Be advised, openmonero has been "hacked" before and users lost funds held in the sites escrow. I highly recommend to use the decentralized Retoswap over this.

[–] MoneroGuy@monero.town 1 points 19 hours ago

Thanks for your reply. However, it’s important to highlight details many users may not be aware of: Retoswap has a critical vulnerability,the network operator can access two out of the three multisig keys, which makes it technically possible to pull the entire order book at any time.Hence, The network operators cannot only steal all the makers offers(sell offers) from the orderbook but also all security deposits from market makers which used to be 15% of the overall liqudity, before it was recently updated to 25% by haveno. Can be confirmed in the link below.

https://monero.observer/woodser-releases-haveno-v1.2.0-mandatory-update/

In simple terms, this setup introduces a liquidity centralization risk and opens the door to a potential rug pull scenario, whether intentional or not.

An example of rugpull amount as of Aug 2,2025

4495 XMR + (4495 XMR x 0.25) = 5618 XMR ~ 2 million USD according to haveno.markets liqudity and xmr/usd

This isn't just speculation. A detailed explanation of this risk is outlined here: openmonero.com/knowledge/haveno-retoswap-smells-like-a-honeypot

“The arbitration system in Haveno doesn't prevent arbitrators from pulling the funds” Checking the reply from the official monero operator on dread on haveno arbitration system will explain that more to you. https://monero.observer/openmonero-2/

Unlike Retoswap, OpenMonero doesn’t require any deposits to publish ads or receive trade requests, meaning it was intentionally built to reduce exit scam risks. Even in the event of a security incident, losses would be minimal, and the team has ensured there’s always enough liquidity to fully refund users if needed. That’s real commitment to user safety. Lastly, anyone can compare the escrow funds and vendor balances on openmonero.markets with the liquidity currently held on haveno.markets. You’ll see that Retoswap holds significantly more funds in custody, which makes it a much higher-risk platform in the event of an exploit or exit scenario.

[–] Meraki105@monero.town 1 points 21 hours ago

Openmonero was hacked but refunds are ongoing for every affected user, Openmonero is surely better than retoswap, Retoswap requires you to deposit monero before you can buy monero, isn’t that sus?