Why people are not fighting with post-ICO scams? - page 8.

cryptoaddictchie

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

The problem is the fact that crypto is decentralized. Let say that the ICO is proven scam, right? The management of that ICO will probably used fake info regarding him and used dummy accounts for their conspiracy.

How can you arrest a guy without a solif identity? Yes we can see his eth address and btc address but tracking this alone will not lead on the suspect so easily.

ICO becomes a problem without legit regulators, though I dont like being regulated anyway. It's up to those investors to take risk if they encountered a scam ICO.

TIP: Be mindful when investing, make sure youre on the same page.

Pithaxz

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I sometimes also think about this with the emergence of ico scam why is there no further legal action? but in my personal opinion it will lead to pros and cons. just as the crypto world has not fully obtained permission from each country and crypto is also very risky. so when we want to sue, it appears again. I mean because crypto is at risk (that's your decision, that's your risk, that's your responsibility) So, it's very important that we as bounty hunters do their best and avoid it if find any indication of a suspicious project.

Sacramentus

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Are you saying all ico are scam or are you referring to a particular ico project? Else then you are part of those promoting this scam projects. I urge you to be more realistic in your findings and try to make your statements more clear. By the I don't see many scam iCOs but am sure there are some out there currently

jhongzjhong

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Quote from: Lakai01 on March 14, 2019, 11:47:57 PM

Just ask yourself why you didnt take such actions against ICOs which scamed you ;-). I think most of us dont feel that it is worth the effort, especially when you just invested your time as a bounty hunter and not a single dollar.

Because it takes a long time to process if you are going to chase them with your investment or a better way to move on and accept the fact that you are scammed just because you do not search it will how legit they are. Since start, we know the risk that we are facing when we invest in ICO. So, let's just prefer the result in the future not all investment getting profit.

omonuyak

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Since cryptocurrencies is not legalized it is very difficult to take legal action against the scammers! I think the icos scamming activities affects the cryptocurrencies market and that is why those people been scam only have to remain in silence and stop investing.

Pffrt

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Who will fight? Whom have you referred? Aren't you one of them? The first fight should be started by ourselves. And people are fighting. Have a look on reputation thread. ICOEthics has already busted a lot of ICOs. Some other people also doing the same.

beerlover

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Understand that the system is a decentralized system which that word alone has already neutralized all forms of legal involvement because these people you mentioned can only come in when government recognizes crypto currency generally and probably legalize it, all the ICOs you have participated in, is there any document binding you and the organization? No.

Also, remember that when it comes to ICO, you are not dealing with your country citizen, you could be dealing with someone in another continent entirely, how you use your country police to do that and the stress of also going through Interpol is high.

Lakai01

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Just ask yourself why you didnt take such actions against ICOs which scamed you ;-). I think most of us dont feel that it is worth the effort, especially when you just invested your time as a bounty hunter and not a single dollar.

Robotbitcoin22

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the ico pattern itself must be changed and also on average all of them are still confused when they want to do a report about ico where there is potential fraud, because maybe the reports in their country still cannot be investigated clearly

kawetsriyanto

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Scam ICO project always becomes the highest risk of investors and all participants in that project.
However, when being scammed, most of them are not aware, mostly, they will notice about it after some announcement or even all kinds of access to the scammers are disappeared.
I'm sure that all investors really feel lost about this. But, it doesn't mean that we don't fight. Nowadays, there is still a very small way to find the scammers, how can we report it to the police? We don't know where the scammers are, and sometimes, crypto is not legalized in the country so many investors prefer not to call the police.

skiorf

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Maybe that is not because people doesn't wanted to fight back against that, maybe people already feeling tired from all those kinds of cheating, so they choose to do something else that could be more promising.

overnight03

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

What can we do? Investment is always risky and we cannot avoid it, especially the cryptocurrency market is anonymous, no one can control even the government and the banks.

Omela44

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I think it is the consequential cost and effort, why so many people are after a scam inactive. As these scams go global, it will certainly not be easy to find the criminals.

taufik123

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it is very difficult to apply the law to the ICO scam and even developing countries do not support ICO. all profiles on ICO are fake and anonymous scams. the transaction that is used for investment is Blockchain, which has only a trace of transactions without knowing the person behind it. All depends on investors who contribute to the ICO, must be careful to choose ICO so that they do not get an ICO scam, further research is needed so that your money is not lost.

radokan

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Because they will waste more money on lawyers and police probably won't find persons guilty for fraud, and if they do it is big question if they will get their money back. And many investors know that when they invest in ico there is very high chance they will lose money.

Cryptrx

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The major problem is that crypto is a faceless currency, most of those scam ICOs hid under the guise of fake identities to carry out their scam, so you can't sue anybody and besides most of them come from different countries where legislation differ.

cryptowolfsu

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Many investors want to forget they were scammed and move forward. There are also investors who fight back
and they are united and bring it to the court. ICOs needs to be regulated ASAP that investors could have some
protection against scammers.

TopTort777

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It is difficult to fight scam, because it is very hard to take scam organizer.
Most countries, where company is registered, doesnt have a law that regulated crypto investment scams.

Even if police arrests the ico owners, then how to sue them? What law they have broken?

sujonali1819

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The OP have indicated an important point. We should start to fight with scam icos. But it is hard for these reason I think. That are
1. Maximum Ico profile was verified by fake identify for that find out them does not easy.
2. Secondly Many country is not supporting crypto. So they don't try to take the case. Even The complaints can be arrested for using crypto.

Ararbermas

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Quote from: sorrros on March 13, 2019, 11:20:56 AM

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

no mate ico's are not created by real profile especially if the real intentions behind is just to scam ppl.. If you make a research you are able to determine it. which the fact that mostly are using fake identity reason why ppl are preferred to be silent because complaining is always useless.

Topic: Why people are not fighting with post-ICO scams? - page 8. (Read 1047 times)