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If the person hosting the exchange has done nothing about it, then I would definitely report it to the group owner. If I were the group owner, I'd at least want to kick out anyone that scammed another member or ban them from being in other exchanges thru my group.
I'd probably also publically post that I sent to someone and they did not send something to me (as promised) to warn the other members.
I've been in exchanges like that before and been the person that sent out a nice package and got nothing back. Not a good feeling but something I'd want to be warned about going into another one.
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