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- #1
Scam Alert: Large-Scale XMR Non-Payment by "Swapter"
Swapter is a service previously listed on reputable aggregators. A user reported that 700 XMR (Monero) was withheld by the service after a failed exchange attempt, with communication stalling over a two-month period.
IIncident Details
Accused Service/User: Swapter (Bitcointalk: u=3664897)] ( https://bitcointalk.org/index.php?action=profile;u=3664897 )
Amount Involved: 700 XMR
Incident Date: Circa August 2024
Current Status: Non-refunded; service claims "liquidity provider issues" without providing proof or a timeline.
Timeline and Communication
Prior History: The user had a history of successful, smaller-volume transactions (50–500 XMR) with the provider, establishing a false sense of security.
The Failure: A transaction involving 700 XMR failed to process.
Ongoing Stalls: For 60 days, the user engaged with support, receiving repetitive claims regarding liquidity issues.
Broken Promises: The provider claimed to have escalated the case to a manager and sent follow-up emails, yet the user confirms receiving zero correspondence despite offering multiple contact channels.
Verification and Evidence
The complainant has taken the following steps to substantiate their claim:
* Provided redacted screenshots of the exchange history.
* Offered to provide unredacted documentation and direct transaction links to trusted community members/mediators for verification.
* Initiated official trust flags on the Bitcointalk forum:
* [Flag ID: 3488] ( https://bitcointalk.org/index.php?action=trust;flag=3488 )
* [Flag ID: 3484] ( https://bitcointalk.org/index.php?action=trust;flag=3484 )
Community Warning From Trêvoid
Site is still active and if you are currently using or considering using Swapter, exercise extreme caution.
Large-volume exchanges appear to carry a high risk of being held under the guise of "liquidity" or "AML" delays.
Swapter is a service previously listed on reputable aggregators. A user reported that 700 XMR (Monero) was withheld by the service after a failed exchange attempt, with communication stalling over a two-month period.
IIncident Details
Accused Service/User: Swapter (Bitcointalk: u=3664897)] ( https://bitcointalk.org/index.php?action=profile;u=3664897 )
Amount Involved: 700 XMR
Incident Date: Circa August 2024
Current Status: Non-refunded; service claims "liquidity provider issues" without providing proof or a timeline.
Timeline and Communication
Prior History: The user had a history of successful, smaller-volume transactions (50–500 XMR) with the provider, establishing a false sense of security.
The Failure: A transaction involving 700 XMR failed to process.
Ongoing Stalls: For 60 days, the user engaged with support, receiving repetitive claims regarding liquidity issues.
Broken Promises: The provider claimed to have escalated the case to a manager and sent follow-up emails, yet the user confirms receiving zero correspondence despite offering multiple contact channels.
Verification and Evidence
The complainant has taken the following steps to substantiate their claim:
* Provided redacted screenshots of the exchange history.
* Offered to provide unredacted documentation and direct transaction links to trusted community members/mediators for verification.
* Initiated official trust flags on the Bitcointalk forum:
* [Flag ID: 3488] ( https://bitcointalk.org/index.php?action=trust;flag=3488 )
* [Flag ID: 3484] ( https://bitcointalk.org/index.php?action=trust;flag=3484 )
Community Warning From Trêvoid
Site is still active and if you are currently using or considering using Swapter, exercise extreme caution.
Large-volume exchanges appear to carry a high risk of being held under the guise of "liquidity" or "AML" delays.