Link: https://old.reddit.com/r/CryptoCurrency/comments/1thuecg/metamask_swap_is_a_scam_be_careful/

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/cryptocurrency by /u/Dongerated on 2026-05-19 17:44:43+00:00.

I swapped a total 37,028 of wOCT from my wallet to 2010 USDT swap on chain.

This was the executed transaction tx:

https://etherscan.io/tx/0x98724339b603a0158aab2f7a2a350ff47f8501f0bbb49e946a6f8d84eb7fc5ad

Instead of receiving my funds, I was only sent ~$1,576 USDT. When I checked the on-chain data, it clearly showed that the swap successfully executed for the full $2,010. However, the platform's smart contract deliberately routed $421.80 USDT straight into one of their own wallets:

0xd0A67cB08BE17475f4315a04C5F0Be3e200Ef66c⁠

This is deceiving users, providing them with false information and stealing funds without disclosing.

I contacted support and they replied with:

“ 1:1 exchange rate for an asset pair is not guaranteed when trading on a decentralized market with limited liquidity. If the market for the token pair lacks sufficient liquidity, trading can result in a significant price impact, which leads to a lesser fiat value of the received token.”

When I asked customer support, they tried to brush it off by blaming "low liquidity" and "price impact." This is a blatant lie. The blockchain proves there was no price impact issue, the full amount was generated, and they simply pocketed a massive, undisclosed 20% cut. Providing false information to cover up hidden extractions is theft. Stay away.