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

[barbara44]

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.

Yes and I was searching about this and found out that OP is not the only one to face issues from this ICO as you can see people commenting in their thread like what's the use of such a token when you can't move it from your wallet. But that said, the token seems to be dead already as the last post in their thread was months ago and there seems no proper communication from Volentix team.

The funniest part I see is where the OP asked I want to withdraw my tokens and the support was like Why? Lol, it is my tokens I don't need to give you a reason for moving my tokens.

[Google+]

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.

Yes and I was searching about this and found out that OP is not the only one to face issues from this ICO as you can see people commenting in their thread like what's the use of such a token when you can't move it from your wallet. But that said, the token seems to be dead already as the last post in their thread was months ago and there seems no proper communication from Volentix team.

The funniest part I see is where the OP asked I want to withdraw my tokens and the support was like Why? Lol, it is my tokens I don't need to give you a reason for moving my tokens.

lol, maybe the OP hasn't had too much experience about the ICO world and maybe he got a token from the airdrop or bounty so he felt like pulling the token and started to hesitate because they asked for a private key from the holders, so when participating in whatever the project should be keep careful.

[thesmallgod]

Op you are a Senior colleague here. You must come across this kind of scam here on bitcointalk where people share their experience about being scammed. This is a kind of old method of gaining access to people's hard earn money. They do not need your private key to send token to you. That is the reason why we have a public address. You don't share your private key with the third party. It is not even safe to store your private keys on cloud storages, your pc and even in your mail, so obviously this is a scam.

[nreal]

I know this project, I think there is no problem with this project. All you have to do is hold the private key when initializing your wallet, that private key is the key to access your EOS wallet. Those who save a private key as a file will need to decrypt it as they instructed.

[letyouearn]

I would think twice before showing your private key to anyone or before entering it anywhere in any application or form. Never trust anyone who tells you he is fair and won't use this information.

[DabsPoorVersion]

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?  

No.

If they are asking with one of the most important information of your wallet, this is something that you should doubt.

UPDATE: THE project is VOLENTIX.

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?  

It is really shady, owners of this altcoin can't even freely withdraw their money and even asked a question of WHY,

This is a type of project that we should not involved in. It is clearly shown that this project do not let their community to freely move their fund.

[wozzek23]

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.

Here is their ANN thread: https://bitcointalk.org/index.php?topic=5184083.0

I wonder how they have not been painted yet after been so idiotic to ask private keys from people and the chat support says why when you ask them questions.

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.

Indeed and it feels so strange how exchanges have managed to list such tokens and I would really like to know more about this coin because I cannot find too much details about them yet .

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

Lol that could be the meme of the year .

[Magkirap]

I would think twice before showing your private key to anyone or before entering it anywhere in any application or form. Never trust anyone who tells you he is fair and won't use this information.

Don't think twice becaise you don't even need to show your private key to someone or something just to send some tokens, we have addresses made exactly just for that thing so it will be too obvious for us that this project right here is just one of hundreds of scam projects that lurks the internet. You can easily tell if something is off so be more vigilant for those projects.

[tvplus006]

...
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  .

In this case, you need to distinguish the official fork from the fraudulent one. To do this, read the official Twitter of the coin. And if nothing is said about the upcoming fork, it is better to stay away from such a fork and not enter your private key in the new wallet.

[Ashong Salonga]

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?

UPDATE: THE project is VOLENTIX.

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?  

Well asking the private key from the holders or users is already suspicious but upon seeing the image you have attached in the post makes it more suspicious when the admin in the telegram asked "why?" into a member who wanted to withdraw his assets which is supposedly his rights of will because he have worked hard for it. It must be a free decision of a member to withdraw his assets out of a certain project because it is already his own possession supposedly for the work done on promoting the project. Also, the wallet address is just the needed information from the user and not the private key because the word "private" will already be nonsense once you have shared it to other people other than yourself. If the project really insist this process, then you should be asking why and they must provide a clarified answer about that inquiry to be able for members to understand and not to cause confusion anymore.

[Kiefner]

This is a very obvious reason not to trust such a project. I believe that it will not exist for a long time, because only the wallet owners themselves and no one else should have access to private keys.

[Ailmand]

The project is giving you a pointer not to trust their team and the project as a whole. I have been into crypto and have been into different projects successful or not and none of the asked for investors or even bounty participants to provide their private key for distribution.

[kaneki007]

Obviously this is a scam, there are no legitimate projects asking users for their private keys, it's better to leave them and report on their telegram group. Scammers have many reasons to trick users into giving their private keys to them and I'm a little furious about projects like this. They destroy the reputation of crypto in the eyes of people who are new to crypto.

[Utoy101]

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?

UPDATE: THE project is VOLENTIX.

Honestly,  i never thought this sought of cheap scams still exists. Like did they possibly expect anyone to fall for it? except some newbies and gullible individuals. The particular project (volentix)  has been operational for quite some years now,  i don't just know why they are asking for private keys all of a sudden now.  One just have to be extra careful in this space, if not you might just wakeup to see your life savings gone

[Kupid002]

Obviously this is a scam, there are no legitimate projects asking users for their private keys, it's better to leave them and report on their telegram group. Scammers have many reasons to trick users into giving their private keys to them and I'm a little furious about projects like this. They destroy the reputation of crypto in the eyes of people who are new to crypto.

And there is no reasons for asking it other than you want steel the balance they have in thier wallet.


Only address and balance is needed in any project asking for privatekey is too much. I remmber airdrop that been doing this before now they upgrade thier self and make a website.

[Psalms23]

This is so obvious, why would you let anybody get hold of your keys of your wallets.  This is also a warning for newbies in cryptocurrency that even if you are are an honest man, you shouldn't immediately trust anyone especially if its about money.

[JeotQ]

Giving out your private key to either claim token or other is a scam, if you must then give out a empty wallet private key that you will never use to store fund again once it is all over, private keys are never meant to be shared

[Psynthax]

Giving out your private key to either claim token or other is a scam, if you must then give out a empty wallet private key that you will never use to store fund again once it is all over, private keys are never meant to be shared

We have a very good example about that, we have seen a project called ethereum dark or something else was asking for the privatekey to claim the fork coin. After a month and so many people have already reported if their tokens got stolen by the project who is asking the private key.

[Winscosinally]

If everyone knows how serious a private key is they will never have the nerves to use their wallet to claim free coins that worth almost nothing, and if any one asked for your keys you won't think twice before blocking such person

[Inkdatar]

If everyone knows how serious a private key is they will never have the nerves to use their wallet to claim free coins that worth almost nothing, and if any one asked for your keys you won't think twice before blocking such person

The main point is never trust your private keys to anyone or even someone close to you. Exactly we have the rights not to entertain that person asking such things. Let's be wise enough in order to protect our assets in the wallet.