Titan Mint Coins- Serious Issue- Titan Mint Bitcoin Coins ***NEW UPDATES***

[ChiBitCTy]

When researching these kinds of things it takes hours and hours..so I say that a bit embarrassed that I missed this thread and others...  

It seems that Titan has had issues with their 2FA coins for many years.  This stems all the way back to 2015 (keep in mind he kept selling coins at least through 2017).

There's a multitude of threads out there..
https://benvanbitcoin.wordpress.com/2014/04/17/scam-titan-bitcoin/
https://bitcointalk.org/index.php?topic=5093544.0
https://bitcointalk.org/index.php?topic=5256904.0
https://bitcointalk.org/index.php?topic=5213663.0
https://bitcointalk.org/index.php?topic=5415095.0

This thread here exposes a lot of what's going on. This guy called out Tim and unfortunately got a lot of shit from the community for it. He's was labeled a scammer etc etc.   (shit happens, I'm not upset with them as things weren't really clear back then and Tim was constantly lying, how were they to know).  The amount of lies that Tim has made over the years to cover his tracks is very apparent here.  

https://bitcointalk.org/index.php?topic=1208618.0







So Tim/Titan has promised to always make customers whole in case of a loss of funds due to any system issues.  Also apparently the private keys are in a bank vault, so he should be able to make everyone whole. Tim hasn't logged in for months now.  I sure hope to see Tim make right on all this, but do any of you actually trust the funds on any of his coins now?


Edit: I also find it kind of odd he had employees in Russia. What was their role with Titan?? Also, he's encouraging you to file a police report..

[krogothmanhattan]

Great write and investigation TY!  We need more guys like you here! I do hope the rest of the community wakes up and does something about this.

 I thankGod I never bought any of these issue coins loaded!

[Todamont]

omg that guy still owes me a bitcoin. They jacked my reputation for complaining about being scammed by him, too. Maybe I really should file a police report, that's grand theft, these days...

[Steeley]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

[MoparMiningLLC]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

[Steeley]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Meaning you have 8 of these? : ) It's probably a hassle to initiate a small claim but it would put a legal fire under Titan's butt to get this settled. I would ask for the 110% he promises too.

[buckrogers]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Not PK though, lets put this into some context

The 2FA ones have issues not the PK ones.

[MoparMiningLLC]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Not PK though, lets put this into some context

The 2FA ones have issues not the PK ones.

agreed and this thread is about "Titan Issues"  or at least I see "Titan" and "Issue" in the subject field so for me that is simply any and all issue with Titan

[Steeley]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Not PK though, lets put this into some context

The 2FA ones have issues not the PK ones.

agreed and this thread is about "Titan Issues"  or at least I see "Titan" and "Issue" in the subject field so for me that is simply any and all issue with Titan

Are 2014 Titan Tenths with PKs? I thought they were also with 2FA. I have a 2017 with PK and feel ok with it, since I don't think there has been any report of Titan sweeping coins.

[buckrogers]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Not PK though, lets put this into some context

The 2FA ones have issues not the PK ones.

agreed and this thread is about "Titan Issues"  or at least I see "Titan" and "Issue" in the subject field so for me that is simply any and all issue with Titan

You are correct in your comment about the title of the thread and what you saw.... but you posted

I know where there are 8 titan tenths that cannot be redeemed

 then someone posted after that with a question about "your" 8 coins, so just to clarify about those 8 coins,  its easy enough to add the specifics is all

**editing my post to include a reply for @Steeley (and not intentionally double post)

Are 2014 Titan Tenths with PKs? I thought they were also with 2FA. I have a 2017 with PK and feel ok with it, since I don't think there has been any report of Titan sweeping coins.

I am not aware of any swept coins 2FA or PK from Titan, just the accessibility of the 2FA coins, I dont believe to date that anyone has had an issue with a PK coin not having the funds on them still, have they?

[MoparMiningLLC]

ahh I did not see the question - no, they are not my Titan tenths - all Titans in my possession have been peeled - two 1 BTC, one .5 BTC and one .1 BTC - they were PK coins and had zero issues.


the 8 that I know of are 2FA coins and have issues being redeemed.

[Hookzup1]

Someone with a 2014 Titan Tenth could file a lawsuit in small claim court (usually dealing with issues under $10,000). This would legally require Tim to figure his crap out and if he can resolve one then the assumption would be it would trickle over to benefiting all. Hopefully this is more a case of incompetence than fraud and the BTC still is safe on all coins.

I know where there are 8 titan tenths that cannot be redeemed...

Not PK though, lets put this into some context

The 2FA ones have issues not the PK ones.

agreed and this thread is about "Titan Issues"  or at least I see "Titan" and "Issue" in the subject field so for me that is simply any and all issue with Titan

You are correct in your comment about the title of the thread and what you saw.... but you posted

I know where there are 8 titan tenths that cannot be redeemed

 then someone posted after that with a question about "your" 8 coins, so just to clarify about those 8 coins,  its easy enough to add the specifics is all

**editing my post to include a reply for @Steeley (and not intentionally double post)

Are 2014 Titan Tenths with PKs? I thought they were also with 2FA. I have a 2017 with PK and feel ok with it, since I don't think there has been any report of Titan sweeping coins.

I am not aware of any swept coins 2FA or PK from Titan, just the accessibility of the 2FA coins, I dont believe to date that anyone has had an issue with a PK coin not having the funds on them still, have they?

0 issues I have ever heard of or found of the pk coins, but the site issue for redemption of the 2fa coins is getting ridiculous, I am willing to be part of a group to get a claim going against Tim  🤔

[Todamont]

From what I remember, when I tried to "redeem" my 2FA coin, I was surprised that it didn't have a private key inside and that I had to go to his site at all. Tim claimed that he had two different databases with one showing it as "unfunded" and one showing it as "already redeemed", because I actually had a screenshot of when I first cracked the coin and went to his website and it said like "unfunded token" or something like that. So it seemed to me he had internal database corruption about the status of his coins, where he had conflicting datasets, or that was the excuse he used to not pay out my 2FA coin, anyhow. Then he claimed that some one of his customers had done a mail scam on him and claimed this coin as "lost in the mail" but he claimed he sent them another coin which had been funded. Then other people claimed the coin could have been tampered. Maybe it's true that someone mail scammed him but at that point I figured he was running a scam and it was better to wait and let the police and/or courts investigate rather than take a quick payoff from a criminal and maybe be associated with his crimes at a later date.

The long and the short of it was that I did indeed lose 1BTC to this 2FA funny business, whatever happened. Also I realized that anyone who ever comes near a token could potentially become a suspect if the funds locked into the physical token, or ASSOCIATED with it, in this case, ever come into contention. So these tokens are actually sort of dangerous just to be near, like ever! Ten years later it could come into contention and then EVERYONE who has ever been near it would become suspect and it could potentially be a large number of people! So, in the end, I divested of all my "physical bitcoins" because I found the risk was just too high to deal with them, and I've already been stung this time.

I did a lot better with simple physical copper rounds from Mulligan mint. I'm selling them at around 100x to 200x times their original value now, and no worries about private keys or chains of custody.

[Steeley]

Small claims costs about $100 to file in most states. No lawyer needed. Usually has to be a grievance of $10,000 or less.

There are six basic steps to filing a small claims case:

Step 1: Identify the Correct Defendants
Step 2: Determine the Exact Amount of Your Claim
Step 3: Send a Demand Letter
Step 4: Decide Where to File Your Case
Step 5: Prepare Your Small Claims Affidavit of Complaint
Step 6: Prepare A Civil Cover Sheet
Step 7: File Your Complaint With the Court

[Todamont]

Good evening Mr Titan, I been trying to redeem my coins for several years ... not possible to redeem or to get any answer from your emails.
I have 15 titan 1BTC 2FA coins in hand that I bought from you.

Holy shit, Tim owes this guy around half a million dollars. No wonder he had a heart attack.

BTW I'm willing to take my 1 BTC now, Tim, if you are still willing to pay up to make me whole.

[owlcatz]

Here's my theory and I'm betting it's spot-on - These fuckin knobs lost and/or corrupted the fck out of their internal database(s) holding all (Or parts)? of the info necessary to redeem their own f'ckn coins, and now know they are fucked and are either paying some HUGE firm to even try to restore it or, (more likely) they've already tried and failed.

Having worked in data storage a large part of my life, I know that when you don't' get any answers to why your data is "lost" or "gone", well the simple answer is usually that really the data is gone/lost, and that's why you don't get any answers...  I've had to do it myself in fact on boss's orders until people just gave up, but it wasn't millions of dollars of BTC, it was fuckin' documents or bullshit lol ... 

[Steeley]

I agree with your theory Owlcats. This is why I suggest a small claim against them. They would have to admit it in court, which would then identify the problem and help people make plans for how to handle next steps.

[ChiBitCTy]

Here's my theory and I'm betting it's spot-on - These fuckin knobs lost and/or corrupted the fck out of their internal database(s) holding all (Or parts)? of the info necessary to redeem their own f'ckn coins, and now know they are fucked and are either paying some HUGE firm to even try to restore it or, (more likely) they've already tried and failed.

Having worked in data storage a large part of my life, I know that when you don't' get any answers to why your data is "lost" or "gone", well the simple answer is usually that really the data is gone/lost, and that's why you don't get any answers...  I've had to do it myself in fact on boss's orders until people just gave up, but it wasn't millions of dollars of BTC, it was fuckin' documents or bullshit lol ... 

That's my guess as well, however the post below is what gives me a bit of pause.  If he truly kept the private keys stored in a bank vault, then he should be able to access the funds to redeem them correct?  Is it possible he took those funds and spent them..can you even tell if these 2FA coins even have bitcoin stored on them?(I embarrassingly forget this answer).



Someone needs to take this scumbag to court already.  He has locked up millions of dollars.  There's multiple people who've got hundreds of thousands of dollars locked up.  What burns my ass even more is all the people whom own these but don't yet realize that they are non-redeemable. 

Tim..you're a scumbag, and I personally believe there's more to this than just you being a moron and losing access to your systems.

[krogoth]

  If there was a possibility of any database to be corrupted...why wouldn't a person make backups or even printed keys on water proof paper and place in a personal  vault in case an event of a lost or corrupt database ?

   I mean for my trezor.....I backup the seed on a metal plate...plus an identical duplicate Trezor in case one or the other fails. I don't see why they had no contingency plan for an event where the database was corrupted... especially for this amount of BTC and money involved......if that's what did happen.

[Todamont]

Here's my theory:

At some point in 2015, after his interaction with me, Tim realized he could simply deny redemption on any 2FA coin that had been resold, as the new owners would not have access to the original email/password associated with the coin, and may not even have known the coin was 2FA, like me. I would have essentially no recourse other than criminal/civil court action, and at that time 1BTC was only $400 so it wasn't worth really even worth going to court across state lines for a small claim... I suspect he spent the bitcoin that was behind the coin that I owned, if there ever was one, after he denied redemption to me.

For reference, the coin I hold still shows as "not yet funded":

https://www.titanbtc.com/verify/vFZKfWyJ/

Eventually he needed money to pay for medical or whatever, and he started cashing out and spending all the bitcoin associated with 2FA coins, and stopped doing 2FA coin redemptions. He was probably sitting on millions of dollars worth of btc for those 2FA coins that might never even be redeemed, and he figured he could run a fractional reserve, or he just got greedy and took it all. The temptation of sitting on millions of dollars of btc while he had personal bills that needed to be paid was probably just too much for him, I think. Maybe he had it in an exchange account and he was trading with it and finally the recent downturn in price busted his fractional reserve scam. It's hard to tell.

This is not a matter for small claims court, any longer. It might have been in 2015, but now Tim owes me personally around $30k. I mean he's avoiding a guy with 15 BTC locked up in 2FA coins, that's like $1M at the top of the last peak. I think it's only a matter of time until the police and/or the feds get involved now, this is turning into a large-scale scam, maybe one of the largest scams ever on this site, with many victims, me included.

Can Tim prove that all the 2FA coins are still "funded"? Can he prove the private key tokens are still funded? Shouldn't there be a list of all the public addresses so you can verify that info? Can he prove that the coin I hold was ever "funded/redeemed" as he claims, even though his website, still, in 2022, says it is "not yet funded"?

Honestly I hope this doesn't ruin Tim's life and he finds a way to make all the coin holders whole again, and I hope his health recovers too. Cheers all.