The scam of the cryptocurrency wallet is "in the bureau"

In the film "The Indian Thug", the double-faced spy Firange, who is also evil, said, "If people live in the world, they must be prepared to be deceived."

For this, thousands of victims who have recently fallen into the TokenStore scam have a deep understanding.

As a member of the security company, the author almost participated in the sinister process of the chain. Looking at the screenshots of a pen transaction that they feedback, they can deeply feel their anger against the fraudsters, the desire for the legislative investigation of the relevant departments, and the urgent expectation of recovering the encrypted assets. At the moment, there are five flavors in my heart.

I really don't understand why the "financial wallet" is obviously suspected of funding, and the "poor" scam of MLM is able to induce thousands of people to be deceived. The amount is as high as hundreds of millions and billions.

Whether it’s a lot of silly money, or a swindler’s trick is too savvy. In this game of “in the middle of the game” for the benefit of the bureau, we should not only be a bystander who laughs at the “fool” , but should think Is:

1. How do these “adventurers” who seem to be uncomfortable with the status quo and can touch the unknown and venture to invest in cryptocurrencies are defeated by their “cognitive blind spots”?

2. These "conspirators" who are good at using the new concept and using the human weakness to make a Ponzi scheme, are they planning a scam?

Look through a lot of TokenStore promotional materials and find out after communicating with several victims.

The essence of the fund disk is the same, use your seemingly "understandable" way to fool people, and then use your "can't understand" way to continue to scrape the meat and delay you.

You think you understand, in fact, you don't understand at all, it is this "cognitive difference" that takes you step by step into the abyss. Or it can be called "IQ tax".

Let us take a look at how these fraudsters use "cognitive difference" to implement the scam.

First, the use of legal supervision is not clear

As early as 2013, the five ministries and commissions issued the "Notice on the Prevention of Bitcoin Risk", which clearly stated that bitcoin transactions as a kind of commodity trading on the Internet, the ordinary people have the freedom to participate at their own risk, however As a specific virtual commodity, Bitcoin does not have the legal status equivalent to currency.

This is also the most fundamental reason why fraudsters are entangled in the cryptocurrency market with the concept of blockchain technology. At present, the law does not have direct regulations on fraudulent use of cryptocurrencies. To be able to file a case can only be characterized by “financial fraud”, but it is not an easy task to refer to the evidence-for-chain information linked to the transaction of the chain. The police quickly filed a number of obstacles.

Therefore, the fraudster induces the victim to participate in the investment in the form of cryptocurrency. Since the virtual goods will not be quickly "investigated" for investigation, once they run in the future, there will be sufficient "running" and "money laundering" time.

Second, the initial success of the pseudo-crypto currency tutor

Most of the guides who are well-dressed and impassioned have a common trait. They claim to have participated in the investment of cryptocurrency in the early days. They have invested in Bitcoin, Ethereum, Ruibo, etc., and have realized the freedom of wealth. . Now I can pass a coin and a tender model. The villa is a leisurely life by the sea, but the "heart worry" is against the world. I want to give more people the experience of "success" and lead everyone to invest and get rich.

At a time when the Internet is so mature, many people in the real world are still firmly convinced that to get rich and get rich, they must acquire information asymmetry, and those who follow the mighty must be very good.

So they began to engage in a wide range of connections, especially those who made money in emerging fields, thinking that they were able to make money in an unknown area, entirely because of their advanced cognitive ability and savvy mind. As everyone knows, this kind of person will never tell you that they are actually betting on luck and having nothing to do with ability.

Moreover, those who invested in cryptocurrencies in the early days "made a lot of money", a small part of them drifted overseas because of the 1CO problem (not dare to come back), some of them are often active in the social media circle, it is said that they have made a lot of money, but big佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 佬 绝 绝 绝 绝 绝 绝 绝 绝 绝Perhaps he didn't make any money, so he had to pretend to be a "cloud travel priest" and watch your talented and savvy skeletons come to teach the experience "cheat money".

The assets in the blockchain world chain are open and transparent, and it is not difficult to prove whether a person owns a digital asset at an address. It is actually very easy to uncover the true face of such a full-mouth train. It depends on whether you want to. However, what is terrible is that these "masters" have only a little bit of blockchain industry knowledge that is likely to be sold now.

They are probably the ones who used to be P2P and even MLM. Some of the victims responded to the main head of the TokenStore , “Niu Niu”, which has a case on the Internet in China. This shows that it has previously participated in similar “financial fraud”. At a time when P2P is under strong supervision, these people have moved fraudulent means to the field of cryptocurrency. The same formula, the same taste , using the cognitive blind spots that people are eager for wealth but can't understand the blockchain, re-implement fraud. .

Third, the blockchain "arbitrage" is really not so profitable

We have all heard that the Korean cryptocurrency market had a "sweetener premium".

Early cryptocurrencies existed in different countries and between different exchanges. Due to information asymmetry, there is a large price difference. So some people started as porters and began to walk between the various exchanges to buy low and sell high to achieve arbitrage. In the early days of the cryptocurrency market, some people did make a lot of money by moving bricks.

However, with the advent of trading robots, the competition for moving bricks has become fiercer, and eventually the profits that can be obtained from such brick-and-mortar transactions have been diluted. The trading robot will capture the spreads between the various exchange platforms in the first time, and obtain the preferential packaging rights with relatively higher transaction costs to achieve arbitrage. There is no technical difficulty in this deployment process. It is not necessary to compile an AlphaGo intelligent brick arbitrage system to sneak out the layman. It is also too much to use the Google company to do the endorsement.

There is a data showing that 70% of the transactions in the currency circle are now completed by arbitrage robots, and under normal circumstances, their monthly income is less than 2%. The TokenStore wealth management wallet has a monthly interest rate of more than 10-20%, and if it is developed in line with its unlimited generation of interest-bearing models, one bitcoin can earn 10 bitcoins per month, which is obviously unreasonable and biased. There are too many normal industry standards.

It should be said that as long as there is some discretion, there is a little bit of data perception on the arbitrage status of the cryptocurrency market to realize the deceptiveness of the so-called arbitrage wallet, which can be said to be almost absurd. It may be that everyone knows that cryptocurrency investment can make a lot of money, but this is a long-term gain in the enjoyment of the overall industry market capitalization dividend. The short-term operation of AlphaGo is to achieve such a benefit. It can be said that it is a fantasy.

Fourth, some common technical cognition is poor

The blockchain industry was first initiated by some technical geeks. If the general people initially contact, there is a big technical threshold. Some people want to participate in cryptocurrency investment, and find that even a VPN download, a wallet registration can not be fixed, which also contains private keys, public keys, mnemonics, hashes, block height, and many other vague concepts, transfer There are also trade-related essays such as gas fees, miners' fees, and confirmation numbers.

In the wealth management wallet built by TokenStore, these technical concepts are used to beautify the packaging with the nouns of the Internet world. It seems that the bright and colorful is full of loopholes.

1) Blockchain is not so easy to do international Alipay: Fraudsters tell you that TokenStore should use blockchain technology to break the national bottleneck of Alipay and other platforms to become an "international payment treasure." It is clear here that the original goal of Bitcoin is to make peer-to-peer electronic cash, but due to its scalability, high concurrent processing power, and the natural deferred confirmation feature of Nakamoto's consensus, it is still difficult to popularize as a payment application in the short term. .

It should be known that this is how many technical geeks are still working hard in the past 10 years. Even so, there is no effective way to achieve large-scale expansion of the blockchain in the payment field. And how can a UI ugly and logo cottage software drive the blockchain to be popularized in the payment application scenario and become an international payment treasure? Have you considered the feeling of Ma Yun?

2) Wallet is not so easy to do cross-chain bottom layer: As we all know, imToken is the number one encryption asset wallet in the blockchain field, but there are not many types of cryptocurrencies supported by imToken. This is because the wallet as a light node needs to be connected with a chain with different architecture protocols to achieve seamless on-chain transactions and even cross-chain conversion transactions. To do this, there is a great challenge to the security of the wallet itself. The user experience wants to be smooth and convenient. A responsible wallet, wanting to completely accommodate the current mainstream currency, is very difficult in the strict sense.

However, this self-proclaimed imToken 2.0 wallet claims to support more than 10 mainstream currencies such as Bitcoin, Litecoin, Ethereum, Ruibo, USDT, etc. It is more powerful than imToken. And there is a technical flaw here. In theory, a currency will correspond to a private key. How can you control dozens of digital assets with a private key?

The blockchain world assesses whether a digital wallet is good or bad, not the amount of currency it supports, but the security of the user's assets. In the current technical environment, the more currencies supported, the worse the stability, and the less secure it is. Do you dare to use such a digital wallet?

3) The private key may be controlled in the “project party”: the fraudster will generate a private key for you, telling you that this is your unique personal asset management key, but the private key you have is likely to be "Fake", in most cases, the money you extract into your wallet goes directly to the address of the fraudster, and the number displayed in your wallet is probably just a fake number. It is equal to the fraudster controlling your private key. The key to your door is also next door to Pharaoh.

Do not believe, you can try to see your digital assets for a wallet through the private key can not be imported, in other wallets can not achieve the charge operation, if not, then there must be problems. Or your private key is true, but the digital assets on the private key have already been locked by the contract in some way. You don't actually have "absolute" control.

More generally, many people buy cryptocurrencies on the exchange, but the currency address may point to "the address of the fraudster", which means that you spend money to buy the currency and then charge it to someone else's account. You see that the assets are accumulating and accumulating, and the profits are bursting. It is very happy. In fact, the numbers you see are likely to be mixed with water. Even if it is true, these assets will one day be swept away by fraudsters.

In the blockchain world, the private key is the only certificate that confirms the ownership of the encrypted asset. Whoever controls the private key is equal to mastering the encrypted asset. Anyone who loses the private key has no way to help you retrieve the encrypted asset.

5. Deposits and withdrawals may not be truly "free"

In addition to the above cognitive biases in technology, most people are actually deceived because of the phrase “freedom of deposit” in the slogan. I believe that many people have observed it for a long time before deciding to enter. Some acquaintances show money-raising operations before you, and even show you the information about the receipt of the money. If you want to see it, then you will relax your vigilance, so you finally enter the game under the guidance of your friends, and after a period of exploration You do see that the balance on your account is growing every day, so you completely give up doubts about this model.

However, the freedom of deposit and withdrawal funds you see is probably also an illusion.

In the blockchain world, transactions are subject to a fee, but only a small amount of miners’ fees, and the miners’ fees will not increase according to the amount of withdrawals. This is in contrast to our traditionally recognized deposit and withdrawal fees. Very big. Users can voluntarily increase the fee and only increase the speed of the package to increase the success rate of the transfer transaction.

The TokenStore wallet stipulates a withdrawal fee of 5% within 30 days and a withdrawal fee of 1% after 30 days. This is not only inconsistent with the transaction logic of the blockchain, but also clearly means that the project party intends to reduce your frequent withdrawals.

In fact, the reason why fraudsters prevent you from making frequent withdrawals is an intrinsic (Pinus scam) operational logic:

1. Your entry bonus is to make profits for the previous generation and the upper and upper generations. They cannot make it easy for you to withdraw the money;

2. If you say that you have entered the market for a while, you have indeed earned a good income, and you have taken a few strokes normally. This is probably the bait that the project side subsidizes for you or the principal from your next level. This process Just to put a long line to catch big fish, let you completely relax your vigilance and invest more capital;

3. When you add a few times, you have the opportunity to raise the principal and use the profits you earn to continue to profit. But at this time most people's hearts began to swell, not only will not leave, and even will increase their choice of re-investment, and even borrow money to sell houses to participate in investment, the crisis is quietly coming at this time.

The above is the most basic operating principle of the fund's Punjab scam. Many people don't take it for granted. Even if it is a side swindle, if there is a follow-up, the scam will have a "healthy" capital and profit split mode, which will continue. Go on.

Indeed, historically, the Pond's scam can last for 10 years. Many people think that smart people can see the essence of the fund, but confidently think that they will never be the ones that are unlucky. Fortunately, you will be more forgotten, completely lose the ability to perceive risks, and even the project side suddenly maintains the official website. You still don't report the police in time. It is very likely that the disaster will come, you still don't know.

This is why it is obvious that the same type of wealth management wallet project is running, and others who are still playing the wealth management wallet are not aware of the risks, thinking that they must participate in the most formal, other scammer wallets can not follow their own projects. Comparable, is this really the case?

6. Can the money being defrauded be recovered?

This is the most concerned issue for every victim, and it is our most helpless thing to get involved as a security company. Because in the mobile world of the blockchain, it is not difficult to find the flow of assets, it is rare to "recover", which requires the mutual assistance of the police, the exchange and the ecological power of the blockchain ecology.

From the professional point of view of the security company, as long as the fraudulent wallet address can be mastered, the assets on the address can be locked, and the step-by-step flow can be monitored to lock the tracking freeze.

However, the blockchain world is open source, transparent and free. That is to say, the geeks in the original blockchain have a geek mentality that is not controlled by any third-party organization, including government units. Any disruption to the normal blockchain order is artificially imposed. The vandalism of the chain consensus.

Through various anti-money laundering investigation methods, the security company has all the assets of the suspicious address flow out. However, there are only super nodes under the exchange or POS consensus. However, in general, the exchange will not easily use the authority to implement the asset freeze, which will be opposed by some geeks and pose a greater threat to the exchange's brand.

At this stage, the exchange will generally follow the police's open book, and will block the relevant address. Originally, the police had to face layers of obstacles, and the time has lagged. Now the exchange has to wait for the police to intervene to cooperate with the freezing work. During this time slot period, hackers are likely to have cleaned up the money through various cumbersome divisions, aggregations, and mixing.

Moreover, this is only the case when the fraudsters actually take away the "full cryptocurrency". Everyone knows that in order to use funds efficiently, the "financial wallet" often does some financial operations, in the unlikely event that there is no bottom line leverage to make a run after the burst. I am afraid that the fraudsters have been arrested and there is no guarantee that the encrypted assets will be recovered in full.

There are other logics that are deceived, such as: Why do you make a profit but don’t leave early? Why is the re-investment quota once larger than once? Why can you get lost when you are deceived? These questions, you may also know why, are not rumored, or open Carnegie's "Human weakness" read it may understand. Human nature is sometimes more terrible than you think. You will always hide a person you don't know in your heart.

Originally, the author did not like to use the emphasis sentence of "you, you…" to write an article. It always feels like a pyramid master. However, in order to let more people recognize the essential difference between the so-called "financial wallet" and the blockchain, in order to let everyone more deeply understand the truth of the scam behind the wealth management wallet, let's just do it once.

May the world have no thieves, just an unrealistic fantasy.

May the general public use their cognitive arms to learn to judge and distinguish, and be ready to be deceived at all times.

Because you can deceive you in addition to the "thugs" in society, as well as your inner "devil."


There is no such thing as a tall concept, no unconventional technical explanations, only the most popular business, the most keen perspective, and the most unique insights. I am still a poor elementary school student in the blockchain industry. The article thinks and thinks about it. It is a broken thought. You are not smiling inside the circle. You are welcome to learn from it. Author's WeChat: tmel0211