24 eth instead of 24 usdt....What Will You Do If.......?

[Fivestar4everMVP]

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.

[mk4]

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.

[death69]

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

[mk4]

$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.

[jhonwick003]

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.

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.

[Wexnident]

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.

[noorman0]

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.

[Alucard1]

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.

[cryptoaddictchie]

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

Interesting scenario. Since they got some form of mistake Im not sure if they will asked for it. But for me, I will return it if someone or the exchange contacted me. I know it will be hard to contact the recipient since its a dex. Technically it will be depend on the user if his going to return it or not.

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.

[lixer]

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.

[fullhdpixel]

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.

[avikz]

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 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!

[Pamadar]

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.

[enhu]

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.

[boyptc]

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?

[milewilda]

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.

This would really be a test of greed level of a certain person but most of the time, people would just simply get it and wont tend to give it back.
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.

[CaVO32]

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.

[Rengga Jati]

.

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.
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.

[Smartvirus]

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!

[Bitcoin_Arena]

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.