Looking for a Whale for Omni-USDT Redemption (Sub-1M)

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mr_vaultMember
Posts: 2 · Reputation: 73
#1Aug 13, 2022, 10:14 PM
Hey folks, I'm reaching out about an old Omni-USDT balance I've got. Like many, I was caught by Tether's new $1M minimum redemption rule. I'm trying to find a Whale or a Recovery Service that's pooling smaller amounts for a total of over $1M. Here's what I'm after: A chance to redeem together. Or an OTC buyout with a reasonable discount (like 20-40% off). ⚠️ IMPORTANT: I'm NOT sending any funds upfront. I’ll ONLY work with a trustworthy Escrow service (looking for top-rated users here) or a regulated platform. Please don’t send me “migration links” or ask for my seed phrase. I’ve been around for a while and will report any phishing attempts. If anyone has a real solution or is in the same situation and wants to collaborate, just hit me up.
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luckyapeFull Member
Posts: 77 · Reputation: 599
#2Aug 14, 2022, 12:27 AM
I think you're mixing up two different problems... Tether's own docs still say the minimum direct redemption is $100k, not $1M. The bigger issue is that Omni USDt got sunset, Tether announced they'd discontinue redemptions and freeze remaining tokens on Omni and a few other legacy chains, effective Sept 1, 2025. If you're sitting on Omni USDt in 2026, "batching to hit a threshold" may be a dead end because the door is basically closed. Also, hunting for a whale/recovery service in public is like putting a "please DM me scams" sign on your forehead.
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humbleledgerLegendary
Posts: 1027 · Reputation: 6554
#3Aug 16, 2022, 04:45 AM
If they can do this and get away with it, how are people still trusting Tether on other chains?
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mr_vaultMember
Posts: 2 · Reputation: 73
#4Aug 16, 2022, 06:07 AM
I consulted their staff, and they required 1 million.
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byte_orbitFull Member
Posts: 186 · Reputation: 738
#5Aug 17, 2022, 08:22 AM
All stablecoins are tokens that can be frozen, minted, burned and upgraded by the issuer. There may be exceptions but that is not the norm. That is how things work, you are simply out of date. While it may not be considered normal or desirable, it is the standard and has been for a decade. How else would they be able to freeze any tokens that are suspected to be part of criminal activity, other than when they hit some platform? That's how compliance for these things works, and it is not going to change for the better. Plenty of tokens used a transition method and they tend to similar cut off dates for claims, otherwise they would have to support everything indefinitely. They can never be certain if some balance is lost or whether someone is simply not responsive to the change.  Often they do this when changing from a different layer of the same blockchain or when transitioning to another blockchain.  That is why cutoff dates are given otherwise they would have to support even ghost chains forever, which from a business side of things makes no sense. You are responsible for your own money. Shitcoins are not a buy it and forget about it kind of adventure. That is a general problem that has no good solution. If someone is not connected or does not have contacts that are in similar position, how else do you find people? You can either announce publicly or approach privately. However, private DMs of this kind are even more scrutinized so eventually OP would just get his account blocked by Telegram, X or wherever else he would try that.
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cobra_2015Full Member
Posts: 259 · Reputation: 728
#6Aug 17, 2022, 10:20 AM
This has been abandoned; no new stablecoins will be issued on these protocols, sending is still possible. 1 million for what?
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0xF0xMember
Posts: 22 · Reputation: 238
#7Aug 17, 2022, 11:31 AM
We are looking for USDT on the Omni Network (BTC Layer). As most major centralized exchanges have discontinued support for Omni-based assets, many early holders are facing liquidity challenges. We have already gathered **500,000 USDT** and are currently looking for an additional **500,000 USDT** to meet the **1,000,000 USDT** minimum amount required for offline redemption. If you still hold USDT on the Omni (BTC Layer) network, you're welcome to join us. We can combine our holdings and complete the redemption together. If you're interested or would like to discuss the details, please contact me. **Telegram:** @kingcode2026
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john.cobraHero Member
Posts: 408 · Reputation: 2145
#8Aug 17, 2022, 01:05 PM
500k and a telegram, is there anything suspicious about that?
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0xF0xMember
Posts: 22 · Reputation: 238
#9Aug 17, 2022, 06:11 PM
Do you have a better way to monetize it? The official requirement for Tether is 1 million USDT to be exchanged. If there is an exchange opening for monetization, I will not send forums or telegrams. May I ask if you have a better way?
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john.cobraHero Member
Posts: 408 · Reputation: 2145
#10Aug 17, 2022, 10:53 PM
My "better way" is that I have never put myself in a situation where I am blackmailed by some private company with their so-called stablecoin. Of course it's not a solution to your problem, but $500k is a lot of money to raise, especially this way. If you're serious, why not create a website and present everything transparently?
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