who is responsible for the scam project - page 8.

Bitfling

member

Activity: 602

Merit: 10

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

In this unregulated market, its hard to find who should responsible when many fraud project and scamming people. Thats why, i think ICOs should be regulated by government because too many scam ICOs this year.

kisfoxs

jr. member

Activity: 289

Merit: 1

I do not think there is, because all this time I have experienced a fraud project and no one is responsible even the gift manager only apologizes. We certainly don't want to get a fraud project and if there is a penalty for being responsible it will definitely be better. And this will be a lesson for all.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

The one who set it up of course, you cannot blame those bounty hunters because they too are a victim of these scamming, who would want to promote a scam project, where you will not get paid also, I got out of campaign if I there was a question or allegations, when there's smoke there's fire.

King Bounty

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Activity: 392

Merit: 10

EndChain - Complete Logistical Solution

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

in my opinion no one is responsible, because when you invest in ICO it means you are ready for the risks that exist and one of them is the ICO is scam and for now there is no law that can punish people who commit scam at ICO, because ICO has not legal.

necromastery

sr. member

Activity: 1414

Merit: 254

Quote from: cryptolidus on December 06, 2018, 05:45:41 PM

The project leaders, founders and co-founders are responsible for scam projects. This is why we need ICO regulations
to make it more secure to invest in ICO s. Failing of an ICO for different reasons is a separate topic.

I think all who are concerned with the project should be held accountable. In fact, the person who posted the bounty or ann thread at bitcointalk, was also exposed to the sap even though he just and only posted it and have nothing relationship with the project.

edmundo

copper member

Activity: 518

Merit: 2

The people responsible for fraud and theft in the industry are those who will want to pry on other's situations taking advantage of them. We all know this industry is porous in terms of regulations and lack of enforcement authorities. It has presented an opportunity for dubious tendencies and actions from fraudulent people floating fraudulent projects just to defraud unsuspecting people. Unless, stark regulations are put in place, this may never change.

cryptolidus

member

Activity: 406

Merit: 10

The project leaders, founders and co-founders are responsible for scam projects. This is why we need ICO regulations
to make it more secure to invest in ICO s. Failing of an ICO for different reasons is a separate topic.

QueenCryptomarket

jr. member

Activity: 100

Merit: 1

I think fraud is planned very rarely. And if such cases occur, then I am sure that this is due to the actions of the creators of the project. I am sure that these are the main criminals and the main fraudsters. I don’t like people who don’t give money back to ICO investors.

Ilmiyati

full member

Activity: 490

Merit: 100

The person responsible is of course the scamer and the core team who are directly involved in making the ICO scam, but because in some countries, the legal regulations regarding crypto currency are still not available, so they are used to make the ICO scam

akunta

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Activity: 196

Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

anyone can be responsible for that. the one who makes such activity is responsible, i guess. or do you mean, who has the authority to punish? in this case, it's almost impossible to get justice. not yet

VK.point

jr. member

Activity: 294

Merit: 1

(https://exip.live/)

In fact, I have never seen or heard the news for punishment for the person in charge of the scam project. Who is responsible? The question should be when the fraud project will occur, it should not be given space. In order not to harm many people in terms of time, money and energy.

anatolij.shishkin

copper member

Activity: 995

Merit: 1

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Unfortunately, there are not enough laws for everything. The more we all strive for decentralization. Therefore, fraudsters calm steal our money. I don’t think it’s difficult to track fraudsters. However, who deals with this issue? I think for many more years we will have such a problem. While someone smart does not come up with a solution.

Asmh85

jr. member

Activity: 182

Merit: 2

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Until now there's no responsibility on anyone, they just collect funds and runaway without penalty or punishment, the ICOs industry will stay like this until the cryptomarket get regulated.

whaawh

sr. member

Activity: 714

Merit: 251

Quote from: paradigmaV on December 04, 2018, 10:49:40 AM

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Sooner or later, the crypto market will become civilized. All processes will be regulated by the relevant financial authorities. Manipulations and fraud with ICO will be excluded, because people will be held criminally responsible. But all this in the future. Today it is very difficult to punish someone. Remember that crypto is a very risky game Cool

However, some projects provide contact information, as well as information on the registration of their projects with government authorities. I think this provides opportunities for filing a fraudster with a court and a reason to claim your funds back.

paradigmaV

full member

Activity: 434

Merit: 101

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Sooner or later, the crypto market will become civilized. All processes will be regulated by the relevant financial authorities. Manipulations and fraud with ICO will be excluded, because people will be held criminally responsible. But all this in the future. Today it is very difficult to punish someone. Remember that crypto is a very risky game Cool

warning_btc

member

Activity: 378

Merit: 11

Decentralized Digital Billboards

I am think nobody responsible in scam project, first of all because its scam.
This must decrease reputation of CEO

Nekoma2018

copper member

Activity: 493

Merit: 13

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

People who are responsible for fraud projects are the devs of that project... this is one of the reason crypto is what it is today.. too many fraudsters

mainthread

full member

Activity: 476

Merit: 101

Quote from: Denmrakk on October 15, 2018, 12:41:01 AM

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

At the moment, we see a lot of fraud, because the market is very weakly regulated. Soon the rules of the game will be tightened and scammers simply will not be able to hold ICO. Many countries are actively developing the legal framework for crypto.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

The one that's responsible for these fraudulent projects are the developers itself.

They intend to scam people and we can't blame the investors, they may be lack of knowledge and research but if they have no intention to scam, no one would invest on their projects. Though there's negligence for investors that don't research.

Felic43

jr. member

Activity: 406

Merit: 1

The reason why i will say is the CEO is that ceo collect all the information from someone and can use it for anything he may even sell someone information.

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