Can you retrieve funds from Multisig if market exits/goes offline?

I remember hearing about how Multi-sig is full proof if a market exits or goes offline but now I hear the market can modify the keys/address. If I had old orders from TR in Multisig that were left in escrow and not finalized would I be able to get them out? Is there a time limit where funds go back to buyer or released to vendor? Or modify to be released without the redeemscript that TR provided with to vendor somehow? Help is appreciated.


Comments


[1 Points] DNM_FuckFace:

We'll see come January for me


[1 Points] Dontworrybeready:

Do you have the timelocked txs saved somewhere? When the timelock releases in about a month, it will be possible to sign the tx and broadcast it to release the funds currently locked in the multisig escrow addresses to the withdraw address that was set in your TR account.

Without the timelocked txs you will have to contact the buyer, the buyer must have their private key (corresponding to the bitcoin pub key used in the transaction), you will have to recereate the redeemscript, create a txthat sends the funds out of the multisig escrow address to your own, send it to the buyer to be signed by his priv key, sign it yourself and broadcast it.


[1 Points] DarkNetSoftwareEng:

It's called a redeem script timelocked transaction. Hansa and other markets generated a script transaction that was locked until a certain date (90 days).

You can take that script transaction, sign it and broadcast it with coinb.in as the transaction was already signed with the market's key (2/3 keys).

When the community moves to Monero multisig we will lose the ability to do this as Monero doesn't support CheckLockTimeVerify.