Teams showing real faces to public can still scam you - page 3.

kaneki007

sr. member

Activity: 1190

Merit: 257

Quote from: SistaFista on October 15, 2019, 09:13:22 PM

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

There are many projects that put a real face on their team. if they have succeeded in fraud investors with their useless projects they will continue to make projects to fraud investors
And there are also those who take photos of someone to be used as fraud and be careful if there any bounty or airdrop asking for kyc for withdrawal, because it is very possible to abuse of identity

MCDev

sr. member

Activity: 680

Merit: 255

Yes, many public teams are still willing to cheat users. I can give an example, that is the exchange project Coinhe, they cheat bounty hunters, trying to make unreasonable rules to steal their money.

minime0105

hero member

Activity: 1246

Merit: 534

Good point. I think everyone already knew the faces of the real people that were behind that Bitconnect scam. Still they scammed people nonetheless.
There should be more regulations these days for who can create projects and who can not.

arifteguhr

sr. member

Activity: 1246

Merit: 252

The difficulty of investigating the existence of this penipuna although scammers display their real faces make the steps of this process also is increasingly difficult because usually IEO also has an agreement with the exchange. and also some countries themselves still do not have clear laws regarding cryptocurrency so the law is hanging because there are no specific criminal acts

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: yulchatar on October 15, 2019, 03:41:29 PM

With the development of social networks and the Internet as a whole, it has become very easy to steal someone’s identity, because all information about a person is available to everyone. And for experienced scammers this is not a problem at all. Especially when huge amounts of money are at stake.

Exactly, since the faces teams display on their website are most likely fake identities from unknown people, it won't cost them nothing to scam people with such identity, this is just telling everyone both investors, hunters to be more observant, do proper research on the teams images to see who will come up, since scammers are being very creative this days.

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

indeed at this time there are so many like that, many projects are stealing other people's photos to make fake projects, so when you find a new project it's better you can see the team first, make sure that they really are the real face and indeed develop the project which is being launched, so you should know everything before participating as an investor in an existing project.

Mike Mayor

hero member

Activity: 966

Merit: 535

Quote from: xiboothrezi on October 15, 2019, 10:10:26 PM

Quote from: SistaFista on October 15, 2019, 09:13:22 PM

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

You are right. Con artists always do their best to convince potential victims. A profile that shows a real face is not a guarantee that it's a promising project, it could be someone else's profile that was falsified. Conversely, there are also projects that hide the profile of the development team, one of which is Minter, they use a superhero avatar to represent their profile. In fact, Minter has continued to show good and promising progress to date.
See? real or hidden profiles are no guarantee. Then we must be more careful in analyzing the project.

Scammers have no shame. I was scammed a few days ago of about $50 trying to but something here locally. I know what he looks like and his full name since he gave it to me. The thing is the way he was talking made him seem not to be a scammer and I was promised a refund. However, I have not got one after a week and to me that constitutes a scam. I actually don't know what is going on but I reported it as fraud to my bank so hopefully something will get done. It isn't just about losing the money it is more about the fact that someone undeserving has gained something. He does not deserve it yet he has $50 of my heard-earned money and that is what pisses me off the most. So no scammers are shameless they even talk themselves into believing they have done nothing wrong. Very sick people. Scammers need to be taken care of harshly.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: xiboothrezi on October 15, 2019, 10:10:26 PM

Quote from: SistaFista on October 15, 2019, 09:13:22 PM

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

You are right. Con artists always do their best to convince potential victims. A profile that shows a real face is not a guarantee that it's a promising project, it could be someone else's profile that was falsified. Conversely, there are also projects that hide the profile of the development team, one of which is Minter, they use a superhero avatar to represent their profile. In fact, Minter has continued to show good and promising progress to date.
See? real or hidden profiles are no guarantee. Then we must be more careful in analyzing the project.

I have seen several projects as well that have legit team members but turned out to be crap. The problem with this is that it is difficult to run after them even if they have faces and names in public. Are you going to hire a lawyer if you invest few hundred bucks? Maybe if you are a big time investor, you can proceed with legal actions but more than likely they can escape from their set Terms and Conditions for the investors. They will always find loopholes to avoid possible incarceration of their wrongdoings.

xiboothrezi

sr. member

Activity: 1246

Merit: 285

Quote from: SistaFista on October 15, 2019, 09:13:22 PM

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

You are right. Con artists always do their best to convince potential victims. A profile that shows a real face is not a guarantee that it's a promising project, it could be someone else's profile that was falsified. Conversely, there are also projects that hide the profile of the development team, one of which is Minter, they use a superhero avatar to represent their profile. In fact, Minter has continued to show good and promising progress to date.
See? real or hidden profiles are no guarantee. Then we must be more careful in analyzing the project.

Ochakemaput

member

Activity: 483

Merit: 10

terra-credit.com

Quote from: NewRanger on October 15, 2019, 09:49:53 PM

although they show their real face they could do exit scam with another ways.the most thing that usually did was let projects die when already listed on exchanges.even in IEO projects could happen on this way.moreover if they launched on unreputable exchanges with low trading volume.

it is better when they are already registered and traded on an exchange. there are many projects that just after they finish selling they disappear. the face of the development team is not a strong reason the project will not fool us.

NewRanger

sr. member

Activity: 1582

Merit: 333

Quote from: SistaFista on October 15, 2019, 09:13:22 PM

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

although they show their real face they could do exit scam with another ways.the most thing that usually did was let projects die when already listed on exchanges.even in IEO projects could happen on this way.moreover if they launched on unreputable exchanges with low trading volume.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Yes, we cannot sure whether the project is real or scam just from the team's face.
Due diligence is always required for investors who want to invest on cryptocurrency project.
I think investing in IEO on a good cryptocurrency exchange is the best option to avoid scam project now.

red4slash

sr. member

Activity: 1400

Merit: 468

Quote from: yulchatar on October 15, 2019, 03:41:29 PM

With the development of social networks and the Internet as a whole, it has become very easy to steal someone’s identity, because all information about a person is available to everyone. And for experienced scammers this is not a problem at all. Especially when huge amounts of money are at stake.

means that if they can do that then investors should do an analysis of the team that is in it. therefore many references to find a team that is experienced in this case investors can reduce the suspicion about falsification of identity within the team. but it needs to be recognized again that an experienced team may not necessarily be able to bring the project to develop properly

yulchatar

full member

Activity: 910

Merit: 100

With the development of social networks and the Internet as a whole, it has become very easy to steal someone’s identity, because all information about a person is available to everyone. And for experienced scammers this is not a problem at all. Especially when huge amounts of money are at stake.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Doranile432 on October 11, 2019, 05:48:45 AM

I am here to confuse people who still think that any new projects that entered crypto space with teams that are able to show their faces on videos and even attend good crypto seminars anywhere around the world have nothing to hide, and they think its real project and far from scam, well the biggest scams in crypto space are able to cater away with that huge money because many believes they are real, The ceo and teams coming out in publics to discuss about the projects doesn't erase the fact that they can scam you.
Bitconnect did the same thing and miracle tele joined too

You talking about that annual ceremony held at Thailand by Bitconnect right? As far as I know, none of the key peoples involved in the development were present over there. If you are talking about Carlos Matos (the meme guy), he was if I recall correctly was just an investor who was promoting bitconnect.
I would say at least if all those main team and developers remain totally public, there is a high chance they won't be scamming anyone. But like you said, you never know. They can scam away the money and escape all legal penalties.

omone1

member

Activity: 845

Merit: 52

USI TECH that brought me to my kneels were going everywhere, Dubai, USA, England and other places. They even claimed to have a large mining farm and created TechCoin which they sold to the public, I never bought their coin because it was a fraud. Today it's an history. Trust team at your detriment.

tranduong123

copper member

Activity: 714

Merit: 5

This can happen in real life when scammers hold meetings to advertise fraud projects, It's not surprising if they,
The scammers appear on the internet with their real photos.

lighpulsar07

sr. member

Activity: 518

Merit: 271

Indeed i agree with you. We should still be wary in projects that we want to invest, even if the team are showing their real faces since we are in the internet even if they showed their faces, we still don't know their locations so, if they want to run away, they can still run away there are 2 projects that turned scam and their team members are real persons this is bitconnect and miracletele

Bitfling

member

Activity: 602

Merit: 10

Quote from: Doranile432 on October 11, 2019, 05:48:45 AM

I am here to confuse people who still think that any new projects that entered crypto space with teams that are able to show their faces on videos and even attend good crypto seminars anywhere around the world have nothing to hide, and they think its real project and far from scam, well the biggest scams in crypto space are able to cater away with that huge money because many believes they are real, The ceo and teams coming out in publics to discuss about the projects doesn't erase the fact that they can scam you.
Bitconnect did the same thing and miracle tele joined too

There is no definite grip that we can trust in the world of cryptocurrency. A project we can trust if we have started listing on exchangers and have a large transaction volume. New projects are indeed risky because sometimes the developer team runs off funds that come from investors

Anonylz

hero member

Activity: 2562

Merit: 577

Because no authority can actually go after them even if they show their real faces, they have no reputation to protect, they are more concerned about what they will generate so they are ready to go any length to convince people to believe in their project,

Now having the real faces of the team behind the project is not enough guarantee to determine the legitimacy of a project, the situation is nauseating.

Topic: Teams showing real faces to public can still scam you - page 3. (Read 1105 times)