Glimmer stealer. Do not turn in your materials for glimmer at the reef. I turned in 1 and he took them
ALL giving me only 200 glimmer in return.
Boycott Master Ives.
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Master Ives is no thief. There is currently a bug in the game that is displaying Master Ives having double the amount of Glimmer Consumables you actually turn in to him. Sorry for the confusion. You are losing no extra Glimmer. Here's more information: https://www.bungie.net/en/Help/Article/13544
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Known issue...don't do it unless in the tower ;)