Dear Hydration Community,

I am zengsw. About two months ago, I made a foolish mistake. I borrowed 12,000 USDT on the Hydartion network and, without performing a cross-chain transfer, directly deposited it into Binance’s Polkadot Asset Hub network. As a result, I have been unable to credit the funds to my account to this day.

The detailed sequence of events can be found at this link:
https://hydration.subsquare.io/posts/226

After the incident occurred, I engaged in a long and difficult communication process with Binance, but unfortunately, Binance is unable to recover this deposit.

Subsequently, I received tremendous support from the Hydration community, particularly with Jose’s strong backing. We initiated a referendum: https://hydration.subsquare.io/referenda/21, aiming to utilize the “forceTransfer”function to retrieve the 12,000 USDT. While this didn’t require Binance to technically restore my deposit, the community, including myself, considers the “forceTransfer”function a highly exceptional and serious matter. Therefore, it necessitates Binance’s awareness and consent as the owner of the asset. I engaged in another intense and lengthy communication with Binance spanning over ten days, but regrettably, they still couldn’t provide any support, ultimately leading to the referendum being voted down and rejected.

Regarding this outcome, I have no complaints because the primary responsibility for the error lies with me. I am also deeply grateful to the Hydration Chinese and English communities for their tremendous support. However, it is truly regrettable that for the past two months, I have indeed made significant efforts in communicating with Binance, but they have ultimately provided no assistance. I cannot comprehend why Binance has become like this.

These 12,000 USDT are indeed very important to me personally. To be honest, I have completely lost hope of gaining Binance’s effective support. Therefore, I sincerely request the Hydration community to help me once again by initiating another “forceTransfer” referendum. My personal thoughts are as follows:

1. Return Address:The return address will no longer be my personal address but rather the official Hydration address.
2. Locking Funds: Hydration officials will lock the 12,000 USDT for at least one year to prevent potential future disputes with Binance.
3. Unlocking and Distribution: After the lock-up period ends, Hydration officials will transfer 10,000 USDT back to my personal address, with the remaining 2,000 USDT being used as community public funds (or as a personal thank you and penalty for my mistake).

Regarding the lock-up period, if a year is deemed insufficient, I believe it could be extended. I simply feel that the 12,000 USDT, while Binance bears responsibility to assist users and possesses the capability and means to retrieve the asset, currently and for a considerable time to come, remains a black hole, a confirmed loss. Placing it within Hydration, on the other hand, instills me with ample confidence, regardless of the duration of the lock-up.

Once again, I sincerely apologize for the inconvenience caused by my personal error and am truly grateful for the consistent support and assistance provided by the Hydration community. If any additional information is required, I will do my utmost to provide it in detail.

Thank you for considering my request,

Zengsw