Topic: Project's website is asking private keys of the holders. (Read 620 times)
All projects that require investors' private keys are best stopped and condemned. Because that's only for fraud purposes, not good intentions for investors.
Nah nah, we shouldn't be too lazy to fall into some fake practice in this emerging technology, there's a saying in this community that; when you have no private key to your wallet, the wallet neither belong to you either. Never allow your private key to be known by third party or by anyone that has no legal right in get ride into your wallet. I will not give anyone my private keys because it's meant for me alone and not another.
I know this project, As far as I know they don't require your private key. But there is a problem that when you create their Verto wallet, if you do not save the Private key as text, you will have a big problem, They use the EOS Blockchain to give each Verto wallet account a corresponding EOS wallet , And VTX will be transferred to this EOS wallet. The problem is that you need to have a private key in text form to access the EOS wallet. A lot of people have had this trouble.
I pity the investor who fell for this scam of a project. I would have understood of some newbies fell for it when crypto currency bwas new and they didn't know what private key was but by now everyone should know that it is like sharing your internet banking password. Hope they get caught and brought to justice.
It's plain obvious a scam project.
Private Keys were named that way for a reason " PRIVATE ", meaning only you or the ones you trust with your life can have access to it.
Even projects that have low encryption algorithm of their server, config file ... do not deserve to use their wallets in the first place, as easy as this.
Private keys are also called private keys. They should not be presented to anyone under any circumstances. Everyone who, under various pretexts, is interested in our private keys, should be considered scammers. This is a rule that should work in all cases. Private Keys were named that way for a reason " PRIVATE ", meaning only you or the ones you trust with your life can have access to it.
Even projects that have low encryption algorithm of their server, config file ... do not deserve to use their wallets in the first place, as easy as this.
We have final answer, leave the project and get another one. You already got many reason in your post and I believe can convince you to not send private keys into anyone ( project, person, third party, etc ). If you want, you can make new wallet and send your private keys and see what happen, mostly they will never send your reward or close the project with unrealistic reason. This is digital era, transaction can't be tracked like usual and you should careful with your money.
Private keys equals to your bank account access and information, treat your private keys, it's the only way someone can steal your coins right from your wallet, if you don't want to be a victim of such cruelty do not give out your private key
If the project will ask its holders of the token to copy-paste their private key in order to send tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users? They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
UPDATE: THE project is VOLENTIX.
It became worse when I just saw this today
After someone says he wants to take out the VTX out in the verto wallet the ADMIN asked WHY?
Private keys are private keys, we are talking about money and coins that you've invested with your hard-worked money, the explanation to give them your private key should be clear and everybody voted that the method is correct, remember bountyhunters.io has a huge issue on this and they are tagged as scammers I don't see any different on how they work.
Got a bit confused when I was reading this – thought you meant that their wallet required users to copy and paste their private keys from one wallet to another to send coins or something lol, was not until I read the comments here that I understood what you were trying to say.
I will advise you not to make use of the project any longer, it’s quite risky giving someone your wallet keys unless is someone that you trust. And in the case of this project, have you got anything that shows that the team can be trusted? So it would be better for you to just leave it since it doesn’t seem legit to you. I haven’t seen a project that does such a thing, giving them your private keys means they are in control of your money and they can do anything with it.
I will advise you not to make use of the project any longer, it’s quite risky giving someone your wallet keys unless is someone that you trust. And in the case of this project, have you got anything that shows that the team can be trusted? So it would be better for you to just leave it since it doesn’t seem legit to you. I haven’t seen a project that does such a thing, giving them your private keys means they are in control of your money and they can do anything with it.
I think this wouldn't be the first time of hearing this, but I do not really like the idea and again what do they actually want to do with one's private key? Whenever I see such, I feel there is something Scammy or not right because while joing crypto, we were strongly advised not to share private key, so why this? well we really need to be careful
Is it really official support? Never send your private key, it doesn´t make any sense, it only shows how support/website/company is untrustworthy because if they would like to give you a "gift" then they don´t need your private key. So be careful and don´t send them it.
It's an EOS based project if I am not mistaken. If the team or the project is asking for your private keys it would be a big scam. Once you give you private keys to them they would definitely have an access to your account which is not suited to what blockchain is supposed to be a decentralised, anonymous and with high security level.
First, you need to make sure the real web site is ask not scammer, because they are every where. If positive the site want your private key just leave it, your money can be stolen. This is an old mode for stealing and 100% the project will fail. Your asset safety is priority, check again but if there's other way without send your private key or send balance it's your decision to keep going or not.
Judging from what you have informed, I think this is really irrelevant, a project asks for a private key with the reason to send the token. I believe this is a way for scammers to fool their victims. Always be aware of ways that don't make sense
This is a serious nonsense, in fact no prophet is needed to tell someone that such project is a big scam and fraud. I have came across projects like that too sometimes in 2018 that was requesting for my ETH wallet address PK. Thank God I have a friend that have been in crypto biz for sometime, he was the one that told me that they are fraudsters. It's just enough to hack victim's account. Means of defrauding innocent people are on increase daily, let's be more careful.
Indeed we should not share our private key. Scam projects must use a variety of modes to drain the money or coins we have and we recommend that when a project asks for our private key, we should just leave the project
If everyone knows how serious a private key is they will never have the nerves to use their wallet to claim free coins that worth almost nothing, and if any one asked for your keys you won't think twice before blocking such person
The main point is never trust your private keys to anyone or even someone close to you. Exactly we have the rights not to entertain that person asking such things. Let's be wise enough in order to protect our assets in the wallet. i share my private keys to my parents or to one of my family members because i trust them but i never ever share them to the person outside my family tree because that isnt just right , how much more to the person that ask it online ?
but obviously except for those decentralized exchange where one of the option to open up a wallet is by private key but other than that i never see an airdrop or a bounty that ask for a private key but other people yes they saw many times . i feel nervous for them .
You need no one to tell you to flee; your private is yours and yours alone, and therefore shouldn't be shared with anyone whomsoever even the team. The team asking for this have another motive and should be cautious to follow so as to avoid being scammed, I won't be surprised if many people fall into this trap. Yet again, I stand to think it might an error and you should report to the Telegram group to hear from them if truly they are asking for it; and if yes find a way to sell off and move on, such projects shouldn't be trusted and should be reported as well.
If everyone knows how serious a private key is they will never have the nerves to use their wallet to claim free coins that worth almost nothing, and if any one asked for your keys you won't think twice before blocking such person
The main point is never trust your private keys to anyone or even someone close to you. Exactly we have the rights not to entertain that person asking such things. Let's be wise enough in order to protect our assets in the wallet.
If everyone knows how serious a private key is they will never have the nerves to use their wallet to claim free coins that worth almost nothing, and if any one asked for your keys you won't think twice before blocking such person
Giving out your private key to either claim token or other is a scam, if you must then give out a empty wallet private key that you will never use to store fund again once it is all over, private keys are never meant to be shared
We have a very good example about that, we have seen a project called ethereum dark or something else was asking for the privatekey to claim the fork coin. After a month and so many people have already reported if their tokens got stolen by the project who is asking the private key. Jump to: