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They convince (con) you into depositing some BTC because they tell you they need 10% of their investment liquid to show them that you are ready to meet their 10X investment. The second the thief convinces you to deposit some BTC at, they are already in your wallet, and wipe it out. The keys are in the lock the fox is in the henhouse. In the exact order they are provided, these twelve words are used to recover your keys to your wallet should you ever somehow misplace or lose them. And conveniently, provides (in your account) a set of 12 words like soap, candy, friend, car, etc.
#BLOCKCHAIN WALLET DOWN PC#
Now that malware is on your phone or PC or both, the thief can log in to your device and open your wallet at simultaneously to you without the need to use your username or password. Read their terms and conditions carefully! People used to leave their doors unlocked because it was a hassle to unlock the door until a thief stole everything you owned.
#BLOCKCHAIN WALLET DOWN FREE#
In reality, is fast, frictionless, and free because it substitutes convenience for security. They will tell you that you must use a wallet at because it is so popular and safe and because they too have their BTC at, and movement between two wallets at is fast, frictionless, and free. It isn't that set the trap or created the thief they have the platform where these (and other) scams work well because of their insecure, vulnerable site and wallet.Īt some point, the thief will ask you to open a wallet at. Unbeknownst to you, as soon as you click on that link, the trap has been set. When you take the call, they may send you a link to their website or something they think is of interest to you. It's important to remember that the thief may not mention upfront, but eventually, they will because it ONLY works on their site with their exploitable wallet system.Īfter a while, the thief will arrange a call with you on WhatsApp. Cash has tax implications and these “BTC millionaires” want to work “outside the mainstream.” They want you as "the fish" to essentially turn their BTC into a "legitimate" investment. Scammers will pitch that they are flush with BTC and need to diversify invest in liquid businesses, but they don't want to use cash. Because Bitcoins (BTC) are volatile, sexy, and mostly misunderstood, BTC is bait. Since the thief knows the fish is already hungry, they hang bait by sending a letter of intent to fish to finance their business. It's a site where entrepreneurs are raising capital for projects they are passionate about. The scam begins with thieves finding fish in fishing holes. I didn't write it, but anyone with decent programming skills can deploy it.
#BLOCKCHAIN WALLET DOWN CODE#
I will keep this explanation at 30K feet and not drill down into the code used for this particular scam, but if you want the code, email me, and I'll send it. If their wallet were secure, thieves would still find another way to steal your money, but why bother when it's so easy?” “The scam only works because there is a simple way for a thief to fish your money from a wallet.
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Specifically, in these times, there are many people desperate for money, especially entrepreneurs.