How can anyone honestly think that locked coins are truly in self-custody? In reality, bad arbiters could easily pretend to be legit takers and get the 2/3 majority needed to approve a transaction, which could lead to theft. Even worse, admin bots could just wipe out the whole order book with ease. This issues has been confirmed by official dread mods and some reddit users. Quote /u/WoodenInformation730: The arbitrators could rug the whole orderbook (all sell offers and security deposits) by taking all the offers at once. Source: https://rl.bloat.cat/r/Monero/comments/1l5jkp2/openmonerocom_got_hacked_as_reported_in_their/mwp7yhn/?context=3#mwp7yhn Quote: /u/monero_desk_support: After some thoughts, I think you are right and that the arbitration system in Haveno doesn't prevent arbitrators from pulling the funds. They would need to create a bot that takes all the offers and automatically unlock the funds with the key of the taker and arbitrator Source: http://dreadytofatroptsdj6io7l3xptbet6onoyno2yv7jicoxknyazubrad.onion/post/4e7e530582ff902b6903/#c-cac5570453f7fa9f42 Quote /u/geonic_ (Monero Outreach Producer): Reto has been around for a few milliseconds basically and nothing stops the network operators from creating fake orders if the pot gets big enough. A network would have to be operating successfully for a few years before I trust it with any significant amounts. Source: https://rl.bloat.cat/r/Monero/comments/1h4icot/is_haveno_anymore_secure_than_trading_with_a/m0ae3rk/?context=3#m0ae3rk Quote /u/WoodenInformation730: To post an offer, you have to deposit the amount + security deposit. If an arbitrator acts maliciously, they could take an offer and essentially steal the funds by signing the 2/3 multisig transaction, since they'd have two keys. Source: https://rl.bloat.cat/r/Monero/comments/1l5jkp2/openmonerocom_got_hacked_as_reported_in_their/mwj10k3/?context=3#mwj10k3 Quote /u/jossfun: Haveno relies upon arbitration by the network you’re operating on. In a case where the arbitrators act maliciously they can create trades where they control 2/3 keys to seize funds. Source: https://rl.bloat.cat/r/Monero/comments/1h4icot/is_haveno_anymore_secure_than_trading_with_a/ #Privacy #Markets #HiddenService #News #Work #Monero #Crypto #Hacking #HarmReduction #Guides #Bisq #cakewallet #haveno #retoswap #trading #p2p #escrow #localmonero #dex #cex #moneroju #xmrbaazar #security #agorism #cypherphunk #bitcoin #btc #decentralized #nostr #moneroju