Quote from: enhu on October 23, 2020, 08:14:46 PM

Quote from: Bitcoin_Arena on October 23, 2020, 01:06:57 PM

Quote from: CryptopreneurBrainboss on October 23, 2020, 12:38:49 PM

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.

Yeah, most of decentralized exchanges that claim to be fully dex are not exactly that which they claim to be, can you believe that when the lucky guy requested to withdraw the 24 usdt, the withdrawal request was put on manual verification, the guy was like, how can a 24 usdt withdrawal request be put on manual verification,? The guy kept silent even though the thought of contacting the exchange had crossed his mind several times, after about 3 hours, 24 eth was sent to his wallet instead of 24 usdt.

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.