Of course it is good to punish these thieves but the problem is they won't stop of doing it so i think we should be the one to avoid them by being intelligent enough to not to be fall for these fake projects and to create a strong punishment like death penalty to the thieves.
It's easier to try to avoid not falling into the cheater's trap compared to your desire to create maximum punishment such as the death penalty for thieves. we know a lot of fake project projects popping up and not completing as promised, but the difficulty is usually these fraudsters are hard to track or if traced indeed from countries where the law for crypto is unclear. 
Topic: easy bite for scammers (Read 389 times)
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
We already have hundreds of that in the scam section and surprisingly many more coming in, scamming people, our only option is to stop investing in ICO, there's no guaranty in ICO anymore you'll have to wait 6 to one year to find out if the ICO that you've invested is really profitable in the market.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
We already have hundreds of that in the scam section and surprisingly many more coming in, scamming people, our only option is to stop investing in ICO, there's no guaranty in ICO anymore you'll have to wait 6 to one year to find out if the ICO that you've invested is really profitable in the market.
Of course it is good to punish these thieves but the problem is they won't stop of doing it so i think we should be the one to avoid them by being intelligent enough to not to be fall for these fake projects and to create a strong punishment like death penalty to the thieves.
it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
I think very few countries have outlawed crypto related ventures, so you don't expect those we have warned users not to enter into such enterprise to go after them scammers. Also, those who have not made any law about it would also be quiet. I'm also a survival of these scammers.
While most states will not register and verify the ICO team, as well as regulate the overall activities of the ICO, it will be very difficult to identify the identity of the ICO fraudsters and to effectively search and arrest them. In order to track and document criminal activity on the Internet in the whole world, coordination of the actions of law enforcement agencies within an international body such as Interpol is necessary. The efforts of individual states here will be ineffective.
You are right, states do not care though some do and only individuals like us are exerting effort in finding out the true identities of people behind projects we are interested in and even if we found out they are not real and are proven to be scammers, there is not much actions coming from the state to punish these perpetrators.
As much as we want to see them rot in jail there is too much people involve. Since they are internet scammers then chances are the victims are living on a different country where the scammers are making the legal jurisdiction a mess. I don't know how's the procedure on internet frauds but involving other jurisdictions with afew victims seems to be not so important to the. Especially when they are other more high cases to be prioritize. I would rather want to see us prepare more on prevention rather than focusing on catching them one by one.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
It's not about making legislation to prohibit these activities - these are already in place in most jurisdictions around the world. It's about the enforceability of such legislation and statutes.
The examples that you provide are pretty much all cons that pose as some sort of legitimate passive income scheme, which makes it difficult for regulatory bodies to clearly assess what their true intentions are, especially when they are paying at first. I certainly remember how many people were shilling for Trafficmonsoon, MAP, etc. back then.
Also, the fact that they operate internationally makes it even harder to track down, sometimes with the owner's location unknown. So even if there is some form of legal repercussion, it usually is delayed, and there is nothing we can do. All you can do is avoid them yourself by just using a bit of common sense.
...... I mean especially if Bitcoin keeps getting more popular and used for more things just like the Tor Network Browser is being under more scrutiny because of it hiding Illegal and Legal activities the same will happen with Bitcoin since more people are using and more Illegal activities are happening so it might spark a change.
Tor browser is not really popular and its usage is merely for hiding your identity and for diving the deepweb . Cyber criminals oftenly use this while other common people doesnt have an interest with it but with bitcoin and other cryptos , they are different because they are a currency and they arent meant for illegal use but its only up to the user if what use he prefer with his coins . Cryptos are not also totally anonymous so scammers will get easily caught up if they try to
As they say no risk then no reward or no pain no gain and with Anabolic Androgenic Steroid Use "Side-Effects are something you just have to deal with (intelligently) or not use them.) with Cryptocurrency.
I think my saaying for Cryptocurrency is if you don't like the Wild-Wild WEST! Than get the f off the Frontier BOY! LOL! You feel Me all or am I the only thinking that this is a very new type of Payment method still planting it's Seeds into the Wallets and Pockets of the GLOBAL ENTIRE world's community so just like any new thing such plastic or COMPUTERS which develop fast so why wouldn't the Software on Computer not grow even faster. It's inevitable something would happen I think we will start to see SCUMBAGS like this becoming arrested in the next half a decade maybe sooner who knows things move fast when it comes.
I mean especially if Bitcoin keeps getting more popular and used for more things just like the Tor Network Browser is being under more scrutiny because of it hiding Illegal and Legal activities the same will happen with Bitcoin since more people are using and more Illegal activities are happening so it might spark a change.
I think my saaying for Cryptocurrency is if you don't like the Wild-Wild WEST! Than get the f off the Frontier BOY! LOL! You feel Me all or am I the only thinking that this is a very new type of Payment method still planting it's Seeds into the Wallets and Pockets of the GLOBAL ENTIRE world's community so just like any new thing such plastic or COMPUTERS which develop fast so why wouldn't the Software on Computer not grow even faster. It's inevitable something would happen I think we will start to see SCUMBAGS like this becoming arrested in the next half a decade maybe sooner who knows things move fast when it comes.
I mean especially if Bitcoin keeps getting more popular and used for more things just like the Tor Network Browser is being under more scrutiny because of it hiding Illegal and Legal activities the same will happen with Bitcoin since more people are using and more Illegal activities are happening so it might spark a change.
Actually if you want to do it and there is an intention to take legal action, it can be done. but we know that there are still many countries that do not recognize crypto regulation in their country, so there will certainly be some difficulties in taking legal action for these scammers. maybe there are other ways that can make it easier wherever they are so they can be punished.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
I don't know why you put one of the options " be free to scam people" in your poll, of course, nobody wants people to scammers to scam people, this is not good and ruin the whole business, which is happening now, best thing to do right now just concentrates on coins that are already in the market and leave ICO to die on its own.
how many ICOs here at this forum turned out to be scams? more than you can imagine , it is not easy to catch the scammers and the best thing is just to avoid investing in any projects you have doubts about usually risky means borderline scam and if the offer/ico sounds too good to be true it usually is
Right now, people are not anymore expressing trust and confidence with projects under the ICO platform and that is why many are into STOs and of course the getting popular IEOs which can help minimize scams though still not a guarantee that they will not be. On our part, we should always due our due diligence. What the market really lacks is the presence of good rating agencies...most of what we have right now can be paid of what to publish.
While most states will not register and verify the ICO team, as well as regulate the overall activities of the ICO, it will be very difficult to identify the identity of the ICO fraudsters and to effectively search and arrest them. In order to track and document criminal activity on the Internet in the whole world, coordination of the actions of law enforcement agencies within an international body such as Interpol is necessary. The efforts of individual states here will be ineffective.
Scammers are ruining the crowdfunding in our community, this is the reason why there are so many legit not getting funded because investors are afraid that they will get scammed again, we need regulation and a governing body that will run after these scammers and make them pay for their activities.
Scammers can't bea easily nabbed because most of them use fake identification even though they are appearing on most of the ads they placed. If they are the real guys behind such services, they'd be easily arrested if a case was filed against them, but most of them are still freely roaming around and just waiting for the next opportunity to introduce yet another service and scam people. Regulations and laws are already becoming stricter, but without a governing body scrutinizing such services up to its core, I don't think scammers using these avenues would thin out.
Exactly. And aside from having untraceable identities, victims may learn lesson from they way they were scammed but then as these scammers succeed in fooling people they will be using another way or trick to get people’s trust again by offering another kind of services. I don’t think there could be better way to avoid being victims than making a personal, deep and thorough research about the whole thing they are offering before putting our hard-earned money into risk again. 
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
It is very difficult to establish and punish fraudsters if they committed these crimes using the Internet. They can be in any state of the world, and law enforcement agencies work very slowly if crimes are not committed on their territory. If there is no direct agreement between the two states on cooperation in this field and the extradition of criminals, then they act through diplomatic channels, and this slows down the whole process.The situation can change for the better only when most states legalize cryptocurrency and will regulate the activities of ICO at the place of their registration. Then it will be possible to actually identify all the members of the ICO team and further carry out their search.
how many ICOs here at this forum turned out to be scams?
more than you can imagine , it is not easy to catch the scammers and the best thing is just to avoid investing in any projects you have doubts about
usually risky means borderline scam and if the offer/ico sounds too good to be true it usually is
more than you can imagine , it is not easy to catch the scammers and the best thing is just to avoid investing in any projects you have doubts about
usually risky means borderline scam and if the offer/ico sounds too good to be true it usually is
Does it really help?
The link that you quoted there contains educational information on how to spot or prevent being scammed via cryptocurrency-related schemes such as ICO and something similar.
I think it's quite helpful as long as you can understand and practice it. Most of the content is very basic and should be able to help you distinguish between scammy ICO or not. But it won't help you if you want to look for how to sue or punish scammers in detail.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
We see a world full of secrecy in the cryptocurrency market but i see it differently. Even though we cannot see the user's personal info, we can track them using the third party exchanges or wallet he is using. Most exchanges requires KYC nowadays and this is what scammers afraid of their ability of hacking is the same as the government's ability of tracing them and if its proven then they will be punished as what has been said in the law.
Scammers are there to scratch our precious money, so you need to deal with them ideally.
Please refer this to deal the scammers and trash them out.
https://hackernoon.com/dealing-with-scammers-3201917e2ac3
Here is the SEC link to spotlight the scammers.
https://www.sec.gov/ICO
Please refer this to deal the scammers and trash them out.
https://hackernoon.com/dealing-with-scammers-3201917e2ac3
Here is the SEC link to spotlight the scammers.
https://www.sec.gov/ICO
Does it really help?
In the past, there was no concept of the nature of financial crimes related to cryptocurrencies, many countries have ignored the scam reports at the small, medium and codified level.
One of the most famous scammers is the legally managed trading platforms and suddenly cheated/banned its users.
Tracking scammers is not impossible and these are some efforts ---> Bitfinex Recovers Stolen BTC with US Government’s Help and Reimburses Clients.
Until now, scammers still cannot be overcome with a legal umbrella for their actions except only a few of them with the role of government participation both in a country and between countries given that cryptocurrency actors are spread in many countries One of the most famous scammers is the legally managed trading platforms and suddenly cheated/banned its users.
Tracking scammers is not impossible and these are some efforts ---> Bitfinex Recovers Stolen BTC with US Government’s Help and Reimburses Clients.
Scammers are there to scratch our precious money, so you need to deal with them ideally.
Please refer this to deal the scammers and trash them out.
https://hackernoon.com/dealing-with-scammers-3201917e2ac3
Here is the SEC link to spotlight the scammers.
https://www.sec.gov/ICO
Please refer this to deal the scammers and trash them out.
https://hackernoon.com/dealing-with-scammers-3201917e2ac3
Here is the SEC link to spotlight the scammers.
https://www.sec.gov/ICO
In the past, there was no concept of the nature of financial crimes related to cryptocurrencies, many countries have ignored the scam reports at the small, medium and codified level.
One of the most famous scammers is the legally managed trading platforms and suddenly cheated/banned its users.
Tracking scammers is not impossible and these are some efforts ---> Bitfinex Recovers Stolen BTC with US Government’s Help and Reimburses Clients.
One of the most famous scammers is the legally managed trading platforms and suddenly cheated/banned its users.
Tracking scammers is not impossible and these are some efforts ---> Bitfinex Recovers Stolen BTC with US Government’s Help and Reimburses Clients.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
There are many scam projects falling in the market. When you see such scam projects we just need to analyze deeply and ignore if you feel more suspicious.
This forum DTs are avaialbe for you to check and confirm what is best ICO projects.
Until you confirms that they verify the KYC details, please don't invest on that ICO.
These investment schemes in the internet at one point in time a victim will also invite other people just to earn a little more with their referral/commission system that is why even though they are victims they also have tricked people into joining the scam and possible the people they invited also have invited other people (the cycle just continues) that is why it's really hard to actually catch the culprit as we don't even apprehend people directly working for the scam just the victims tryings to recruit other possible victims.
As much as we want to punish this people we cannot even catch them as they barely leave any digital footprint behind, the only thing we can do now is for a lot of people be educated enough until scammers see that they can't victimize any more people in the net.
As much as we want to punish this people we cannot even catch them as they barely leave any digital footprint behind, the only thing we can do now is for a lot of people be educated enough until scammers see that they can't victimize any more people in the net.
Scammers can't bea easily nabbed because most of them use fake identification even though they are appearing on most of the ads they placed. If they are the real guys behind such services, they'd be easily arrested if a case was filed against them, but most of them are still freely roaming around and just waiting for the next opportunity to introduce yet another service and scam people. Regulations and laws are already becoming stricter, but without a governing body scrutinizing such services up to its core, I don't think scammers using these avenues would thin out.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
You wont still able to say that arresting these scammers is possible yet those social media profile being used are just dummy ones and no dumb scammer will publicly show his true identity online if the do plan on scamming on the very first place.Scam is everywhere even on and before crypto was created as long a place where do involves money there would always those criminal minds will think off some modus to gain easy money from people and crypto is a good place for them to focus due to anonymity.Scams do happen and will happen in any industry however with the cryptocurrency industry things are getting easier for talented and intelligent hackers because now they can target big and well-oiled platforms like exchanges. The recent hacks in Cryptopia and Binance showed that the prize to successfully enter them is astronomical. Imagine getting millions of dollars worth of coins and tokens while you are thousands of miles away and you are being supported by your government (North Korea style). And of course, there are small scammers on the pond those who are concentrating on doing business in the HYIPs especially victimizing newbies to online investing and those who are plainly greedy. Scams are here to stay and they can be evolving too to evade detection and to continue on attracting new victims. This is sad but true. Yet there is nothing we can do much but just being careful not be victimized with different schemes and systems to get our wallets out.
You wont still able to say that arresting these scammers is possible yet those social media profile being used are just dummy ones and no dumb scammer will publicly show his true identity online if the do plan on scamming on the very first place.
You are right and also, I think why some government won't make a move to go in for arresting like that could be that, they have not explicitly made crypto a legal business and so they might not give protection or remedy to people who are investing on it. More like to say that, they are venturing in it at their own risk.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
You wont still able to say that arresting these scammers is possible yet those social media profile being used are just dummy ones and no dumb scammer will publicly show his true identity online if the do plan on scamming on the very first place.Scam is everywhere even on and before crypto was created as long a place where do involves money there would always those criminal minds will think off some modus to gain easy money from people and crypto is a good place for them to focus due to anonymity. 
Well, I was also a victim of this scheme. In the year 2018, I was thinking that that specific year is the best time to be involved with the cryptocurrency full time. I joined a signature and thought that it was the best investment I had in my life. However, the ICO never had any updates after they did not reach their timeframes and milestones. I would love to see them being sued and put into the jail. However, I never seen anyone from them got so.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
I used to be a victim of many revenue sharing programs in 2017 that used bitcoin as their mode of payments. Revshares could never be sustainable that is why those programs eventually died leaving members with empty bags and the owners with millions of money. Sadly I saw no one got sued and eventually brought into the justice system. Then we got into many scam ICOs whose perpetrators were there just for the money and nothing else. We now have to accept that scams are now part of doing business online. These scammers are using fake identities in order to evade the law and fool as many people as possible. Scams and frauds are now part of the cryptocurrency industry and soon this will even boom as more and more people can be enticed to enter this industry.
so far Crypto market has been very profitable source of income for scammers without been caught for example,in 2015 and 2016 we saw many ravenue share sites such as(TAT) The Ads Team,My 24 hour income and(MPA) and (MPCA) My Paying Ads appeared and their owners scammed million of dollars and they disappeared without being arrested and in 2017 and 2018 new fake ico"s came again they made people fool .at least there should be a law to return the people money . it is not impossible to arrest these criminals ,all these scammers have social media profile they can be punished easily.
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