An FTX customer asked for help after mistakenly sending funds, resulting in a $ 1 million fee, as reported on the DeFi Rekt blog. So read more on our latest crypto news today.
Cryptocurrency holders were outraged after allegedly receiving a fee of $ 954,135 from the centralized exchange. The trader claims that the fee was collected due to a mistaken deposit that was believed to be due to the exchange. Rekt Blog posted some screenshots of the correspondence showing the problem began when consumers transferred about $ 6.3 million from the Defi Unit Protocol lending platform in September. Paxos Stablecoin has also been renamed USDP and the exchange changed the PAX token to USDP The user appears to have deposited $ 6.3 million in unsupported USDP tokens to the exchange address for the Paxos stablecoin.
This is a customer service notice.
Will FTX please stick to its own terms and conditions?
Dissatisfied @ftx_app Users asked for help after being overcharged ~ $ 954,135.
– rect (@RektHQ) October 6, 2021
FTX customers asked for help, so the exchange compensated users for the incorrect deposit by returning $ 5.4 million in stablecoins but setting aside a 15% fee, so users protested:
“You withdrew over $ 1 million from my first deposit. This is inconsistent with your Wrong Address or String Policy. I did not intentionally deposit USDP into your exchange, I was wrong. I want to appeal. “
Rekt reported that FTX had failed to comply with the conditions that a fee of up to 5% would be charged in such cases. According to reports, the terms now state that a minimum of 5% will be achieved if the exchange has to reclaim deposits made to incorrect addresses. Rekt says it checked the deposits on the blockchain and asked FTX for comments but got no response:
“As decentralized exchanges become more popular, trust becomes the most valuable trait that CEX can offer. In this case, FTX broke that trust and now they need to take action to fix it. “
The statements were also posted on the official FTX subreddit, but were removed late last month. One user replied to the tweet claiming he blogged on the FTX Telegram group and was immediately banned.
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