Topic: 24 eth instead of 24 usdt....What Will You Do If.......? (Read 639 times)
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.
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. And note.... This is not fictional, it happened for real to a crypto friend of mine.
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.
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.
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.
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,
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.
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.
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 
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.
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.
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.
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.
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.
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.
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.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.
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.
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.
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.
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.
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.
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.
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.
Scammer comes from an uncivilized nation
Just keep it, exchanges basically make tons and tons of money, what's 24 ETH to them?
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.
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?
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?
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.
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.
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?
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.
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.
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?
Those funds should be returned because those are not your funds, those are the funds of many people!
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.
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.
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.
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.
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Of course not ! I would not have returned a cent, unless, of course, I had not been specifically asked about it. This is bug of the exchange owners and, accordingly, this is their personal problem.
I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.
And just like I've said here before, I personally would not have returned a dime from that 24 eth if it was me this thing happened to, trust me, except they contact me, then we will negotiate how many eth I Will return back to them, this exchanges don't send anyone of their users, they probably have stolen from their users much more than we all can ever imagine and maybe this is God's way of taking from them and giving back to the poor lucky guy😂😂,I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.
And as an update, the exchange didn't contact the lucky guy up till now and the guy in return have not returned the eth, Infact, he spent some already.
Of course not ! I would not have returned a cent, unless, of course, I had not been specifically asked about it. This is bug of the exchange owners and, accordingly, this is their personal problem.
I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.
I am sure that any major exchange will also receive substantial insurance payments if this happens, so you should not return anything to anyone.
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.
I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault.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.
And while I like to believe the majority would give the money back taking into account the anonymity that bitcoin can give to its users then there is a decent chance many will opt for not returning the money and simply never play in that casino again even if they know their actions are wrong and cannot be justified.
Human error is pretty common thats why these kind of circumstances or possibilities can really happen even i do still have hope that theres still honesty and dignity on where most people on this world have..
There would be always some alibi and reasons for themselves to tell that its their fault, why should i give it back? Its a good amount of money but there would be still someone will return those funds
without hesitation.Lucky for those who had accidentally or the exchange itself had some fault on sending out funds which isnt on the right amount.In my case then most likely i wont return it
for sure. lol
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.
I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault.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.
And while I like to believe the majority would give the money back taking into account the anonymity that bitcoin can give to its users then there is a decent chance many will opt for not returning the money and simply never play in that casino again even if they know their actions are wrong and cannot be justified.
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.
I wonder if someone did it already since having a crypto wallet is anonymous? Some people will think this way but some people will come up with an excuse to put the blame on the exchange. You know it's kinda big money if you trade it to fiat so I think most people would be greedy to accept the fact that it's the exchange fault. It's always a hard decision especially if you are living in a third world country so you will definitely gonna get their answer as the exchange fault. 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.
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.
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.
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.
I will return the money however I will be lying if I said I will not be tempted by such amount of money, while that is not life changing money in my country who does not like the idea of having more money on their savings account? But this is not the right way to do it.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.
While do not believe in the law of attraction and all that stuff it is obvious that if you are the type of person that takes advantage of such mistakes eventually people are going to caught on and sooner or later you will find yourself completely on your own and when you need to help of someone else no one will give it to you because they know the type of person that you are.
Eh, I won't judge you if you don't return it. If you truly need it that is, and you're not really to blame if you were to ever run with it, simply because it was an error on their part and not necessarily yours. I would probably not return it if I were in your shoes, especially if the said exchange stays silent and doesn't demand a return. If they demanded, I might give in since I'm not particularly at a difficult spot, but if they don't, I don't see a reason why I should.
Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
It's been 4 days now, the exchange has not asked for it and the lucky guy has refused to return the money, not because the exchange has not asked for it, but because he had about 0.275 eth on the exchange and some other altcoins worth about 0.7 eth, in about 1 hour after he received the 24 eth in place of 24 usdt, the exchange emptied all his wallet, he's 0.275 eth was gone, he's altcoins worth 0.7 eth was also all gone, because of this, he decided he's not going to make contact with the exchange except they contact him which I personally don't think is possible cus they don't have any of his personal information. Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
I believe his 0.275 Eth and altcoins worth 0.7 Eth would not have been lost if he just allowed the good Samaritan in him to do the right thing. Anyway, he should take action already and stop dragging feet! The reason he gave for not contacting the exchange will not sail as four days is already too long to make any form of contact with the exchange. Contact the exchange, return their money and get yours back or just simply forget ( while accepting 50% of the blame too).
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.
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.
The fact is if the exchange is KYC based, definitely the exchange will come after the person if they don't return the funds lmao. 22 eth is a substantially good amount.
(....)
The problem is the said exchange is decentralized, as OP said.(....)
So the difficult part here is how the exchange contacts the owner of Ethereum address.
Since there is no information on the owner of the ethereum wallet, so there is also no way that the exchange knows the owner.
For me, to be honest, I will think that it will become a lesson for the exchange itself if they were already known that was a bug, it's like it is already a loss of them because of their fault also, although we can't really sure 100% on every system, there will be always a hole.
To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.
It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.
I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that honesty will really be in big question.
Lol Don't lose hope for humanity brow. There are good people still, it may bve hard to beleive but deep down inside these people there is a good intention to return back the coins. Circumstances though can change minds of individuals, there is the need to weigh-in for them whether to return or not. Its tempting because its a big amount.
I still believe that the good side of humanity still exists. If you are a person that had upbringing of sticking to your principles no matter what the circumstances are laid onto you, I believe you will do the right thing. Because you can't live from that money that you know is not yours. It is better to live a modest life rather than live in a semi-comfortable one that you know it is not your hard-earned money. So basically, your principles in life here is really tested.
To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.
It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.
I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that honesty will really be in big question.
Lol Don't lose hope for humanity brow. There are good people still, it may bve hard to beleive but deep down inside these people there is a good intention to return back the coins. Circumstances though can change minds of individuals, there is the need to weigh-in for them whether to return or not. Its tempting because its a big amount.
The fact is if the exchange is KYC based, definitely the exchange will come after the person if they don't return the funds lmao. 22 eth is a substantially good amount.
But as an ethical person, I'll simply return it. Why would I make loss to a platform that is a genuine business and through which I make genuine earnings? I would never do that!
I'm sure, when I return the 22 eth, the exchange will definitely gift me something in return
even if they don't, it's ethical and moral for any sane person to return it back
But as an ethical person, I'll simply return it. Why would I make loss to a platform that is a genuine business and through which I make genuine earnings? I would never do that!
I'm sure, when I return the 22 eth, the exchange will definitely gift me something in return
even if they don't, it's ethical and moral for any sane person to return it back
Wow, first of all, I believe this is a true story, but it's not 24 eth but my friend once had such an experience, he pulled out about $ 45,000 from an exchange instead of $ 2,000.
I also don't think this is a story that should be used to judge one's personality. They are not intended to steal or deceive, but it is difficult to resist the temptation of not a small amount. No matter what, if the opportunity is not of one person, it will also come to another. So the best way is to quickly pull it out, use it to stabilize your life, keep investing. And when you have a strong financial position, give a small deduction to public service or charity.
I also don't think this is a story that should be used to judge one's personality. They are not intended to steal or deceive, but it is difficult to resist the temptation of not a small amount. No matter what, if the opportunity is not of one person, it will also come to another. So the best way is to quickly pull it out, use it to stabilize your life, keep investing. And when you have a strong financial position, give a small deduction to public service or charity.
To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
99% of us people wont really return this money for sure.This is indeed a big money on where most people cant really even earn for sometime no matter how hard they do their 8-5 jobs.
It might be sound harsh but people are naturally greedy and theres no way that people cant just easily slip that big amount into their hands which they would rather consider it as a blessing instead.
I highly doubt to those people who do tell that they would return the amount that had been accidentally been sent out but when you are in the actual situation then i would say that
honesty will really be in big question.
24 Ethereum now is more than $9,600 and what you sent to them is 24 USDT which is worth $24. To be sincere I am going to have difficulties in making a decision in a case like this, and to make it worse, if you tell your friends they will say things like “well you’re a lucky man, so why give it back?”
But with my church mind, I am definitely going to say that you should give it back to them and collect what is right. Then the question is how many of us will be ready to give it back to them? But I’d still say that you should listen to the voice within you and do what’s right.
But with my church mind, I am definitely going to say that you should give it back to them and collect what is right. Then the question is how many of us will be ready to give it back to them? But I’d still say that you should listen to the voice within you and do what’s right.
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.
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.
In a situation such as this, one is faced with a very tough decision and it is only one's moral and religious standard that best influences one's decision.
24 ETH, about $9000, is a huge sum of money in my country. Personally, I will return it not forgetting how difficult that would be.
I, however, think I should get a compensation fee for returning the money. I'm sure not everyone would return such amount and I should be praised for doing that.
A few years ago there was an exchange (CEX) that had bugs, I don't know if it happened to all pairs but the bugs I know are on BTC to Altcoin, when you place a sell order and cancel it then your coins will increase more than 70% there are traders who tried to withdraw the coins and it was successful sent to wallet.
Back to the topic, I would choose to return it even if the value could make a difference to my finances and I will not consider that as luck, but more to prove someone greedy or not.
Back to the topic, I would choose to return it even if the value could make a difference to my finances and I will not consider that as luck, but more to prove someone greedy or not.
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.
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.
Icould not understand how it happened because 2 wallets are different like USDT and ETH wallet. But if that mistaken happen i must connect to CEO of that exchange and try to back the ETH because that is not my money or eth. Honesty need every where and it can not earn by money. So i will request to everyone about it.
thanks.
legendary
Activity: 2422
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Leading Crypto Sports Betting & Casino Platform
After reading your initial post, the good samaritan side of me kicked in, I would had returned the money assuming I didn't see the other side of the story which comes as a surprise. Thought the exchange was decentralized, how then were they able to seize or empty the account of the user?. I'll be glad if more details are reviewed like the exchange name so we can stay away from patronizing them in the future. They made an honest mistake that they can take to social media and ask for their funds to be returned.
Through tinkering with some code in the smart contract or something like that?This goes to show how so many of the so-called decentralized exchanges are not actually decentralized.
If the exchange was decentralized as they claim and is using a smart contract to execute trades, deposits and withdrawals, then there was probably a mistake or bug with their exchange and like I said, there is a likelihood the person who the lucky chap traded with got screwed up. They probably just helplessly saw the 24 ETH get drained from their account instead of 24 usdt, otherwise, where else would the 24 ETH come from if not from a fellow trader
OP, if you don't mind, could you please share the name of the exchange?
Hope he'll share the information. If giving away 24ETH just to be called DEX is thier idea, I'd be glad to trade there as well.
Decentralize excahnges are not completley decentralized some are decentralize in some degree like being a non custodial alone. But obviously there are admins in the exchange that will manage things and provide support. UNIswap I believe is more decentralized, its somewhat like the (INJ) Injective Protocol where users can even add a trading pair.
So, I personally think that this is as a result of a bug in their system, maybe the system saw usdt as eth and the management thought it was actually eth the guy wanted to withdraw.
legendary
Activity: 2422
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Leading Crypto Sports Betting & Casino Platform
It's been 4 days now, the exchange has not asked for it and the lucky guy has refused to return the money, not because the exchange has not asked for it, but because he had about 0.275 eth on the exchange and some other altcoins worth about 0.7 eth, in about 1 hour after he received the 24 eth in place of 24 usdt, the exchange emptied all his wallet,
Quote
After reading your initial post, the good samaritan side of me kicked in, I would had returned the money assuming I didn't see the other side of the story which comes as a surprise. Thought the exchange was decentralized, how then were they able to seize or empty the account of the user?.
This is why I initially said that the exchange is semi decentralized but claimed to be fully decentralized, any DEX where the user have to deposit ether or token before they can be able to trade it is not fully a DEX, they were able to empty the guy's wallet cus they had full access to the funds that were deposited to their exchange,
Quote
I'll be glad if more details are reviewed like the exchange name so we can stay away from patronizing them in the future. They made an honest mistake that they can take to social media and ask for their funds to be returned.
Probably the receiver would see this new development and do the needful, which might benefit him more as the whole world will see his good deed and probably reward him more either directly from the exchange or other source. Although if at last the receiver refuse to send back the fund I won't judge him because if I was in his situation, I'll likely do the same or take back my funds and send back theirs.
Unfortunately, there was no way for them to contact they guy directly cus they had no information of him, the more unfortunate thing is that as soon as the lucky guy discovered they've emptied his wallets on the exchange, he immediately converted about 20 ether to fiat and vowed never to return it even if he was later contacted, I couldn't say much, so he doesn't think am jealous, and beside, if I was in his shoes, I would have done same, I will think about revealing the exchange...
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.
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.
I will give it back to the owner if there is away to send it back or if they send me a an email or message that they have mistakenly send the wrong coins instead of USDT.
Thats was exchange fault how ever that's not mean you own that money if you know who's the real owner is. it also happen to me in 2016 one of the bounty campaign accidentally send me 2x of the amount they should send me as payment. Its large money that I can sell that time and convert to btc but I choose to wait for their messeage since I know its just a mistake .
After reading your initial post, the good samaritan side of me kicked in, I would had returned the money assuming I didn't see the other side of the story which comes as a surprise. Thought the exchange was decentralized, how then were they able to seize or empty the account of the user?. I'll be glad if more details are reviewed like the exchange name so we can stay away from patronizing them in the future. They made an honest mistake that they can take to social media and ask for their funds to be returned.
Through tinkering with some code in the smart contract or something like that?This goes to show how so many of the so-called decentralized exchanges are not actually decentralized.
If the exchange was decentralized as they claim and is using a smart contract to execute trades, deposits and withdrawals, then there was probably a mistake or bug with their exchange and like I said, there is a likelihood the person who the lucky chap traded with got screwed up. They probably just helplessly saw the 24 ETH get drained from their account instead of 24 usdt, otherwise, where else would the 24 ETH come from if not from a fellow trader
OP, if you don't mind, could you please share the name of the exchange?
Hope he'll share the information. If giving away 24ETH just to be called DEX is thier idea, I'd be glad to trade there as well.
Decentralize excahnges are not completley decentralized some are decentralize in some degree like being a non custodial alone. But obviously there are admins in the exchange that will manage things and provide support. UNIswap I believe is more decentralized, its somewhat like the (INJ) Injective Protocol where users can even add a trading pair.
After reading your initial post, the good samaritan side of me kicked in, I would had returned the money assuming I didn't see the other side of the story which comes as a surprise. Thought the exchange was decentralized, how then were they able to seize or empty the account of the user?. I'll be glad if more details are reviewed like the exchange name so we can stay away from patronizing them in the future. They made an honest mistake that they can take to social media and ask for their funds to be returned.
Through tinkering with some code in the smart contract or something like that?This goes to show how so many of the so-called decentralized exchanges are not actually decentralized.
If the exchange was decentralized as they claim and is using a smart contract to execute trades, deposits and withdrawals, then there was probably a mistake or bug with their exchange and like I said, there is a likelihood the person who the lucky chap traded with got screwed up. They probably just helplessly saw the 24 ETH get drained from their account instead of 24 usdt, otherwise, where else would the 24 ETH come from if not from a fellow trader
OP, if you don't mind, could you please share the name of the exchange?
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
It's been 4 days now, the exchange has not asked for it and the lucky guy has refused to return the money, not because the exchange has not asked for it, but because he had about 0.275 eth on the exchange and some other altcoins worth about 0.7 eth, in about 1 hour after he received the 24 eth in place of 24 usdt, the exchange emptied all his wallet,
After reading your initial post, the good samaritan side of me kicked in, I would had returned the money assuming I didn't see the other side of the story which comes as a surprise. Thought the exchange was decentralized, how then were they able to seize or empty the account of the user?. I'll be glad if more details are reviewed like the exchange name so we can stay away from patronizing them in the future. They made an honest mistake that they can take to social media and ask for their funds to be returned.
Probably the receiver would see this new development and do the needful, which might benefit him more as the whole world will see his good deed and probably reward him more either directly from the exchange or other source. Although if at last the receiver refuse to send back the fund I won't judge him because if I was in his situation, I'll likely do the same or take back my funds and send back theirs.
Practically no one is going to return the money once they received it into their wallet and exchange also can't ask about this once the confirmation done because if the ssme mistake wss done by the user then they also just take the money from people and only in rare cases they will return it to the user.
To be honest I am definitely tempted by 24 ETH, and I will consider it mine. But if the exchanges ask me to return it,
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
I will do it. Because from the start it was not my right. But I won't refund if not asked, I know what I did wrong.
But on the other hand it's a pretty big amount of money, and I'm just an ordinary human who has greed too.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Is your friend sure that it's from the exchange? they probably have experienced some bug with that withdrawal and it's obvious.
Is it possible that you can post the txid?
Sorry, I can't provide txtid cus I don't have it, but I will share the screenshot my friend shared with me, for security reason, I have to blur the addresses involved. Is it possible that you can post the txid?
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Eh, I won't judge you if you don't return it. If you truly need it that is, and you're not really to blame if you were to ever run with it, simply because it was an error on their part and not necessarily yours. I would probably not return it if I were in your shoes, especially if the said exchange stays silent and doesn't demand a return. If they demanded, I might give in since I'm not particularly at a difficult spot, but if they don't, I don't see a reason why I should.
Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
It's been 4 days now, the exchange has not asked for it and the lucky guy has refused to return the money, not because the exchange has not asked for it, but because he had about 0.275 eth on the exchange and some other altcoins worth about 0.7 eth, in about 1 hour after he received the 24 eth in place of 24 usdt, the exchange emptied all his wallet, he's 0.275 eth was gone, he's altcoins worth 0.7 eth was also all gone, because of this, he decided he's not going to make contact with the exchange except they contact him which I personally don't think is possible cus they don't have any of his personal information. Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
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.
From my personal point of view. I would try contacting the support of the exchange on how best i would refund the money and then follow instructions as advised. Remember for every such loss or mistake that happens, someone is getting screwed out there and the exchange might not be the one to take up the loss. And note.... This is not fictional, it happened for real to a crypto friend of mine.
So let's discuss.
I believe mysteries surrounding this scenario would be better unraveled if your experiencing it right away other wise, their is going to be a lot of biasness in our answers. 24ETH is quite a lot compared to your original withdrawal. One thing is this, in as much as it could be a mistake, it could be a phishing attempt too. After all, we've had testimonies and warnings of Satoshis been aren't from anonymous or unexpected users all in a bid that the receiver tries to accumulate in other wallets and gets his details trail and licked. So, it's sure to come with a lot of mixed feeling and thoughts and if you had needs or not, a need would always arise for which the currency can satisfy.
But, what you should consider is this, 'Do unto others what you prefer done to you'. If you are good and believe in goodness, then, you should correct a mistake or error in the process rather than become one yourself. I'll send it back as it in turn earns me my good name, credibility and a friend for which I believe would aid me someday and I'll be better much satisfied with my conscience that way. Peace of mind is everything!
But, what you should consider is this, 'Do unto others what you prefer done to you'. If you are good and believe in goodness, then, you should correct a mistake or error in the process rather than become one yourself. I'll send it back as it in turn earns me my good name, credibility and a friend for which I believe would aid me someday and I'll be better much satisfied with my conscience that way. Peace of mind is everything!
.
And note.... This is not fictional, it happened for real to a crypto friend of mine.
So let's discuss.
I am a little bit surprised by this. Because, we actually send USDT to another USDT wallet address, so how can they send ETH? Except, they use the ERC20 network. And note.... This is not fictional, it happened for real to a crypto friend of mine.
So let's discuss.
But, this is very rare.
And if it happens to me, I will give it back with my pleasure. Of course, 24ETH is a very big amount for me, and I can use it for many things, for the things and necessities that I must fulfill.
But personally, I will never live peacefully and well with this. It means that we take others although it is their fault. And we can think if it happens to us as the owner of the decentralized exchange, we will lose much money.
ANd buddy, sometimes, being honest is very difficult, but trust me, if you are honest, you will live much more easily and peacefully without something wrong in your life.
I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in. I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money and I'm definitely going to be tested.
This is very true. At the end of the day, are you going to sleep soundly and peacefully that you got money from someone and you have the chance to correct the situation? This is a question of morality. How intact is your principle in life? For me, I will just ask myself, will my conscience be clear if I will not do anything about it, if not, then, do the right thing. Because it is better to live without anything bothering your conscience. That money, you can still earn that even if it takes your lifetime. At least your conscience is clear and can live a happy and contented life. That's already priceless for me.
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.
Conscience? that dont work as of todays situation where money is always the main priority. Who the hell will not really be tempted on that amount.
24 usd = 9000 usd ? There's no doubt that people will surely grab it and wont give it back and thinking off that was some easy money there
and as said by others where this amount on 3rd world country is already big and they wont let for that change to slip away just
to give it back.Its sad but this is the reality as of these days.
Is your friend sure that it's from the exchange? they probably have experienced some bug with that withdrawal and it's obvious.
Is it possible that you can post the txid?
Is it possible that you can post the txid?
Did your friend return the 24 ETH? 24ETH is huge, it could really help me in this crisis period.
I would really have to send chat to the support of the decentralize exchange to see if their system are working good. Because its a big loss for this DEX and I wouldn't want to contribute the downfall of this new project all because they mistakenly did something.
Being honest that huge amount will really test me..
My big part of me will say that it's free money and there's no way that it will be traced up given from the fact that you said it's semi decentralized exchange, meaning to say that there's no KYC that being asked, and also to point it out the coins already been sent out so there's no way to claimed it back, I'll take it as blessing in disguise. Just saying..
But my other side still believe in karma, maybe for a while it will brings something good, but who knows what will happen after having this luxuries.
My big part of me will say that it's free money and there's no way that it will be traced up given from the fact that you said it's semi decentralized exchange, meaning to say that there's no KYC that being asked, and also to point it out the coins already been sent out so there's no way to claimed it back, I'll take it as blessing in disguise. Just saying..
But my other side still believe in karma, maybe for a while it will brings something good, but who knows what will happen after having this luxuries.
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.
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.
I would straight away return the money after contacting the support team of that exchange. Because I strongly believe that if you haven't earned the money, you will never be able to digest the money! It just can't happen! Not today, not tomorrow but someday you will have to pay it back in other way or in other incident. People should use only that money which are rightfully theirs!
So without even thinking twice, I will return that 24 ETH to the exchange! There's no 2nd thought!
I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in.
I believe it is easy to advice than to do it when it actually happens to us. I mean yeah I think like you too that I would return the money but really I don't know how would I react when it happens with me because I work hard to survive and this amount is humongous to be getting for free.I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money and I'm definitely going to be tested.
Indeed and I can tell you that not everyone in the Asian countries even earn that much annually so imagine getting your annual salary in advance without working .. that must be a big test of character for anyone.I think though exchanges earn a lot and they might let you keep the 24 ETH but I'm not sure.
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.
Very strange that this would happen because as far as I know almost all the exchanges have automatic process of sending withdrawals and the staff has to just approve it, so I mean if this happened with your friend then it must have happened with others too and the exchange might be empty within days of operating.Now coming to the point whether we should return the coins or not to exchange, it really depends if the exchange sends you an email and request for the backs to be sent back. I would never send them coins unless they realize the mistake first and email me and once they email I would have no have no problem sending them back the funds although it's tempting.
So my question is.. What will you do? Will you return the money?
There is nothing wrong for anyone who would take it. But the moral and guilt for anyone who would do this will probably haunt them forever. So I definitely return it too. I know some people who even doing this if they have taken advantage. But God knows what to do to people whom taking advantage of others. Karma is coming your way in a least you expect it.
Honestly, if I were in the story, I wouldn't return the money, 24 ETH is huge money and it is really hard to earn especially in our country, I am just being practical, that money will help me in my daily needs and wants. I won't spend it on some unnecessary things but I will spend it on making business and investment, I wouldn't lose this kind of opportunity. I know that the exchange is already rich and they already have a huge amount of money, the 24 ETH is not that too high for them to make mistake. I will always grab the opportunity that will be given to me. It is not that I will be so desperate for doing such bad things or criminal activities, I am so against with that, but the case in the story is that it is not my fault that I received the wrong amount of money.
return it, I don't want to be haunted by guilt, regret, and worry all my life. And I don't want them bothering me to hit my $9k the right way.
It is difficult to consider this decision, especially during times of unfavorable personal finances. But I will think about the huge risk later on to damage my reputation and honor.
It is difficult to consider this decision, especially during times of unfavorable personal finances. But I will think about the huge risk later on to damage my reputation and honor.
Eh, I won't judge you if you don't return it. If you truly need it that is, and you're not really to blame if you were to ever run with it, simply because it was an error on their part and not necessarily yours. I would probably not return it if I were in your shoes, especially if the said exchange stays silent and doesn't demand a return. If they demanded, I might give in since I'm not particularly at a difficult spot, but if they don't, I don't see a reason why I should.
Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.
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.
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.
If I personally if the exchange asks about it then I will return it and maybe they will also appreciate my efforts, such as the bug in hoo ** that happened in the past and finally the recipient also gets the reward he deserves from his kindness and honesty.
$9000 is about an annual salary of people who lives in third world country. To some people, it can worth way more than that. Tough choice is need to be made. Only he and his conscience are the one who decide what to do here. No one will know about what the hell is going on between him and an exchange.
It's actually a lot worse. In the Philippines, when talking about the annual salary of the masses(the little to no savings demographic), $9000 is 2 years worth of salary. What more for the poorer 3rd world countries.
I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in. I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money.
$9000 is about an annual salary of people who lives in third world country. To some people, it can worth way more than that. Tough choice is need to be made. Only he and his conscience are the one who decide what to do here. No one will know about what the hell is going on between him and an exchange.If I were him, I would return 23.5 eth and keep 0.5 for myself. Every mistake has a consequence and I am kind enough not to keep those 24 eth for myself. But they must willing to give me 0.5 as a fee of being careless sending x40 times the value of a withdrawal. We all have our own demon inside, right
I just tried to placate mine
I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in. I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money and I'm definitely going to be tested.
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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.
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.
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