Hope it’s okay to post a description of a very troubling problem I’m having with an exchange from which I withdrew some hundreds of USDT.
The exchange’s system auto-confirmed by email the correct amount and the correct address, but sent just one cent.
I don’t know where my money is. It hasn’t arrived in my account in the exchange I sent it to. And it’s no longer in the account of the exchange I sent from.
They don’t reply to my requests for support.
What would you do if you were me?
The exchange I sent from exchanges MAID and other cryptocurrencies besides bitcoin.
I know sometimes currencies can be hidden inside each other for transport etc, like MaidSafecoin inside bitcoin.
This also looks like a few cents (of bitcoin) being transferred, while they’re actually holding hundreds or thousands of dollars of MaidSafecoin inside, for example.
As indicated by @whiteoutmashups some currencies are managed in a layer built over bitcoin like omni protocol. You can paste your bitcoin receiving address on omnichest.info and check that it gives the right USDT balance…
The thing is you need to contact the exchange you send the USDT to. Maybe they got the privatekey to your wallet and in sucha way they’ll be able to extract your USDT info (privatekey), which you can import into a wallet that understands that it’s USDT.
Please keep in mind you can only send money, to a exchange/wallet that understands that money. sounds strange, but untill money can live like general understandable information, instead of information only understood by it’s bookkeeper (exchange/wallet), we’ll have this problem.
Thank you! OmniChest is the only block explorer I’ve found so far that includes the Tether part of the transaction! It’s listed in a different color to show … an/the … error.
I had been wondering how, technically, this was even possible. I did receive a confirmation email from the from-company for the right amount (of tethers). But on the receive-side, got just one cent.
My understanding at this point… Source-sides can’t know what the destination-side might or might not understand/accept. And it’s a problem because people like me do stuff like what I did. But the problem will evolve-away as “wallets” get better at detecting that some data is a valid currency, and other data isn’t??
Also, puzzled that one cent went through at all, since it was all USDT.
sounds strange, but untill money can live like general understandable information, instead of information only understood by it’s bookkeeper (exchange/wallet), we’ll have this problem.