ParaSwap Appeal

Mummy - No Role
Dec. 23, 2023, 10:42 a.m.

The paraswap team acknowledges that they are taking user funds wrongfully and even so they create barriers and refuse to refund users or give any appropriate information about it. image 1156 × 266 84 . 1 KB It is not common at all a team making a mistake like this and after taking user funds as hostage and demand users to make a governance vote to the DAO requesting a refund. ( not doable as it would require owning their token). What happened is that paraswap augustus swapper is taking users slippage set and taking that % as a fee that they collect to the DAO. The team also implies it was a “surplus”, the surplus refers to positive slippage in a swap, which is def. not the case here. In the following example they took a bit over 30 % of the user swap to their fee collector (Arbitrum Transaction Hash (Txhash) Details | Arbiscan 7 ) . I don’t think its normal for a team at this stage and level to low tier-scam users out of their funds, specially after acknowledging the error is on their end. as i am writing this post has been over 5 days the team is reviewing my tx and muted/blocked me from contacting them, which leads me to believe this is a pure scam with intention. All users complaining in their community are left unanswered or in my case muted or blocked. It’s not okay for a team to steal user funds and puts all their effort in shuting down user, not fixing the problem. (the team even tried to fool users with fake explanations of what slippage and surplus are, which not coincide to their docs). They claim the surplus is the positive slippage but they are charging any amount of slippage user sets. (like the trade where they gobbled 30 % of user funds on swap) Please take a deeper look and i am ready to provide a lot more information about this and evidences that support my appeal. How many users have been rolled by them and scammed by it without noticing really?

The post discusses an issue where Paraswap's Augustus Swapper is taking a portion of the user's funds as a fee without proper explanation or transparency. The team is accused of wrongfully holding user funds and not providing refunds or appropriate information. Users are reportedly blocked or muted when trying to address the problem. The team allegedly demands users to make a governance vote for a refund, which is practically impossible without owning the team's token. The author questions the legitimacy of the team's actions and calls attention to potential scams affecting users.

Likes: 1 Replies: 0

Likers: FractalVisions

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Mummy - No Role
Dec. 23, 2023, 10:42 a.m.

The paraswap team acknowledges that they are taking user funds wrongfully and even so they create b… The paraswap team acknowledges that they are taking user funds wrongfully and even so they create barriers and refuse to refund users or give any appropriate information about it. image 1156 × 266 84 . 1 KB It is not common at all a team making a mistake like this and after taking user funds as hostage and demand users to make a governance vote to the DAO requesting a refund. ( not doable as it would require owning their token). What happened is that paraswap augustus swapper is taking users slippage set and taking that % as a fee that they collect to the DAO. The team also implies it was a “surplus”, the surplus refers to positive slippage in a swap, which is def. not the case here. In the following example they took a bit over 30 % of the user swap to their fee collector (Arbitrum Transaction Hash (Txhash) Details | Arbiscan) . I don’t think its normal for a team at this stage and level to low tier-scam users out of their funds, specially after acknowledging the error is on their end. as i am writing this post has been over 5 days the team is reviewing my tx and muted/blocked me from contacting them, which leads me to believe this is a pure scam with intention. All users complaining in their community are left unanswered or in my case muted or blocked. It’s not okay for a team to steal user funds and puts all their effort in shuting down user, not fixing the problem. (the team even tried to fool users with fake explanations of what slippage and surplus are, which not coincide to their docs). They claim the surplus is the positive slippage but they are charging any amount of slippage user sets. (like the trade where they gobbled 30 % of user funds on swap) Please take a deeper look and i am ready to provide a lot more information about this and evidences that support my appeal. How many users have been rolled by them and scammed by it without noticing really?

Likes: 1 Replies: 0

Likers: FractalVisions

No replies yet.
Mummy - No Role
Dec. 23, 2023, 10:57 a.m.

overall the team is stealing from users on swaps and after creating barriers and refuse to refund t… overall the team is stealing from users on swaps and after creating barriers and refuse to refund those who noticed the scam. Their excuse of unusual token movement is simply bullshit, anyone that can check a tx can see that they are just taking it into their fee collector, there was not really any market movement.

Likes: 2 Replies: 0

Likers: nanobro, FractalVisions

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Mummy - No Role
Dec. 23, 2023, 11:03 a.m.

and nop, this is no irregular market movement. its simply paraswap team scamming wtv slippage % use… and nop, this is no irregular market movement. its simply paraswap team scamming wtv slippage % users have image 1805 × 270 54 . 2 KB 4 rd line they take 30 %+ of user swap to their fee collector and call it a “surplus”, idk what is worst scamming or pretend we all dumb and gonna eat the scam

Likes: 2 Replies: 0

Likers: nanobro, FractalVisions

No replies yet.
Mummy - No Role
Dec. 23, 2023, 3:42 p.m.

The paraswap team acknowledges that they are taking user funds wrongfully and even so they create b… The paraswap team acknowledges that they are taking user funds wrongfully and even so they create barriers and refuse to refund users or give any appropriate information about it. image 1156 × 266 84 . 1 KB It is not common at all a team making a mistake like this and after taking user funds as hostage and demand users to make a governance vote to the DAO requesting a refund. ( not doable as it would require owning their token). What happened is that paraswap augustus swapper is taking users slippage set and taking that % as a fee that they collect to the DAO. The team also implies it was a “surplus”, the surplus refers to positive slippage in a swap, which is def. not the case here. In the following example they took a bit over 30 % of the user swap to their fee collector (Arbitrum Transaction Hash (Txhash) Details | Arbiscan 7 ) . I don’t think its normal for a team at this stage and level to low tier-scam users out of their funds, specially after acknowledging the error is on their end. as i am writing this post has been over 5 days the team is reviewing my tx and muted/blocked me from contacting them, which leads me to believe this is a pure scam with intention. All users complaining in their community are left unanswered or in my case muted or blocked. It’s not okay for a team to steal user funds and puts all their effort in shuting down user, not fixing the problem. (the team even tried to fool users with fake explanations of what slippage and surplus are, which not coincide to their docs). They claim the surplus is the positive slippage but they are charging any amount of slippage user sets. (like the trade where they gobbled 30 % of user funds on swap) Please take a deeper look and i am ready to provide a lot more information about this and evidences that support my appeal. How many users have been rolled by them and scammed by it without noticing really?

Likes: 1 Replies: 0

Likers: fractalvisions

No replies yet.
Mummy - No Role
Dec. 23, 2023, 3:57 p.m.

overall the team is stealing from users on swaps and after creating barriers and refuse to refund t… overall the team is stealing from users on swaps and after creating barriers and refuse to refund those who noticed the scam. Their excuse of unusual token movement is simply bullshit, anyone that can check a tx can see that they are just taking it into their fee collector, there was not really any market movement.

Likes: 2 Replies: 0

Likers: nanobro, fractalvisions

No replies yet.
Mummy - No Role
Dec. 23, 2023, 4:03 p.m.

and nop, this is no irregular market movement. its simply paraswap team scamming wtv slippage % use… and nop, this is no irregular market movement. its simply paraswap team scamming wtv slippage % users have image 1805 × 270 54 . 2 KB 4 rd line they take 30 %+ of user swap to their fee collector and call it a “surplus”, idk what is worst scamming or pretend we all dumb and gonna eat the scam

Likes: 2 Replies: 0

Likers: nanobro, fractalvisions

No replies yet.