Your friends are doing it correctly, they shouldn't invest to something that they doubt and aware of what's the current situation. It is no longer a hidden situation that the ICO market is full of crap projects that are likely to be scam.
Few are probably legitimate projects but they are rare to find because of the vast projects that keep on coming to the crypto market. There are gov't agencies that are following some project developers and would probably sue them.
Topic: Scammers running free - page 15. (Read 1869 times)
Yes, and i believe that was the real reason for the big scamming situation in 2018. Think about that, you steal money from the public and no one can stop you or punish you. ı believe that after the first Scam in the blockchain history started this because there was no penaalty for that. After the bad people learn that, they all started to produce scam projects or when they collect money from the people they just ran away with those money.
I don't think that we could really do anything about it besides we don't even know if the name that they put on their informations is real.
What if the name or picture on their informations are fake and the cops made some move to arrest them,They could arrest some innocent people because of this fake informations.
What if the name or picture on their informations are fake and the cops made some move to arrest them,They could arrest some innocent people because of this fake informations.
ugh
why is this in altcoin discussion?
wrong board you cuck
should be rep or meta or something
but definitally not alt discussion
Move your post to proper board by option in bottom left of your OP
why is this in altcoin discussion?
wrong board you cuck
should be rep or meta or something
but definitally not alt discussion
Move your post to proper board by option in bottom left of your OP
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 think Cryptocurrency decentralized nature doesn't really allow relevant authorities to actions on these scammers as much as we would like. Recently, I read in the news that Bitconnect CEO is still facing legal battles after being indicted in ICO scam
It's about legal actions, most of investors let scammers running away for free maybe because they have just invested couple hundred or they think "ah no problem, just a small money". Maybe regulations from each country is needed to prevent scam project getting funded. However, there are still many countries that blinded by fiat and see that cryptocurrency is a garbage or a useless product and end up banning cryptocurrency.
It is like imagining there would be no murders because of cops. The regulation will calm the situation, but the scammers will continue again. Anyway, if you want to walk around places that are not scam, trading money pairs will be better. Because it is normal to encounter scammers in the decentralized system. 
It's about legal actions, most of investors let scammers running away for free maybe because they have just invested couple hundred or they think "ah no problem, just a small money". Maybe regulations from each country is needed to prevent scam project getting funded. However, there are still many countries that blinded by fiat and see that cryptocurrency is a garbage or a useless product and end up banning cryptocurrency.
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
You don't have to invest in an ICO to join the crypto market. You can also invest in solid / well known coins. so the ico debacle shouldn't be the reason to gain more crypto investors. but you are right, ico scammers should be followed harder and get a fair punishment.
this is one of the major reason why many people want regulation to enforced so that investors will stop losing money to scammers. this is one of the reasons why SEC has come out to try and regulate crypto activities and we have seen the effect of this on the market and also some project owners and left the project and ran away while some have been apprehended, others will soon be caught. this things have changed because of the fear of SEC.
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
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