All right, punishment for scammers should be. But for this, the IKO must be legislated at the legislative level. Some countries try to punish scammers, but very often they avoid punishment.
Agreed. And it's not that the ICO is not a legislator. Just the only proof that you worked for them is a contract that you don't have. 
Topic: Punishment for ICO for being scammed. - page 8. (Read 922 times)
To be able to see if an ICO team would be falling under law would be to check the team members location. If you are unable to find that than thats a red flag and you should stay away from the ICO. Also it is very easy to fake all the details of an ICO and there is no guaranteed method to be able to find out if an ICO is going to turn out to be a scam.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
scam ICO projects will never be punished. Because now the government has banned people from being allowed to invest in ICOs, so if we are fooled by these projects then the error is due to us.Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
Yes of course there are ways to filter icos to know if they're a scam or not, and usually clues of it shows before and during ico. If the scam is proven, you can accuse the team with fraud or swindling, that is if you can find them, "you can't find someone who doesn't want to be find". Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
In any industry much more those who are online in nature there will always be people who are using their talents, skills, abilities and creativity in order to fool and grab money from other people...and we are helpless in actually changing their mind so that the best thing to do is for us to be always be careful. This is one ground why many countries are regulating (and even banning) the help of an ICO because regulators feel that they must protect their citizens against the possible scams. Now, in my view the best way to deal with this is to have body established by the industry itself to screen ICOs so that "investors" would not be deprived of their money and time. The famous Vitalik Buterin suggested the DAICO platform which has mechanism to protect the ICO participants and I think that it should be required of all ICOs...but then again in a decentralized market there is a problem as to who will implement it as we all here on a voluntary basis. We need regulations with the view to protect the investors but not to kill the platform and self-regulation is the best way.
Yeah I think so too. They taking investors' hard earned money as easy as pie. Plus they are able to run away without knowing there whereabouts to put them behind bars.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
We can not find them. Some projects are anonymous. So I advise you just to invest and learn about projects that have a transparent and reputable development teamCryptocurrency is purely speculated, few projects are really worth it! but buddy try to read their whitepaper and ask them about github this is the place to be where you can see developers are really have thier product. In case you really want to join their project. Github and telegram is the answer.
Is having a good whitepaper or great community in telegram would guarantee the project of not being scam?
unfortunately we can't punish them after they deceive us. No one can be blame in this situation. All we can do just let it go and don't repeat that mistake in the future.
You can do a lot of things to detect scams. Most of the time it is quite easy to do, if you actually take your time asessing the project.
You need to check the team, search their social media profiles, even contact them directly, do a reverse image search to confirm they are legit. You need to understand the project and need the whitepaper. Need to compare the technology with similar projects to see if they didn't steal anything or if it is just a recycled whitepaper. You need to see if they do have a minimum viable product and be able to see it, try it. You can review the code they already have on github or similar repositories.
Now, if you fall into a scam, a scam is people stealing money from you. You could theoretically make the report to your local authorities. But it is an unregulated market, so depending on the country, if they are located abroad or if they cannot be identified, it would be tricky. Will depend on your authorities how far they go in the pursuit.
You need to check the team, search their social media profiles, even contact them directly, do a reverse image search to confirm they are legit. You need to understand the project and need the whitepaper. Need to compare the technology with similar projects to see if they didn't steal anything or if it is just a recycled whitepaper. You need to see if they do have a minimum viable product and be able to see it, try it. You can review the code they already have on github or similar repositories.
Now, if you fall into a scam, a scam is people stealing money from you. You could theoretically make the report to your local authorities. But it is an unregulated market, so depending on the country, if they are located abroad or if they cannot be identified, it would be tricky. Will depend on your authorities how far they go in the pursuit.
There has been a lot of icos and its really hard to tell which one is a scam or not. The only way to make sure you wont get scammed is if check feedbacks from people. Know the people running the ico by checking their linkedin profile. Check their website if its legit. These are just some points we need to check prior to investing.
it is difficult for us to know the ICO project Scam and which are not, so we should really do the research well, indeed one of us we can visit website and do research there and can know the team that handles the project.I think that website that list ICO should put a warning to a suspicious project aswell not just gaining profit without caring about the people.
There has been a lot of icos and its really hard to tell which one is a scam or not. The only way to make sure you wont get scammed is if check feedbacks from people. Know the people running the ico by checking their linkedin profile. Check their website if its legit. These are just some points we need to check prior to investing.
it is difficult for us to know the ICO project Scam and which are not, so we should really do the research well, indeed one of us we can visit website and do research there and can know the team that handles the project.
So far I know there is no specific way of knowing an ICO scam or not. But you will have so many resources to know in detailed about an ICO. SO doing sufficient study regarding the project, you will be able to know the reliability of any ICO. And till now there is no ruling body established to punish the scam.
There has been a lot of icos and its really hard to tell which one is a scam or not. The only way to make sure you wont get scammed is if check feedbacks from people. Know the people running the ico by checking their linkedin profile. Check their website if its legit. These are just some points we need to check prior to investing.
Many countries have banned the ICO because the government has not been able to handle all of the ICO scams. However, the current purchase of ICO is still largely based on the belief that there is no binding mechanism to punish fraud. 
There is no system that can filter out things like that. even for penalty regarding these events nor will anyone can overcome. Crypto is indeed great things and it has also become a risk if it is entered in the crypto. any Government would not be responsible regarding crimes scam going on.
The common thing people will suggest to filter out those ICO is to look for ICO scorers or ratings over certain websites, well not saying don't use them don't just be fully dependent that every decision that you will make are always up to the scorers, make your own assessments as per the ICO scams I hope there would be a license or somewhat agreements to regulate those ICO's but there is none for now so be extra careful out there.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
No there's no possible way to filter if the project is a scam or not since you/we know it once it becomes a scam (Mostly) but there are things you can consider to make sure that the project is legit or has a future such as:
• Credibility of each team members
• Office Address
• Legal Documents
• Detailed Roadmap
• Clear and promising whitepaper
You can check the thread I've made about avoiding being scammed again by different ICO's you can also check there the links about different kinds of scams so you will be aware of it: https://bitcointalksearch.org/topic/m.33152916
So far I haven't encountered a project scam that's been punished by the law. I think there are different punishment in every country so I'm not sure of it.
Punishing them is difficult because first, you've got to know their real identity first. How? In this decentralized world. Filtering them via rating sites are no longer reliable as well. We see them, for example, 4.9 in average in a famous ico rating sites but we do not know how real these ratings us. Just recently, an article exposed a famous ico rating site's unreliability due to ico experts being paid for high ratings. If you are curious about this, google about it.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
If there was anyway to find such people who scammed us then surely we can hand over them to the police and court will take the appropriate actions on them. As far as our money is concerned we can always get it back from them as they should have it with them by applying law and orders. Some serious life imprisonment for them would be bonus to us but I dont think for financial frauds that is an option.
But surely punishment should be such that they get the lesson and we get our money back.
Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?
So far there are no way to punish those making scammed ICO and there will be no regulatory body that will do since crypto is decentralized and people doing scam are anonymous. Wrong, you can sue them in SEC for such fraudulent act regardless of the jurisdiction as long as it involves money. Just go to the nearest SEC and sue the Team behind fraudulent ICO. That is if you knew the team behind. Some shady ICO right now are smart enough to hide their identity in pants so that they won't be traced.
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