Blockchain.com scam - lost funds - page 2.

BitMaxz

legendary

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Quote from: btcws on September 11, 2020, 03:54:21 AM

Deposited $200 with CC but they hold the money for 7 days while on Binance it is available in few minutes lol

Blockchain.com simply earns a lot of money this way... it's definetly a website not to be trusted and they are just like everyone else, where they see an opp for money they will use it no doubt.

Please read the terms about "Minimum Holding Periods" they have this on their terms below.

Quote from: https://www.blockchain.com/legal/terms

When you place purchase orders in the Trading Wallet, we may impose minimum holding periods in respect of any Virtual Currency that you have purchased which may last up to a maximum of 7 days. These minimum holding periods are necessary to enable us to carry out effective fraud prevention measures and to ensure that the fiat currency leg of any given transaction has settled. After this minimum holding period elapses, you may trade your Virtual Currency in the ordinary way.

They just do this to prevent fraud on using CC.

btcws

newbie

Activity: 3

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Deposited $200 with CC but they hold the money for 7 days while on Binance it is available in few minutes lol

Blockchain.com simply earns a lot of money this way... it's definetly a website not to be trusted and they are just like everyone else, where they see an opp for money they will use it no doubt.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: bL4nkcode on January 12, 2020, 11:44:30 AM

Quote from: baypp2877 on January 12, 2020, 06:21:25 AM

stay away from their new exchange i have lost several funds to them already where they have not shown my deposits and would try to blame the senderand act like you are stupid

Can you make another thread related to your issue on this board and explain what you had experienced? So that everyone here can see, read and help if there's something to?

As another suggestion, could you give the proof that you have been scammed by the exchange? Yeah I think that is the main thing then you just make a statement that the exchange A is scam but you don't give any proof and it will be usesless.

bL4nkcode

copper member

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Quote from: baypp2877 on January 12, 2020, 06:21:25 AM

stay away from their new exchange i have lost several funds to them already where they have not shown my deposits and would try to blame the senderand act like you are stupid

Can you make another thread related to your issue on this board and explain what you had experienced? So that everyone here can see, read and help if there's something to?

baypp2877

newbie

Activity: 3

Merit: 0

stay away from their new exchange i have lost several funds to them already where they have not shown my deposits and would try to blame the senderand act like you are stupid

Lucius

legendary

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Quote from: Joel_Jantsen on June 25, 2019, 06:06:14 PM

Am I the only one who still doesn't understand how exactly OP lost bitcoins?

They claim coins are lost due "security vulnerability of their software/API" (blockchain.com), and that most of them used Apple iPhone and official blockchain app. They have to prove in court that there were vulnerabilities and exploits which made it possible for hackers to steal coins from their accounts.

Regarding fees, use custom fee option and set fee based on some popular sites which calculate fees much better then blockchain algorithm, there is no developers who watch fees all day and set Regular / Priority so users can switch off the brain and just click send.

Joel_Jantsen

legendary

Activity: 1988

Merit: 1317

Get your game girl

Am I the only one who still doesn't understand how exactly OP lost bitcoins? Regardless, you're taking a great step to sue them in their home country. My only concern with them at the moment will be a terrible website and crappy developers who can't calculate bitcoin's network fee. Sue them too.

Lucius

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blockchainscam, i can only say good luck in an attempt to prove that blockchain.com is responsible for your losses. Each case of hacking will have to be considered individually, and I do not think it makes any sense that this is performed by blockchain.com. What you need there is independent investigators, and question is who will pay them, or what permissions should they have to access private data.

From what you wrote, it seems that the attack vector is in Apple phones in combination with official blockchain app, and the investigation should go in that direction.

I'm not sure how much this can help, but here you can read about some cases where people lost coins from blockchain wallet in very unusual ways.

Thoughts on this private key stealing mystery

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Kakmakr on June 23, 2019, 05:35:04 AM

Blockchain.info/com is blaming the user for this loss, because they might do not know what the exploit is. Roll Eyes

If they don't know what the exploit is that's causing people to lose funds they will disable most features until they figure out what the problem is and fix it. Binance did that too on a smaller scale by disabling deposits and withdrawals.

I do however understand where you come from with how blockchain.com hasn't shown much interest in getting rid of glitches and other bugs, but that's purely because of how they don't see them be a threat to their user's funds.

It's definitely not an excuse, but they wouldn't risk their reputation by not patching bugs that could turn out to be a threat to their user's funds. They are toxic in political sense, but not completely stupid when it comes to running their site.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: kryptqnick on June 23, 2019, 01:57:19 PM

Wow, this thread got me worried, 'cause blockchain.com is what I use for my BTC... I have a 2FA plus store my password rather safely. I just checked my balance to see whether everything is intact, and luckily I was not robbed... I will also soon receive the new Ledger wallet I won in a competition. Perhaps I should move my funds to this offline wallet, after all.

Is there a particular reason why you are using blockchain dot com? I don't see it offer much utility at all. It requires you to pay much higher fees due to them not supporting Segwit, which also means that you can't send funds to a native bc1 Segwit address.

Quote from: kryptqnick on June 23, 2019, 01:57:19 PM

At the same time, though, just today I came by a thread about money disappearing from Ledger Nano S in a mysterious way. That makes me wonder now whether there's any safe way to store Bitcoins, really. The way that gives sole responsibility to the owner. Paper wallet, I guess? Good luck with the investigation of what happened to your money!

Money doesn't just disappear from a Ledger hardware wallet. The person either bought a Ledger from a malicious website that has it already set up for him, which means that the one who set it up also owns a copy of the seed, or the person stored his seed online and it got compromised one way or another.

dothebeats

legendary

Activity: 3542

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You are not the first one to complain about such activities happening with their account. I've encountered similar stories albeit different scenarios, all of which lead to lost funds. That's why I never trusted the site anymore since 2015 after knowing about the multitude of complaints regarding the said wallet service. I wonder if blockchain.com would really listen to your appeal since I don't remember anything about them responding to such complaints.

Lizzylove1

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Christ The King

Some of my country men have loss their bitcoin through blockchain .com, even though some tightly secure their wallet, still they still loss their bitcoin. Although 3 had use the option of SMS as 2FA as a more secured option of google authentication. If you can prove all cases against them, then go ahead. sorry for the unfortunate loss and I hope you get justice quick.

kryptqnick

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Wow, this thread got me worried, 'cause blockchain.com is what I use for my BTC... I have a 2FA plus store my password rather safely. I just checked my balance to see whether everything is intact, and luckily I was not robbed... I will also soon receive the new Ledger wallet I won in a competition. Perhaps I should move my funds to this offline wallet, after all. At the same time, though, just today I came by a thread about money disappearing from Ledger Nano S in a mysterious way. That makes me wonder now whether there's any safe way to store Bitcoins, really. The way that gives sole responsibility to the owner. Paper wallet, I guess? Good luck with the investigation of what happened to your money!

xWolfx

member

Activity: 322

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Seems like they didn't mess with the right ones.

I applaud your organization and wish you the best in your seek for justice. You deserve it. The more scammers in jail or in general out their regular activities the better this world becomes.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Quote from: anu1908 on June 23, 2019, 07:47:29 AM

interesting case. to be honest, i also interested in how a user could prove that their coins were stolen/hacked and not lying to get extra bitcoins from blockchain or any other company in this case.

nobody would know if, in the end, the other address that was supposed to be a hacker address is another address that i control, for example. this is probably the problem and dilemma if you use services such as blockchain or any other centralized or semi-centralized wallet service.

By saying hacked victims can get extra btc from blockchain or any other company, I don't think some services would do that, this kind of companies related to finance has their own terms and conditions for having no warranty of any lost/hacked assets by using such service and it will be considered as client's fault.
That's why more and more people suggest that use a wallet that you can fully control over your funds without a centralized entity.

anu1908

sr. member

Activity: 770

Merit: 268

interesting case. to be honest, i also interested in how a user could prove that their coins were stolen/hacked and not lying to get extra bitcoins from blockchain or any other company in this case.

nobody would know if, in the end, the other address that was supposed to be a hacker address is another address that i control, for example. this is probably the problem and dilemma if you use services such as blockchain or any other centralized or semi-centralized wallet service.

maldini

sr. member

Activity: 952

Merit: 308

So far I am grateful that I have never lost anything in the blockchain wallet. so I can't give any information about the scam. There are many people who use their wallets there and this is the first time I've found a problem like this. I don't know which one is guilty but try to correct yourself first, maybe you do carelessness so you lose your funds.

mk4

legendary

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I don't want to go with victim blaming here, but man. With that much Bitcoin why didn't you guys just grab a reputable hardware wallet instead? I personally can't even sleep well with .1 BTC on an exchange or a custodial wallet.

Anyway, I wish you the best of luck with the lawsuit. That's A LOT of Bitcoin.

Kakmakr

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Blockchain.info has a long history of so-called exploits being found in their code and in some cases these exploits were reported to them by users from this forum, before coins were lost. I know one of those people transferred the coins to another secure address when he found the exploit and then he asked for proof that the coins were owned by the people claiming those coins, before he transferred it to a new secure address. Tongue

So this might just be another one of those exploits that were found, but the person who found the exploit are not a white hat and he/she is keeping those coins. Blockchain.info/com is blaming the user for this loss, because they might do not know what the exploit is. Roll Eyes

LFC_Bitcoin

legendary

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I am sorry to hear your story OP, I don’t use blockchain.com for large amounts of bitcoin myself but I did in my earlier days as a noob. I currently use the blockchain.com wallet for my signature campaign income & small amounts for gambling. I’ve personally never had a problem with them but like somebody else said above, perhaps there are selective hacks/thefts on there.

I wish you all the best with the actions you’re taking. It looks like you’re doing everything you can.

Good luck.

Topic: Blockchain.com scam - lost funds - page 2. (Read 975 times)