Request to retrieve 12,000 USDT mistakenly deposited into Binance

Root
15d ago
31 Comments
Rejected

Please read this discussion for full context on this proposal.

If approved, this proposal will force transfer 12,000 USDT from 7P9y4pUmp5SJ4gKK3rFw6TvR24eqW7jVoyDs8LPunRYcHuzi to 7KATdGaienjW2hCZcqNLE83MqTdp5M94sULzbWUMLrYCuB2L

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Status
Decision7d
Confirmation12hrs
Attempts
0
Tally
26.4%Aye
50.0%Threshold
73.6%Nay
Aye
522.94MHDX
Nay
1.46BHDX
  • 0.0%
  • 0.0%
  • 0.0%

Threshold

Support3.84%
162.34MHDX
Issuance
4.22BHDX
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Happy to help, hope you'll get enough votes !

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Sorry to hesr that, but i didn see how binance agree with this force transfer or if this funds are really yours... i need some kind of proof on chain or this could be a bad very bad idea

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Can we get a known good to contact Binance and confirm anything?

Edited

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Are you sending the money back to the address you sent it from?

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Voted AYE, for the reason that the user experience is not friendly enough to welcome major users, this event is not only the mistake from the user, also as a Polkadot tech enthusiast, hoping the ecosystem grows stronger gradually, I really hope when in the future the application functionality grows more complex, most of the applications and chains are ready to serve crowd non tech users.

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Here are the recent deposit and withdrawal records from my Binance account and my Polkadot Asset Hub address 16ZQnKNNbkLWDyq5zJqSJhAeJVeK3a4hviKbNGswcZ5tZgZW. These records can all serve as proof that the address 16ZQnKNNbkLWDyq5zJqSJhAeJVeK3a4hviKbNGswcZ5tZgZW belongs to my personal account.

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13cKp89Uh2yWgTG28JA1QEvPUMjEPKejqkjHKf9zqLiFKjH6 is an address given to me by Jose. I originally thought that I could directly transfer funds out from my deposit address 16ZQnKNNbkLWDyq5zJqSJhAeJVeK3a4hviKbNGswcZ5tZgZW through withdrawals, but after several tests, I found that when I withdraw from Binance, the transfer-out address is a hot wallet address of Binance. I have honestly reported this issue to Jose.

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What is the cost of developing and supporting the Hydration network for the Binance exchange? Maybe it would make sense to hold a referendum on this issue? This would affect a larger number of Hydration network users.

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You have my support. I read everything you wrote and hope you can get your funds back.

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I am so sorry for the mistake that has resulted in having $12k temporarily locked up. Force transfer is something I find really hard to vote yes without a clear onchain permission given from the owner. I hope that hydration network is integrated soon to binance so they can help you further.

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Following a possible way to give some "on chain" proof that binance agree or the owner agree with this referendum,

I asked him to withdraw this specific amount from the account that have the 12k usdt but on AH to the sibling account of Hydration

The amount specific is 1. 355049 , since the decimal convertion will be ( #21), can check this on https://b64encode.com/tools/text-to-decimal/

Doing some reference of agreement. If no is possible to do this, i finds very hard to pass this, since there is not way to have some correlation

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If you can get someone from Binance in touch with lolmshizz and he confirms I can support.

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forceTransfer is an extremely powerful tool that comes with significant implications.

Exchanges and large actors monitor how such tools are used. If they observe such interventions, they may view the network as less trustworthy.

We need a clear confirmation & agreement with Binance in this case to make something like this happen.

I urge everyone who voted AYE to reconsider their vote as this is not just about helping out a user.

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Gave you my vote. I believe this is a limitation on hydration/polkadot and I do believe this will cause future errors because users do not understand cross-chain. I would say at least provide some note of cross-chain functionality and how it relates to sending to a CEX so this is not user friendly I agree.

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Right, but how is one to know the source chain when you are dealing with USDT? This is the problem that it is not user friendly on Hydration/Polkadot and I can expect many more mistakes if people start using the lending/borrowing so I see this as a problem on the Hydration/Polkadot side and needs to be better introduced or fixed on the back-end so a regular user will not have to know this stuff. This is not going to get people to use this application if it is not user-friendly and somebody this just cost $12000 for a mistake bound to happen many more times I believe. This cross-chain stuff between parachains / Asset Hub is confusing even for the more experienced crypto folks.

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This situation is unfortunate, but we can't prove this unless your proposal in the discussion thread and subsequently Jose's proposal here validates you are in control of this account by sending exact amount of tokens to selected address on AH.

Until then it's hard no. I will switch to abstain if you can prove the ownership on chain.

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I’m very sorry. Although I’ve had a tough week of communication with Binance, they still can’t provide me with any support. I’m really regretful and disappointed. I don’t know why Binance has become like this.

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