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Hacker superimposed on digital charts
Vault12 Blog

How to Protect Yourself From Impersonators on Telegram

As members of our Telegram community, you may encounter scammers impersonating admins and others— please read this article to understand how to avoid entanglements.

If you do not want to be taken advantage of by scammers, please remember:

  • None of the Vault12 team members will ever ask you for money or cryptocurrencies. You should NEVER transfer any to them. We will never ask for you to send your contributions to a wallet address that we provide on Telegram. All crypto transfers related to Vault12 are found in your Vault12 app.
  • If it seems too good to be true, it probably is.
  • Never give out your personal details, even email addresses on the Telegram chat. If an admin gets in touch with you via a private message, make sure their username (listed below) is correct before engaging in any discussion.

1. Check Your Telegram Privacy Settings

Telegram gives users a number of privacy settings to control information being accessed, e.g. your telephone number. Make sure you've reviewed the settings to hide information that doesn't belong in public.

Screenshot of Telegram settings

2. Identify admins

Check if they have "admin" titles beside their names on the Telegram channel member list.

To see the member list, just click on "members" or "info".

Screenshot showing admins on Telegram group

Look for the admin or owner tag

3. Check member @usernames to determine if you are talking to the right person.

You may get messages from scammers pretending to be team members with their exact same photo/avatar and a very similar username. Please report those accounts to TG so that they get banned.

Just click on the photo/avatar of the person you are talking to, to check their username and compare this with our list of admin usernames:

Official Vault12 team members:

Telegram admins






4. SIM Swapping - Another potential attack risk

SIM swapping

The other common attack is via a SIM swap, this is where your phone number is ported to another device, followed by account password resets — the recovery codes now being under the control of the criminal. To guard against this you need to implement 2FA with an app such as Authy, and to have your carrier explicitly forbidden to do number ports to new devices without verifying identity. Please see this article for more details:

5. Remember this

* Do not transfer your funds to addresses received in private messages
* Block and report any suspicious behavior and spam messages — this will help Telegram remove these impersonators.

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Recover, Back Up, and Inherit Digital Assets

(including Cryptocurrency Seeds, NFTs and Art)

Every digital asset you own should be backed up, protected and remain accessible. Cryptocurrency in particular is difficult to secure. With natural disasters, hackers, to badly implemented security, you are always at the mercy of others.

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Recover, Back Up, and Inherit Digital Assets

Introducing Digital Inheritance

Pass on your Digital Assets to future generations

Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure digital assets can be accessed by future generations. Digital Inheritance enables investors to designate an individual who will inherit their entire portfolio of digital assets stored in a secure Vault once the time comes, eliminating undue risk and the need to continually update an inventory or continually issue updated instructions.

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Personal Security for your Cryptocurrency and Digital Assets

Designed to be used alongside traditional hardware, software and online wallets, Vault12 helps cryptocurrency owners, ICO investors, professional cryptocurrency traders, and high net worth investors safeguard their digital assets without storing anything in the cloud or in fact any one single location. This increases the protection and decreases the risks of loss.

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Personal Security for your Cryptocurrency and Digital Assets

Easy to setup, easy to secure, easy to access.

A digital Vault containing your digital assets is assigned to trusted people or devices, known as Guardians. Your Guardians can be adjusted as needed in real-time so that the appropriate number are always guarding your digital assets. No one can access your assets and only you get access when you need.

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The Winklevosses came up with an elaborate system to store and secure their private keys. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have the entire key.

Nathaniel Popper, New York Times, December 19, 2017

20% of all Bitcoin is lost forever. That's $20B, in fact, in 2018 alone, $1.1B has been stolen.

Elliott Krause, The Wall Street Journal, July 5, 2018

The idea behind Vault12 is how do we essentially split that responsibility, make that problem of key control less a technological one by essentially making it into a social one with networks of people that they trust.

Terence Spies, former CTO, HP Enterprise, Data Security

Exchanges are the main target for hackers. Those are the biggest honeypots. So the number one rule in Crypto is, do not keep your money on an exchange, and if you're going to custody that money, you need to do it off of the exchange with a product like Vault12.

Joe DiPasquale, BitBull Capital

Security and usability are inextricably linked, the former cannot exist without the latter. Vault12 understands the need for end-to-end management of this experience as well as the importance of integrating into the prevailing crypto ecosystem

Sathvik Krishnamurthy, Founder and Managing Partner, Security Leadership Capital

As we move to a more open financial system driven by advanced blockchain technology and cryptocurrency, we need smarter ways to ensure that the system is trustworthy. Vault12 does this by addressing a foundational need -- ensuring that your crypto assets are not only protected by decentralized security, but also by your trusted inner circle. Your private key never exists in one place or with one entity, reducing risks from hackers as well as everyday accidents.

Vinny Lingham, Entrepreneur and Advisor

Security is the lifeblood of industry, commerce, and leisure. As more people use decentralized applications, they will need a way to back up their crypto wallets and exchange accounts. Vault12 provides a simple and natural way to reduce risks and combat the fear of forgetting seed phrases and private keys.

Jon Callaghan, co-founder of True Ventures

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The Vault12 app is now available from iOS and Android app stores.