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Author Topic: Is Stake scamming me for 8.3 LTC?  (Read 141 times)
EsPargay (OP)
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November 09, 2021, 03:13:53 PM
Last edit: November 09, 2021, 03:51:29 PM by EsPargay
 #1

Hello,

On November 6th, I attempted to withdraw $1650 worth of LTC to my coinbase account. Upon doing so, I accidentally copied my BTC address instead of my LTC address and pasted it into the withdraw address field. I am sure that everyone knows that sending LTC to a BTC address is impossible but it still went through? I reached out to Stake's live support and they stated that since I inputted a BTC address, it would automatically generate a random LTC address and send it to that. Which is absolutely ridiculous because I obviously wouldn't receive the funds. Previously, I recall that it would state something along the lines of.. "This is not a LTC address" and refuse the withdrawal. Stake is refusing to refund my LTC as "they were sent to the address that you have sent to yourself", yet I inputted a BTC address not the LTC address that is listed in the transaction. I even attempted to send LTC on coinbase to a BTC address and it denies it saying that the address is incorrect. The LTC coins are now sitting in the address that was generated randomly.

Online it states that the only reason a LTC to BTC transaction or vice versa would go through is if a broken client was used or else it would return that the address is incorrect. Why am I being punished for a faulty withdrawal system when the transaction shouldn't even have gone through?

There is also no disclaimer stating that inputting a different coins address will push the transaction through with a randomly generated address of the correct coin. There's not even a "This address looks incorrect, are you sure you want to proceed?" or something similar to protect customers from this.

Hope to hear back with a resolution soon.

https://gyazo.com/1fa404b14e603b75a964cd55a189bcff
https://gyazo.com/626a842e20c34ef985a097d6a5ef3cbc
https://gyazo.com/06b993edeeff6c586b517ab3149b632d


EsPargay

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November 09, 2021, 03:25:43 PM
 #2

Bitcoin and Litecoin has same wallet address format since they are both using the same open source format for network payment. Your Litecoin is indeed on the Bitcoin address that you used buy you must must have the equivalent recovery seed or private key on Litecoin Blockchain in able to retrieve. Stake support is not lying to you there statement. You can send LTC to BTC Address and vice versa but they have a different key on each blockchain so it's very hard to retrieve this money. Sorry for your loss but I hope stake can detect if the address is not in LTC format though.

FYI most Bitcoin wallet can detect if the address is LTC. I wonder how stake do that. OP, can you provide screenshot of your conversation.

ADVERTISE YOUR CASINO HERE! ACTIVE GAMBLER!
EsPargay (OP)
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November 09, 2021, 03:51:48 PM
 #3

Bitcoin and Litecoin has same wallet address format since they are both using the same open source format for network payment. Your Litecoin is indeed on the Bitcoin address that you used buy you must must have the equivalent recovery seed or private key on Litecoin Blockchain in able to retrieve. Stake support is not lying to you there statement. You can send LTC to BTC Address and vice versa but they have a different key on each blockchain so it's very hard to retrieve this money. Sorry for your loss but I hope stake can detect if the address is not in LTC format though.

FYI most Bitcoin wallet can detect if the address is LTC. I wonder how stake do that. OP, can you provide screenshot of your conversation.

Added some screenshots
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November 09, 2021, 05:17:23 PM
 #4

They must have a pop-up saying the address error. I can't remember as I forgot if I have ever done that mistake or not.
I believe stake has given you transaction details, at least a tx id? Can you share that? If they really have sent LTC to a random address, they have nothing to do nor they are liable to IMO as it's your mistake.

Quote
I even attempted to send LTC on coinbase to a BTC address and it denies it saying that the address is incorrect.
That's coinbase. They have the system that doesn't necessarily mean every other site will have as well. It would be great to have such a feature but it's your responsibility as well.

Nevertheless, if stake has sent LTC to a random address, you are unlikely to achieve anything here.

DaveF
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November 09, 2021, 07:41:28 PM
 #5

What was the address that you gave them? And as RapTarX asked what is the TXID that Stake gave you?
As far as I remember Coinbase gives BTC addresses that start with 3 so they would be seen as a valid LTC address.

Side note, but important, Coinbase is known for not liking online casinos, so they will probably be no help.

-Dave

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EsPargay (OP)
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November 09, 2021, 09:42:35 PM
 #6

What was the address that you gave them? And as RapTarX asked what is the TXID that Stake gave you?
As far as I remember Coinbase gives BTC addresses that start with 3 so they would be seen as a valid LTC address.

Side note, but important, Coinbase is known for not liking online casinos, so they will probably be no help.

-Dave

The BTC address that I inputted in the withdraw field was "3PsQaYwXaXnfZUzNPZU2nqo7YuXUEyp8wm". The address that it was sent to was "MW5YtSMVXee6MzGGVSTNcV3Wsc7vDcrFwg". Here is the link. https://live.blockcypher.com/ltc/tx/53f9049744ac92de3b7f1ec938e57da33972528950c1dc88ffb423a5b523dbdd/
EsPargay (OP)
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November 09, 2021, 09:50:51 PM
 #7

They must have a pop-up saying the address error. I can't remember as I forgot if I have ever done that mistake or not.
I believe stake has given you transaction details, at least a tx id? Can you share that? If they really have sent LTC to a random address, they have nothing to do nor they are liable to IMO as it's your mistake.

Quote
I even attempted to send LTC on coinbase to a BTC address and it denies it saying that the address is incorrect.
That's coinbase. They have the system that doesn't necessarily mean every other site will have as well. It would be great to have such a feature but it's your responsibility as well.

Nevertheless, if stake has sent LTC to a random address, you are unlikely to achieve anything here.
Here is the transaction information that I have https://live.blockcypher.com/ltc/tx/53f9049744ac92de3b7f1ec938e57da33972528950c1dc88ffb423a5b523dbdd/. The BTC address that I submitted was "3PsQaYwXaXnfZUzNPZU2nqo7YuXUEyp8wm".
DaveF
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November 09, 2021, 10:53:00 PM
Last edit: November 09, 2021, 11:37:14 PM by DaveF
Merited by dkbit98 (1), RapTarX (1)
 #8

They must have a pop-up saying the address error. I can't remember as I forgot if I have ever done that mistake or not.
I believe stake has given you transaction details, at least a tx id? Can you share that? If they really have sent LTC to a random address, they have nothing to do nor they are liable to IMO as it's your mistake.

Quote
I even attempted to send LTC on coinbase to a BTC address and it denies it saying that the address is incorrect.
That's coinbase. They have the system that doesn't necessarily mean every other site will have as well. It would be great to have such a feature but it's your responsibility as well.

Nevertheless, if stake has sent LTC to a random address, you are unlikely to achieve anything here.
Here is the transaction information that I have https://live.blockcypher.com/ltc/tx/53f9049744ac92de3b7f1ec938e57da33972528950c1dc88ffb423a5b523dbdd/. The BTC address that I submitted was "3PsQaYwXaXnfZUzNPZU2nqo7YuXUEyp8wm".

Taking a look at: https://litecoin-project.github.io/p2sh-convert/ and putting in 3PsQaYwXaXnfZUzNPZU2nqo7YuXUEyp8wm gets you MW5YtSMVXee6MzGGVSTNcV3Wsc7vDcrFwg
so yes they did send the funds to the address you told them to. So no, Stake did not scam you.

More or less at this point your only hope is Coinbase pulling the private key from the BTC address and importing it into your LTC wallet.
I would put the odds of that between slim and none but not at total zero. They have done it before, but it's rare.


-Dave

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November 10, 2021, 09:03:41 AM
 #9

More or less at this point your only hope is Coinbase pulling the private key from the BTC address and importing it into your LTC wallet.
I would put the odds of that between slim and none but not at total zero. They have done it before, but it's rare.
EsPargay
I would just add on this that it would be a good idea not to say to Coinbase support that Stake sent them those coins, even if they probably know that with tracking analytics.
Better tell them that you made a mistake with sending, because I doubt they want to have anything to do with third party especially when it's gambling related.
You don't have to lie, so if they ask you if you used Stake you can say that you did.

PS
I hope you learned your lesson with this, better do double or triple check addresses confirmation before you send or withdraw any coins.

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BC.GAME
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November 10, 2021, 09:18:53 AM
Merited by The Sceptical Chymist (3), NotATether (1)
 #10

You need to revise your topic to "Accidentally using BTC address to receive LTC coins on Coinbase" this has nothing to do with Stake and make them are bad since it's an accusations.

Since the funds in Coinbase, this is their announcement regarding using wrong address.

What happens if I use the wrong Wallet address to send or receive crypto?

While Coinbase Wallet gives you complete custodian control over your digital assets, this also means that we're not able to recover any funds sent or received to an incorrect address. We strongly suggest that you double check addresses before sending or receiving crypto through Wallet.

So it's not stake scam you nor coinbase scam you, this because your own fault.
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November 10, 2021, 09:22:25 AM
 #11

Why am I being punished for a faulty withdrawal system when the transaction shouldn't even have gone through?
You are being punished because you did not check the address properly. No one own blockchain, if you make a mistake then you are liable for it, no one else. I am sorry it happened to you but this should be use as a good lesson for you.

More or less at this point your only hope is Coinbase pulling the private key from the BTC address and importing it into your LTC wallet.
This was your [OP] second mistake. I always send coins to my own wallet from a service. Then I send the coins (if the amount is large) to another service from my own wallet. This way I can prove or restore or solve any issue.

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