Knowledge Base | Tether tokens Recoveries (2024)

Important: TETHER Token Recoveries are only available to entities that are not prohibited from using Tether services as outlined in our Terms of Service – Section 3

TETHER tokens should be sent only to addresses that explicitly state they support Tether tokens. Transferring a TETHER Token to any other destination could result in a total loss of funds.

TETHER token recovery is the process of returning TETHER tokens mistakenly deposited.

Note: If TETHER tokens have been transferred to an unsupported (unknown) destination, please contact the receiving party immediately and request their assistance in recovering/returning the funds before contacting Tether. This is occasionally a far more expedient solution.

In specific cases, as determined by Tether in its sole and absolute discretion, Tether may attempt to assist in the recovery of TETHER tokens (depending on the blockchain) that have been transferred to:

Important: Any legal issues related to Law Enforcement requests/thefts/hacks/scams/similar should be reported to the Tether Information requests team.

What are the accepted recovery requests

Recovery requests for amounts exceeding $1000 will be accepted, subject to the following procedures:

  1. Tether will initially evaluate and assess if the recovery is feasible. If after this evaluation, recovery is deemed not to be viable, at Tether’s sole and absolute discretion, the TETHER tokens will not be recovered. This evaluation is final. Important: If it is decided that a recovery will be tried, Tether will attempt a recovery, but a successful outcome is not and cannot be guaranteed.

  2. Tether will charge you a fee of up to 10% of the recovery amount or $1000 (whichever is greater) for the Tether tokens recovery. Note: The fee will be deducted from the recovery amount.

  3. There is no time frame or time limit for any discretionary recovery process to be undertaken by Tether. Due to the complex procedures required it is not uncommon for recovery requests to sometimes take several months.

    1. Note: Please do not contact us; instead, wait for notification. Tether will not have any updates to communicate until the process is completed.

  4. You will have to become a verified user under Tether’s Terms of Service

Required information for recovery

To submit a request for recovery, you will need to contact Tether Support and provide the following information:

  • Transaction ID;

  • Deposit Address;

  • Amount;

  • A complete description of the actions/events leading to the current problem/issue;

  • A complete description of everything you have tried/done to recover the funds so far Note: For transfers to the Tether Operation Contract this can be omitted;

  • We may ask you to provide additional documents as part of the recovery process. Failure to provide such documents may end the recovery process, at Tether’s sole discretion.

Note: While screenshots/pictures may be included to help illustrate the issue, any Address or Transaction ID/hash should be provided as text.

If you have any questions feel free to contact Tether Support.

Knowledge Base | Tether tokens Recoveries (2024)

FAQs

Knowledge Base | Tether tokens Recoveries? ›

This could be your local law enforcement agency, the cybercrime division, or any other regulatory body that deals with online fraud. Provide them with all the relevant details of the scam, including the scammer's contact information, any communication or documentation you have, and the amount of USDT involved.

How do I recover my USDT stolen? ›

This could be your local law enforcement agency, the cybercrime division, or any other regulatory body that deals with online fraud. Provide them with all the relevant details of the scam, including the scammer's contact information, any communication or documentation you have, and the amount of USDT involved.

How do I get my money out of Tether? ›

Tether withdrawal
  1. Navigate to your Wallet and click the Withdraw button.
  2. Select Tether wallet in the “Withdraw from” field.
  3. Select withdrawal address or add a new withdrawal address. ...
  4. Enter the amount of Tether you wish to withdraw.
  5. Click Review withdraw button.
  6. A confirmation screen will pop up.

What is token recovery function? ›

TokenRecover ​ Allows the contract owner to recover any ERC20 or ERC721 token sent into the contract and send them to a receiver. This contract is Ownable and restricts access to recover methods to owner only.

How long does it take to receive Tether? ›

How long does it take to get tether? Expecting to have your Tether right away It could take several days between placing your order and receiving your Tether. When you transfer money from your bank account to buy crypto, the transfer process usually takes three to five business days.

Can I get my USDT back from a scammer? ›

If you find yourself in a situation where you have sent USDT tokens to the wrong address or have been scammed, reach out to Tether support immediately for assistance in recovering your lost funds. Stay vigilant while making transactions and keep yourself informed about best practices for protecting your crypto assets.

How do I recover my money from a scammer? ›

Contact your bank immediately to let them know what's happened and ask if you can get a refund. Most banks should reimburse you if you've transferred money to someone because of a scam. This type of scam is known as an 'authorised push payment'.

How do I cash out USDT in USA? ›

How to Withdraw USDT to a Bank Account
  1. Step 1: Choose a Trusted Crypto Exchange. Firstly, you must select a trusted crypto exchange. ...
  2. Step 2: Provide Your Account Details. After selling your USDT, you will be prompted to provide your bank account details. ...
  3. Step 3: Initiate the Withdrawal Process.
5 days ago

How do I transfer USDT to my bank account? ›

Step to Transfer USDT to Bank Account
  1. Step 1: Choose the Right Platform.
  2. Step 2: Complete Your Account Verification.
  3. Step 3: Link Your Bank Account.
  4. Step 4: Withdraw Your USDT.
  5. Step 5: Wait for the Magic to Happen.
  6. Step 6: Voilà! You've Got Cash!
  7. Conclusion:
Feb 26, 2024

How do I convert USDT to cash on Coinbase? ›

Browser
  1. Sign in to your Coinbase.com account.
  2. Select My assets in the navigation bar.
  3. Select next to your local currency and choose. Cash out.
  4. Enter the amount of currency you want to cash out. ...
  5. Select your bank account or PayPal and choose Continue.
  6. Select Continue and choose Cash out now.

What is token return? ›

The return token is always returned as part of kernel-generated audit records for system calls. This token indicates exit status and other return values in application auditing. The praudit command displays the return token as follows: return,success,0. The following figures shows the format of a return token.

How do you revive a token? ›

Unfortunately, once tokens are lost in Ethereum or any other blockchain, they cannot be recovered. The blockchain is designed to be immutable and irreversible, which means that transactions and token transfers are permanent.

What is the authentication token key? ›

Tokens streamline the login process: Authentication tokens ensure that users do not have to re-enter their login credentials every time they visit a website. This makes the process quicker and more user-friendly, which keeps people on websites longer and encourages them to visit again in the future.

Can Tether make you money? ›

USDT (Tether) is one of the most widely used crypto stablecoins. Importantly, Tether is backed by an equal amount of fiat (US Dollars) held in a designated bank account. By using crypto lending sites, it is possible to make money by earning interest on your Tether tokens.

Are Tether transactions traceable? ›

Tether's newly named CEO, Paolo Ardoino, said in a statement, "Contrary to popular belief, cryptocurrency transactions are not anonymous; they are the most traceable and trackable assets. Every transaction is recorded on the blockchain, making it feasible for anyone to trace fund movements.

Is Tether legitimate? ›

Tether, one of the world's most traded cryptocurrencies, has become a key tool for criminals, money launderers and scammers, according to a United Nations report published Monday, amid intensifying legal and regulatory scrutiny over how digital assets are being used to aid illicit activity.

Can I trace a USDT transaction? ›

Yes, it is possible to trace USDT (Tether) transactions using blockchain technology, as all transactions are recorded on a public ledger. However, the process of tracing and recovering lost or stolen USDT coins can be complex and may not always result in the recovery of your funds.

Can you claim stolen crypto? ›

Investors can claim losses on various scenarios like trading activity, lost or stolen crypto, frozen funds, rug pulls, and worthless NFTs. Maintaining accurate records is crucial for claiming tax relief on crypto losses, and there are specific reporting requirements and deadlines for HMRC compliance.

Can you refund USDT? ›

Cryptocurrency protocols are irreversible. This means that once a transfer has been initiated, it can't be cancelled or reversed. The only possible way to get a refund would be to contact the recipient of the funds and request their cooperation in sending the USDT back to your wallet.

Is USDT wallet traceable? ›

Yes, USDT (Tether) transactions are traceable on the blockchain.

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