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Sirinv3

🔍 Last analysed 3rd December 2021 . Not a wallet

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Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

⚠️ Warning: This product is associated with Co-CEO of Sirin Labs, Moshe Hogeg who has been subject to a number of lawsuits alleging fraud from the ICOs that he reportedly launched.

Some third-party blogs have pointed out that Sirin V3 is based off the Samsung S21 but with a heftier price tag, but no notable hardware differences save for some “enhanced military-grade security features” and “pre-installed apps”. It is based off the Samsung Knox mobile security platform.

Also in its retinue of features:

  • Restricts apps installation with white/black list apps policy.
  • Restrict voice recording to secured apps.
  • Disallow USB apps/data injection.
  • Disallow BT apps/data injection.
  • Disallow keyboard replacement.
  • Disallow Download-Mode on boot.
  • Disallow Developer options.
  • Disallow USB-Debugging.
  • Disallow Factory-Reset.
  • Disallow Safe-Mode.
  • Encrypted storage on boot.
  • Restricts Factory-Reset, Safe-Mode.
  • Controls all mobile capabilities.
  • Applies policy groups remotely.
  • Manages multiple devices instantly.

It’s also worth noting that Sirin Labs held an ICO for its FINNEY phone. It also has its own token (SRN).

The Co-CEO of Sirin Labs, Moshe Hogeg, has been subject to a number of lawsuits alleging fraud from the ICOs that he reportedly launched.

Is this phone a “blockchain phone” or a “hardware wallet”?

It is possible to whitelist any cryptocurrency wallet on the platform - including third party apps. However, the Sirin V3 does not contain any references to “blockchain”, “cryptocurrencies” or “bitcoin”.

We were not able to find any mention of this in their FAQ

This product does not have the inherent functions of a Bitcoin wallet, but Sirin Labs’ FINNEY No Source! does.

(ml, dg)

Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

No Wallet

Is it a wallet?

If the answer is "no", we mark it as "Not a wallet".

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.