Post
Topic
Board Wallet software
Merits 2 from 1 user
Re: Exodus wallet balance disappeared!
by
OmegaStarScream
on 27/07/2022, 08:00:46 UTC
⭐ Merited by vapourminer (2)
The exchange transaction between my Exodus wallets BTC to ETH. As I mentioned before, I passed KYC identity verification previously
and have done the same again at the time this happened. The question is how did they withdraw the funds from my wallet?
Did they logged in into my account?

As I previously mentioned, they can't access your wallet. If you used the built-in instant-exchange (and not FTX)... It should be something like this:

You send them the BTC (to their personal wallet) -> You wait until the transaction gets confirmed -> They run KYT[1] (or something similar)  -> If everything is good, then they send you the ETH. If not, they ask you to verify your identity first.

It was you who sent them the bitcoin when you initiated the trade. Everything happens automatically in the background without you having to copy/paste the address and amount. But If you check your BTC address on Blockchain.com, you'll see that the bitcoins were sent somewhere else.

[1] https://www.chainalysis.com/chainalysis-kyt/