Topic: Project's website is asking private keys of the holders. (Read 636 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.
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
This is so obvious, why would you let anybody get hold of your keys of your wallets. This is also a warning for newbies in cryptocurrency that even if you are are an honest man, you shouldn't immediately trust anyone especially if its about money.
Obviously this is a scam, there are no legitimate projects asking users for their private keys, it's better to leave them and report on their telegram group. Scammers have many reasons to trick users into giving their private keys to them and I'm a little furious about projects like this. They destroy the reputation of crypto in the eyes of people who are new to crypto.
And there is no reasons for asking it other than you want steel the balance they have in thier wallet.Only address and balance is needed in any project asking for privatekey is too much. I remmber airdrop that been doing this before now they upgrade thier self and make a website.
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.
Honestly, i never thought this sought of cheap scams still exists. Like did they possibly expect anyone to fall for it? except some newbies and gullible individuals. The particular project (volentix) has been operational for quite some years now, i don't just know why they are asking for private keys all of a sudden now. One just have to be extra careful in this space, if not you might just wakeup to see your life savings gone
Obviously this is a scam, there are no legitimate projects asking users for their private keys, it's better to leave them and report on their telegram group. Scammers have many reasons to trick users into giving their private keys to them and I'm a little furious about projects like this. They destroy the reputation of crypto in the eyes of people who are new to crypto.
The project is giving you a pointer not to trust their team and the project as a whole. I have been into crypto and have been into different projects successful or not and none of the asked for investors or even bounty participants to provide their private key for distribution.
This is a very obvious reason not to trust such a project. I believe that it will not exist for a long time, because only the wallet owners themselves and no one else should have access to private keys.
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?
Well asking the private key from the holders or users is already suspicious but upon seeing the image you have attached in the post makes it more suspicious when the admin in the telegram asked "why?" into a member who wanted to withdraw his assets which is supposedly his rights of will because he have worked hard for it. It must be a free decision of a member to withdraw his assets out of a certain project because it is already his own possession supposedly for the work done on promoting the project. Also, the wallet address is just the needed information from the user and not the private key because the word "private" will already be nonsense once you have shared it to other people other than yourself. If the project really insist this process, then you should be asking why and they must provide a clarified answer about that inquiry to be able for members to understand and not to cause confusion anymore.
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Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
...
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.
yes im familiar with this . the one that you said fork and private keys but this is the only way to get a fork coin . other than that , others that ask for private keys is shady . dont trust them because your coins can get stolen . entering a private key on a wallet is also normal because that is another way to acces your account but just make sure that the wallet is trusted . i forgot there are also an airdrop that has a rule like this and others are asking for thier users to send some coins on the given address . those are odd .
In this case, you need to distinguish the official fork from the fraudulent one. To do this, read the official Twitter of the coin. And if nothing is said about the upcoming fork, it is better to stay away from such a fork and not enter your private key in the new wallet.
I would think twice before showing your private key to anyone or before entering it anywhere in any application or form. Never trust anyone who tells you he is fair and won't use this information.
Don't think twice becaise you don't even need to show your private key to someone or something just to send some tokens, we have addresses made exactly just for that thing so it will be too obvious for us that this project right here is just one of hundreds of scam projects that lurks the internet. You can easily tell if something is off so be more vigilant for those projects. 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.
Here is their ANN thread: https://bitcointalksearch.org/topic/volentix-trade-across-any-blockchain-5184083There 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.
I wonder how they have not been painted yet after been so idiotic to ask private keys from people and the chat support says why when you ask them questions.
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.
Indeed and it feels so strange how exchanges have managed to list such tokens and I would really like to know more about this coin because I cannot find too much details about them yet 
.Quote
After someone says he wants to take out the VTX out in the verto wallet the ADMIN asked WHY?
Lol that could be the meme of the year 
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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?
If they are asking with one of the most important information of your wallet, this is something that you should doubt.
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?
This is a type of project that we should not involved in. It is clearly shown that this project do not let their community to freely move their fund.
I would think twice before showing your private key to anyone or before entering it anywhere in any application or form. Never trust anyone who tells you he is fair and won't use this information.
I know this project, I think there is no problem with this project. All you have to do is hold the private key when initializing your wallet, that private key is the key to access your EOS wallet. Those who save a private key as a file will need to decrypt it as they instructed.
Op you are a Senior colleague here. You must come across this kind of scam here on bitcointalk where people share their experience about being scammed. This is a kind of old method of gaining access to people's hard earn money. They do not need your private key to send token to you. That is the reason why we have a public address. You don't share your private key with the third party. It is not even safe to store your private keys on cloud storages, your pc and even in your mail, so obviously this is a scam.
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.
Yes and I was searching about this and found out that OP is not the only one to face issues from this ICO as you can see people commenting in their thread like what's the use of such a token when you can't move it from your wallet. But that said, the token seems to be dead already as the last post in their thread was months ago and there seems no proper communication from Volentix team.The funniest part I see is where the OP asked I want to withdraw my tokens and the support was like Why? Lol, it is my tokens I don't need to give you a reason for moving my tokens.
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.
Yes and I was searching about this and found out that OP is not the only one to face issues from this ICO as you can see people commenting in their thread like what's the use of such a token when you can't move it from your wallet. But that said, the token seems to be dead already as the last post in their thread was months ago and there seems no proper communication from Volentix team.The funniest part I see is where the OP asked I want to withdraw my tokens and the support was like Why? Lol, it is my tokens I don't need to give you a reason for moving my tokens.
A project asking for private keys of holders have something up its sleeves which the most gullible users don't know. Those who have been in this space for long will know such a case scenario means letting of all authority over your assets that is to say you are getting scammed. While those who are new to such things will innocently release their keys thinking it's the right thing. Private keys is meant to be private there is nothing that can be said about it and anyone or project asking for such is likely to dupe or scam the person. Whatever control we have over our assets should never be surrounded to anyone.
If i face condition like that, maybe i will give empty wallet private key or maybe not give any of my private key. Well, but we must know and people should keep read this thread so they know if that is what scammers do. Actually our address is already enough to give to people in any condition.
...
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
...
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.
yes im familiar with this . the one that you said fork and private keys but this is the only way to get a fork coin . other than that , others that ask for private keys is shady . dont trust them because your coins can get stolen . entering a private key on a wallet is also normal because that is another way to acces your account but just make sure that the wallet is trusted . i forgot there are also an airdrop that has a rule like this and others are asking for thier users to send some coins on the given address . those are odd .
...
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
...
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.
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? 
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?
It is our only way to protect our wallet so why should we let them have an access to our money?
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.
If someone asked you about your private key is trully scam.
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
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.
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.
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.
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.
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.
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.
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
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.
Close your account with them and move ahead.
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
I would at least make a very deep check, but instinct says to run immediately
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.
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.
Apparently, You just got caught by scammers.As far as I can remember, I didn't have to do it.Be vigilant.
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.
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.
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.
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.
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?
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.
Your private keys protect your funds so it's never a good idea to share these with any parties you don't trust and definitely not with a project that asks you for them as this will likely result in you losing all the assets stored in your wallet
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
There is no way. It is called a private key for a reason. Not private-public partnership key.
That project sounds scary already. I have never found any of such a project. But, if I do, I will slide it into the archive of ‘scam projects. No need to engage with such a project
That project sounds scary already. I have never found any of such a project. But, if I do, I will slide it into the archive of ‘scam projects. No need to engage with such a project
It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.
Those kind of project are just trying to take advantage of the trust that was given to them so they can exploit your funds and assets. Always remember that scammers will always look for a chance to deceive you in order to get the benefits they wanted. They will try to convince you that they are trustworthy by giving you promises and once you click that bait you will surely end up just like any other people had experience. Its the specific reason why we should be more careful and aware that such incidents may happen to us because we don't know how scammers work, they usually find another way to trick you when their system got busted. Don't let your greediness control your way of thinking because it won't do good. 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?
Don't even think of that. I lost my entire fund because of that kinda fraught. I saved my asset around 5/7k $ from bounty since 2017 and last year around January i got into trap like this. The project i participated mailed me to doing some steps with fake ERC-20 website and foolish me done that for their token and rest of the story is they scammed me.
I strongly recommend you to stay away from those kinda project. Your small greediness can create a danger for your asset. Secure your privet key from anyone and don't take such a foolish step like i did.
It felt like I have to let everyone see it for yourselves. The project however is already listed in different exchanges such as STEX, p2pb2b and Newdex. I'm a fan of EOS so I kept my time in newdex and finally wanna try this VTX token. I tried their wallet named VERTO from the playstore and deposited some EOS there but when I tried sending these EOS out of their VERTO wallet, it asked me to decrypt my private key first.
This is how to do it https://www.youtube.com/watch?v=OSQsrdP3Gis
This video is guiding users to decrypto a key configuration from the wallet backup where private keys are stored. What will happen is that I will have to decrypto this private key before I can send out my EOS.
I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.
Because there would be really some people who might even send their private keys to such projects just to have benefits from the project but such kind of scammy intention projects might last no longer and at the end of their project life, they would simply withdraw all of your coins from the wallet you sent them the private keys. They might not even leave behind any of your existing tokens onto such wallets so never make the greed eat you and never go for any such kind of project.Even if they ask you to encrypt your private keys never means that it would never be possible for them to decrypt it again because decryption is a bit easier than encryption.
Private keys is a personal for you and your money security. It has possibility to lose your all token. Its a not a smart choice to provide your private key project website. If you want keep safe your token don't provide 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?
Can you give your money to somebody who you don't know? Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
In real life, we know that we don't do things like that and it goes the same with crypto too. Fair project?? Nahhh. Pure stupidity. Just the "Copy paste their private key" is already a sign that it is a scam project. They wont be looking to the private keys then why do they need to get it at first place. Stupid project, website and the persons behind it.
Popular quote when it comes to crypto is that "No matter what happens, don't ever ever share your private keys to anyone". You may think twice to this "Project" you are saying. You're probably wise enough to answer your own question
. Its an obvious scam lols.
That was obviously a red flag, don't give your private keys to any one no matter what. It is just like giving your ATM card and your ATM card password to a thief. Don't fall for this trick, if they didn't give you your tokens if you don't give your private keys then move on, that is a scam. The only projects that we can give our private keys is if we want to use their wallet but if you don't trust the project then don't use it.
It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.
I can never trust a project that wants to learn my private key and i stay away from that project. Private key is the biggest factor that ensures the security of the wallet. Therefore, sharing the private key with other people destroys the security of the wallet.
I have never heard any real project asking for users to submit their wallet private keys. I have seen such for some phishing Airdrop and it's mainly scam for those that know. Projects don't need your private keys for any reason whatsoever. Asking for it is a negative sign. Run away.
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?
Don't be fooled to this kind of scheme as it is very obvious already and if you will fall to it. It only means that you are too noob to avoid this kind of scam attempt as only wallet address is needed to send any tokens/coins and not the private keys.
Asking for a private key to send a token to another wallet is unreasonable and adding instructions on how to get the private key from the application file proves to be a fraud project, keep your private key private. always safe, only a handful of large projects that require a private key for one to work necessarily need it, projects that require a private key that are not necessary are fraudulent.
That would be impossible for me to give such. I dont know about the others but that would seem to obvious inclination to scam for me. So as long as I can, Id rather stay sway from such sites.
I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.
Copying and pasting something like your private key's extremely dumb in any circumstance because there's plenty of malware out there that can read what you copy and paste, and even though keyloggers also exist, it's infinitely better to look and type out your private key if you ever needed to do so in a circumstance like the one mentioned in the OP.
A project like this might not only be a scam but also poorly designed.
A project like this might not only be a scam but also poorly designed.
A private key is something privacy as the name. Giving a private key to another party or person means that you risk your funds on the wallet.
Giving PK means that your wallet is not secured again. If a project wants to do that and asking about your Private key, I think that it is very strange. They seem to be a scammer, very smooth. Be careful when someone or party is asking your private key. Never give it to them.
Giving PK means that your wallet is not secured again. If a project wants to do that and asking about your Private key, I think that it is very strange. They seem to be a scammer, very smooth. Be careful when someone or party is asking your private key. Never give it to them.
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?
if i clearly understand what the word private means. It is pertaining to a particular person, not to be shared with any second or third party. A private key is just for a singular person and not for any other person to have access to. If the above said is true then, no website can actually act under any legal guise to get you to expose your private key to them. except for extentional apps like Metamask and other likes, I do not see the need for giving out private keys.
That is very suspicious possibly a scam and just want to get your private keys. I am just curious is this website a DEX? you have mentioned also "of their wallet" this project has its own wallet? What blockchain are they using? or they have their own blockchain? If they have their own wallet and blockchain maybe they meant just to import your wallet. I want more info from you. Thanks!
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?
That it looks a smart way of scamming and if you are also a fool, then you have to give your keys. But I think you're not and you shouldn't have to deal with these people or even have a communication with them cause the more you will talk to them, the more you are dragging their attractive words to manipulate your decision.
You can actually give them the wallet address but not the keys otherwise, you are just simply giving them a chance to scam you.
In my own little experience this points to one thing SCAM. likely seriously, how can a project team be asking members of their private keys knowing fully well what the blockchain space stands for. Asking members for their private keys is like asking them to release all manner of control they have over their investment which is uncalled for. I have not encountered such projects but it's not far or wrong from saying it's only but a scam project.
I haven't seen one but I have seen people complaining about this before. Obviously, this is like giving your own bank account number with the pincode to them.
Would you allow that to happen? our private keys shouldn't be given to anyone.
Would you allow that to happen? our private keys shouldn't be given to anyone.
If I'm not mistaken, there have been projects in the past that will ask for your ETH private keys before they will send you the bounties, so obviously this is a scam attempt. So regarding your questions about trust, why would someone send their private keys anyways? It's supposedly "private" and people who do send their keys lack the proper education and they shouldn't involved themselves in crypto in the first place.
Generally, you should be very cautious whenever you enter your private key in a website or an APP. But this doesn't mean every website that asks your private key is a scam. First we should know which website you are talking about.
For example, we can enter our private key in myetherwallet and be safe.
If the website which asks your private key is not open-source, never trust them. If that's open-source, then it needs more investigations.
For example, we can enter our private key in myetherwallet and be safe.
If the website which asks your private key is not open-source, never trust them. If that's open-source, then it needs more investigations.
Thats a big joke by the project website lol.
From my little knowledge in crypto currency. IF ANYONE ASKS FOR YOUR PRIVATE KEYS, BLOCK THEM IMMEDIATELY
There are several ways to go about it, metamask is there that can be employed, self drop is there, but they want only private keys first ??
Please flee from every appearances of fraud.
From my little knowledge in crypto currency. IF ANYONE ASKS FOR YOUR PRIVATE KEYS, BLOCK THEM IMMEDIATELY
There are several ways to go about it, metamask is there that can be employed, self drop is there, but they want only private keys first ??
Please flee from every appearances of fraud.
As the name goes, "private key" meaning it is private and personal to the user and not to be shared with anyone even the team. Any project asking that from its users points to scam, because in so doing the users will end up losing their control over their wallets. The project is not fair in anyway possible, this is the team trying to exploit their users. I have not seen such project before and which is why we need to be careful of most projects.
I just found out there are projects that ask for silly rules about privatekey issues, but what is this project? if you can provide a source because the project could have been a project scam and this might take a lot of victims.
Really? Am seriously in shock to hear such from people, that, strange random websites require them to input private keys before completing transactions. I said they are all scams and should be avoided by all means. A friend of mine who carelessly gave out his private keys live to regret his actions, his coins were stollen and his investment crumbled. "If it not your private keys, its not your funds"
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?
Anyone that does something like that is going to lose their money, people need to familiarize themselves with cryptocurrencies before investing because this is one of the most obvious scams you could think of and yet many newbies fall in it.
I just found out there are projects that ask for silly rules about privatekey issues, but what is this project? if you can provide a source because the project could have been a project scam and this might take a lot of victims.
Me too, that's really ridiculous and very clearly it's a scam. If the OP wants to tell what the project's name is, it can be a good warning for everyone not to get caught up in fraud. It's just a private key, it's a secret, right? then if it's shared, it's the same as leaving our safe box wide open for everyone to take away the contents, that's my logic. 
I don't know which project is that but I wish newbie people won't fall into this obvious scam. I saw this type of scammy behaviour years ago, but in this 2020, which fool scammer brings this again? Private key meant to keep in Private, even if your friend ask you to give this, you should say them No loudly. Could you please share the project name? so I can aware people through my socials.
They can send the token by using public key(address) of the coins, why they need asking for someone private key? You cant send any coin to private key dude. Private-key only can be used for accesing the wallet & doing transaction, its cant be used for receiving token/coins. 100% scam avoid that shit project who asking a 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?
There are two parts of the story. If this project has their own wallet where you can't keep any other cryptos, then it somewhat makes sense! They might be looking to validate something which you probably can check with their support team.
However, if they are looking for your personal wallet's private key, steer clear out of this. It is a scam attempt! Hope this helps!
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 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.
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?
Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?
Let me rephrase it for you: Would you trust someone who is asking you some money and your money vault's key in order to invest in a project? . Rest I think you are smart enough to make a decision.
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?
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