Project's website is asking private keys of the holders.

[fortunecrypto]

I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.

[Psalms23]

That would be impossible for me to give such. I dont know about the others but that would seem to obvious inclination to scam for me. So as long as I can, Id rather stay sway from such sites.

[ohyeahhaha122]

Asking for a private key to send a token to another wallet is unreasonable and adding instructions on how to get the private key from the application file proves to be a fraud project, keep your private key private. always safe, only a handful of large projects that require a private key for one to work necessarily need it, projects that require a private key that are not necessary are fraudulent.

[BlackFor3st]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

It is very obvious that it is 100% scam but you can also try it so you can check whether they will do it or not. The best thing that you should do is to create a new wallet then give the private key to them as they cannot get anything from it.

Don't be fooled to this kind of scheme as it is very obvious already and if you will fall to it. It only means that you are too noob to avoid this kind of scam attempt as only wallet address is needed to send any tokens/coins and not the private keys.

[doctor877]

I have never heard any real project asking for users to submit their wallet private keys. I have seen such for some phishing Airdrop and it's mainly scam for those that know. Projects don't need your private keys for any reason whatsoever. Asking for it is a negative sign. Run away.

[o.ogurlu]

I can never trust a project that wants to learn my private key and i stay away from that project. Private key is the biggest factor that ensures the security of the wallet. Therefore, sharing the private key with other people destroys the security of the wallet.

[gandame]

It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.

[mcnocon2]

That was obviously a red flag, don't give your private keys to any one no matter what. It is just like giving your ATM card and your ATM card password to a thief. Don't fall for this trick, if they didn't give you your tokens if you don't give your private keys then move on, that is a scam. The only projects that we can give our private keys is if we want to use their wallet but if you don't trust the project then don't use it.

[LogitechMouse]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

Can you give your money to somebody who you don't know?

In real life, we know that we don't do things like that and it goes the same with crypto too. Fair project?? Nahhh. Pure stupidity. Just the "Copy paste their private key" is already a sign that it is a scam project. They wont be looking to the private keys then why do they need to get it at first place. Stupid project, website and the persons behind it.

Popular quote when it comes to crypto is that "No matter what happens, don't ever ever share your private keys to anyone". You may think twice to this "Project" you are saying. You're probably wise enough to answer your own question . Its an obvious scam lols.

[zarintasnim]

Private keys is a personal for you and your money security. It has possibility to lose your all token. Its a not a smart choice to provide your private key project website. If you want keep safe your token don't provide your private key.

[jostorres]

I'll go for the title of your thread, you should not follow the instruction, your private key is for you and you alone if a project or a site is asking you to hand over your private key I will call it 100% scam or dubious project, and such a project should be named so people will be harmed and this project be tagged.

Because there would be really some people who might even send their private keys to such projects just to have benefits from the project but such kind of scammy intention projects might last no longer and at the end of their project life, they would simply withdraw all of your coins from the wallet you sent them the private keys. They might not even leave behind any of your existing tokens onto such wallets so never make the greed eat you and never go for any such kind of project.

Even if they ask you to encrypt your private keys never means that it would never be possible for them to decrypt it again because decryption is a bit easier than encryption.

[bittraffic]

It felt like I have to let everyone see it for yourselves. The project however is already listed in different exchanges such as STEX, p2pb2b and Newdex.  I'm a fan of EOS so I kept my time in newdex and finally wanna try this VTX token.  I tried their wallet named VERTO from the playstore and deposited some EOS there but when I tried sending these EOS out of their VERTO wallet, it asked me to decrypt my private key first.

This is how to do it https://www.youtube.com/watch?v=OSQsrdP3Gis

This video is guiding users to decrypto a key configuration from the wallet backup where private keys are stored.  What will happen is that I will have to decrypto this private key before I can send out my EOS.

[princerepon]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

Don't even think of that. I lost my entire fund because of that kinda fraught. I saved my asset around 5/7k $ from bounty since 2017 and last year around January i got into trap like this. The project i participated mailed me to doing some steps with fake ERC-20 website and foolish me done that for their token and rest of the story is they scammed me.

I strongly recommend you to stay away from those kinda project. Your small greediness can create a danger for your asset. Secure your privet key from anyone and don't take such a foolish step like i did.  

[Baby Dragon]

It is a scam, don't ever trust a project requesting their participants to provide their private keys. The only thing they need to get from you is your wallet address for your payment and nothing more. Remember, there is no legit project that requests for private keys, all of them are a scam.

Those kind of project are just trying to take advantage of the trust that was given to them so they can exploit your funds and assets. Always remember that scammers will always look for a chance to deceive you in order to get the benefits they wanted. They will try to convince you that they are trustworthy by giving you promises and once you click that bait you will surely end up just like any other people had experience. Its the specific reason why we should be more careful and aware that such incidents may happen to us because we don't know how scammers work, they usually find another way to trick you when their system got busted. Don't let your greediness control your way of thinking because it won't do good.

[abeecrypto]

There is no way. It is called a private key for a reason. Not private-public partnership key.
That project sounds scary already. I have never found any of such a project. But, if I do, I will slide it into the archive of ‘scam projects. No need to engage with such a project

[nutriagrigia]

I hear about this for the first time, but I believe that even the name of the key "PRIVATE" gives an understanding that no one should have access to it or see it. But if you are faced with such a project then this is very strange. If you have only these tokens on your wallet, you can enter the key and see what happens next. in any case, you simply have no choice

[moonblocks]

Your private keys protect your funds so it's never a good idea to share these with any parties you don't trust and definitely not with a project that asks you for them as this will likely result in you losing all the assets stored in your wallet

[SquallLeonhart]

If the project will ask its holders of the token to copy-paste their private key in order to send  tokens, would you look at this as a fair project that the team won't be looking into the private keys of its users?  They even have a video tutorial on how to decrypt private key from the config file of their wallet that was installed in the phone. I'm not sure if this is something I would trust when private keys are suppose to be just for private.

Ever seen such project before where before you can send a token to another wallet, you will have to fill your private key first?

I would personally never trust such kind of project. They might have no good intentions because none have the right to ask for your private keys. Your private keys are something which would be the whole and sole group of digits to access your wallet. Most of the investors store higher amount of funds in wallets like MEW, etc and sending project the private keys would enable the project to directly withdraw the funds without even knowing you.

You should never ever give your private keys to anyone no matter what the situation is. You can always create a new account on myetherwallet and copy paste those private keys if you really have a strong desire to participate in their token sale but it would never be something preferable.

[Avirunes]

I hear about this for the first time, but I believe that even the name of the key "PRIVATE" gives an understanding that no one should have access to it or see it. But if you are faced with such a project then this is very strange. If you have only these tokens on your wallet, you can enter the key and see what happens next. in any case, you simply have no choice

It's not new. There are lot of threads in scam accusations reporting such projects but I guess maybe you are not that active.

There is nothing to try out with putting the private key. It's a no brainer that they will wipe out whole wallet if someone gives them the private key as long as it has some value in it.

[bittraffic]

It became worse when I just saw this today



After someone says he wants to take out the VTX out in the verto wallet the ADMIN asked WHY?   

its the worse scam of all. If you are holding such coin in your verto wallet you have no choice but to giveaway your private key to them.  The token is listed in p2pb2b, newdex but you can't trade it there because the team doesn't want you to.