Bountyhunters.io probably will scam their members. Watch out!!!

[LoyceV]

If you know any solution to work with Ethereum or other blockchain without keys - share it with the community, please, everyone would be grateful.

You could of course do what all crypto users have been doing for almost 10 years: make a transaction sending funds to an address. Asking for private keys is a big no go.

We still are not sure it would help us avoid any accusations, as the word "private key" affects the community like red rag to a bull. It will take some time for people to understand the new system and its benefits.

Spoken like a true selective/exit scammer! It's very common for scammers to try to convince naive people so they can continue their scam.
How about you (bountyhunters.io, nobody else!) publish all your private keys here? Let's see what you think of the benefits when your own funds are at risk.

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[wwzsocki]

As for today, nothing changed. Bountyhunters.io still ask for Keystore file when one will claim bounty tokens.

There was an announcement from the team that they will provide an alternative way to withdraw this tokens but as for now, nothing happened.

I keep asking myself how many people filled their private keys, mnemonics, keystore files already and when this all wallets will be hacked?

[bountyhunters.io]

As for today, nothing changed. Bountyhunters.io still ask for Keystore file when one will claim bounty tokens.

There was an announcement from the team that they will provide an alternative way to withdraw this tokens but as for now, nothing happened.

I keep asking myself how many people filled their private keys, mnemonics, keystore files already and when this all wallets will be hacked?

As you can see, we actually don’t ask anyone to provide key from their main wallets (and we've placed a warning against it in our dashboard). You always can create new keys exactly to work with Bounty Hunters and provide ones, if you don’t trust our wallet implementation.

BTW next week we will add MetaMask support for those who not enough familiar how to deal with crypto and keys.

As an evidence that we don't hide ourselves (unlike scammers do), we've made a short video explanation with our CEO, Mikhail Savchenko: https://www.youtube.com/watch?v=5ffX7tmW2vA&feature=youtu.be (Linkedin profile: https://www.linkedin.com/in/mikhail-savchenko-78291916/).

[taguig]

As for today, nothing changed. Bountyhunters.io still ask for Keystore file when one will claim bounty tokens.

There was an announcement from the team that they will provide an alternative way to withdraw this tokens but as for now, nothing happened.

I keep asking myself how many people filled their private keys, mnemonics, keystore files already and when this all wallets will be hacked?

As you can see, we actually don’t ask anyone to provide key from their main wallets (and we've placed a warning against it in our dashboard). You always can create new keys exactly to work with Bounty Hunters and provide ones, if you don’t trust our wallet implementation.

BTW next week we will add MetaMask support for those who not enough familiar how to deal with crypto and keys.

As an evidence that we don't hide ourselves (unlike scammers do), we've made a short video explanation with our CEO, Mikhail Savchenko: https://www.youtube.com/watch?v=5ffX7tmW2vA&feature=youtu.be (Linkedin profile: https://www.linkedin.com/in/mikhail-savchenko-78291916/).

Good explanation I hope everything will be ok now and we can get back where we left off, bountyhunters is implementing something we have not seen before, maybe bounty platform will follow this method because has a good reason why they shift to that.

[marlboroza]

This shouldn't be different than putting private keys in decentralized exchange, if I am not wrong. So either use throwaway address or don't use platform at all.

Just keep this in mind, accusing bountyhunters.io of scam is accusing many projects and startups of being scam, as some of them share the same developers, team members, advisors...
@bountyhunters do you escrow bounty rewards?

[Saisher]

This shouldn't be different than putting private keys in decentralized exchange, if I am not wrong. So either use throwaway address or don't use platform at all.

Just keep this in mind, accusing bountyhunters.io of scam is accusing many projects and startups of being scam, as some of them share the same developers, team members, advisors...
@bountyhunters do you escrow bounty rewards?

I prefer using a throwaway wallet or a new one until some guy will post that they are indeed stealing people's coins, it is not ok to give your private key, but there is a way to do it while withdrawing your coins, then let's check these options and wait for the updates from other bounty hunters.

[bountyhunters.io]

This shouldn't be different than putting private keys in decentralized exchange, if I am not wrong. So either use throwaway address or don't use platform at all.

Just keep this in mind, accusing bountyhunters.io of scam is accusing many projects and startups of being scam, as some of them share the same developers, team members, advisors...
@bountyhunters do you escrow bounty rewards?

We currently have an option to escrow bounty rewards, but it's up to bounty hosts to use it (as not every project have the token launched on pre-ICO marketing stage). Anyway, escrow option is preferable for bounty hosts, as they attract more professional bounty hunters.

We are planning to move 100%-escrowed system in the future, as well as to add more functional allowing to set larger variety of marketing tasks.

Note, that we personnaly communicate with each bounty host and we provide overall audit of each project, minimizing risks of no-payments.

[cokroalif]

I use the bountyhunter.io platform and haven't found such a symptom, if I've proven it myself, maybe I will stop to take part in the project at bountyhunter.io

I will be more vigilant about the Bounty platform, if there is fraud and fraud that you have felt

[kenzawak]

Have you seen their lastest article??

https://bountyhunters.io/blog/26


Here is just one piece I took out just to show you how ridiculous these people are.

As mentioned above, we previously required the user's wallet address to facilitate distribution. However, with the implementation of our Merke Airdrop, the process has changed: All users should sign each transaction themselves. There are three ways of doing this:

User transfers their wallet to our system:

By importing their private key;

By importing a mnemonic seed

By importing their wallet file + passphrase

User creates a new wallet on the base of our platform. New wallet is to be imported into the system automatically.

User doesn’t store any data on our platform, but instead signs a transaction by entering their data at the point of each transfer.

"You can create a new wallet when attempting to claim your tokens. We automatically update the whitelist every 24 hours. After the update, you will have the option to send your tokens into the newly created wallet".

Fuck that !That's way too shady.
We provide you with an eth address, you send the tokens you owe us... end of story.
We shouldn't have to create, import any wallet or whatever.
I tagged you too.

EDIT : I also posted a thread about all this in the French sub-forum, to warn the members there.

[cornl]

Big LOL - Bountyhunters.io requires private key / mnemonic phrase / Keystore file to withdraw?!?! SCAM!!! Each of this should remain equally private and known only to the wallet owner! Do not let yourself be scammed by some crooks!

To @bountyhunters.io - If you pay for bounty in dollars, would you need my Credit Card number, name, "valid to" date an CVV/CVC numbers in order to PAY me money? FU, scam somewhere else.

[bountyhunters.io]

Have you seen their lastest article??

https://bountyhunters.io/blog/26


Here is just one piece I took out just to show you how ridiculous these people are.

As mentioned above, we previously required the user's wallet address to facilitate distribution. However, with the implementation of our Merke Airdrop, the process has changed: All users should sign each transaction themselves. There are three ways of doing this:

User transfers their wallet to our system:

By importing their private key;

By importing a mnemonic seed

By importing their wallet file + passphrase

User creates a new wallet on the base of our platform. New wallet is to be imported into the system automatically.

User doesn’t store any data on our platform, but instead signs a transaction by entering their data at the point of each transfer.

"You can create a new wallet when attempting to claim your tokens. We automatically update the whitelist every 24 hours. After the update, you will have the option to send your tokens into the newly created wallet".

Fuck that !That's way too shady.
We provide you with an eth address, you send the tokens you owe us... end of story.
We shouldn't have to create, import any wallet or whatever.
I tagged you too.

EDIT : I also posted a thread about all this in the French sub-forum, to warn the members there.

ONCE AGAIN (for those who read only what they wish to read):
From November 2018 BountyHunters is an Ethereum dapp. Unlike other bounty platforms.  If you know any solution to work with Ethereum or other blockchain without keys - share it with the community, please, everyone would be grateful.

Yes, in a classical airdrop model all the transaction are being carried by the sender. And the more massive the airdrop is - the larger are risks, that the token will be perceived by the system as spam. We have already described, why we are going away from it, in our article: https://bountyhunters.io/blog/26

Then you have an option to claim you tokens to you wallet, the same way like you have withdraw option on exchange, when you are making withdrawn on exchange you pay withdrawn fee, when you are making claim here you are sending a transaction and paying the transfer tx fee, to send a transaction you need a wallet, you are creating a new one, or providing you current keystore data to use it to sign the transaction. All operations take place on a client side (same way like MyEtherwallet does for example). We never transfer your keystore data anywhere, you can easily check this using network scanner.

Next version we will support Trezor/Ledger wallets to sign the claim TXs and MetaMask. We are working hard to make user experience as mach flexible and secure as possible.

He we are explaining why did we move to the new system in details:
https://bountyhunters.io/blog/26

As an evidence that we don't hide ourselves (unlike scammers do), we've made a short video explanation with our CEO, Mikhail Savchenko: https://www.youtube.com/watch?v=5ffX7tmW2vA&feature=youtu.be (Linkedin profile: https://www.linkedin.com/in/mikhail-savchenko-78291916/).

[bountyhunters.io]

As for today, nothing changed. Bountyhunters.io still ask for Keystore file when one will claim bounty tokens.

There was an announcement from the team that they will provide an alternative way to withdraw this tokens but as for now, nothing happened.

I keep asking myself how many people filled their private keys, mnemonics, keystore files already and when this all wallets will be hacked?

Do you seriously think, that hacking of wallets of hunters (who are not investors or traders, and usually don't posses thousands of dollars in their wallets) could bring us more funds, than honest work? That we've been developing the platform for more than 1 year only for to scam our users? It's a little bit complicated way to steal several thousands dollars...

[coin-investor]

To bad that Bountyhunters has been put to a bad light because of this, it's because people are not used to asking for their private key, we have seen thousands of warnings where people should be alarmed if someone or a website is asking for your private key and this is what happens to bountyhunters, I hope they can pass this test, they spend a lot to build their reputation.

[bountyhunters.io]

Update:
We have implemented an option to sign transactions with a help of MetaMask wallet, providing a secure, neutral, third-party place for our users to sign their transactions. MetaMask keys are stored on the user’s own browser, not on any remote servers. This gives the user more control over their public and private keys.

Learn more about MetaMask: https://kb.myetherwallet.com/migration/moving-from-private-key-to-metamask.html

To bad that Bountyhunters has been put to a bad light because of this, it's because people are not used to asking for their private key, we have seen thousands of warnings where people should be alarmed if someone or a website is asking for your private key and this is what happens to bountyhunters, I hope they can pass this test, they spend a lot to build their reputation.

Thanks for your understanding of the situation! We have a lot of plans for the future, so the test is 100% to be passed.

[kenzawak]

Yes, in a classical airdrop model all the transaction are being carried by the sender. And the more massive the airdrop is - the larger are risks, that the token will be perceived by the system as spam. We have already described, why we are going away from it, in our article: https://bountyhunters.io/blog/26

That's bullshit. Perceived as spam by the system ? Is that a new thing ? Did you just come up with it ?
You send the tokens via the ETH blockchain... we receive them...that's it.
Any other system is either at the disadvantage of the user or just pure scam.

Either change your ways and go with a regular system or see your business tank.

I'm sick'n tired of all those bounty scams.

[bountyhunters.io]

Yes, in a classical airdrop model all the transaction are being carried by the sender. And the more massive the airdrop is - the larger are risks, that the token will be perceived by the system as spam. We have already described, why we are going away from it, in our article: https://bountyhunters.io/blog/26

That's bullshit. Perceived as spam by the system ? Is that a new thing ? Did you just come up with it ?
You send the tokens via the ETH blockchain... we receive them...that's it.
Any other system is either at the disadvantage of the user or just pure scam.

Either change your ways and go with a regular system or see your business tank.

I'm sick'n tired of all those bounty scams.

Well, we are never tired to explain «why»

From this sources your can learn why the traditional airdrop is doomed to become an anachronism soon (and this is not some kind of our fantasy, as you presumed):

1.Merkle Airdrop: the Basics https://medium.com/smartz-blog/merkle-airdrop-the-basics-9a0857fcc930
«First things first: the term «traditional airdrops» refers to the widely used method of token distribution applied by the projects who try to promote themselves by intrusively sending out their tokens to thousands of addresses whose users are usually not even aware of the project’s existence. This method is considered as a spamming tactics: in most cases the amount of tokens sent to each address is so negligibly small that the users are not even capable of spending them since the commission rates applied by the exchanges are higher than the received sum. On top of it, users sometimes can’t even dispose of them — metaphorically these tokens can be compared to the throw outs off-loaded onto the community whose members are practically forced to store them on their wallets as a reminder of the project’s existence — till the end of time.»

2. Evolution of Airdrop: from Common Spam to the Merkle Tree
https://hackernoon.com/evolution-of-airdrop-from-common-spam-to-the-merkle-tree-30caa2344170
«This approach consists in simply iterating over a large list of addresses and sending tokens to each of them. In decentralised systems, this push strategy is usually far from the best; it is expensive, generates security vulnerabilities and is, in fact, just spam. The disadvantages can be described in slightly more detail as follows:
Fees depend on the number of addresses and can be prohibitively large. In addition, at the time of distribution, the fees may increase, because the cost of the transaction increases as the load on the network increases».

3. https://btcmanager.com/introducing-smartdrops-an-efficient-alternative-to-cryptocurrency-airdrops/ (this article introduces another Merkle-Tree based project)
«However, it has also been observed that users are merely accumulating digital tokens acquired in such airdrops and have little to no inclination to spend it. This has negative implications for the project as users are holding on to these tokens as an investment vehicle and also creating an artificial shortage in the open market.»
«It has been reported that around 80 percent of all users that sign up for receiving digital tokens are either a bot or spam accounts. Transferring a majority of these digital tokens to a few closed groups of users kills the primary aim of the airdrop. It is also tough for the team to measure returns from the airdrop or receive feedback about the platform or service.»

4.Merkle Air-Drops: Make Love, Not War

https://blog.ricmoo.com/merkle-air-drops-e6406945584d
So, I would like to suggest a friendlier way to scatter tokens with a wide distribution using redeem-based Merkle Air Drops.
-   Deploy of any number of tokens in a single, cheap fixed-cost transaction
   The receiver pays the gas*; which provides a bound on spam and dust as most people won’t pay a 12 cent transaction fee for 10 cents worth of tokens
   - All token holders have access to claim and use their tokens immediately and do not need to wait for seed transactions
   - Lost private keys and contracts without approve proxy methods do not waste blockchain state size with un-spendable balances or seeding transactions and do not waste ether
   - Tokens are often only needed on-chain in specific circumstances, such as transferring; hodlers can keep them off-chain (or at the very least move them on-chain during dips in gas prices)
 
5. "Is your airdrop a distribution of securities?»
https://www.parrbusinesslaw.com/is-your-airdrop-a-distribution-of-securities/
"We believe that Private ICOs that comply with Reg D on issuance but disregard the rules on secondary trading will be short-lived, as it is only a matter of time before SEC enforcement turns to this issue. The SEC is unlikely to see 50% compliance as a passing grade. Given the new environment, we think the approach of Private ICOs that rely on “lockup + airdrop” for distribution is too risky, and a more complete approach is needed.»

[wwzsocki]

I will close this thread today at the evening European time because Bountyhunters.io service provided finally a safe way to claim bounty tokens using Metamask wallet confirmation.

I hope that this all was only an incident and there will be no scammed people when some time will past.

If somebody wants to add something there are few hours left. Please comment if You wish.

[robelneo]

I will close this thread today at the evening European time because Bountyhunters.io service provided finally a safe way to claim bounty tokens using Metamask wallet confirmation.

I hope that this all was only an incident and there will be no scammed people when some time will past.

If somebody wants to add something there are few hours left. Please comment if You wish.

I'm also back to using their platform once again, they have fully satisfied to explain their point although this is something new to us, there is still an option to use a new wallet to claim your rewards, maybe one day all the other will follow, but we need to be careful on the reputation of the people who will do the same.