Thanks for your replies guys.
The lad is learning some things about life, and making mistakes is part of the process. It’s good he is prepared to try things, and he hasn’t ‘lost’ his money, he just can’t access it currently.
What I’ve learnt about USDT, also known as Tether, in the last few days is it appears to be a safe stable crypto, tied to US dollar. Tether.to website has info about it for those interested.
I need to have another talk with him about what exactly he has/had and whether this is the key, site password or what exactly he needs.
(@theProf, hope your handle is not because you are a maths professor; pretty sure 10% of $7k is more than $70. ;-)
The lad is learning some things about life, and making mistakes is part of the process. It’s good he is prepared to try things, and he hasn’t ‘lost’ his money, he just can’t access it currently.
What I’ve learnt about USDT, also known as Tether, in the last few days is it appears to be a safe stable crypto, tied to US dollar. Tether.to website has info about it for those interested.
I need to have another talk with him about what exactly he has/had and whether this is the key, site password or what exactly he needs.
(@theProf, hope your handle is not because you are a maths professor; pretty sure 10% of $7k is more than $70. ;-)
No one is doubting what USDT/Tether is (or if it's legit), the problem is if he purchased it on an exchange then he doesn't really hold it, the exchange (which may or may not be a legit one) does. E.g I could hold a bitcoin on a dodgy exchange, but if i can't convert/withdraw it to my NZD bank account in $ or to my own bitcoin wallet it's worthless - which isn't a problem with bitcoin it's a problem with choosing to hold it on an dodgy exchange. The fact they are wanting to charge for a password reset indicates that likely he will never be able to withdraw the USDT as it sounds very dodgy.
An example would be if you have $1,000 on a sports betting website (it's held in the sports betting website bank account, not your own)... if you can't withdraw it back to a NZD bank account then really it's worthless even if the site says you have $1,000. In some cases the site will be legit and let you withdraw, but some sites will not let you... in your sons case it sounds likely he will never be able to get his Tether off the site into something he really controls.