Project's website is asking private keys of the holders. - page 3.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: bittraffic on February 11, 2020, 01:24:22 PM

...
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
...

This is a common practice when creating fake forks of famous coins. Although there is no requirement to pass a private key in the open. They are asked to enter a private key in the wallet they created. Therefore, we must remember that whoever owns the private key owns the cryptocurrency that is located there.

khiholangkang

hero member

Activity: 2184

Merit: 599

Quote from: bittraffic on February 13, 2020, 08:16:40 AM

The token is listed in p2pb2b, newdex but you can't trade it there because the team doesn't want you to.

If everyone can't send the coins, then whose coins are traded on the exchange? Is that a developer's coin?

bhabygrim

sr. member

Activity: 994

Merit: 257

Best Bitcoin Casino www.coinsaga.com

I wouldn't trust any project that ask their investor to send their own private key to recieve the token or even made transactions.
It is our only way to protect our wallet so why should we let them have an access to our money?

terizla

sr. member

Activity: 554

Merit: 271

Private key is the key that only you can save it and don't share it. That's why this is called Private Key.
If someone asked you about your private key is trully scam.

Byakuga

member

Activity: 518

Merit: 28

That's red flag, stay away at all cost from such project but if you really want to give a try maybe to claim another coin give out an empty wallet private key, you will need to move your coins to another wallet first but for me I'd rather quit such project

shiming

full member

Activity: 798

Merit: 101

I definitely want to leave such a project. The first time I saw such a request, it was very dangerous to send my wallet private key to others. I doubt the true purpose of this project. What I want to say is that for novices, we should stay away from such projects and avoid theft of wallets. See other comments in the forum, basically stay away from such projects. We should not focus on such projects.

Mianae

member

Activity: 798

Merit: 14

The first rule here is never give out your private keys to anyone except yourself. Giving it out makes you lose money and control of the wallet be careful folks.

[email protected]

member

Activity: 645

Merit: 10

A private key is something that only you should know. Otherwise, it doesn't make any sense. It will be bad to know that someone else has access to your wallet. This is wrong.

passwordnow

hero member

Activity: 3108

Merit: 577

Leading Crypto Sports Betting & Casino Platform

These are scammers, they are teaching people voluntarily to give them their private keys. Sorry for those newbies that are not aware of this trick they do, you need to hold your own private keys as if it's your own wealth and it doesn't belong to anyone nor give any clue or hint what your private keys are. Don't fall for this trick, if there's another project that does the same, avoid them quickly and ignore the procedure.

vintages

full member

Activity: 966

Merit: 153

I am guessing this is the new scamming method of stealing people's funds directly from their wallet.
They set up a SHITTY ICO and give out thousands of fake estimated tokens, which investors believe will worth much in the future. Only to steal something bigger from you. Tricks only new crypto investors will easily fall into.

I am long done with anything ICO till I see a renowned but this type of scam piss me off! Those who invest in it should start calling them out! People need to know what they doing.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

I fyou can reveal your password of your bank app to people then you can give them your private keys, private keys need to be more secure because you can decide later to change your password which you can't with private keys. I have never heard of the the project before but there is something fundamentally wrong somewhere

Bonwin

member

Activity: 798

Merit: 38

Blockchain technology has made it so clear in such a way that if your private key, which is meant to be private is disclosed to someone else other than you, then you are prone to losing your form. Asking for users' private keys and not just their addresses, to me is bridge of trust. They should never be trusted and such project I will bluntly say is a scam project. there is no two way about it.
Close your account with them and move ahead.

dentolas

member

Activity: 854

Merit: 12

arcs-chain.com

At first glance I would run... it never happened to me, having to share the private key for anything, including support... private keys are what keeps your money safe, if you share it, those recipients will be able to get custody over your money...
I would at least make a very deep check, but instinct says to run immediately

aemma

copper member

Activity: 966

Merit: 14

It is certainly scam and can't be argued. Like seriously, how can one release the keys that gives him control over assets to the team, it doesn't make sense and certainly spells doom for those who tries it. The blockchain space is know for using private keys etc as a means of security, even every wallet will state it clearly that users should save their keys and don't give it out; and here is a platform asking its users to give out theirs. I won't do it and instead look for a way to dump and move on because such platforms do not last.

Ifepoh19

newbie

Activity: 27

Merit: 1

It’s obviously a scam, any project asking for private key is a scam and you don’t need to be told to stay away from such scam project.

ntsdm1

member

Activity: 394

Merit: 14

Apparently, You just got caught by scammers.As far as I can remember, I didn't have to do it.Be vigilant.

FanEagle

legendary

Activity: 2884

Merit: 1117

I don’t know what project is this but that’s very bad. They shouldn’t be asking for your private keys when they are just a new project and no one even knows about them. Private keys are meant to be kept by the user, unless it’s a platform that doesn’t give its private keys to the user, because there are lots of platforms like that, online wallets to be precise. And even when I try to make use of such online wallets I only go for the ones that are trusted and already with a good reputation.

I have used a few of them like Xapo and Coinbase and they are well known and really good and can do such thing without being questioned. But for this new project you’re talking about, I wouldn’t suggest you take such a risk.

bittraffic

hero member

Activity: 3038

Merit: 617

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?

its the worse scam of all. If you are holding such coin in your verto wallet you have no choice but to giveaway your private key to them. The token is listed in p2pb2b, newdex but you can't trade it there because the team doesn't want you to.

Avirunes

legendary

Activity: 3094

Merit: 1472

Quote from: nutriagrigia on February 12, 2020, 03:48:07 PM

I hear about this for the first time, but I believe that even the name of the key "PRIVATE" gives an understanding that no one should have access to it or see it. But if you are faced with such a project then this is very strange. If you have only these tokens on your wallet, you can enter the key and see what happens next. in any case, you simply have no choice

It's not new. There are lot of threads in scam accusations reporting such projects but I guess maybe you are not that active.

There is nothing to try out with putting the private key. It's a no brainer that they will wipe out whole wallet if someone gives them the private key as long as it has some value in it.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: bittraffic on February 11, 2020, 01:24:22 PM

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?

I would personally never trust such kind of project. They might have no good intentions because none have the right to ask for your private keys. Your private keys are something which would be the whole and sole group of digits to access your wallet. Most of the investors store higher amount of funds in wallets like MEW, etc and sending project the private keys would enable the project to directly withdraw the funds without even knowing you.

You should never ever give your private keys to anyone no matter what the situation is. You can always create a new account on myetherwallet and copy paste those private keys if you really have a strong desire to participate in their token sale but it would never be something preferable.

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