The Ultimate List of Exit Scams & How to Spot One

wozzek23

sr. member

Activity: 1593

Merit: 284

Quote from: Morrin on November 10, 2019, 04:08:21 AM

This is not really a comprehensive list about exit scams and projects that did not do what they promised. To me the, largest list of exit scams in the industry will be found in ICO. There are many ICOs that raised millions of dollars and they are no where to found again.

Lol, you are not wring about this, because some ICO project has been a disaster this year as it seems like ICO market now is full off projects that just want to scam people and go away with their fake technology and the way they even do that now is so professional that when you see the project from the whitepaper, you could swear with your life that the project will be the best in life, so you rush into investing and then they enter one fake exchange that does not have value, tie your money down for long till the project becomes a shitcoin that people no longer recognized.

We also need to be very careful in the next bull run, because this project will want to come to the market during the season to dump the last coins that they have and then exit permanently.

btcdie

sr. member

Activity: 784

Merit: 251

Quote from: Gotumoot on November 14, 2019, 08:27:38 AM

In fact, I have also been victimized by exit scams, such as the bitcoinnect that stole millions of dollars. I am one of the victims of this and my friends whom I encouraged to invest. So now that I've learned that I know how to avoid this one here is to not believe in their unbelievable return of invesment that really attracts you because they pay for it.

If you want to recommend a friend to invest in a project, you should give the right direction. like their choices or opinions that are recommended. I once also recommended my friend to the bounty project, and it turned out to be a scam. until finally my friend was a little disappointed, at that time my friend was still new to crypto and the answer was to waste time. until now I no longer dare to recommend a project, let alone ICO. if you want to recommend to someone that is by way of trading or top 10 investment in CMC, even though it is risky but at least it is real.

Gotumoot

sr. member

Activity: 1372

Merit: 261

In fact, I have also been victimized by exit scams, such as the bitcoinnect that stole millions of dollars. I am one of the victims of this and my friends whom I encouraged to invest. So now that I've learned that I know how to avoid this one here is to not believe in their unbelievable return of invesment that really attracts you because they pay for it.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Kvalentine on November 10, 2019, 06:10:15 AM

I was never a victim of any of the coins mentioned in the article but i was a victim of few bounty projects, the details of any project team must be top notch, and they must be ready to show their real faces on videos as well but this won't stop them from scamming either

I was a victim of centra and it's hard to admit that I totally can't believed that they are scamming since the start, they was able to get support from Mayweather and many popular celebrities that's probably their plan from the start. So we need to be smarter than ever since scammers were too good at hiding and making us believe even when were joining bounties.

Baby Dragon

sr. member

Activity: 896

Merit: 272

OWNR - Store all crypto in one app.

Quote from: huige007 on November 11, 2019, 11:09:12 AM

Quote from: vanjava on November 10, 2019, 06:37:34 AM

I am grateful that I did not participate in or spread the project. this is very useful for me to be more careful in participating in the project.
the link tips above are quite easy to understand.

Pointing out a useless coin is not too difficult a task if the individual holds a sound knowledge of crypto coin market. Glad to hear that you were able to keep yourself safe from the listed projects. Before making any move, the investors must look at reviews from others and ask about the stuff on forums. Anyway, scamming is the main issue with bounty programs nowadays. Be smart with them too.

It depends on the person itself because even if some of them have enough understanding, they chooses not to look for some information that can help them just because its a bit laborious. They don't realize that something like this needs a little effort that is the reason why some of them end up feeling remorse. People nowadays should be cautious because you can't easily tell the intention of others and you have to understand that sometimes you are the one who needs to adjust. You can't just rely on what you think because it might be wrong that is why you need to make sure, you have to be a good observer to avoid falling into some sort of scam. Actually, its not easy because some of us keep on experiencing it. Sometimes its not about the knowledge, its about being resourceful.

huige007

sr. member

Activity: 889

Merit: 253

Quote from: vanjava on November 10, 2019, 06:37:34 AM

I am grateful that I did not participate in or spread the project. this is very useful for me to be more careful in participating in the project.
the link tips above are quite easy to understand.

Pointing out a useless coin is not too difficult a task if the individual holds a sound knowledge of crypto coin market. Glad to hear that you were able to keep yourself safe from the listed projects. Before making any move, the investors must look at reviews from others and ask about the stuff on forums. Anyway, scamming is the main issue with bounty programs nowadays. Be smart with them too.

vanjava

copper member

Activity: 370

Merit: 1

I am grateful that I did not participate in or spread the project. this is very useful for me to be more careful in participating in the project.
the link tips above are quite easy to understand.

Kvalentine

member

Activity: 504

Merit: 25

I was never a victim of any of the coins mentioned in the article but i was a victim of few bounty projects, the details of any project team must be top notch, and they must be ready to show their real faces on videos as well but this won't stop them from scamming either

r_delossa

member

Activity: 490

Merit: 10

I have took part in bounties that refused to pay for hunters work. At the end, we have lost our time and investors have lost their money. Regulations is the only way to defeat such an insane amount of scam projects in our industry.

Morrin

jr. member

Activity: 99

Merit: 1

This is not really a comprehensive list about exit scams and projects that did not do what they promised. To me the, largest list of exit scams in the industry will be found in ICO. There are many ICOs that raised millions of dollars and they are no where to found again.

Dart18

sr. member

Activity: 1400

Merit: 259

No, I have never joined those kind of ICO's or whatever they are.
But, I do joined one which at the end got bankrupt. It is sad for they have like 5k supporters in telegram and I dont know how much more outside that application.
Forgot the name of it for I did let it go easily. How? There is nothing to claim anymore, although they say they might be back for something better.
Most events now have the same thing. I don't really know if it the truth but who cares. I believe in bad karma afterwards.

enhu

legendary

Activity: 2492

Merit: 1018

I doubt anyone right now can get their BTC back from those scams.
The list of coins like PlusToken, Bitsane, Pure Bit, MapleChange, Modern Tech and Centra I think are not very well known projects that were hyped. I'm wondering if the funds they claimed to have collected are real data. $2.9 Billion is really big I wonder how it was promoted. Didn't invest to any of it but almost try that Bitconnect back 2016 except that I listen to the warnings from the users who said its a scam.

henmark

sr. member

Activity: 812

Merit: 272

Quote from: selfkey.org on October 22, 2019, 08:48:42 PM

Exit scams have affected many people in the cryptocurrency world. In this article, we've gathered a comprehensive list of exit scams, and some tips on how to avoid becoming a victim. ❌ https://selfkey.org/the-ultimate-list-of-exit-scams-how-to-spot-one/

Did you experience being scammed in one of these?

What does it matter if I have become a victim of scam in any of those sites or not, it still should not change the fact that I have been scammed and it still would not return my money back, so why would I continue to discuss on projects that has been purely scam to me. Getting scam is virtually my mistake and what I need to become expert on now is how to exactly identify that a project would be a scam before I even put my money into it and not after they must have already scammed me first.

Many investors are so confused about project selection because virtually most methods that has been advised for us to use has been exhausted already, and none of them seems to have a perfect solution, although the ones like researching on projects and the rest way advised has been of help to some extent, but has never been a satisfactory method which they still eventually fail.

Kunotcoin

jr. member

Activity: 109

Merit: 1

Quote from: selfkey.org on October 22, 2019, 08:48:42 PM

Exit scams have affected many people in the cryptocurrency world. In this article, we've gathered a comprehensive list of exit scams, and some tips on how to avoid becoming a victim. ❌ https://selfkey.org/the-ultimate-list-of-exit-scams-how-to-spot-one/

Did you experience being scammed in one of these?

Thanks for the article it maybe useful to anybody. Actually i was not scam by those projects from those list, but the two projects that include in the list was familiar to me it was Centra and Bitconnect. actually i was almost convince by my friend to invest in Bitconnect but it wasn't push through because of personal reason.

expless

member

Activity: 200

Merit: 11

This topic deserves a pump to warn this community.

Aying

sr. member

Activity: 784

Merit: 251

https://raiser.network

We can avoid many scammers now because of all wiser users that are gaining knowledge. but we can't avoid unsuccessful project. even they have quality whitepapers and products if this not gaining interest of the users its very useless. maybe you should list one of those unsuccessful project with low quality products and services. with this we may saw the uniqueness and creativity of the developers and how they could bring it useful for all users.

Reid

hero member

Activity: 3052

Merit: 651

The lists is consist of scams that happened with large amount of money being taken.
I dont see one of my invested scams there.
Maybe you should identify that too. It is not an ultimate list because there is just 5 listed there if I am not mistaken.
It is 5 ultimate scams of all.
Somehow it became a click bait.

Anyway, I learned my lesson. Stay with the trusted ones. Bitcoin, Ethereum and lot of there in the top of CMC.

lolgato1

sr. member

Activity: 793

Merit: 250

You wrote in the article that scams do not have working product. Please show me at least one ICO that has working product. Some ICOs have MVP, but in most cases it is hastily created product that can't be properly used.

bassbity

sr. member

Activity: 1092

Merit: 284

Surely many people are trapped in ICO scamer in 2018, I myself experienced when investing in eCoinomic (CNC) by generating funds of around $ 45M is really big, but the project ended in scamm, where I think again I no longer invest in ICO prone to risk ,

Researching the project to be invested is very important and check the project as much as you can and don't be trapped again by scamer.

selfkey.org

jr. member

Activity: 111

Merit: 1

Self-Sovereign Identity for more Freedom & Privacy

Quote from: CjMapope on October 22, 2019, 09:56:03 PM

Quote from: selfkey.org on October 22, 2019, 08:48:42 PM

Exit scams have affected many people in the cryptocurrency world. In this article, we've gathered a comprehensive list of exit scams, and some tips on how to avoid becoming a victim. ❌ https://selfkey.org/the-ultimate-list-of-exit-scams-how-to-spot-one/

Did you experience being scammed in one of these?

i remember MapleXchange, i never lost there tho, i lost my major coins to QuadrigaCX haha
owner "died" and took the keys with him Shocked

nice article, scored you a merit

Awesome! Thank you Cheesy

We're glad to share something valuable here.

Topic: The Ultimate List of Exit Scams & How to Spot One (Read 339 times)