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Author Topic: Gambling addiction touched forum users in a very sad way...  (Read 650 times)
PawGo (OP)
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January 13, 2023, 03:28:09 PM
Merited by Silberman (1)
 #1

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".
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January 13, 2023, 03:33:00 PM
 #2

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

I read the thread which the attached link direct me. I don’t see the part that the scammer reply or the proof that he use the money on his gambling activities. His account last active is last December.

Can you share the exact link for the post contains it? I created too a thread for this topic on our local board for warning but I’m not aware that the reason for this scam is about a gambling addiction. This sucks that he ruined his reputation that build for many years just because he need funds for his gambling addiction.

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PawGo (OP)
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January 13, 2023, 03:35:30 PM
 #3

I don’t see the part that the scammer reply or the proof that he use the money on his gambling activities. His account last active is last December.

Can you share the exact link for the post contains it? I created too a thread for this topic on our local board for warning but I’m not aware that the reason for this scam is about a gambling addiction. This sucks that he ruined his reputation that build for many years just because he need funds for his gambling addiction.

Here you are: https://bitcointalk.org/index.php?topic=5434506.msg61586158#msg61586158

There is also one more post, few pages later, when someone else writes about his talk with Yogg.
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January 13, 2023, 03:46:52 PM
 #4

In such a way there's no how you can sue the provider to law for such risk and loss they have put many through, but to be sincere gambling is all about risk but not in taking this kind of risk that is associated to handling our funds, isn't it better to always safe up such amount needed to gamble with alone than having the entire funds at stake, once it's not your keys then the coins are confidently not yours as well.

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January 13, 2023, 04:38:06 PM
 #5

I don't know this case, but maybe someone could make this clear, because I'm confused... You guys bought cold wallets from someone who made the keys for you, not thinking about whether he still holds the private keys for these wallets, then deposited bitcoin to these addresses and got them stolen?
It's like buying a used trezor or ledger and depositing to the existing addresses. Did the pandemic brainwash you or something?

This is not a gambling problem. This is a scammer exploiting an opportunity by simply picking up money some people sent his way!

Who wants to buy a wallet from me? I'll make you guys some nice addresses to use and they're going to be free! Any takers? Cheesy

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January 13, 2023, 05:03:12 PM
Merited by famososMuertos (1)
 #6

This is not a gambling problem. This is a scammer exploiting an opportunity by simply picking up money some people sent his way!

Who wants to buy a wallet from me? I'll make you guys some nice addresses to use and they're going to be free! Any takers? Cheesy

It's not really that simple. Me personally I am not a victim of this as I did not buy anything from him, but the whole market is really huge. I think everyone heard of Casascius coins (https://en.bitcoin.it/wiki/Casascius_physical_bitcoins) which value is now much much bigger than their denomination.
Aside of that, that small items are perfect gifts.

It is just a matter of trust. For years he was running a company which became quite famous and trusted, all was fine and just one day he ruined everything. I do not know which case is worst, the one where you plan everything and just have your 'poker face' because you know one day in the future you will steal everything, or if all runs fine and one day you feel you are in need and then you feel impulse to steal all the money from your customers.
And at the end, it seems like really a 'personal issue', because like someone counter what was stolen is even less that $50k, not like millions in serious scams.
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January 13, 2023, 05:17:07 PM
 #7

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".
This is sad. Gambling addiction will really bring someone at their worst and then no return with all the loss of others money and much worst, the crime that was done which is stealing.

Trust is still subjective and you just have to give it to the person that you really know even just online.

But at these moments, in terms of keeping money or buying stuff online that involves collections/collectibles that has got embedded with bitcoin is totally risky. It's worrying but I'm sure the circle in you guys (the remaining honest ones) got each others back.

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January 13, 2023, 05:36:15 PM
 #8

I don't know this case, but maybe someone could make this clear, because I'm confused... You guys bought cold wallets from someone who made the keys for you, not thinking about whether he still holds the private keys for these wallets, then deposited bitcoin to these addresses and got them stolen?
It's like buying a used trezor or ledger and depositing to the existing addresses. Did the pandemic brainwash you or something?

This is not a gambling problem. This is a scammer exploiting an opportunity by simply picking up money some people sent his way!

Who wants to buy a wallet from me? I'll make you guys some nice addresses to use and they're going to be free! Any takers? Cheesy

The person who created these collectibles was once a trusted member of this forum. He had a good reputation right before someone who owned his collectible noticed that his funds from those collectibles were swiped. As per the creator of this collectible, all of the files/keys from the collectibles he sells, he destroy immediately. But unfortunately, there is one collectible set to which he didn't delete all of the files which he then used to get money from and gamble it all away (as for owlcatz who came in contact with him).

I think this may not be a gambling discussion per se, but it's a textbook example of how gamblers can throw everything away just to get their fill of their gambling hunger. Mind you, his reputation is years in the making, but because of his gambling itch he just threw it all away.

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January 13, 2023, 05:53:55 PM
 #9

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

More than gambling addiction, it seems like a cold blooded scam! The seller intentionally did this with a plan it seems! Gambling addiction could be one of the reasons but this one doesn't look like one typical case. It looks like a well planned scam.

Now due to the nature of cryptocurrency, it will be extremely difficult to find that person who staged this entire incident. All the best!

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January 13, 2023, 06:16:22 PM
 #10

More than gambling addiction, it seems like a cold blooded scam! The seller intentionally did this with a plan it seems! Gambling addiction could be one of the reasons but this one doesn't look like one typical case. It looks like a well planned scam.

Now due to the nature of cryptocurrency, it will be extremely difficult to find that person who staged this entire incident. All the best!

I also think that it was a planned scam. He was supposed to destroy all private keys but somehow months after selling the wallets happened to find a bunch of them?
He intentionally kept them because "what if I need them one day, what if someone deposits a million dollars?" What's done is done, the guy is never coming back after this.
Personally, I'd never hold bitcoins on such a wallet. In my hands it would only have a decorative purpose. It's a collectible, not a normal wallet.

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January 13, 2023, 06:30:30 PM
 #11

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".
I am in the process of reading the whole thing but this is quite sad, I have never bought anything on the collectibles market but I take a look from time to time to see what it is being sold there, and I would say that many times I was tempted to buy something as some of the things that are being sold there look quite nice, however it is quite problematic that now Yogg has destroyed his reputation and his business forever in this forum due to their gambling addiction, but now everyone else will find it incredibly hard to sell their products as not only many people that were scammed in this way will abandon the market forever, but the few people that stay will be incredibly skeptical about any similar products in the future.
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January 13, 2023, 06:47:55 PM
 #12

More than gambling addiction, it seems like a cold blooded scam! The seller intentionally did this with a plan it seems! Gambling addiction could be one of the reasons but this one doesn't look like one typical case. It looks like a well planned scam.

Now due to the nature of cryptocurrency, it will be extremely difficult to find that person who staged this entire incident. All the best!
obviously it was planned because the card was created in 2020 and this case takes place this year, very clever and sneaky. it's a shame that he is a trusted person in this forum and only for thousands of dollars and for the sake of gambling he would risk his reputation. how sad to cheat for thousands of dollars instead of millions of dollars.
one case that can be used as a bad example for being too addicted to gambling and not worthy of emulation

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January 13, 2023, 06:52:52 PM
 #13

What a waste but as per owlcatz I think the chance is too slim for the investors to get there money. I hope yogg will face jail time, this isn't something of an ordinary, this was like a case of a hardcore addiction that lead him to do this. I don't know how Cold Keys work but I think I joined his raffle in the past, good thing I didn't won or else I may have used it too.
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January 13, 2023, 07:12:38 PM
 #14

obviously it was planned because the card was created in 2020 and this case takes place this year, very clever and sneaky. it's a shame that he is a trusted person in this forum and only for thousands of dollars and for the sake of gambling he would risk his reputation. how sad to cheat for thousands of dollars instead of millions of dollars.
one case that can be used as a bad example for being too addicted to gambling and not worthy of emulation
Somehow he has kept the phrase from the wallet on the card and is targeting theft in the long term once the card owner is not aware of it so no reason to trust every account on this forum even though he is reputable and trust, control your assets from what you have in your wallet . But if he is doing it under the influence of gambling addiction then it is regrettable that he has sacrificed the reputation and trustworthiness of his account without any consideration.

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January 13, 2023, 07:29:41 PM
 #15

I don’t see the part that the scammer reply or the proof that he use the money on his gambling activities. His account last active is last December.

Can you share the exact link for the post contains it? I created too a thread for this topic on our local board for warning but I’m not aware that the reason for this scam is about a gambling addiction. This sucks that he ruined his reputation that build for many years just because he need funds for his gambling addiction.

Here you are: https://bitcointalk.org/index.php?topic=5434506.msg61586158#msg61586158

There is also one more post, few pages later, when someone else writes about his talk with Yogg.

Ok thanks, I was trying to search in that thread and it seems it was buried. Oh wow, recently we have some issues regarding a hack by a campaign manager and now this one. The community is becoming a messed now. And sorry for those who lost their bitcoin in the scam that Yogg pulled, no one really expect it from him, until suddenly unknown to us, this trusted member is a gambling addicted behind. Yes, his reputation is ruined and the project itself which has been running for many years now.

As for the gambling addiction, it's really hard to help those people unless they are willing to help themselves. Even if we spot them, maybe it's too late. But if you know someone who are into it, better talk to them right now, sort of intervention.

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January 13, 2023, 07:42:36 PM
 #16

This is why I think gambling addiction is just as debilitating and threatening as other forms of gambling. The sheer desperation it could give you when you can no longer gamble and you know you're in deep trouble from all the crushing debts you incurred is just terrifying, not to empathize with the thief. I believe it really does paint the whole community behind this project in a bad light but I hope that somehow they clear their names and the perpetrators be given appropriate help and punishments. As much as I hate to be on the victims' shoes, I can't just disregard the fact that the guy needs help and he needs it quick. I even saw a post in the thread where someone who called him said he's sobbing and is in sheer disbelief he even did that. That's how you know he really has a problem and is doing this without thinking things through.

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January 13, 2023, 07:59:35 PM
 #17

Addiction is really very deadly not only on gambling addiction but also in other addiction as well specially if it touches monetary aspect on w here you could really be ending up on stealing someones funds if you dont have

the money to be spent to cater or to satisfy your addiction which leads you no choice but to get on whats not yours.This is really indeed a disaster specially into those honest cold wallet or wallet sellers which it would

really be tainted out due to this situation and people in the community would hardly be trusting up due into this incident.It is really that safe that he/she did really end up
on this decision which it really mess up everything.

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January 13, 2023, 08:07:51 PM
 #18

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

I found out about this news through a topic that was opened in the Portuguese language tab.
I'm sure that, unfortunately, many collectors who until then had their collectibles intact, even if they weren't affected by this theft, thought it was better to "tear" the seal and safeguard the Bitcoins even if it costs to damage the collectible item.

Indeed, a monstrous blow to the collectibles industry and yet another regrettable episode of what gambling addiction drives people to do.

Stay safe, your bitcoins are only yours when you are sure that only you know the seed or private key.

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January 13, 2023, 08:07:56 PM
 #19

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

It's quite unfortunate that people or projects you trust, would end up disappointing and scamming you. Gambling addiction is a very strong negative influence that it could make the sufferer irrational in thinking. They can gamble with people's funds without having any viable means or plans of recovering such losses. My heart goes to people that have lost their money in this project. The scammer said he is not going to return to the forum again. If he is still addicted to gambling, he might still create another account and dupe members of this forum again. He needs to see an addiction psychologist for treatment and he should seek for funds to refund all he has stolen from the people.

R


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January 13, 2023, 08:19:22 PM
 #20

For the ones who do not follow Collectibles forum (https://bitcointalk.org/index.php?topic=5434506.0):
Cold Key owner retrieved private keys of all the sold 'cold wallets' he produced and as he was in need because of gambling he stole all the funds.

Which (apart of obvious sad event for card buyers/owners) is a very problematic for the whole "collectibles" market, any coin/card producer now will be asked twice "how may I trust you?".

It's sad to see such a big name in the forum, who apparently created so many timeless and beautiful coin pieces, fall over in such a selfish way. Not only that, it creates ripples and damages the reputation of any future collectible creators because less people will be so trusting in future after such a widespread scandal. I think it's a bit lame to blame it on a gambling addiction, because there are some addicts out there who know their limits and do not stoop to the level of stealing to fund it. If you want to spend your own money on this, do as you please, but once you start stealing other peoples hard earned cash you have crossed the line into criminality and financial fraud which is far beyond normal behavior.

R


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