Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
For that to happen we most definitely be regulate. Governments will have interest in putting any scammers behind bar if there is a law to prosecute scammers. I think we should be able to make governments accept bitcoin and regulate it if not the scamming activities will really continue. 
Topic: Scammers running free - page 10. (Read 1866 times)
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
I am sure that there are not so many scammers in the crypto market. It’s just that the same people are doing several ISO fraudsters and they continue to do this all the time.
To avoid this, it is necessary to force developers to disclose their personal KYC information.
Only in this way can we defeat the fraudsters and bring them to justice for the deception of investors.
As in any unregulated industry, the sphere of cryptocurrency and blockchain was flooded with rogues, fraudsters and various scammers. Because of them, probably 10% of all ICO projects are real, the rest are solid fakes. I think the crypto community is faced with a difficult choice - either decentralization and a huge amount of scam, or regulation of the cryptosphere and admission of law enforcement structures to it to protect against fraudsters.
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
It is just very difficult to arrest those who conducts this projects because they are very careful to make sure they don't release their real identity to their investors do that they can make a way with their money and not get tracked by any government agency, so I believe this is why IEO was launched to solve this problem of scam in crowdfunding on the Crypto space, but I think sec has been doing a good job lately getting those people That have participated in scam activities one way or the other in the Crypto space. That is why many thinks centralization and regulation will bring much sanity into the system. Many people have lost thousands to millions of dollars for good with their bad deed been investing in a project or ICO.
And what about the investment market of securities is not who has not lost money. And investment in real estate. And other areas of investment. Yes, any business built on credit is an investment. So now this difficult dangerous game is complaining.
That is why many thinks centralization and regulation will bring much sanity into the system. Many people have lost thousands to millions of dollars for good with their bad deed been investing in a project or ICO.
I agree and also wondering how are the scammers news now? Have these ico scammers been arrested? This is an important point to recover the ico investors and public trust. As long as these scammers freely wandering out there, public who had no experiences but interested to crypto will doubt to take part in the crypto world.
If this point can be overcome, I am sure it will give a positive impact to global adoption.
If this point can be overcome, I am sure it will give a positive impact to global adoption.
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
My question is why would you be careless to the extent of giving your money to scammers .since you already know that the crypto community is filled with scammers that are looking for money to make away with, it is left for you to do your best in avoiding them as much as possible. Cause if you keep on waiting for when they will start getting them arrested ,you will just be wasting your time for nothing. As for your friends, well this is not meant for everyone ,if they think they can do it then they should find something else to do. Today, a lot of information on how not to become a victim of a scam. In order to become an investor of a project, today you need to have knowledge of how to analyze the project itself. The organizers should be ready for any questions, and not hide anything about the project. If you have even the slightest suspicion of deception, then most likely you will be right.
Therefore, until everything is organized at the legislative level, it is worth relying only on your knowledge. Do not jump into the project without solid confidence, but carefully re-check everything.
Therefore, until everything is organized at the legislative level, it is worth relying only on your knowledge. Do not jump into the project without solid confidence, but carefully re-check everything.
Yes, I think the first line of defense of us not being scammed is to become more aware and vigilant on those projects that shows signs of irregularity and we should try to inform and warn other people in the community. But then again, there should be a way to apply the full force of the law and bring the perpetrators to justice so that it will not be replicated with others who have malicious mindsets.
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
Everyone must do a little researched before she/he join in any project involving cryptocurrencies. Since the cryptocurrency is promoting decentralization and also include anonymity, it means that everyone can used crypto-currencies for their purpose wethere its good or bad without revealing their true identities. thats why if anybody has not sure what they are doing in terms on investing in ICO's IEO,s STO think twice just invest only with those platform that comply regulation, invest in IEO on reputable exchange like, Binance,Bittrex,Kucoin and other trusted platforms are least chances of being scam in the end.Note: Im not promoting anyone of those exchange that running and IEO's since i have nothing to do with them. im just using it as an example.
Today, a lot of information on how not to become a victim of a scam. In order to become an investor of a project, today you need to have knowledge of how to analyze the project itself. The organizers should be ready for any questions, and not hide anything about the project. If you have even the slightest suspicion of deception, then most likely you will be right.
Therefore, until everything is organized at the legislative level, it is worth relying only on your knowledge. Do not jump into the project without solid confidence, but carefully re-check everything.
Therefore, until everything is organized at the legislative level, it is worth relying only on your knowledge. Do not jump into the project without solid confidence, but carefully re-check everything.
To tell you frankly, the cryptocurrency's condition in our prestigious country is in really bad reputation. They used some ICOs as a networking business and that being said will no longer trusted by many individuals here. Instead, they are refusing to join any ICO businesses and crypto (preferably bitcoin ) are just being used by scammers which lead the status of bitcoin so down. And we can not blame anyone to become skeptical in joining cryptocurrency.
I remembered those two persons ( married couple) who got arrested because of taking away the $19 million worth of bitcoin. Check it out for awareness.
I remembered those two persons ( married couple) who got arrested because of taking away the $19 million worth of bitcoin. Check it out for awareness.
That is a big issue we have to deal with. Imagine if people are not punished for doing wrong, what will even stop them from scamming people. However, if scammers are punished, it will scare others from also scamming others.
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
If investors never made legal actions about a scam ICO they should not expect anything from the government. However, this requirrs a alot of work, you will need to have the real identity of the team behind a scam project since most scam project create fake team profile.
Well it is sad to say that scammers are really running freely, scammers has really a great effect on the crypto feild and there are really so many scammers that is really earn a lot by victimizing people inside the crypto feild. So i think we need to do more research on how to avoid scam for good.
Research and study will helps a lot, to avoid being victimized understanding every fields of investment are very important, you have to make sure that you are working with projects who soon bring you a good benefits, without anything to expect, the project will just turned into a scam or it will just grab the opportunities to earn from investors and nothing to give in returned. 
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
Of course they are getting arrested if their identity is a known one, we have responsible judicial system that would not ignore that despite the fact they are yet to support cryptocurrency, but fraud is fraud, I have seen one or 2 cases of people that has been arrested and still in jail, but that was easy for government to do because o their identity that was deeply know.The whole game plan is still in the hands of we investors, there is need for us to do more work in this regards by making sure that a project team is well known and can be identified with a project, any project that we cannot get a clear or direct interaction with the team and also confirm their identity, should not be taken into consideration for investment.
On a serious note, with the decentralized model of blockchain technology and cryptocurrency I don't there's anything big we can do for all these scammers rather than for us to be careful not to fall into their deceit. I have seen many projects that raised millions of dollars that later turn to scam and yet most of these scammers are still working free.
Investors has to be knowledgeable when it comes to investing, they have to ensure that they can go after the team in case they will be scam. The new model of fund raising is effective because it's the site that is making back ground investigation to those who want to apply for the service and we can say they are more creditable that those that gives online review on a certain ICO.
Most scammers are using the anonymity of crypto to scam a lot of crypto investors and these are some the many reasons why some people are of the view that crypto should be regulated.
On a serious note, with the decentralized model of blockchain technology and cryptocurrency I don't there's anything big we can do for all these scammers rather than for us to be careful not to fall into their deceit. I have seen many projects that raised millions of dollars that later turn to scam and yet most of these scammers are still working free.
Not until we start seeing crypto scammers get arrested for real many new investors won't join,I have friends that won't join crypto because of scammers running away with ICO funds forever ,no way to arrest them and get the funds out of them,the few news I read about getting some scammers is not enough ,the more there is an effective way the less scammers will harm crypto
Of course they are getting arrested if their identity is a known one, we have responsible judicial system that would not ignore that despite the fact they are yet to support cryptocurrency, but fraud is fraud, I have seen one or 2 cases of people that has been arrested and still in jail, but that was easy for government to do because o their identity that was deeply know.The whole game plan is still in the hands of we investors, there is need for us to do more work in this regards by making sure that a project team is well known and can be identified with a project, any project that we cannot get a clear or direct interaction with the team and also confirm their identity, should not be taken into consideration for investment.
Jump to: