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Author Topic: Project's website is asking private keys of the holders.  (Read 581 times)
FanEagle
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February 14, 2020, 05:06:46 PM
 #41

I don’t know what project is this but that’s very bad. They shouldn’t be asking for your private keys when they are just a new project and no one even knows about them. Private keys are meant to be kept by the user, unless it’s a platform that doesn’t give its private keys to the user, because there are lots of platforms like that, online wallets to be precise. And even when I try to make use of such online wallets I only go for the ones that are trusted and already with a good reputation.

I have used a few of them like Xapo and Coinbase and they are well known and really good and can do such thing without being questioned. But for this new project you’re talking about, I wouldn’t suggest you take such a risk.

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February 14, 2020, 05:09:26 PM
 #42

Apparently, You just got caught by scammers.As far as I can remember, I didn't have to do it.Be vigilant.
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February 14, 2020, 05:24:46 PM
 #43

It’s obviously a scam, any project asking for private key is a scam and you don’t need to be told to stay away from such scam project.
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February 14, 2020, 08:13:04 PM
 #44

It is certainly scam and can't be argued. Like seriously, how can one release the keys that gives him control over assets to the team, it doesn't make sense and certainly spells doom for those who tries it. The blockchain space is know for using private keys etc as a means of security, even every wallet will state it clearly that users should save their keys and don't give it out; and here is a platform asking its users to give out theirs. I won't do it and instead look for a way to dump and move on because such platforms do not last.
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February 14, 2020, 08:39:01 PM
 #45

At first glance I would run... it never happened to me, having to share the private key for anything, including support... private keys are what keeps your money safe, if you share it, those recipients will be able to get custody over your money...
I would at least make a very deep check, but instinct says to run immediately

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February 14, 2020, 08:42:27 PM
 #46

Blockchain technology has made it so clear in such a way that if your private key, which is meant to be private is disclosed to someone else other than you, then you are prone to losing your form. Asking for users' private keys and not just their addresses, to me is bridge of trust. They should never be trusted and such project I will bluntly say is a scam project. there is no two way about it.
Close your account with them and move ahead.
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February 14, 2020, 09:04:34 PM
 #47

I fyou can reveal your password of your bank app to people then you can give them your private keys, private keys need to be more secure because you can decide later to change your password which you can't with private keys. I have never heard of the the project before but there is something fundamentally wrong somewhere

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February 14, 2020, 09:19:02 PM
 #48

I am guessing this is the new scamming method of stealing people's funds directly from their wallet.
They set up a SHITTY ICO and give out thousands of fake estimated tokens, which investors believe will worth much in the future. Only to steal something bigger from you. Tricks only new crypto investors will easily fall into.

I am long done with anything ICO till I see a renowned but this type of scam piss me off! Those who invest in it should start calling them out! People need to know what they doing.
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February 14, 2020, 09:28:56 PM
 #49

These are scammers, they are teaching people voluntarily to give them their private keys. Sorry for those newbies that are not aware of this trick they do, you need to hold your own private keys as if it's your own wealth and it doesn't belong to anyone nor give any clue or hint what your private keys are. Don't fall for this trick, if there's another project that does the same, avoid them quickly and ignore the procedure.

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February 14, 2020, 09:41:59 PM
 #50

A private key is something that only you should know. Otherwise, it doesn't make any sense. It will be bad to know that someone else has access to your wallet. This is wrong.
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February 14, 2020, 09:59:52 PM
 #51

The first rule here is never give out your private keys to anyone except yourself. Giving it out makes you lose money and control of the wallet be careful folks.
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February 14, 2020, 10:06:33 PM
 #52

I definitely want to leave such a project. The first time I saw such a request, it was very dangerous to send my wallet private key to others. I doubt the true purpose of this project. What I want to say is that for novices, we should stay away from such projects and avoid theft of wallets. See other comments in the forum, basically stay away from such projects. We should not focus on such projects.

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February 15, 2020, 10:34:23 AM
 #53

That's red flag, stay away at all cost from such project but if you really want to give a try maybe to claim another coin give out an empty wallet private key, you will need to move your coins to another wallet first but for me I'd rather quit such project

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February 15, 2020, 11:03:17 AM
 #54

Private key is the key that only you can save it and don't share it. That's why this is called Private Key.
If someone asked you about your private key is trully scam.
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February 15, 2020, 11:25:26 AM
 #55

I wouldn't trust any project that ask their investor to send their own private key to recieve the token or even made transactions.
It is our only way to protect our wallet so why should we let them have an access to our money?

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February 15, 2020, 11:45:06 AM
 #56

The token is listed in p2pb2b, newdex but you can't trade it there because the team doesn't want you to.
If everyone can't send the coins, then whose coins are traded on the exchange? Is that a developer's coin?

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February 15, 2020, 12:26:46 PM
 #57

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

This is a common practice when creating fake forks of famous coins. Although there is no requirement to pass a private key in the open. They are asked to enter a private key in the wallet they created. Therefore, we must remember that whoever owns the private key owns the cryptocurrency that is located there.

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February 15, 2020, 12:36:17 PM
 #58

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

This is a common practice when creating fake forks of famous coins. Although there is no requirement to pass a private key in the open. They are asked to enter a private key in the wallet they created. Therefore, we must remember that whoever owns the private key owns the cryptocurrency that is located there.

yes im familiar with this  . the one that you said fork and private keys but  this is the only way to get  a fork coin  . other than that , others that ask for private keys is shady  . dont trust them because your coins can get stolen  . entering a private key on a wallet is also normal because that is another way to acces your account but just make sure that the wallet is trusted .   i forgot there are also an airdrop that has a rule like this and others are asking for thier users to send some coins on the given address . those are odd  .
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February 15, 2020, 01:15:04 PM
 #59

If i face condition like that, maybe i will give empty wallet private key or maybe not give any of my private key. Well, but we must know and people should keep read this thread so they know if that is what scammers do. Actually our address is already enough to give to people in any condition.

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..TAKE PART..
rdewilde
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February 15, 2020, 01:38:51 PM
 #60

A project asking for private keys of holders have something up its sleeves which the most gullible users don't know. Those who have been in this space for long will know such a case scenario means letting of all authority over your assets that is to say you are getting scammed. While those who are new to such things will innocently release their keys thinking it's the right thing. Private keys is meant to be private there is nothing that can be said about it and anyone or project asking for such is likely to dupe or scam the person. Whatever control we have over our assets should never be surrounded to anyone.

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