy finances. I without doubt will return the 24 ETH,
because it was not mine to begin with, so it should have been returned. But if my finances are bad, maybe I will do the opposite,
because with 24 ETH coming in, it can help my finances.
sr. member
Activity: 1764
Merit: 260
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So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.
I'm curious what happened next after he was mistakenly given 24 ETH...

Huge money, but I'll personally choose to return it to them as I don't think my concience can take it if I'd chose to not return the money.
Plus that is the right thing to do, don't do to anyone what you do not want to be done into you.
That's the golden rule which I think one of the best rule that we have morally and ethically.
full member
Activity: 1162
Merit: 168
Mate, this is tricky question  well, my church mind will say I should return and maybe that’s the best thing to do, since it doesn’t belong to you and you know what you traded that you got more than.

But, I know for sure that some people are going to say that God has buttered your bread lol, it’s a decision you’re going to make for yourself because bringing it to the public means that you’re going to be getting a divided opinion, some will tell you not to return it that you’re lucky, while others would say you should return. And for me? Yes return it to them.
member
Activity: 538
Merit: 17
So many books, so little time
Scammer comes from an uncivilized nation

Just keep it, exchanges basically make tons and tons of money, what's 24 ETH to them?
hero member
Activity: 1582
Merit: 523
This is is huge money especially in our country it is hard to find a job that really pays huge salary. In this case, if someone will contact me definitely I will return the money. Better to do good deeds than to steal someone’s money, good karma will leads your way.
member
Activity: 538
Merit: 17
So many books, so little time
You mean to say that those funds should not be returned back? You look like a scammer, just want to ask that how many times you scammed other people?

Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

5% chance for someone to return and 95% wont tend to give it back.Its already a free money for you and someone will think that its their own fault.Why would the heck they will return it?
This is indeed a test of dignity and someones honesty but in todays era where money is valuable then its hard for someone to let their honesty be on the works.
$9000 is a big money and if someone do see that something that amount had put up into your wallet, would you give it back? i dont think so.


If I am the one who receive it , I can answer it directly yes , I can give it back to the rightfull owners  who send that money accidentally if that person  contact me directly .even it's already a free money. Its still not your money . It's depend on the person and how much he need it , as for me if I know I can earn it I don't see any reason why should I hide or steal the money I didn't own at the first place.
Im glad that there are still people who are really honest in kinds of this situation where they do still plan to give it back to the rightful owner.

How about if you don't know on who owned it? Lets say it came from exchange then would you tend to contact the exchange itself and tell that they
had mistakenly sent out those funds?


hero member
Activity: 2968
Merit: 687
Omg, if we are talking about the dignity and honesty of one's personality. If that friend of yours received the wrong coins which cost of course high amount of money, I think he should return that to that particular exchange. Whether it is decentralized or not).

The fact that the exchange has it's fault but they have a business running and that 24 eth is supposedly their profit now, or their companys "supposedly" income, they deserved to get back that 24 eth. I honestly doubt though that the person will return that.

5% chance for someone to return and 95% wont tend to give it back.Its already a free money for you and someone will think that its their own fault.Why would the heck they will return it?
This is indeed a test of dignity and someones honesty but in todays era where money is valuable then its hard for someone to let their honesty be on the works.
$9000 is a big money and if someone do see that something that amount had put up into your wallet, would you give it back? i dont think so.


If I am the one who receive it , I can answer it directly yes , I can give it back to the rightfull owners  who send that money accidentally if that person  contact me directly .even it's already a free money. Its still not your money . It's depend on the person and how much he need it , as for me if I know I can earn it I don't see any reason why should I hide or steal the money I didn't own at the first place.
Im glad that there are still people who are really honest in kinds of this situation where they do still plan to give it back to the rightful owner.

How about if you don't know on who owned it? Lets say it came from exchange then would you tend to contact the exchange itself and tell that they
had mistakenly sent out those funds?

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