ASICVAULT: The Most Secure Cryptocurrency Hardware Wallet

[bitart]

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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.

what a shame...   But if fact i see no confirmations of his scam activily in the internet.  If it was, there would be stories about him, won't they?

People are starting to be more cautious as time goes by... I myself won't order anything that has not been manufactured already and if there's no feedback from real people...
There will be always people who care only the marketing bullshit and the nice (and fake) pictures about the item scammers wants to sell, and these kind of people will always fall for the scammers... But I hope as the time goes by, and people will gather experience in the crypto world, less and less people will fall for these kind of scams...
But you know, you can try to protect the people from scammers but you just can't protect people from themselves....

[Alois D]

their phone is off or autoresponder, their address indicated at heir webpage is not real, they do not respond e-mails.

Do you think they were scamming from the beginning, or they just were not able to keep with the pace of the product's development?

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.

what a shame...   But if fact i see no confirmations of his scam activily in the internet.  If it was, there would be stories about him, won't they?

re: cuteman
please, cut the crap! If we read your laudatory thread you started here 7 month ago and consider the situation now (not a single person has received the product, dead phone, non-responsive email, fake address) then there is a question: why do you protect Asicvault? Are you part of the scam?
And concerning the previous scams of Asicvault's CEO the updates will be coming soon

[cuteman]

re: cuteman
please, cut the crap! If we read your laudatory thread you started here 7 month ago and consider the situation now (not a single person has received the product, dead phone, non-responsive email, fake address) then there is a question: why do you protect Asicvault? Are you part of the scam?
And concerning the previous scams of Asicvault's CEO the updates will be coming soon

Hey, i have not any single connection with them.  And where did you see that i protected them??   I started the thread in January because I wanted to buy that appliance, and wanted confirmation from other people before buying.   I did not buy because I saw no reviews from people who bought.   And only in June somebody responded that thier office is closed.  


I don't mind if you share the stories about the Asicvault's CEO scams, I hate scammers.

I just said that I could not find such stories on the web, but if you know them - welcome to share!  

[Alois D]

Hi, here is an exposure of Asicvault and its scam schemes, it is pretty thorough analysis, explains the fraud from technical side as well as from management side. And new exposures are coming soon as more and more deceived customers and investors are coming forward: http://archive.is/4fDi1

[Alois D]

AsicVault makes news promises, the release date is now Q1 2019 . (They hope to succeed with ICO): https://www.reddit.com/r/CryptoCurrency/comments/9vtmf8/asicvault_sign_of_life_hw_wallet/  

    

[Alois D]

AsicVault makes news promises, the release date is now Q1 2019 . (They hope to succeed with ICO): https://www.reddit.com/r/CryptoCurrency/comments/9vtmf8/asicvault_sign_of_life_hw_wallet/  

    

a week ago first deceived customers reported to police on Asicvault as I see fro twitter:

https://twitter.com/TheCryptoShopCA/status/1060182059401072645

SoTj

Replying to @TheCryptoShopCA @AsicVault
Guys, please do yourself a favour. Send an email to ppa@politsei.ee or cybercrime@politsei.ee to report them. I have reported them and in the process of providing more info to the authority. PM me for more details. Maybe....maybe...we can bring them down.

[Ragik18]

 AsicVault rats on run:
From fake adress in Estonia (Tornimäe 5 , 10145 Tallinn) to fake address in Singapore (11 Qollyer Quay - 14-02 The Arcade); and since November 2018 to fake address in Great Britain:  Kemp House, 160 City Road, London, United Kingdom, EC1V 2NX. It is called now AsicVaultFuel Mining Ltd: https://beta.companieshouse.gov.uk/company/11657718/officers

[Alois D]

We have some new updates concerning Asicvault / Asicfuel scam started by Estonian well known swindler Hando Eilsen

the scam of https://asicvault.io/ is still operational


MATISS PAEGLE   -  person called Matiss Paegle  - https://www.baltcap.com/team/matiss-paegle/ -  is part of the scam, caution advised dealing with the person.

VIESTURS PLESS  / VIESTURS PLEŠS - be also careful with a Latvian citizen Viesturs Pless Plešs : https://www.facebook.com/viestursp - he has been one of the most active promoter of Asicvault / Asicfuel scam
Here is one example as he promotes never existent "first batch"

 https://twitter.com/viestursp/status/946323355820609536

but nobody has never seen any of these "sold 1500" items

 

[Alois D]

CAUTION! Well known scammer Hando Eilsen (Estonian citizen) and his crooked companion Andris Vaivods (Latvian citizen) have created  Asicvault Capital OÜ (  ASICVAULT CAPITAL OU) as a sequel to previous scams. Extreme caution advised! 

[HCP]

For more visibility... You might want to create a "Scam Accusations" thread (if you haven't already), with details of the original scam and all the other bits of info you have collected.

[Alois D]

For more visibility... You might want to create a "Scam Accusations" thread (if you haven't already), with details of the original scam and all the other bits of info you have collected.

Posted on Asicvault "team"  https://bitcointalk.org/index.php?topic=5186716.0 But some extra coming on its CEO, concerning his previous 5 scams 

[Alois D]

Update to AsicVault scam

Scum isn't dead , AsicVault CEO promises to Estonian business daily "mass production of AV wallets will start soon"

https://bitcointalk.org/index.php?topic=5186716.0

https://arileht.delfi.ee/news/uudised/eesti-firma-sattus-internetis-pettusesuudistuste-laviini-alla?id=88223975

[bitbro678]

There is a new very secure hardware wallet launching   -  surpassing Trezor and Leger, as producers claim.  They say it provides 1000 times(!) better security than any other hardware wallet/

For me it look very nice, especially in aluminium-titanium case, and I would like to buy it (though it is rather expensive - around 200 Euro) :




Short description from the website:        AsicVault is a next generation storage device specifically designed for cryptocurrencies. Developed by a company in Estonia, it provides the best security features. Aside from providing cutting edge cryptocurrency software wallet security, this device is fabricated to provide the best physical security as well.

AsicVault’s custom chip equipped with “crypto accelerators” provides 1000 times better security than any other hardware wallet. Its custom chip is composed of two physically isolated RISC-V processors. The device uses all round “anti-tampering technologies” to make it physically secure. This feature essentially makes this device more of a vault than a hardware wallet.

With no batteries, this device uses Supercapacitor technology for energy. Moreover, a number of embedded self-destruct modes enhance its security reliability. AsicVault also provides complete encryption for your computer hard drives. All the encryption algorithms are run on the device thus never exposing keys to your computers. The device controls can easily be accessed through a user friendly interface. A touch screen display on top of the device provides a smooth user experience.




Web-site:   https://asicvault.io/

Here is video from exhibition:  https://video.buffer.com/v/5a2576f7936392fc145eaaab

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For me is unclear why there is not really much information about this device in independent media.   If this device is 1000 times more secure than other devices, why media does not cover it?    There are some articles on the net which seems to be promoted, though.

Can it happen that producer will be able to maybe steal money from it, remotely ?  

What do you think about it?    

This one apparently is a scam! Sad because it looks so good. Please read this article that points out a lot of flaws in this hardware wallet: https://medium.com/@caffeine93/asicvault-asicfuel-ico-new-upgrade-to-an-old-scam-46e47478177b

[Alois D]

[/quote] This one apparently is a scam! Sad because it looks so good. Please read this article that points out a lot of flaws in this hardware wallet: http://archive.is/4fDi1
[/quote]


Yes, it is clear scam, even one Estonian newspaper wrote about this scam, ridiculed AsicVault and quoted the story you refer https://arileht.delfi.ee/news/uudised/eesti-firma-sattus-internetis-pettusesuudistuste-laviini-alla?id=88223975  . The best part of course is a satellite   .

By the way, all the previous scams of Asicvault CEO Hando Eilsen looked at least same good. Scam must look good, otherwise you wouldn't believe it, would you!?? Most sad that they seem to have found a new fool now who is willing to invest into that scam. Even don't know how to warn potential victim.

In their previous scam (internet casino software) they fooled at least 5-6 different investors over the period of several years. So this scam here is certainly not dead yet!      

[naska21]

Nice design and I'd love to have it in my hand ( providing it's not a fraud). However,  it seems that all data go through UCB-C connector while I would prefer to have QR-code interface  for data exchange between device and services that push signed transactions.

UPD: Fraud!

[Alois D]

Nice design and I'd love to have it in my hand ( providing it's not a fraud). However,  it seems that all data go through UCB-C connector while I would prefer to have QR-code interface  for data exchange between device and services that push signed transactions.

it is a fraud. they took money from many customers for their "1000 times better device" and then disappeared over a year ago. Technical side of the device as described by Asicvault is a pure nonsense and there isn't anything except for nice pictures. One of the AsicVault shareholders (Matiss Paegle) was an initiator of another major scam called WindhanEnergy. Another shareholder of AsicVault Hando Eilsen is well known in Latvia and Estonia with previous fraudulent schemes and has deceived many partners for over 20 years.
So there is a 1000 times better chance for you to win the Powerball jackpot than hold in your hand working AsicVault device.

[Alois D]

They only accept cryptocurrency payments for their orders, so it seems kind of shady to me. Why not accept regulated payment processors like Visa or PayPal as well? This could bring not only flexibility to some users, but also trust since they can have protection of funds in case things turn out not as expected.

Therefore, if this company is legit or not, I don't know. But seeing that they only accept crypto, makes me doubt if this hardware wallet would ever come into reality soon. Unless I see a real working and functional product reviewed by other people, I'll stay away from this as much as possible.

How prophetic words one and a half years ago...

[naska21]

Nice design and I'd love to have it in my hand ( providing it's not a fraud). However,  it seems that all data go through UCB-C connector while I would prefer to have QR-code interface  for data exchange between device and services that push signed transactions.

it is a fraud. they took money from many customers for their "1000 times better device" and then disappeared over a year ago. Technical side of the device as described by Asicvault is a pure nonsense and there isn't anything except for nice pictures. One of the AsicVault shareholders (Matiss Paegle) was an initiator of another major scam called WindhanEnergy. Another shareholder of AsicVault Hando Eilsen is well known in Latvia and Estonia with previous fraudulent schemes and has deceived many partners for over 20 years.
So there is a 1000 times better chance for you to win the Powerball jackpot than hold in your hand working AsicVault device.

Yeah, I got it after read all post above. Anyway I wouldn't order it as have ledger nano s that meets all my requirements and needs. One must only trust to proven manufactures of hardware wallets.

[Alois D]

update on fraudulent and malicious debts of Asicvault and its CEO:  https://bitcointalk.org/index.php?topic=5186716.msg53475533#msg53475533

[Alois D]

Asicvault website is down but a lot of information coming up on this scam, its background and its main perpetrator:  https://bitcointalk.org/index.php?topic=5186716.msg55988575#msg55988575