Warning ⚠️ ARGENT WALLET DOWN!!

[Troytech]

Are you using Argents wallet or do you know someone using them, tell them to remove funds from the wallet for now, the have stopped development. This could result in loss of funds or assets. If you are using it withdraw your funds immediately share the news.

[1714464991]

1714464991

[MusaMohamed]

What is the Argent wallet you are worrying about?

Is this https://twitter.com/argentHQ wallet?

I check their X account and latest posts, no announcement about any serious problems with their wallet.

Could you share source links that mention about any big problems of Argent wallet, please.

In your post, assume your information is correct, stop development of a wallet does not mean it is something big. At the moment, if they stop development their wallet, you don't lose your cryptocurrency there and you can move your crypto to other wallets.

Their FAQ shows that Argent wallet is non custodial.

[Despairo]

AFAICS, there's no announcement if their wallet is under development or stop to operate.

In your post, assume your information is correct, stop development of a wallet does not mean it is something big. At the moment, if they stop development their wallet, you don't lose your cryptocurrency there and you can move your crypto to other wallets.

Their FAQ shows that Argent wallet is non custodial.

Nope, non custodial they wrote in their sites is just a gimmick.

Read below, the conclusion is you're trusting your wallet with hardware wallet, device, other people and the site itself. They didn't give your seed phrase, so you can't recover your coins in other wallet.

Argent is the first non-custodial wallet with no seed phrase and no complexity. With your Argent Vault, enjoy peace of mind through locking and unlocking your account, auto blocking transactions, and setting trusted contacts. And your Argent zkSync account offers the best of Ethereum, at a fraction of the cost.

Argent is also unique for making decentralized apps like Uniswap, Aave, and Compound for L1 and Yearn, Lido, and ZigZag for L2 as accessible as Whatsapp.

No more writing down recovery phrases and passwords. Just ask your guardians for help. You need the majority of your guardians to approve a recovery.

What are guardians?

Guardians are people and devices you choose to help keep your wallet even more secure.

Guardians NEVER have access to your cryptocurrency.

You can ask them to help you:

    Lock your wallet
    Approve a wallet recovery
    Approve an untrusted transaction

Types of guardian

    A hardware wallet or other device (e.g. another phone) that you own yourself.
    A person you’ve selected because you trust them (e.g. a friend or family member).
    A third party service. An example is the default Argent guardian, which uses 2-factor authentication.

[Gio vanna]

I don't think most people here would be worried about that if what you saying is true.

Argent wallet actually for storing nft and cryptocurrencies (It only supports tokens built on the Ethereum blockchain,) so you can't store bitcoin and other top coins on it.
So alot of people here might not be making use of it. They mostly focus on holding bitcoin only.

But I still check their Twitter page if I will see anything related to what you talking about. But I didn't so where did you get the news from please?🙂

[hugeblack]

What are guardians?
Types of guardian

    A hardware wallet or other device (e.g. another phone) that you own yourself.
    A person you’ve selected because you trust them (e.g. a friend or family member).
    A third party service. An example is the default Argent guardian, which uses 2-factor authentication.

non-custodial wallet with no seed phrase and no complexity A multi-signature wallet and the recovery method is strange and involves an unknown third party. I think these are sufficient reasons to avoid using this wallet.
Default Argent guardian, which uses 2-factor authentication indicates that they may know the private key (either encrypted or text) and there is no way to access the wallet if ARGENT WALLET services suddenly stop.

[gunhell16]

Well, as far as I am concerned, this argent wallet has faced different issues, one of which was a bug that happened last year. The compatibility issue also has a problem here, because sometimes its wallet extension does not work properly.

When it comes to making a transaction, there is also a problem where its users are also pumped, and there are also glitches and compatibility issues, so it causes a lot of problems, so I advise not to use this wallet. Maybe your head will only hurt in the future.

[BitMaxz]

It seems that this wallet does not have a seed phrase function they said it's a non-custodial wallet and you have full control of it but the fact is their wallet does not produce a seed phrase.
Why do people trust this wallet?

For me, I can't trust this wallet all your funds are stuck there once the wallet server is down or closed, another thing is they are using .xyz domain which is a $1 domain most of the .xyz domains that I know are made only for scamming/Churn&Burn purposes. I also reviewed their site, and they never fix some pages with 404 errors it seems they don't care.

[Lucius]

One question for the OP and everyone else - why are you discussing an altcoin wallet in a Bitcoin discussion?

We're focused on Ethereum and Layer 2, and you can access over 240 different Ethereum-based tokens in your Argent Vault. This includes tokens such as ETH, DAI, USDC, BAT and Wrapped Bitcoin. For your zkSync account, there are fewer tokens to choose from, but more get added each week.