I have been using LocalBitcoins for a year, i used to respect them and trust them.
I had a similar issue with Binance and they solved it and took a fee same week, but LBC refused to solve it and lied that they do not have a private key to use on their side to get the USDT.
Recently my client transferred $5,000 USDT to one of my LocalBitcoins BTC addresses by mistake.
From the start I thought that it’s not a problem.
I am pure technical guy and I know that USDT protocol is based on Bitcoin blockchain and if you have a private key from BTC address you can withdraw USDT from it.
I created a ticket and spend several days on negotiations with a LocalBitcoins support team.
I was disappointed so much with the company, coz I understood they don’t want to get me my money back.
Anyone with experience in blockchain will understand that USDT can be retrieved again from a BTC wallet if they want to,
Instead the company I used to trust started giving me newbie false information.
1 - They said they do not have the private key of their wallet, how come and it is a web based wallet that they manage, they have the key and they can easily use it to get my USDT back and send it back to me.
2 - They said my BTC wallet has no USDT inside it, and this is technically a lie because I have here the OmniExplorer link and it is clearly saying my money is there.
I even sent them a technical guide how to get the USDT from MY WALLET that they control, but they rejected it.
So by logic I came to a conclusion they are trying to make me stop asking for hard earned money of my client.
How it is possible: famous and honorable crypto exchange with
multimillionaire volumes prefers to scam and lose the client which has trusted to them and the price of their honor is only $5,000.
Probably hundreds of users are doing same mistakes every months. And all stollen funds are stored on LocalBitcoins wallets till the final exit scam of the company.
Dear LocalBitcoins team, these funds will not make you happier, your Karma is bad and it’s a shame on you.
I don’t advise to anyone to use LocalBitcoins services if you don’t want to lose all your funds one day when the company will decide to do the final exit scam.