I just felt I should do a flash back on projects that cheated on bountyhunters or refused to pay for work done and do a recap on how they fared afterwards. There are many of such projects ,you can add to the lists.
Kora Network
Led by Dickson Nsofor and Maomao Daniel Hu
Raised 12 Million USD with the help of bounty hunters
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZjXP0Vo.jpg&t=671&c=Z41nYqq0mDrMGA)
Then refused to pay for several months,ignored bounty manager until an anti-campaign was started, only then paid a tiny fraction of work done.
Current Market cap 43000 USD
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FDPZpG70.jpg&t=671&c=nR2D8YBP2sN1eA)
Loss to investors -99.64 %
Nothing substantial in terms of project implementation (other than listing on some small exchange-one of which is no more)
Team probably dumped their own tokens and walked away with over 10Million USD. That to me is a form of scam.
How a project treats bounty hunters/managers tells a lot about their integrity and can serve as a red flag to investor. Nothing can be achieved long term when integrity is lacking in a project team.
What projects you now that followed same pattern, please indicate.