obviously, developers must be responsible for the losses suffered by investors, they must carry out missions according to the writing in the whitepaper
but this is the disadvantage of an unregulated investment model, where there is no agency that regulates ICO, so developers are easier to commit fraud, and of course this is the thing most crypto communities hate most, because the name cryptocurrency will be a bad name in the eyes world
Topic: who is responsible for the scam project - page 12. (Read 26193 times)
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
It is difficult to prove the fact of fraud if you received tokens. Issuing them is not a problem. But what will you do with them if after ICO the cost of these tokens is much lower than at the time of purchase? Developers will offer you to wait until the price rises, and this will continue forever. 
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
That responsibility belongs to us. No one forces us to participate in ICO projects, so if we encounter scams then we have to accept, investment is the risk and risk we can't avoid. However, I hope that there will be an agency that sets strict rules for ICO to limit the risk of scam 
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
If an ICO project turns out to be a fraud, then its promoters must be made responsible for it. Those who manage the social media channels and the bounty campaigns also must be held responsible, unless they are able to prove that they had no idea about the criminal activity.
Mosenicheskie projects are very often organized with the connivance of the authorities. Then, when it is necessary for the project to declare scam organizers for a certain share of the collected funds, the authorities are asked to close their project and everything becomes excellent. Suckers without money, organizers and authorities with a good profit.
I think it's all some guy named Jeff. Jeff puts together all the scam projects. Go away Jeff you're not welcome in the crypto space anymore!
Do you know him ? If so - reveal information. it should be helpful for some people here. Btw, in many countries absent responsibility for
fraud actions with crypto, police not considering it like felony
In addition to the administration of the project there is no one to blame be careful and pay attention to the administration of the project opened its faces it gives confidence in the project !
I think that we are all partly responsible for this. People who succumb to deception, in some way provoke fraudsters to deceive themselves. We must combine our efforts and not pay a penny of scam projects.
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
No one will be responsible for it. Even the project managers colluded with the project owners to cheat us. Twogaps is a typical example. It is a Vietnamese team that manages ICO projects. They managed the successful Bitnautic project and now they have removed the spreadsheet and not let us see it. That really made me sad.
That is like asking who is responsible for robbing a bank. Basically, the responsible ones are the robbers, sometimes also the bank if they did not exercise proper caution in the fund keeping.
Yes, it is very sad situation. Scam projects occupy the most part from all ICO. They raise money, deceiving the investors. And then they disappear also nobody not to a mozha of nothing to do with it. It would be very desirable that the solution of this problem has in the future appeared.
Indeed, the situation being raised here wasn't good enough to think all about. Scam projects will no longer exist if people will be more vigilant in choosing their project to get involve with. We must act independently and always maintain a stronger faith with your every decisions.
Yes, it is very sad situation. Scam projects occupy the most part from all ICO. They raise money, deceiving the investors. And then they disappear also nobody not to a mozha of nothing to do with it. It would be very desirable that the solution of this problem has in the future appeared.
Should we really be looking for someone to blame it to?
Is that question the right one?
Why not ask how to stop thid kind of scams or just how to prevent it?
That is all we can do if they are good in hiding. Newbies should be warned even before they have the idea to use their money to buy ICO tokens.
Is that question the right one?
Why not ask how to stop thid kind of scams or just how to prevent it?
That is all we can do if they are good in hiding. Newbies should be warned even before they have the idea to use their money to buy ICO tokens.
In an place where there is money to be made and a lot of newbies who have no idea what they are doing, there is going to be scammers looking to make some easy money at someone else's expense.
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
That depends but typically the fraud is set at the ICO board members and identifying the right culprits is difficult. Regarding what would make a fair punishment I think liability to damage incurred by the victims plus a deterrent fee.
There are 2 categories of people responsible for scam- founders and promoters of scam.
Advertisement and any collaboration even adv on etherescan hurt innocent people.
Advertisement and any collaboration even adv on etherescan hurt innocent people.
Rarely there are cases when you can punish Scam projects. In addition, many work in countries where cryptocurrency or ICO is generally prohibited. But sometimes you can find news that the company is called to responsibility and oblige to pay all investments.
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
Fraudulent projects are the responsibilities of scammers. There are so many of them and most times they do not show their real identity. They sometimes impersonate others, by using their pictures and fake profiles.Scam projects always bring huge losses to their victims and they will not be able to recover it back.
Talking about the punishment that can be meted on them. There are several punishments, if only they can be caught.
Now it is more difficult to hide from punishment for fraudulent ICO than before. I even participated in one project, the CEO of which was arrested by the SEC
It seems to me that you mean the ICO of the tesh. If yes, personally I holded these tokens and it was an unsuccessful experience. But the question is if SEC arested the director, why they do not return the assets to the investors. 
Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
the name alone is fraud, have you ever found a fraudster who has a person in charge. I think your question is wrong. in an ICO the scam there is sure the people disappear. and cannot be questioned about his responsibilities Jump to: