The fruit of greed is never good,, - page 4.

Davidvictorson

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

Why are humans so quick to pass judgement and draw conclusions on certain behaviours exhibited by others? It could have happened to anymore. It may not be greed that was the motive behind your friend's action to follow the Telegram message prompt it may have just been curiosity. Wanting to know what would happen if he clicks on the link. Well now, he has had to learn from personal experience through the loss of his assets that has been incurred.

So for newbies reading this, I will reiterate the following security tips to abide by whenever you are online. It will help keep your bitcoin safe.
- Use Cold Wallets
- Secure Your Devices- have the latest update of your system, install strong anti-virus and firewall protections
- Keep your seed phrase in a safe place
- Ensure you have a strong password. Change it if you ever feel that it has been compromised
- Be aware of phishing attacks - It may be like the one the OP narrated in his story
- Be sure to double- and triple-check the recipient's wallet address.

Cantsay

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Quote from: coiningz on March 01, 2023, 03:04:05 AM

It's strange that people still believe in scams like that in 2023

Not everyone one only the greedy and lazy ones those who are trying to look for ways to make money without having to work for it. And those who are looking for free money they are the set of people that fall for it.

Nrcewker

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I guess your friend didn’t had much amount in his wallets, that’s why without any second thought he clicked on those malicious links and invited himself the trouble. As a newbie you should always try to learn the basics. There will be tons of threads here on the forum regarding which wallet to choose and how to store your funds more securely, but rather than going through it, he just got greedy and clicked on those links. Now nothing can be done, this will only be used as an example now on how to be more careful about your wallets and coin.

inthelongrun

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That is why it is really important to know the basics and understand the dos and don'ts of bitcoin investing. Although OP's friend is greedy, most likely that the person didn't know the dangers of losing bitcoins by just connecting to an unknown site. If the plan is to hold it long-term and not traded actively, it should be stored in a hard wallet. Another thing is privacy, avoid telling the whole world that you own a bitcoin. It could be someone who knew that OP's friend has bitcoin so they targeted him.

Pierre 2

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This type of baits are very very common in crypto space. I personally dislike to use Telegram groups because of it. I obviously confirm human greed is true evil in this. But we should shame thiefs as well. Crypto thiefs are like the worst kind on internet. They know there is nearly noone to stop them. They sometimes get very very cocky even. I wish we could have some kind of proper barrier to avoid stealing after we permit 3rd parties to connect to our wallet.

bounceback

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Quote from: yazher on March 01, 2023, 01:12:33 AM

This is a common story here and a common way for scammers to use this kind of trick because they know that there are still lots of newbies who will gonna believe them. Too bad because this is sent to multiple people in social media through the help of AI bots. right now, there is nothing we can really do but arm ourselves with the knowledge to prevent others to become a victim of this kind of fraud. Most people will gonna fall because of the same reason and that's their greed and wanting to have more than they have even though they have enough but because of their greed, they see themselves as needy until the end of time.

Greed and ignorance are factors that can make us lose everything when investing, especially investing with bitcoin, so far many people we have noticed are very tempted to be able to get big income easily without wanting to learn more about bitcoin science when investing in it, no wonder again if this incident is often experienced by beginners because most of them when investing they cannot store their investments safely and are not careful when they want to connect their wallet with third party sites.

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Quote from: Bananington on February 28, 2023, 01:55:27 PM

Quote from: Stalker22 on February 28, 2023, 01:27:28 PM

Something is not right with this story. First, you mentioned that your friend had invested in Bitcoin, but later stated that he linked his wallet to a malicious website. However, from what I understand, Bitcoin wallets do not typically offer support for WEB3 or decentralized apps. So either your friend hasn't actually invested in Bitcoin or there is something missing in his story.

Although the credibility of the story is in check, the message is clear still that greed is dangerous and can make you loose all your investment if you are not cautious. It is an attribute not to be accommodated unless it can be met with strong thinking to ensure that the drive that greed brings does not make you make a wrong decision. The greed that most people have is what makes them more prone to becoming victims to scammers who know how to always entice and lure these people.

Yes, the story seems somewhat strange, because Bitcoin wallets do not provide support for WEB3, but the only possibility that I see reasonable is that his friend used TrustWallet, this is a WEB3 wallet, which is a diversified wallet that can contain many coins in addition to bitcoin and can be linked through most sites .

If the wallet is linked to the suspicious site and they get a SEED then they can steal all the coins in the wallet including Bitcoin.

Outhue

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Looks like you are now shaming your friend for making this mistake, how is greed involved in this story of yours? Unless there is more to the message you claimed he got on telegram? Do you mind sharing that? No one is above this mistake and it shall pass, he has learned a lesson and he will be more careful in the future. He give up access to his fund by connecting the wallet to the platform, I have made such a mistake before, though the money I lost is not much and I learned.

coiningz

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It's strange that people still believe in scams like that in 2023

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Quote from: davis196 on March 01, 2023, 01:56:07 AM

Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

It would be great if your friend explains in detail about this scam. This would be more helpful, rather than just saying "don't connect wallets to suspicious apps and don't click on suspicious links". What was the scam about? Investing BTC in a HYIP/ponzi scheme, which promises 10000% return? What was the name of the scam? More people should be aware of this scam and stay away from it.
Yes, greed is a big sin, but greed also makes the people invest in assets like Bitcoin. In your friend's case, it's not about greed only . It's about not being cautious, not doing your doo diligence, being ignorant and naive.

You are right, we all have greed, otherwise, we wouldn't have risked investing in bitcoin in hopes of making huge profits. Greed only becomes evil and causes consequences when we have no knowledge, are lazy, and do not want to work hard but want to have a lot of money easily. OP's story is not so new in the market, hopefully his friend will learn a valuable lesson after that loss. Nothing is free in this world, free things never have value.

Zlantann

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

It is important to always verify any link before clicking because scammers are everywhere. You didn't state the kind of wallet your friend had and how he got greedy but generally it is accurate to use a decentralized wallet and never be greedy. These scammers keep devising different sophisticated means of swindling people of their hard earned money that's why we need to be very careful and keep our password and secret seeds safe. But I don't understand your link between covetousness and death but I assume you are referring to some religious teachings that states that covetousness leads to death.

davis196

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

It would be great if your friend explains in detail about this scam. This would be more helpful, rather than just saying "don't connect wallets to suspicious apps and don't click on suspicious links". What was the scam about? Investing BTC in a HYIP/ponzi scheme, which promises 10000% return? What was the name of the scam? More people should be aware of this scam and stay away from it.
Yes, greed is a big sin, but greed also makes the people invest in assets like Bitcoin. In your friend's case, it's not about greed only . It's about not being cautious, not doing your doo diligence, being ignorant and naive.

yazher

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This is a common story here and a common way for scammers to use this kind of trick because they know that there are still lots of newbies who will gonna believe them. Too bad because this is sent to multiple people in social media through the help of AI bots. right now, there is nothing we can really do but arm ourselves with the knowledge to prevent others to become a victim of this kind of fraud. Most people will gonna fall because of the same reason and that's their greed and wanting to have more than they have even though they have enough but because of their greed, they see themselves as needy until the end of time.

tread93

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

A very sad day for your friend indeed. You should never click on any links from people you don’t know, period. That is like BTC 101. With the scams these days you can’t trust anyone.

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

A friend of mine invested some of his savings in Bitcoin.

In the bad news, good news is your friend did invested only some of his savings in Bitcoin, not all of his savings so he lost some of it, not all of it. Good news that he can have other chances to start again.

Quote

But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

Ignore strangers should be first thing in your priority list.
If strangers send you links, ask you to click on those links and if they give you such "too good to be true offers", more solid reasons to ignore them.

Telegram is full of scammers.
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Cantsay

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Quote from: Mr.corol on February 28, 2023, 12:59:42 PM

Although I think such discussion should not be in the form. However, I shared the story of one of my friends being cheated.

A friend of mine invested some of his savings in Bitcoin. But unfortunately today his personal wallet got hacked. Balance 00. I was telling my friend how that . My friend said he gets a message on Telegram and gets greedy and enters the link they provide and connects his wallet. After a while he came and saw that his balance was zero.

"Sin of Covetousness and Death in Sin" Like my friend, none of you connect wallets by entering any bad links. No one will be deceived like my friend.

This is what always happens when you decide not to be satisfied with what you have and also when yo let greed get the best of you just as in the case of your friend.
One thing I have noticed about greedy and lazy people is that even if they find out that a particular stuff is not legit as long as that site has promised to give them a significant amount of money, they are still going to risk everything they have just to get even if you investigate the site and find substantial proof that the site in quest is a scam site they will still pay a deaf ear and continue with their activities there. They only time they do actually listen is after they have been scammed that's when they'll finally sit down to listen to reasons. And now that your friend has been scammed I'm very sure he won't just go around anymore connecting his wallet to random sites, if at all he wants to connect a wallet he should have a separate wallet and a separate device (if it's able to get one) to use he should have a wallet he uses for airdrop.

NicNacCoin

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Quote from: Upgrade00 on February 28, 2023, 01:19:09 PM

Your friend's wallet wasn't hacked, they gave up access to a 2nd party by linking their wallet or giving out their private keys.
A hack would be a breach or a compromise on the system, this is a silly mistake.

Your friend's account was not hacked, his friend gave scammer access to his wallet. Like giving a link on Telegram and accessing that link through his wallet phase. In this his account is transferred to the second person and he takes everything as his own.

Quote from: Upgrade00 on February 28, 2023, 01:19:09 PM

This is the reason why I caution that newbies should not invest until they have gotten enough fundamental information about the assets and how to secure themselves, without this, they would get quickly lose their funds.

This is the main point that beginners should not invest. Like the OP's friend went through a lot of trouble he invested. He lost everything in an instant because of his mistake. I agree with you that beginners should first get good experience from here and gain skills then invest otherwise they will lose all their balance at any time and be totally broke later. And I think everyone should be corrected from here.

GiftedMAN

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The punishment for greed is loss which I think your friend is passing through where ever he or she is right now, but however, I think you have to learn from his experience not to click on links you know nothing about otherwise you end up losing all the funds in your wallet. Scammers are always ready to get people attracted with links that leads them to doom. As some one who is a member of the forum here, learn not to be greedy to things you know nothing about so that you won't be like your friend.

HajiBagi

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Quote from: CryptSafe on February 28, 2023, 02:52:15 PM

Greed sometimes ends with regrets. I have had the experience before where I advised a friend on a particular trade which we were on that faithful evening and at a particular trade point I collected my profit and I told him to do the same but he ignored my advice waiting for it to go up again and after a while till today he still, the price dropped like a tree falling down with full speed to our greatest surprise it was a total market crash. Till today he still regrets that event and he has learnt his lessons from that and it was a bitter experience for him as the funds he invested was for a particular purpose but he was trying to see how he could get some more money from the trade so he could use for some other activity as well. The incidence really taught him a lesson not to be greedy.

Yeah, greed always results in regret, but it primarily affects people who are dissatisfied with what they have and who also don't consider what they will get or become wealthy in a short period of time; this primarily happens with many people, such as newbies. I believe the information you shared will help some people understand that greed is not a good thing and it really affects many investors' plans, and I advise we shouldn't be greedy to give a scammer an opportunity to enter our wallet.

DooMAD

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Greed can be used for good, though. "Everything in moderation", and all that. The way I tend to see it, satoshi harnessed greed to create the very alignment of incentives that keeps Bitcoin in check. The reward to secure the network should always be greater than the reward for attacking the network. Bitcoin is, effectively, fuelled by just the right amount of greed. And from this, we get a permissionless, censorship-resistant, freedom-loving network. Undeniably a good thing.

I think, in this particular case, however, the issue was simply too much greed. Your friend had a lapse in judgement. Clear and rational thought was clouded by overwhelming greed and, as a result, they paid the price for it.

Topic: The fruit of greed is never good,, - page 4. (Read 668 times)