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A comment on Someone paid $2.6M in fees to move $134 worth of cryptocurrency. Parent comment

Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by crimsonalucard1 on Thursday June 11, 2020 @01:31PM (#23491177)
It is reversible. If you make a mistake like this oftentimes you can rely on law enforcement/bank to force the money to be given back. Not sure if this is possible with crypto.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by everfree on Thursday June 11, 2020 @01:35PM (#23491227)
Often it's not reversible in practice, if the destination bank/jurisdiction is not cooperative.

This is why you hear people losing their life savings to scammers in Nigeria, instead of just successfully suing them to get it back.

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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by crimsonalucard1 on Thursday June 11, 2020 @03:01PM (#23492215)
Yeah but usually that's not the case. Usually you can get it back.

I would say more often than not it's reversible.

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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by rootsudo on Thursday June 11, 2020 @01:34PM (#23491224)
If anyone read, it was reversed at 50% the cost.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by Hamuko on Thursday June 11, 2020 @01:36PM (#23491238)
It wasn't reversed. The beneficiary just agreed to give half of it back.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by TomMarius on Thursday June 11, 2020 @01:45PM (#23491372)
Same as with bank accounts and transfers.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by Hamuko on Thursday June 11, 2020 @02:09PM (#23491647)
Pretty sure I'm not just at the beneficiary's whim when it comes to bank transfers.
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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by TomMarius on Friday June 12, 2020 @05:12AM (#23497439)
As soon as it is out of country, it is up to them - there is no one who could force them.
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