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by crimsonalucard1 2206 days ago
It is reversible. If you make a mistake like this oftentimes you can rely on law enforcement/bank to force the money to be given back. Not sure if this is possible with crypto.
2 comments

Often it's not reversible in practice, if the destination bank/jurisdiction is not cooperative.

This is why you hear people losing their life savings to scammers in Nigeria, instead of just successfully suing them to get it back.

Yeah but usually that's not the case. Usually you can get it back.

I would say more often than not it's reversible.

If anyone read, it was reversed at 50% the cost.
It wasn't reversed. The beneficiary just agreed to give half of it back.
Same as with bank accounts and transfers.
Pretty sure I'm not just at the beneficiary's whim when it comes to bank transfers.
As soon as it is out of country, it is up to them - there is no one who could force them.