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Cypher withdrawal issues [Be warned!]

by /u/DigitalSin · 0 votes · 2024-04-11 15:40:00

As some people might have already noticed Cypher market has issue's with the withdrawal of funds.

Multiple users and vendors (also me) already gave their concern on some posts.

Up until now no announcement has been given by Cypher market themselves.

Let me come clear what happend and what my thought is on this issue.

2 weeks ago I found a bug in (/u/samwhiskey and /u/paris can confirm).
This bug wasn't that spectecular but still it was vurnable to spill information.
After giving this information to the staff on here I also contacted Cypher market, until now they still have not responded in an clear manner to me (how someone should normally behave when finding a bug).

The only thing they replied with was "who did you tell about this".
Nothing more came from them.

At 26th they probably tried to fix the bug that was shown.
Within that process they messed something up that made them "resend" the withdrawals from orders that been marked as delivered for multiple times.

Why do I think this?
Because I received multiple funds.

They send me the following on 26th March for 15x times:

[Time: 19:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 21:xx] 1.0xxxxxxxx XMR
[Time: 22:xx] 1.0xxxxxxxx XMR
[Time: 22:xx] 1.0xxxxxxxx XMR
[Time: 22:xx] 1.0xxxxxxxx XMR
[Time: 22:xx] 1.0xxxxxxxx XMR
[Time: 22:xx] 1.0xxxxxxxx XMR

Also the vendor /u/CANNAMAIL mentioned the same on a post that was deleted by a moderator: /post/e8f0ce774019a4374ecd

On the 27th of March, they did a "Maintance". This maintance probably needed to try to not get thing more out of hand.


List of people having issues with withdrawal since they went for maintance:

User: /u/emperorbruhlius
/post/050fa556886d1f0023d3

User: /u/cmoneycmoney345
/post/5ccc473ffbbe1ca7e55d

User: /u/NancyBotwin2021
/post/93eb2aed6e4e3a208a66
/post/16ffea4bf0898c0cad22

User: /u/DreamWeaver
/post/863f1d7003462492294a

User: /u/MerrianWebster
/post/41ad27c09fdcb6ca69e8

User: /u/iamkaws
/post/b7bca3af6326425628a5

User: /u/eb314cda
/post/25eb0224715225a21feb

User: /u/kingishere
/post/b7201ba8a425f7a23429

User: /u/IcyGrape
/post/b7201ba8a425f7a23429

User:/u/reddoor
/post/b7201ba8a425f7a23429


Most of the people mentioned above are vendors, so please don't say it's shilling or whatsoever.

People be warned.


User: /u/porkypig

I do see value in posting something that basically says you're not the only one maybe a little comforting maybe a little concerning but knowing that it's a widespread issue helps in context. Also, I think that any market that owns control of funds, especially for they're not their own kind of living in the dark ages. At this point there are other business models that you can put on a market. For example of pay to play charge a flat fee every single month and then any percentage that you get off, the top comes in the form of a bill (royalties + subscription fees) and if that vendor doesn't pay up, their account is shut down. why any marketplace would be wanting responsibility over funds given the beating up that they're going to get when something goes south is beyond me