Bitcoin Forum

Got some feedback from Estonia and Latvia on Asicvault. There has been at least five similar scams generated by Asicvault's CEO Hando Eilsen. Tens of his partners and investors have lost money investing in his "100 times better" or even "1000 times better" schemes: search engines, internet casinos etc, and the wallet here (hopefully some relevant court cases will be available for me soon).

But the worst thing is that Asicvault proceeds with selling non-existent product and tricking people into buying it. Judging by the previous schemes I guess the point here for Asicvault is to get money from new investors. That's why they still try to suppress any negative statement in social media and show the bogus as a real product. Maybe the Asicvault team believes it can pull through with the new money and finally release the product - but in fact they are just packing the pockets of a notorious scammer.

Never heard about this wallet, but the domain is created last year and the expiration date will be March 04, 2023.

The design looks like a wristwatch and according to the website this vault is built with ASIC chip.

Anyway, I was searching on google, but I couldn't find someone that telling that this new wallet device is scammed and this is the only thread that I found telling that this device is fake and scam.

If you believe that this device is fake and scam better to investigate it and bring a real proof here and discuss it in their official thread here https://bitcointalk.org/index.php?topic=2706485.0 or make a new thread in scam accusation with your proof so that the other forum members are aware about this scheme.

But maybe you would search more and try to find anybody who has got the wallet? hundreds have payed for, nobody has received it.  And maybe you would begin with the fact that Asicvault phones are dead, their office address is fake and they ignore for months the complaints of their customers. But if this is acceptable for you then we can stop here.

More about Asicvault's scam scheme, it is pretty thorough analysis, expert explains here the fraud from technical side as well as from management side:
 http://archive.is/4fDi1

and here starts the obfuscating as Asicvault is not Asicvault any more: https://twitter.com/AsicVault/status/1062404729752309762

their goon badnooseAV tries to say the same here: https://twitter.com/BadNoose_666/status/1062066787813068800

AVF MINING LTD: Asicvault's CEO opens a scam base in GB: https://beta.companieshouse.gov.uk/company/11657718/officers

regular uptades on Asicvauld and Asicfuel scam:  https://bitcointalk.org/index.php?topic=5186716.0

The best part is that the paper seed word backup inherits the same level of security that's used by the hardware  ;D