Topic: Punishment for ICO scams! - page 4. (Read 1972 times)
In the digital era only a few people / scammers / hackers are being punished by the laws of the countries in where they are apprehended, and such laws are very few and scarce. The same goes for ICO and bounty scams as there are no laws that can apprehend the people who commit it.
SEC would apply penalties, but you know, some of team members have fake profiles, so it is tricky. Bounty hunters can punish scammers by negatively promotion. In some cases it affects scammers
Sanctions for scammers should be already happening in some way, there are simply too many of them in the market, and there is money involved, I think it is a matter of getting more knowledgeable about avoiding them
I do not despair when I encounter such a problem and draw certain conclusions. It is better to analyze projects. I consider this an acquired experience. Let's see what happens with Shopin.
all I have ever done to give a deterrent effect is by asking the developer and embarrassing him by publishing to every social media that exists and also on the forum, where I say that the project is a fraud that would be detrimental if he joined him.
The only way the team or the developers behind scam ICOs can be sanctioned is if their true identities were revealed before the incidence. So many of them use fake identities and that is why you may not be able to pin them down. Also, this is what some governments have been clamouring for. Had it been the crypto space is regulated, then the scammers can easily be apprehended, but in this case, i do not know how possible it is.
More of them will go unpunished! Only the biggest retarded fools that do grab and go will be punished!
If ICO scammers put even a little bit of thought how to heat the system, they will always go away with it, I think!
If ICO scammers put even a little bit of thought how to heat the system, they will always go away with it, I think!
It is highly regrettable that non of those scamming ICOs has been brought to book or punished this will surely encourage other newer ICOs to capitalize on non regulatory body of ICOs to scam more investors, I think the idea of knowing the country of origin of ICOs is very important so as to track or trace them.
At the moment, the topic of punishment for the ICO scam is very rare. In almost all cases, everything remains with impunity. If Iko scum, it is unlikely that someone will return something to you.
In some countries, such as the United States, there are government organizations such as the SEC, which are engaged in tracking all types of currency transactions. For each category, these organizations create their own rules and regulations and punish, including fraud in the field of cryptocurrency (ICO).
As far as I know, there is no punishment at the international level. But if a project is based in a certain country, it can be tried for fraud.
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)
Since crypto is decentralize which also means there will not be any government intervention as of now. So i does not think there will be a punishment that will be lift on scam ICO. I am also interested to know if there is.
Bitcointalk is not the best place to punish people after them scamming people because if someone plans to scam us, they will not use their real identity so how is bitcoin going to be responsible in dealing with them. The best that can be done is that all icos should be regulated by the government to deal with the people who scam us.
You can not do much against the whole ico scam.
I am also in favor of punishing such people.
But how you can do that, i do not know, unfortunately.
I am also in favor of punishing such people.
But how you can do that, i do not know, unfortunately.
In my opinion, it is necessary to create a structural division of specialists who will check the projects before they are released for sale, and you can also create a specialized service that will already have validated projects, after these actions I think fraud will be less
There is no way to punish scammers. if they don't disclose their faces and private information, you won't find them, but in case of titanium, Envion and Centra, owners diclosed info and now some of them are imprisoned.
well if there is no way to punish them and make them stop then we should learn how to avoid them and do not let them steal our money 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)
i think that soemthing should be done with the scammers but i am jot sure what exactly and i just hope that theynwill be punished
There is no way to punish scammers. if they don't disclose their faces and private information, you won't find them, but in case of titanium, Envion and Centra, owners diclosed info and now some of them are imprisoned.
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)
Nothing. They are free to scam people. Nobody will arrest them because in many cases we do not know who are the scammers. It is easy to scam in crypto because no regulations, you dont need to provide your real name anywhere.That is why the market is more dangerous than ever, in my country, cryptocurrency is not protected by the state, if I have been cheated in this market, the law will not protect me.
ICOs does not have international laws, in fact there is little local laws in place this is why they are constantly getting away with this hit. But slowly governments are making new laws and regulations in order to tackle this problem.
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