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I see.
So you're saying that as soon as BOTH parties have hit collab cancel, the btc seller would immediately get his bitcoin back (the entire sales amount) and you would receive your bitcoin back (but just the bond, your fiat is gone)
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The crux of the scam is that they wait for me to initiate a collab cancel and then they try to get me to send the code after I have initiated a collab cancel.
Make sense?