Concerns Grow Amongst Crypto Users Who Believe bitcoinpaperwallet.com Has Become Vulnerable

Multi-Million dollar worth of Bitcoins have been stolen and bitcoinpaperwallet.com has undeniably been compromised, says crypto users. Users have been growing concerns that they have lost their Bitcoin when they were using the facility of paper wallet developer.

Bitcoinpaperwallet.com website was developed by a man called Canton Becker a few years back which became an instant hit within no time. However, while the popularity of this website continued but in 2018 it was sold by Canton Becker. Resultantly, the whole management and administration of the website was changed accordingly.

Ironically, the change did not work well for the website and it soon started to be reviewed in negative sense. Even after lapse of three years, negative reviews as well as several complaints are emerging against the website. Recently in January, 2021, a user of website called Reddit started a topic in which the user asked for public opinions for the closure of bitcoinpaperwallet.com.

The Reddit user named u/heroiclife mentioned in his topic that he needed help to prove the bitcoinpaperwallet.com is a scam. The user claimed that he wasn’t the victim of fraud or scam committed by Bitcoinpaperwallet.com. Instead, he received several complaints against the website because he is involved in rendering services of recovery digital wallets.

Cypher Mind HQ

The user stated that he has several customers to whom he is rendering services. These customers reported to him that their Bitcoins were stolen in a scam from the website. They told him that their Bitcoins were stolen because they were using website’s popular public facility i.e. paper wallet developer.

It was claimed by Reddit user that using paper wallet developers in the year 2021 is not only absurd but also dumb. However, there are a large number of people who still rely on these outdated wallet generators, suggested u/heroiclife.

Through his topic, the user has also asked Bitcoiners to send him and Emon complaints of abuse and misuse. (Emon is an online registrar where the websites are registered and maintained). He further insisted upon people for lodging similar complaints with Linode i.e. hosting facilitator of Bitcoinpaperwallet.com with a copy to him.

Furthermore, he has urged users to flag bitcoinpaperwallet.com’s website as one of “malicious” by using “Google Safe Browsing” option.

The negativity of bitcoinpaperwallet.com is not only apparent at Reddit but also at Twitter as well. There are thousands of posts containing millions of responses which allege that the website has been manipulated and compromised.

In the past month, when Bitcoin was celebrating its 12th birthday, Dustin Dettmer stated that his friends lost all Bitcoins. He reported that his friend had kept all of his Bitcoins at bitcoinpaperwallet.com and a scam occurred to him. Dettmer then urged general public to initiate a campaign for shutting down bitcoinpaperwallet.com permanently for being a scam.

The website is still operational and carrying on its routine functions. Whether it would be shut down or not, is a matter of great concern for its users.

Author: Jerry Dedmon

Jerry Dedmon is a new writer on Cryptocoin Stock Exchange, his articles are cryptocurrency news, analysis and blockchain news based. We recommend tuning in for Jerry's daily posts as they are always a great and interesting read.

Leave a Reply

Your email address will not be published. Required fields are marked *