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Economy => Service Discussion => Topic started by: Cosette on February 10, 2021, 08:37:18 AM



Title: Elon talk about freewallet app
Post by: Cosette on February 10, 2021, 08:37:18 AM
https://i.imgur.com/uIjTa6A.png

Elon with his savage tweets (https://twitter.com/elonmusk/status/1359390452772966404).
Maybe if you still use freewallet, you probably want to consider to move your funds to another wallet. This really hit hard for freewallet.
Well, they can probably improve it in the future.


Title: Re: Elon talk about freewallet app
Post by: bL4nkcode on February 10, 2021, 08:50:02 AM
Well, freewallet isn't a wallet after all.

Only newbies who was lured by their misleading marketing use their service.


Title: Re: Elon talk about freewallet app
Post by: Jawhead999 on February 10, 2021, 08:53:01 AM
I don't think they will improve it in the future since they're known as a scam and has bad reputation wallet exchanges in the past Freewallet.org SCAM accusations - a compilation (https://bitcointalk.org/index.php?topic=5249178.msg54450050#msg54450050)

All users must move their coin to their own non-custodial wallet, I would think freewallet will froze and stole all users coin since they has been caught by Elon Musk.


This discussion has been created before FreeWallet.org is a scam - Elon Musk account locked by Freewallet criminals (https://bitcointalk.org/index.php?topic=5316100.0)


Title: Re: Elon talk about freewallet app
Post by: Cosette on February 10, 2021, 08:58:13 AM
I don't think they will improve it in the future since they're known as a scam and has bad reputation wallet exchanges in the past Freewallet.org SCAM accusations - a compilation (https://bitcointalk.org/index.php?topic=5249178.msg54450050#msg54450050)

All users must move their coin to their own non-custodial wallet, I would think freewallet will froze and stole all users coin since they has been caught by Elon Musk.


This discussion has been created before FreeWallet.org is a scam - Elon Musk account locked by Freewallet criminals (https://bitcointalk.org/index.php?topic=5316100.0)
Yea, i see a lot scam accusation agains them in the past, but they still doing it until now, its been several months since i hiatus in forum and it still same.

Also, good thread you share there.


Title: Re: Elon talk about freewallet app
Post by: ABCbits on February 10, 2021, 11:39:16 AM
They deserve it, Freewallet isn't free or wallet, because they collect your personal data, have full control over your coin and freeze your account with vague/stupid reason.


Title: Re: Elon talk about freewallet app
Post by: Festac on February 10, 2021, 02:43:25 PM
I know freewallet team are on this forum, they need to see this because it's been discussed many times already, I lost some btc to freewallet and also some Doge because I was a noob at the time, I knew nothing about private keys


Title: Re: Elon talk about freewallet app
Post by: Review Master on February 10, 2021, 03:29:39 PM
It looks like, Elon is now on the way to teach everyone about the basic rules about crypto. Though everyone might know about those scam accusation of freewallet, but Elon helps other to understand the fundamental of crypto wallet and spread indirectly "Not your Keys, Not your Cryptos". So, it's always better to use non-custodial wallet instead of using custodial wallets.


Title: Re: Elon talk about freewallet app
Post by: KaratX on February 11, 2021, 10:19:58 PM
I knew about freewallet in 2016 and most of my claimed faucets was stored in the free wallet, I have Doge coin and bitcoin with free wallet but unfortunately later on I can't log into my account again, I was told to login with my password and it was correct, it seems free wallet cheat me, after contacting the team they never help me to fix the problem


Title: Re: Elon talk about freewallet app
Post by: The Cryptovator on February 12, 2021, 05:31:28 AM
At least I wasn't expected Elon Musk would use such as custodial wallets. Anyways there would be a reason behind it that we aren't aware of. Elon said an important thing, we shouldn't use any wallet that isn't giving our private keys. The problem isn't with Freewallet only, all custodial web wallets have the same issue. Just imagine, if they could hold or block Elon Musk's funds who is a well-known person in the whole world then it's quite easy to block our funds. Anyway eventually they solve the issue of Elon's, according to Freewallet they block funds due to security reasons. Honestly, I am not fully satisfied with that answer. I don't think Elon leaves his wallet unsafe at all. There are many ways to contact with real Elon Musk except lock account.


Title: Re: Elon talk about freewallet app
Post by: Lorence.xD on February 12, 2021, 10:41:18 AM
They deserve it, Freewallet isn't free or wallet, because they collect your personal data, have full control over your coin and freeze your account with vague/stupid reason.
Never knew that part, that is unconstitutional if I am right, collecting big data to sell to corporations or data mine is an illegal thing to do. I am not surprised that they freeze accounts because I know for a fact that a lot of exchanges, wallets and gambling sites do it. The big data part is very difficult to understand because isn't it anonymous unless they have a comprehensive KYC in place.


Title: Re: Elon talk about freewallet app
Post by: hugeblack on February 12, 2021, 10:42:27 AM
The problem is with the search engines that show wallet first and the lack of alternatives to it, especially for beginners.
I think that many who want to invest will do the following:

 - Google "Dogecoin" or "Dogecoin wallet" or "Dogecoin best wallet"
 - Download Freewallet wallet because it is free and wallet.
 - Keep those coins out.

No problem will happen as depositing with that wallet is easy, but withdrawing from it will be very difficult (need KYC, Docs, ...etc.)
I also think that the intense promotion of jokes made by Elon Musk about that currency will cause many to lose their money.


Title: Re: Elon talk about freewallet app
Post by: Questat on February 12, 2021, 10:47:44 AM
Excuse me, what is freewallet?

Honestly, I have not use of a freewallet yet, is this it the one (https://freewallet.org/) you guys are referring.
For now, I use electrum and MEW for my ETH and tokens.


Title: Re: Elon talk about freewallet app
Post by: Taskford on February 12, 2021, 11:59:38 AM
For this compilation thread about how freewallet works well this one should not be trusted. So to anyone planning to use this maybe they should look at this compilations so that they will not fall and add to write a scam accusation about them.

Better work with  trusted wallet which recommended by many users.


Here's a list of scam accusations reported here on the forum.  I'm sure there are more, but I got tired of digging after 5 pages of google search results.  There are likely many more on other social media sites.  Some of these have been resolved, but almost all follow the pattern described above.  I did not confirm the validity of any of the reports below, you'll have to judge for yourself.

01. FreeWallet.org Scam - Millions stolen (https://bitcointalk.org/index.php?topic=1963839.0)
02. FREEWallet.org SCAM ( Don't use any of their iOS or Android APP) (https://bitcointalk.org/index.php?topic=1964190.0)
03. FREEWallet.org BIG SCAM, THIEF'S ( Don't use any of their iOS or Android APP ) (https://bitcointalk.org/index.php?topic=2619480.0)
04. Freewallet.org is a SCAM (https://bitcointalk.org/index.php?topic=2790028.0)
05. Freewallet is SCAM (https://bitcointalk.org/index.php?topic=3047087.0)
06. Beware freewallet is a scam wallet !  (https://bitcointalk.org/index.php?topic=4436226.0)
07. FreeWallet.org - Racketeers of personal and financial data , and scammers . (https://bitcointalk.org/index.php?topic=4442815.0)
08. [Unsolved after 70 days] Freewallet.org is a SCAM, do NOT  (https://bitcointalk.org/index.php?topic=4801704.0)
09. FREEWallet.org is a SCAM!!(solved) (https://bitcointalk.org/index.php?topic=4891827.0)
10. Freewallet.org is SCAM !! DO NOT USE THIS WALLET !![Solved] (https://bitcointalk.org/index.php?topic=4980334.0)
11. Monero FreeWallet is a [SCAM] (https://bitcointalk.org/index.php?topic=5109760.0)
12. FREEWallet.org is a SCAM (https://bitcointalk.org/index.php?topic=5128260.0)
13. Freewallet delaying refunding(Solved) (https://bitcointalk.org/index.php?topic=5134482.0)
14. Freewallet stole over $1,000 in ZEC from me! [RESOLVED] (https://bitcointalk.org/index.php?topic=5163429.0)
15. Freewallet.org is a fraudster who cheated me out of 15.2BTC (https://bitcointalk.org/index.php?topic=5164369.0)
16. Freewallet.org is the Scam(sloved) (https://bitcointalk.org/index.php?topic=5176285.0)
17. Solved - Freewallet.org making me nervous! (at the end nothing to worry about) (https://bitcointalk.org/index.php?topic=5181121.0)
18. Freewallet.org scam ,no reason to say have is risk,  (https://bitcointalk.org/index.php?topic=5183268.0)
19. Freewallet makes me stress asking me proof ID and freezing my wallet (https://bitcointalk.org/index.php?topic=5201157.0)
20. Freewallet lies to users (https://bitcointalk.org/index.php?topic=5207037.0)
21. Freewallet.org is a scam or they are just never satisfied (https://bitcointalk.org/index.php?topic=5217074.0)
22. FreeWallet steal my DOGECOINS (https://bitcointalk.org/index.php?topic=5220062.0)
23. [Help] Freewallet.org wants to steal 35 XMR (Solved) (https://bitcointalk.org/index.php?topic=5229460.0)
24. freewallet.org just blocked all withdrawals when trying to change 1BTC into USDT (https://bitcointalk.org/index.php?topic=5232286.0)
25. Another Freewallet Scam (https://bitcointalk.org/index.php?topic=5238810.0)
26. FREEWallet.org stole 55 000$! be careful SCAM (https://bitcointalk.org/index.php?topic=5248998.0)

thanks to @logfiles for the list with titles.


Title: Re: Elon talk about freewallet app
Post by: Freewallet on February 12, 2021, 12:37:04 PM
We've provided the response to each item on this list:  https://bitcointalk.org/index.php?topic=5249178.msg54452971#msg54452971 (https://bitcointalk.org/index.php?topic=5249178.msg54452971#msg54452971)
For any queries, we are available online.


Title: Re: Elon talk about freewallet app
Post by: Questat on February 12, 2021, 01:12:12 PM
It's true, see https://freewallet.org/privacy (https://freewallet.org/privacy). Additionally they share user data with few third-party service.

Honestly, I have not use of a freewallet yet, is this it the one (https://freewallet.org/) you guys are referring.

Yes

Thanks for the reply @ETFbitcoin, I was interested on trying the wallet but when I saw a post from @Taskford, I change my mind, I'm more interested now on how did Freewallet (https://bitcointalk.org/index.php?action=profile;u=1177176) get tagged, this is all completely new to me.


Title: Re: Elon talk about freewallet app
Post by: DireWolfM14 on February 12, 2021, 01:44:55 PM
We've provided the response to each item on this list:  https://bitcointalk.org/index.php?topic=5249178.msg54452971#msg54452971 (https://bitcointalk.org/index.php?topic=5249178.msg54452971#msg54452971)
For any queries, we are available online.

Yes, you've provided a response, what about resolutions?  You could just be honest and tell your customers that you'll require KYC upfront, before they register with your shitty app.

Why don't you provide your customers with all the information they need to make educated decisions before they deposit their funds?  Could it be so you can spring KYC requirements on them once their balance has reached a sufficient amount for you to scam them?  Are you hoping they'll refuse the KYC and abandon their account?  I'm also curious how many users accounts you've locked that have never been returned to the proper owners.  What do you do with all that crypto?


Title: Re: Elon talk about freewallet app
Post by: Denv_eagle on February 12, 2021, 01:45:41 PM
What? I've never had any problems with the Freewallet. If anything occurs, I just try updating the app or restart the phone.


Title: Re: Elon talk about freewallet app
Post by: DireWolfM14 on February 12, 2021, 02:07:58 PM
What? I've never had any problems with the Freewallet. If anything occurs, I just try updating the app or restart the phone.

That's because you're the sockpuppet shill account.  Duh!


Here's my favorite of you're hairbrained shilling:

I can’t remember my phone number and you want me to remember my private keys? No way. I’d better leave it to the devs. For 2 years of using Freewallet my funds were safe and sound without me having the keys.

Lol, that's your excuse?  You can't remember your phone number?  There's no reason to remember your private keys if you're literate.  A pen and a piece of paper will solve that issue.




Title: Re: Elon talk about freewallet app
Post by: Maus0728 on February 12, 2021, 09:12:28 PM
What? I've never had any problems with the Freewallet. If anything occurs, I just try updating the app or restart the phone.

That's because you're the sockpuppet shill account.  Duh!


Here's my favorite of you're hairbrained shilling:

I can’t remember my phone number and you want me to remember my private keys? No way. I’d better leave it to the devs. For 2 years of using Freewallet my funds were safe and sound without me having the keys.

Lol, that's your excuse?  You can't remember your phone number?  There's no reason to remember your private keys if you're literate.  A pen and a piece of paper will solve that issue.

LOL. This is the funniest yet dumbest reasoning I have ever encounter in this forum. How can someone use memorization of phone number an excuse for users to not keeping their private keys safe? Damn, Freewallet still got balls to reply in this thread despite of being a proven scam platform. @Freewallet, dude, we aren't born yesterday, and your dumb shilling alt accounts wouldn't change your reputation and the fact that you scammed a lot of people. Glad that Elon's popularity warned all existing users (which I hope is none) to leave your service and your platform. I guess freewallet motto was supposed to be "Freewallet Family of simple and ez money for us" afterall??  :D


Title: Re: Elon talk about freewallet app
Post by: shield132 on February 12, 2021, 09:30:16 PM
I should follow him on Twitter. Does anyone know what was the answer to Binance's comment? Somehow I couldn't find it from the link, will be glad if you screenshot it.

The problem is with the search engines that show wallet first and the lack of alternatives to it, especially for beginners.
I think that many who want to invest will do the following:

 - Google "Dogecoin" or "Dogecoin wallet" or "Dogecoin best wallet"
 - Download Freewallet wallet because it is free and wallet.
 - Keep those coins out.

No problem will happen as depositing with that wallet is easy, but withdrawing from it will be very difficult (need KYC, Docs, ...etc.)
I also think that the intense promotion of jokes made by Elon Musk about that currency will cause many to lose their money.
This is the way how search engines work and I wouldn't say that they work bad, no, and search engines aren't humans or super intelligent AIs to fully analyze everything and submit the really trustworthy things. They work according to some factors, for example: If high authority website links to freewallet, then google thinks: Oh, if cointelegraph includes their link in their main page (for example), then it will be good.

The problem is that Marketing actually works and good marketing can sell bad products. They know that their targets are newbies in crypto world and those newbies who are looking for all in one services.


Title: Re: Elon talk about freewallet app
Post by: Kakmakr on February 13, 2021, 07:08:26 PM
Man, you know your service is soooo fuked ...when a major influencer like Elon Musk trash talk your App to his millions of subscribers. It is even worst if that person has extensive experience in the finance and payment system scene. (He only co-developed the software that was sold to PayPal and made a massive impact in the payment industry)  ;D

The guy can hire a army of developers to crush any competition out there, but a few words does even more harm. It might even have been a strategic move to give him a reason to do that.  ;D


Title: Re: Elon talk about freewallet app
Post by: dihari on February 14, 2021, 01:03:02 AM
Elon has just warn people about the main and the most important thing in cryptocurrency world. In the first time bitcoin planned, it is build to urge people to be their own bank. If you saving money on crypto and still need a third party to make it safe, then it's not your own bank.


Title: Re: Elon talk about freewallet app
Post by: bL4nkcode on February 14, 2021, 02:50:00 PM
This is what Freewallet is exploiting, they know that newbies are easy to manipulate, and with their marketing, they can easily deceive newbies who are not doing enough research on what wallet to use and how to use it, the first assignment of newbies should be on how to educate themselves properly on the right use of a wallet.
As their website's domain has wallet google always takes this as a big factor when showing results on the search engine especially if the user is searching with crypto wallets.
Even there are a lot of negative reviews even on trustpilot or I say any review sites google still showing their site as relevant.


Title: Re: Elon talk about freewallet app
Post by: sheenshane on February 14, 2021, 11:46:56 PM
At this point, Elon Musk was aware of the service that has on the Freewallet app.  And that was right, their app really sucks, it might be considered as a trap for newbies who wants to hold Bitcoin but unfortunately, they are one of the next victims of the said app.  Just because they selectively scamming people if they saw to have a disadvantage regarding the KYC part.

At least Elon Musk contributed awareness to those newbies out there to avoid using this Freewallet app for storing Bitcoin.  How shame on them, I don't know why they are still running a business even though they know that they avoided for most who already know them.  That's the response of Elon Musk is a big slap for them.


Title: Re: Elon talk about freewallet app
Post by: capitan_rocotan on February 16, 2021, 03:11:11 PM
IMO, they've already got everything settled and done and Elon continues using Freewallet.


Title: Re: Elon talk about freewallet app
Post by: Freewallet on March 04, 2021, 12:15:48 PM
Hey!

We just wanted to add to the discussion.

His account was suspended due to suspicious activity. Many accounts are, as a matter of fact, and if followed by a support ticket - we resolve the issue within a day. We do it faster than banks do. Our security algorithms worked perfectly and instantly paused the suspicious activity. If somebody lost their funds because algorithms didn't work - that'd be a real problem. We are open to explain what happened, but we can't share any personal data for obvious reasons.
Thank you for your interest in the topic!


Title: Re: Elon talk about freewallet app
Post by: Yogee on March 04, 2021, 12:46:41 PM
IMO, they've already got everything settled and done and Elon continues using Freewallet.
IMO? Elon also said you shouldn't use a wallet that doesn't give you the private keys which this wallet does.

....His account was suspended due to suspicious activity. Many accounts are, as a matter of fact, and if followed by a support ticket - we resolve the issue within a day. We do it faster than banks do. Our security algorithms worked perfectly and instantly paused the suspicious activity.
Do it faster than banks do? WTF but there's no surprise there since you are also a custodial wallet. Who cares about your security algorithm when a true free wallet shouldn't be locking user funds out of mere suspicion in the first place.

Quote
If somebody lost their funds because algorithms didn't work - that'd be a real problem. We are open to explain what happened, but we can't share any personal data for obvious reasons.
What if somebody will lose their funds because they refuse to give you their personal information like what DireWolfM14 asked? Don't you find that problematic too? Answers please.


Title: Re: Elon talk about freewallet app
Post by: mk4 on March 05, 2021, 03:43:40 PM
IMO, they've already got everything settled and done and Elon continues using Freewallet.

Unless you can show us a source, we don't even know if he actually still uses it; all we know that the issue was fixed. It's probably a safe assumption that he immediately withdrew the coins after getting a feel of the shadiness of that wallet.


Title: Re: Elon talk about freewallet app
Post by: TryNinja on March 05, 2021, 07:46:47 PM
Unless you can show us a source, we don't even know if he actually still uses it; all we know that the issue was fixed. It's probably a safe assumption that he immediately withdrew the coins after getting a feel of the shadiness of that wallet.
I'm pretty sure he stopped using them already. Why wouldn't he when he called out the app, said it sucks and that you should own your private keys?

Your app sucks
Any crypto wallet that won’t give you your private keys should be avoided at all costs

Chances are that he setted up his own full node. 8)


Title: Re: Elon talk about freewallet app
Post by: imstillthebest on March 06, 2021, 01:33:28 PM
Hey!

We just wanted to add to the discussion.

His account was suspended due to suspicious activity. Many accounts are, as a matter of fact, and if followed by a support ticket - we resolve the issue within a day. We do it faster than banks do. Our security algorithms worked perfectly and instantly paused the suspicious activity. If somebody lost their funds because algorithms didn't work - that'd be a real problem. We are open to explain what happened, but we can't share any personal data for obvious reasons.
Thank you for your interest in the topic!
to whom your talking to elon? why will a rich and famous guy like him will do a suspicious activity .
 are he willing to risk his reputation for a crypto ? and why this issue happen to many more users  .
that means there is something wrong with your service  and last but not the least is his tweets are about private keys  not algorithms or any concerns but not all custodial wallet sucks and there must be a reason why they work like that but we arent force to use this type of wallet .