Topic: Punishment for ICO scams! (Read 1972 times)
I will sincerely side with you, those who entertain these scammers must be brought to book. Those managers who host the projects must be punished since I sincerely think most of them are aware of what is about to take place before they start but always act as if they know nothing about it.
It is safe to say that for fraud with cryptocurrencies will be punished in accordance with Art. 159 of the criminal code, as well as possible with Art. 160 of the criminal code and Art. 185.3, 185.6 of the criminal code.
At the moment, there are no laws to punish fraudulent ICO projects. But in any time soon I think they will appear.
Eat. Article 159 of the Criminal Code of the Russian Federation provides for liability for fraud. In all cases, including ICO, there is a transition of material values from one person to another.
Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)
Thats why we need regulation on this. Police can not punish them because there is no regulation about cryptocurrency in many country. Scam ICOs always stand in country that crypto still unregulated and i think thats why scam ICOs always exist
Fraud in the ICO is very difficult to predict and it is difficult to choose which ICO is correct and the ICO is fraudulent, maybe for people who like to cheat and harm others in my opinion the appropriate punishment is in prison maybe for 10-15 years, maybe with that fraudsters will be deterred.
there must be some rule that before starting any ico project must submit their property information to some authority who monitor
in case of any fraud, they have the power to cease such property or fund in case of any fraud.
Thanks
in case of any fraud, they have the power to cease such property or fund in case of any fraud.
Thanks
well, I mean no one will hoping to get an ICO scam, but we clearly don't know before we join it. They make a fake account which is reallyy hard to find out, Let's just hoping that any necessary people in bitcoin could talk about this, and make any kinda punishment.
Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)
Do you know why government Chinese has ban crypto? Cause many Ico token from them and a lot of people has scam...now crypto has ban in there...scammer go outside Chinese with same method....Ico token... Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)
Agreed for hard punishment who scam in cryptocurrency and launching ICOs only for crowd funding and after that cheating investors emotions or fund and losses their hard money. I faced many ICOs and lost my principle amount to invest in them. Just to prevent producing scammed ICO's.
Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)
Bockchain is decentralized meaning no third party to be involved in any transaction and those scam ICO project does not show real details of the project teams so it will be very difficult to punish or trance people whom you know not about. The best thing is to be very careful to avoid be scam.
Most likely now it is very difficult to punish scammers, since there is no regulation of the market and no one is controlling the market.
The best punishment for fraudulent projects is not to give them your money as an investment. We need to learn how to determine the future of the project and its possible fraudulent implication. The ICO project should be an officially registered company, and the development team should be real.
Yeah, I don't think that those scammers out there have received any punishment because of their irresponsible actions. Because they cannot be tracked, they use a fake account, fake ID, and other fake information. So, the only thing we can do is just learn from our experience, don't invest your money in any suspicious projects.
Most ICO scams use identifiers as well as fake addresses, so it is very difficult to find them to be punished. ICOs are not scam, they must comply with legal regulations in some areas.
Obviously, no scammer will definitely end up revealing their identity when they know what they are doing is absolutely against the normal rule of law and it is a punishable offence if caught and in that regard, they try as much as possible to hide who they are and make sure they cannot be traced to anything at all. Although, we have heard of some who did some scam shit and ever since has been on the run, like one Confido project I invested in a while back, which was the first and only scam project I ever would have fallen for anyway.
The inevitability of punishment for fraud must be strictly. In order to determine ICO fraud, laws must be created in each country that combat crypto fraud. If a crypto really exists, it is necessary to give it a legal assessment and go out in a civilized way of communicating with crypto.
Most ICO scams use identifiers as well as fake addresses, so it is very difficult to find them to be punished. ICOs are not scam, they must comply with legal regulations in some areas.
at least we can take part in the ICO project which in that country must do a KYC especially for the teams that hold the ICO, to be safer and can guarantee that the ICO is official and has obtained permission from the governmentIt is more like you going against the law and then pronouncing to the whole world your identity, and in that case, it would be like you trying out all means to find yourself locked up. The best thing is for people to try as much as possible to know how to avoid scam themselves.
I hope that there will be literally justice to those people who scam other people into investing in their ico even though they'r not real! They should be turned into the authorities.
The best punishment for fraudulent projects is not to give them your money as an investment. We need to learn how to determine the future of the project and its possible fraudulent implication. The ICO project should be an officially registered company, and the development team should be real.
If it possible to find any people who making those scam project, that would be convenient for us to give punishment to them.
I think most of us here will be wishing to give them (scammers) the punishment they deserve since the are stealing so many things, not just money but also trust.
I think most of us here will be wishing to give them (scammers) the punishment they deserve since the are stealing so many things, not just money but also trust.
Unfortunately the ICO is not regulated by anyone and the scammers use this opportunity to raise money. I think in a short time will begin to regulate the conduct of the ICO and not allow fraudsters to raise funds.
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