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And then I called the wire transfer company and placed a stop on the payment. How do you place a stop on a wire transfer? I thought irreversibility was the who
by trevyn 10y ago
And then I called the wire transfer company and placed a stop on the payment.
How do you place a stop on a wire transfer? I thought irreversibility was the whole point of wire transfers.
- gtdawg 10y agoI was thrown by this too. If the destination account had the funds deposited, which set the domain transfer process in motion, I don't think a stop payment works. What I do think works is reporting that the money was involved in fraud and freezing the money in the destination account, subject to the destination banks cooperation with the source bank and FBI. https://www.quora.com/Can-wire-transfers-be-reversed-in-case-of-fraud-What-options-does-a-customer-have-if-they-have-been-defrauded-and-paid-via-wire-transfer https://www.quora.com/Can-wire-transfers-be-reversed-in-case...
- appleiigs 10y agoThe whole point of wire transfers is traceability. The banks can watch it very closely. I've been able to reverse wire transfers the next day, with a back-date (ie. pretend it never happened). However, author seems to know wire transfers as well as she knows internet security - which is not very well. You can trace the wire into the destination account, but if that person moves it immediately and eventually withdraws it out of the banking system, then it's gone. The hacker wouldn't release the domain unless they had control of the funds. I doubt her claims that the hacker doesn't have the money.
- mustacheemperor 10y agoYeah, I think there's either missing details regarding the attorneys, etc (which is possible) or this is really "How I Paid $30,000 for My Website." Either way the lack of customer protection from the host and registrar is appalling to me.
- rubicon33 10y agoI as well had this thought... I feel like we're not getting all the details on this particular point.