Bitcoin Forum

The best advice to anyone considering investing in any ICO or project is to think carefully before parting with your money

I have enough PMs from all sorts of alleged coders who can create the best of the best but all of them have been scammers trying to take money, many asking 25% in advance without any real contract and with no recourse or protection for the investor.

One of the biggest flops was valduz10 purporting to be a coder who will make an exchange for $5000. He offered nothing in contracts and wanted the 0.25 BTC immediately to make a demo site which he would show after 3 weeks. In the final part of the "project" he wanted several thousands to go to CPC and CPM sites that he claimed to have coded which would advertise banners and had some google-dream up his sleeve too. Upon realising his scam was outed, he resorted to name calling like "boyo" and "wierdo".

Another was AikFrank, a Nigerian who wanted 5 BTC to make a Visa card associated with bitcoin wallets which he claim he coded from scratch. He insisted on chatting in a private Tawk.to box rather than leave evidence here in PMs. He claimed he was going to get free hosting but asked for money because he was working on the project full time for 4 weeks. I advised him to change the free adminLTE dashboard and show me a tangible product but then the truth unfolded. He now claims he sold the "company" to a UK company. Upon rumbling his scam he resorted to name calling such as "ghost" and "time waster" both ironically could be applied to himself  :)   https://bitcointalk.org/index.php?topic=1931218.0 (https://bitcointalk.org/index.php?topic=1931218.0)

There are more but the moral of the story is... Too many scammers here. Some must be making a tidy sum every month by ripping people off, like a salary without actually having a job but happy bringing pain to investors.

Yup, there are TONS of scammers on this forum... But who are you to blame them? They need money, so they chose to scam people for it.
I don't think that scamming is good, but it's just a choice they made. We should just avoid trading with them and ignore them for the rest of their lives.

Anyways, there are also a lot of legit ICOs which are worth it to invest in. I think people should just think a bit better themselves, before investing.
There has been so many threads saying stuff like this, but yet people are getting scammed every minute.

Regards,
Trump

 Look here about the Polybius & EmerCoin Scam: https://bitcointalk.org/index.php?topic=1970796.40

many ico are scam its the new way to scam huge amount of money..
its sad the forum is full with scammer..i know mod tryin to do a good work. bt left a neg trust to a scammer is not enough

This is nothing new. When value is involved there always be scammer or thieves who want to steal your money. Just be careful with your money, doesn't matter if it's cash or crypto currency. Always do your homework when investing into something.

The projects you listed are small time projects, I think the bigger issue is that its hard to tell from big money ICOs if they are a scam or not. Those small projects are easy to avoid but unfortunately some idiot will always support them anyway.

@Panda Trump
Yes you are right, there are lots of lCOs that have no intention of scamming but picking the right ones out is difficult. Personally, I do not do ICOs as I see no need for them. If someone believes in their altcoin then they should not need to premine and should not need ICOs

@lockept93
Thanks for that link :)

@DOMAINBROKER
I agree. There are too many scammers here but how can moderators filter them? Sadly it is a near impossible task

@xFiber
Totally agree. Doing research before investing is a must however most scammers here like to play a long game of reeling people in over a period of time before scamming them

@caldero
I agree the ones I listed are small scams. Moving on to ICOs, I go with the notion that all are scams and keep away from them. And yes, unfortunately there are always people who fall prey to scammers but I prefer to call them victims rather than idiots because the scammers have fooled them and preyed on them before robbing them. I lost money in Cryptsy and consider myself a victim of fraud

i dont know how you can trust someone from nigeria? most of internet scammers are from nigeria.
most of them use dating site to scamm white women

@jollygood may be they think you are an old guy who has money to waste thats why they ask alot of money. ;D

 ;)

Yes maybe but so far no one received a penny from me. Many dreamers sending many messages asking for money but when it comes to showing something tangible they make excuses in the hope getting some money or in the event of the bitcoin visa card scammer, he went so far as to give an URL with adminLTE which he claimed he coded from scratch. What a time waste.

I agree, there are ICO's which dont tend to scam and do have really a serious project but the really main problem here on selecting which is promising and we know its not easy specially when you are a complete newbie on this field.If you are really interested on joining ico then better to know the basics and even the recommended things that should be considered first before jumping in.

The moderators will only get involved when sufficient proof is given that these members are involved in scams. Nothing will stop them from creating new accounts or even buying accounts to hide their real identities. You cannot expect the moderators of this forum to prevent this from happening. People should just report the scammers here, https://bitcointalk.org/index.php?board=83.0 and help to identify the people behind this. Other than that, people should use common sense and not pay people in advance for any service. If you have to pay in advance, use a reputable escrow services and wait for these people to show results, before you release any payment. ^smile^

Because it is more difficult to set up a proper and legitimate business for profits, than to ask for investors and run away with the money. Less effort, more profits, who wouldn't want that? Of course it is wrong, and even the scammers themselves know that.

I never invested in ICOs before, as I think the altcoin market is quite saturated already, and you never know what will happen to that coin in the future. Sure, if the ICO turns out successful, you may easily have 1000% profits, but if it drops, you lose everything.

In the online world, sadly we have to, for ourselves, learn to distinguish whats scam and whats not, and I think this is a valuable skill in the online community, so stay safe! Holding your Coins in a desktop client would be the safest way to go. :)

You know nothing about web development, when you keep on saying LTE just made me believe you know nothing







What prove do you have that the whole project work and license was not sold?


To me, you are just seeking attention here. I have refused to respond to most of your questions cos i just believe you are a big time waster, you have nothing, you just seeking attention.


You said i requested cash from you, pathetic.

You are the ghost. You said you don't have skype, that you are always on whats app that's its too early to start sharing phone. I was very open and straight forward just to get your trust. Instead you just had a Mission








This made me believe you absolutely know nothing, YOU KNOW NOTHING! So a project manager will tell you he is using free hosting for his project? You are a time waster!

Like i continue to say, you have nothing, i was just smarter than you, but your voice was louder!

There were some technical questions you were trying to ask me which i was not comfortable with, and thank God i didn't answer them, i only wanted us to sign a deal first before exposing more of the business secret, like Company issuing cards and more.

When i knew you are a big time waster. You told me on chat that you would be investing 10BTC, ( I never requested cash from you, the agreement was for me to complete the whole project which i agreed to, and i said between 3 - 4 weeks which we ended chat with, and we talked about signing some contracts)


and after 2 days you came to the open and said the following.

"I was one of the ones who has seen the under construction demo of this project and can say that though the idea has potential, I have concluded the development has been very slow and cannot recommend it to anyone either. I have decided I will not be investing"


How does that relate to what we have discussed?

Since you were the one who contacted me and gave a rubbish public view, then i decided to give the project to those who i think will make it better. What's your pain exactly?

1) That i cannot sell the project?
2) You wanted to join the site and use it and am not updating the thread? (cos i know you have nothing)
3) That am black to be more knowledgeable than you?
4) That i won?
5) That you are a looser?


If you quote me or any of my thread again, i will be back.

@carlfebz2
Yes the genuine ones are probably backed by those people that have been here for a while and have some status. That still does not make it a viable option to invest, all it means is that the chances of them being serious to the project will be better than say dreamers who want to create bitcoin related visa cards and so on who prefer to chat on Tawk.to rather than here as it leaves no evidence of the conversations.

There will always be good options to consider but it is the projects that are a fraud from the word go that are created as a mirageof a real project but only want to steal your money that are the ones this forum cannot stamp out.

@Kakmakr
That is a good place to let people know about scammers and yes I understand moderators cannot remove fraudsters. I hope these fraudsters such as the Nigerian bitcoin visa card one and the one who wanted 0.25 btc to start working on a demo that was to be presented to me after 3 weeks for me to decide if I want to invest or not are ones that are hard to filter out by the moderators but they play the long game trying to get friendly to convince you that they are legit but they have only one thing on their mind: to steal from you

@EXtremeAEX
Nicely said about staying safe in an online world. After losing some coins in Cryptsy I have nothing stored on online wallets any more. I guess you are right in that just keeping safe and staying away from scammers in this place is in itself an art. I agree with you about the altcoin market being saturated and making profits in the 1000s% is possible but so could the losses. Nice advice, thank you.

AikFrank and valduz10 have been rumbled so beware everyone... I would advise to keep away from them

AikFrank wanted money as he said he did not eat properly for over 4 weeks and had to pay bills but because he was working full time on this "project" and he needed some money. I explained to him that after 4 weeks of working on it full time he should have at least has something better than a free download of adminLTE as his base. He was surprised I clocked his bragging about coding the site from scratch then he said he was a developer not a designer (yes, make of that what you will!). I explained I would give nothing until I saw a tangible working website or one that was nearly completed.

He used adminLTE for the admin but had nothing in UI to show for the customer UI where users sign up and register. Absolute waste of time, fortunately for him I was open minded and gave him the benefit of the doubt and said the site had potential but when he told me he had not paid bills nor eaten for over 4 weeks as he was working on this full time and he wanted money to support himself, I just had to laugh. He had no idea about legal fees for contracts for investing or selling and now claims he "sold" the project to a UK based company...

In the world of money, it is inevitable to have lots of scammers. People who would take advantage on the less knowledgeable and rob them. thank you for alerting other people with this. Scammers are really everywhere so we should be extra careful who to make business with. There are legit experts here tho whom you can trust and can ask to.

It has been a pleasure highlighting these scammers, it has been my duty to alert others to their scams.

You are absolutely correct and adding on to that my advice would be avoid ICOs completely but if one does get tempted to pump their hard earned cash in to it then surely they should only consider investing after checking the feedback and profile on the forums of those behind the ICOs.

For those being bombarded with requests to enter in to business with them, I would reiterate the same advice. Check feedback and never ever part with cash until or unless you see tangible evidence of the capabilities of the coders such as a URL.

And also we cannot erase the sad fact that this furom has been splendid by many scammers around since at first place this furom is so popular whenever we talk bitcoins and I think scamming incidence are normal here so we should try to be care and be aware on what to do so that we can avoid to get scam. So before dealing with people its truly the best to seek for background checking or find a trusted middleman to handle the money for risky transaction.

Reputation used to be something you could rely on when dealing with people. However, now even Legendary accounts can be purchased so this is not a solution anymore.
However, using ESCROW for any transaction over 0.1 BTC s something I d definitely recommend. There re even free ESCROWS here and if the other party refuses to deal with ESCROW, well you know what s the problem then.

I haven't made an investment in any of the ICOs so far but yes I have bought bitcoins from members of good repute and my experience has been good and the deals have been smooth and successful. But just like some of the senior members said it already that even accounts of legendary members are sold and might be used by scammers so we need to take extra care while buying and selling anything on here especially when a good amount of money is involved.

@arwin100
Ditto... you are absolutely correct. Thank you for the good advice, background checks and hopefully middlemen are essenital before trading.

@crazyivan
I agree in that those who refuse an esrow here are not worth investing in at all but I would use an escrow for any amount not just the 0.1 BTC that you recommend. The ones who avoid escrows probably have something to hide and are better to saty well away from. As for Legendary accounts being sold that is so true. Do you know what the going rate is?

@Adbitco
Yes taking care when dealing with trade is essential. It would help if the Legendary accounts are not allowed to be sold on but sellers and buyers exist everywhere.

I am not sure there is any evidence about what you claim or why you came to that conclusion. Having said that I have no intention in getting in to business transactions from anyone unless I see them face to face in the UK which is where I am based.

The problem with that is Bitcoin is pseudo anonymous for a reason, it protects people financial privacy. You will find that a lot of people are not

using anonymity to hide criminal activities, but just to protect themselves. I use mixer services to keep my financial matters private and for no

other reason, but some people might opt to use them for the wrong reasons. This site and this technology will have a bit of both, but money

bring out the ugly in people... so I would rather stay anonymous.  ;)

When hiring a dev:

Use escrow
Check references
Get multiple bids
Have a scope of work

When you run into a scam, report on this sub-forum: https://bitcointalk.org/index.php?board=83.0

@Kprawn
i agree, money does bring out the worst in most people but thankfully there are SOME good folk out there  ;D
https://malialitman.files.wordpress.com/2015/06/trump-funny-hair-two.jpg


@cloverme
That is good advice you gave, thank you. I saw SpacePirate.io under your avatar so decided to give a browse. Nice idea, wish you success with it.

This world is like that. Its our responsibility to enquire everything about a project before investing money into it. If they scam us ,only we are the sole responsible for it. After all we are humans and its human nature to be greedy. I am not telling all are scammers. But 60% are like that. So before investing money we should think twice and if you are so confident then think of proceeding further.

Thank for warning us. this happened to me last week when an user asked me 78btc to provide me 5 Bitcoin ATM in Trinidad. the first thing he asked what is your name Sir and how old are you? and after be told me he likes working with old man.

 ;D

It had scam written all over it. Well done for not getting duped

It is really painful when people take your hard money away. It is sometimes difficult to know in advance wh is scam or not. I rely on close friends who have made close and serious experience with a company first before I chose to gave them my money away.
This network is not a scam and it does not cost too much to join, less than 0.05 bitcoin and the opportunity is a lot. www.ljbmoney.com

Even kids will able to identify that it is a scam and if you are dumb enough and dont have commonsense then you will surely fall out on this attempt.We do know there are lots of people on online world would do anything for the sake of money thats why we should really be vigilant and keep reading on veteran members here on this forum regarding on their advices it will surely help you a lot.

I just browsed the scam section after a couple of weeks and noticed the scale of scammers is as intense as ever.

Too many of the 'coders' plying trade here are liars and scammers that have one intention only. They will try to talk you in to parting with your money and after promising you the best project in the world they will let you down and drop you as if they were holding a baking hot potato!

Be careful, do not part with your cash unless you can find reputable people to vouch for the people you intend to give your money to.

 ;D Claims to have been taken over by a UK company: https://bitcointalk.org/index.php?topic=1931218.msg19636556#msg19636556 (https://bitcointalk.org/index.php?topic=1931218.msg19636556#msg19636556)

Good advice, thank you. I have now seen that many Tom, Dick and Harry are pushing their coins and concepts for ICO.... most are dreamers and timewasters that fizzle out when they realise they have to cover holes in order to prop up their scam and investors just are not buying in to it.

I do agree with you that there are some good concepts out there

i think the scammer as my opinion as a newbie,.. scammer in this forum give them a punishment according to the rules of regulation in this forum,.. i suggest all member be carefull for our safety..

Here is a pure non-scam ICO soon coming

Watch out for more information and details in the coming days... MAY THE FUD BE WITH YOU !!

https://preview.ibb.co/gfMhSv/fd1_Copy.png

ICO = scam

If you somehow managed to survive till an ICO's launch and still do afterwards it is because the scammers haven't decided to rip you off yet.

Are real people buying in the crowd sales of ICOs? How do you know? Got any proof? What if the creator lies about the buyers and all he does buying his own coins?

ICO = worse than altcoins.
Altcoins can be scam or honest, ICO's can only be one thing=Scam

Apart from ICOs there are so many people sending PMs claiming to make websites and apps, trying to reel gullible people in to their scam and after the payment is received they vanish. Disgusting thieves...

There are however very good ideas arouns these forums so not all are scams but I agree with you in general ICOs are more or less scams in most cases that pocket the project team. Monaco Card raised $21 million and still have not got paid staff to monitor online chats at various forums, nor have they even received accreditation from VISA right now. not saying it is a scam but not saying it is not, ahem.

ICOs are always good for project teams and not always good for investors

I am really supportive of your work, it will help any reader read this article, they will be more alert. An extremely interesting article. I hate haters so much, they make me scorn.

Thank you. Research before you invest... that is my motto...

yah Lots of scammers around why? because it is easy to make ICO website in just 5 Steps search that in google only to learned not to victimized crypto noob  8)

Look at my trust ratings page.

I had one today who thought he could blackmail me.
Reported it to the admins, and I am waiting on their response, if I get any.

Watch out people :)

AikFrank going to launch his ICO this weekend. i dont know if it the same project , but something similar to mona.co

 :o

Oh Jeez.... this guy is one to keep well away from!!

How do you know this?

There are scammers everywhere so we should really be careful.
It is much more easier to scam in the crypto currency because of the world wide transaction happening in just a sec and the anonymity of the transaction.
So be really careful in investing your money.

I don't touch an ICO unless the company has a website, whitepaper and is incorporated somewhere and i can see staff photos on the website and verify the team members

I agree with your statement. There are several ICOs and pre-ICOs going on where potential investors have asked about why the website or whitepaper does not have full names and details of the "team" but they do not reply to those posts.

Because bounty hunters are sending out social media posts and thread replies in the hope of lining their pockets while showing ICO avatars, they use usual nonsensicals such as "great ICO" and "I am looking forward to it, great work" and "I trust the dev"

Too many scammers around

Example: If we joined a campaign by project scammer creating but we don't know that. Can say we are become to scammer like them?

Really very difficult for know this project is trust or scam. If have a ways can know it, I hope anyone in this thread tell me about it. Thanks!

The OP gives two examples of tactics used by scammers.

The best thing is having own team. Hiring someone online is very risky for both the project and the money you will pay him.

Agreed but the issue of scammers reeling in their victims by deceit and then asking them for money before running off is very common.

I agree, there are tons of scammers here on this forum. Not long ago another blatant scammer (Windpower) got caught and had his account negative trusted as a result. The only problem with scammers is that by the time they get caught, they will have enough money to buy another account and continue scamming. There is no real way to stop these people unfortunately. The cycle will just continue to go around with no real end, until the scammers themselves stop.

In many cases surely the scam has netted the scammer more than enough to do more than buy just another account. The scammer I dealt with said he had not eaten for days and was working on the visa card project full time. He said he had bills and rent to pay. I told him he needed to provide something like a working website for me to consider investing. Even though he used a free adminlte template I gave him the benefit of the doubt but he was a scammer who no doubt would have duped lots of people. When I made it clear I would be investing and posted on his thread, one day later he closed the thread saying he sold the 'business' to a UK based company...

The best way to get involved with a dev has to be via someone with excellent history recommending someone. One of the ones to avoid are the ones who pester you with PMs instead of posting in a dedicated thread.

Yes I agree with you, There are always some people who are so ignorant, who will always participate in an Ico. whith out checking out for details. People do not just grow up. I can see this trend in my country. The just are fools in crypto business. I wish i can just flog them. Sorry for saying like this. But if we do not participate in scam ico. we will win this war.

A lot of people say ICO's are scam but which ICO's have been completely verfified to be a scam?  Like 100% confirmed, is there a list somewhere?

What's new about this? I mean almost all sectors of the world there are lots of lots of people taking advantage of those who have no knowledge on what they are entering. The.key is to educate yourself and be observant enough, do some research and evaluate things properly to came with a good decision.

   Nothing new about this, there is a lot of scammers, that is a cancer of this world. Internet is paradise for scammers! In real life scammers
needs to look in your eyes and lie, that is not easy. On internet people can hide many things and scammers are using that.
   I am advertising one ICO, I invested my own money in that, that is not some guarantee I invested cause I believe in BitDice. Before I invested
my money I checked information`s about BitDice casino, their owners, community, I searched a lot for other people opinions. Who ever plan to
invest in any ICO should do the same.
   In beginning nobody could guarantee for bitcoin too, now it is same with ICO`s. Some of them will be a really good deal, others will be scam alt-
coins.

nothing new ,

look at this guy https://bitcointalk.org/index.php?action=profile;u=1067731

https://bitcointalk.org/index.php?topic=2047900.0

raised alot of money and disapear

Total CBET token sold:
17 543 782 (84% of total tokens)
why not open a scam acc against them?

Very sad to see another scam. Lots of investors will be out of pocket again.

It's frustrating to meet such people. Because it's a waste of time to deal with people like this. Some are surely not even developers, etc. Coming from this forum I am not surprised sadly. I had a good laugh reading the OP :D I hope you will find better

I believe to avois this scams is to simply be careful, read before you decide to join or invest. Be critic on everything, find out the basic requirements that you have to know about the ICO, like how it works by reading the whitepaper, ann or even the reputation of the dev itself i think by that you can surely know what you are up to.

Who says polybius scam? proof bounty I've been paid by polybius

Thank you for those advices. Much appreciated!

Guys, thank you for advice. Is there any list of scammers? They might try to launch new ICO , and newbies won't know (like me) if they played "ghosts" earlier.

That's the usual thing, nice coins are always there who want to drop it. this is bad politics, he will get a cheap price with the scam issue he made.
Many ways to earn money, but this way is an unfair way.
stay positive.

My advice To avoid fraud in ICO projects Check team background, look for transparency, work experience and signs of their emotional maturity. if there is a lack of business experience in the core team, how they will overcome difficulties or big fund raises (emotional maturity is needed here ).
There must be a definite 'need' that is fulfilled, the market with solutions and ideally long-term vision must be clear and profitable. Read their whitepapers carefully, see the roadmap and check the currency industry and Blockchain addressed.

I think it's pretty difficult to reveal  the real team's background. It's easy to create a fairy tail abou tthe person in the internet world... How to be sure that the person is from real life and isn't an ex-defrauder?
 

I think a big trust signal is the transparency of the ICO - if the thread includes links to peoples LinkedIn profile, twitter accounts (that have existed for a while) and other legit social media profiles, than that is a sign that there are real people behind the ICO, who put their identities and reputations at stake for the success of the project. That might not make scams 100% impossible, but at least, you will see that there is an actual existing person behind it.

Unlike, for example, the recent fraud ICO "Lust", where they posted a nice set of pictures of the "founders" (without any links to profiles), and, of course, it was quickly revealed that the pictures are from a stock photo site and the ICO was a scam promoted by hacked accounts and bots.

I see, it can help, thank you.
ICO with title "Sherlock" - might be interesting for Crypto - people ;)

I agree but even then scammers are well on top on their game and use stock photos to show faces and add names of the "team" as well as using fake social media. This is a sad fact.

As an experience scammer you would really be meticulous on this stuffs since you are trying hard to convince the public and do deceived their naked eyes on the true purpose. Using stock photos and name would only work on the first attempt of scamming but if people are already aware on those names or images then they are already alarmed and they do already know on the thing they should do.

It's obvious that there are a lot of scammers on the forum. Thousands of people come here to look for the best project to invest. It's a perfect source of naive investors who are easy to fool.

Everyone should just realise that an investment is always a risk. Make researches. Maybe even look up for particular ICOs on special sources making overviews. Just important to be smart and make into trusted projects or be brave and take the risks :)

There are many of them, and we cannot really avoid and tell who they are. But I feel so sad for them actually. Because all they can do is to scam other knowledgeable less people. I can also consider them as a fools actually, because they are cheaters hiding in their smart stupid words. I think they cannot make a profit without their skills on lying. And I hated all of them. And thank you for the information, now we are more aware on them.

That is why we always need to be careful before we invest, and before we put our time to their lies.

very good post, people have to be careful will those new companies :-\

Does anyone have any update about CBET? Have any investors reported them to the police?

I completely agree with you - in any case, I don't see that scammers are pushing and forcing to invest into their projects. It is completely your decision to invest or not invest your crypto currency. Of course, people should analyze ICO projects and choose only real and perspective ones.

Easy money always attract dirty people.
But there is a hope that some ICOs are still going to realize their ideas.

We have to pay more attention to ICOs which did already something real for the project (software, hardware and so on) and doing ICO to continue, not to start.
Usually they have immediate and exact answers to any question regarding their project in opposition to scammers which tell too much common words about nothing.

Indeed, third party or middle man which provides escrow service will be better than nothing as assurance or anything as collateral.
But, there are a lot of ICO that doesn't use escrow for their crowdfunding, if the project fail, there's nothing you can do about it but only complain which is just a waste of time. In other words, do not invest on random projects and just invest some money that you're willing to lose.

nowadays phising activities are out there, so guys beware of them lots of lots of people accounts are being infiltrated by this peoples. i suggest to be vigilant and check the domain so you will not be the next victim of them, you don't deserve it neither of us do. we all have our sacrifices and hard works to earn in crypto industry.

Should this thread to be moves to scam accusations?

The mods can move it if they feel it is on the wrong place. I do not mind.

True. But in the eraly days there are lots of scam ICo, through time it is lessened because the moderators are not letting any scammers here. As to the real world rules, if I'm not mistaken the Chinese government banned all of the illegal and not a legit ICO so it is a great help for us because in the future all the ICo will be a legit one and the only thing that will be worrying about is whether if that campaign will reach the soft cap.
I hope that all of the upcoming ICO will have a good name in the future because it's for the general benefit of all cryptocurrencies.
Don't let them give crypto a bad name.

Warning is much appreciated.
Had to deal with scammers several times in my life previously. My recommendation is never hurry with any decisions. Also, not to deal with people who don't have confirmed profiles on different places.

The main idea is that ICO - is so young as a business, so, there are many scammers who wants to receive easy money. :-[

This will not last forever.
This system will regulate itself otherwise it will be dead.

I really agree with this, there are a lot of ICOs in this forum that are only created for scamming, i see them everyday just because i am always watching the Altcoin section, and it is plenty of them. Also there are a lot of new icos everyday, i can not even count them, but most of them dont success, and become scam.
I dont invest in icos, and that is the only reason of why i dont lost money in this kind of bussiness, it is too symple, just dont invest.

This is good way but there is still no one who won but did not play. Who never try will never win.

90% ICO scamm and most of the bounty manager are scammer too because they promote those projects.

To be frankly, it's very hard to determine, whether the prelaunch/new ICOs are running by scammers or not.

The only thing we can do is try to gather as much information as possible, before jump into a project...

All things are dependable on which way you will go but frankly speaking your right with that since if you won't risk and play you cannot earn with them but you should now on how to escape so that you will not be killed when the dump will be happen on some ICO coins there. And we should go on Potential ICO and not those shitty ones who just been placed just to scam us.

Scams here can be significantly reduced by introducing certain restrictions such as newbies not being allowed to use the PM feature. Then from there, more scambusting features would be useful if put into effect. An example would be not allowing newbies to post on certain sections such as the lending page (or allowing them but forcing them to provide collateral information).

What else? Oh yes, there are tons more. For example, a filter system which blocks posts of new members which contain the words PayPal, Skype, phone numbers, website addresses and email addresses.

That might be a little too extreme. Surely there are better ways to manage it.

But the question is? Would those restrictions would be implemented? I don't think so that they would put those restrictions.You are right most newbies do really making some crime here but also thinking off even on higher ranks do the same thing too specially on bought accounts which they tend to scam some people on here being deceived on their community rank and as a member of this forum if you aren't observant then for sure you will got scammed.Trust no one on this online world because anyone could really scam you.

Unfortunately the internet has always been a hot bed for scammers. Sucks but they go where the easy money is and they see targets here. Wish it weren't the case.

Scammers are many not only in this forum, scammers are many everywhere. The only way to be not deceived is to be careful.

Nowadays people like to get easy money and scammers are lurking every where, and the way to scammed people is keep on improving

Ico scamming is one of the favorite way to scammed people because all the information got is based on trust and there are no way yo check whether it is real or not and it is hard to tracked down the scammer, the beat way to avoid this things is stay away from ICO, although the profit sometimes can be very rewarding but the risk is extremely high

The thing about scamming is that it has become more of a profession for most here. A full time 9 to 5 job, 24/7/365 even for some.

It's what differentiates us humans from the rest of what's alive on this planet. A calculating, manipulative and envious species. We calculate to own what others own. Manipulate people in sophisticated ways to separate them from their rightful properties. And we have an envious and jealous predisposition. Unhappy to see the Jones's ahead of us by the most recent iPhone model, by a $10k higher bank balance, by better and faster cars, by fatter bitcoin wallets..

Actual hard work is bad news for some people. Nowadays easy money is everyone's secret mantra. Even the most humble and righteous and corrupt-proof man, if such a specimen exists, on this planet will break and cave when confronted by financial storms and desperation. Money makes this planet rotate on it's axis. It is undeniably the source of all most evil things happening to mankind but this is the reality of life. Everyone needs money.

There will be scammers here for as long as bitcoin holds value. When the price of bitcoin drops to a cent per coin, watch how deafeningly silent the scam accusations page of this forum will be.

For us unpaid scam busters, it's the same.  We have to put in the time to catch as many as we can.

I have been logged in for 196 days, 8 hours and 59 minutes.  :(

Hey man do something about yahoo, he is going down a dark path and making this forum an unenjoyable experience. Any company which doesn't accept him as campaign manager he tries to ruin their reputation using alt accounts and spamming and shilling until they have no trust left, and he also gives negative trust for no reason. Look into it and you will see what I am saying.

Agreed but sadly investors in CBET and other scams thought they were safe too

I think alot of people are fake it until they make it kind of people. So they have good intent even if the project might fail. But, then there are no shortage of people who are just scammers here. So that definately has held crypto back

I just wanted to share an experience here. Few days ago someone almost hacked my account. I was waiting for a message about a payment, and this person sent me a message related to it. Before i didn't have too much knowledge about it, i clicked the link and it asked me to login into my account and i did so... Because i noticed it fast, i managed to change every single detail from my account and get it back, i was very lucky. So everyone be careful and if you are not waiting for a message and you receive one, do not open any links.
Someone tried yesterday to do the same thing again...

If you do not take risks and play, you will not be able to do it
get with them, but now you must how to escape so you will not get killed when the exile will happen. Unfortunately the internet has always been a hot bed for scammers. Sucks but they go where the money is easy and they see the target here. Hopefully that does not happen, Warning is greatly appreciated. had to deal with scammers several times in my previous life. My recommendations are never rushed with any decision. Also, do not deal with people who do not have a confirmed profile in a different place.

This is another side of anonymity. People do not feel a responsibliity to their actions. I think that scammers and crypto will always be together. We will have a new generation of people who do not trust each other.

As you can imagine, wherever there is some money to be made/had there are scammers. It is to be expected. And ever since bitcoin became interesting for trading, there have been scammers. Unfortunately there is not much that you can do about it. Just exercise healthy amount of precaution, double check before you do anything.   

There are a lot of scammers out there, and i think that this is nothing new at all.. and most people are here in this forum since all is paid on bitcoins or altcoins, they just take advantage of it. a lot of people are scamming through the digital goods section, and most of them get scammed when they try to buy bitcointalk accounts, this is ridiculous, maybe they diserve to be scammed, but they all fall in the same scam, buying it without escrow, or by those pages that have autobuy.

Everyone needs to remain vigilant before parting with their money or altcoins - simple.

Big scammer are in the altcoin section.

Ziber was one of the biggest scammer on this forum, more than 50.000 eth
Crazybet more than 19.000 eth
many new newbie from facebook invested in these scam sites.

and there are many scammers here and people still invest in these scam site


look at this thread , with some fake profil , they raised 3.000.000$  https://bitcointalk.org/index.php?topic=2220700.0

In the world of money, it is inevitable to have lots of scammers. People who would take advantage on the less knowledgeable and rob them. thank you for alerting other people with this, scammers are really everywhere so we should be extra careful who to make business with.

 :o

Scams galore unfortunately. 19,000 ETH by CrazyBet is just unbelievable. The scammers are laughing because they successfully ripped people off but investors that are out of pocket did not deserve it.

Whenever I heard of Nigerians making business, I'm sure that they are going to scam you in the first place.

Yes it definitely has become a full time business for some. When I read articles on various websites about the number of scam ICOs it is unbelievable. I just feel sorry for invetors that got duped.

Yeah, you can find a lot of people here who are intersted on taking your money, but better do not trust everyone even with a high rank, because accounts can be hacked and sometimes people trust this ranks, better to check and do it with escrow even if it's not a fundamental, amount

well, I invested in an ICO a few months ago and created many expectations, I could guarantee that it would be a success, it was my time and money wasted :'(

investing in these ICOs has become very dangerous, as someone already said the scammers found here a "gold mine" and the scammers are exploiting 100% of that "gold mine"

few people do research before investing in these icos, and from what I see, the Russians and asians, particularly from India, are the big scammers

There will always be scammers as long as money is involved. Others would want to earn their keep the easier way so they resort to scamming. One cannot really be scammer proof as some of these scammers talk slick and fast then run away with your money just like how you got robbed in broad daylight. The best thing to do is to do research first before investing in anything and see if their background checks out. Always keep your money close to you.

Sorry to hear about your loss.

That's true. They will offer everything to entice you to join or invest on them. They are slick talker and as if know the psychology of human mind. They can really persuade you without you knowing it. Its like hypnotism kind of. I was also a victim of scam before. And I think almost all of us. It's really hard lessons for us specially in the beginning. So best weapon that we can have is to really study and learn what they are offering and check everything that they say fits. And just be careful and just invest what you can afford to lose.

There are many people who intend to scam others by pretending to develop a profitable project.
But there are some clues to identify their act, without legit evidence about the project, it's more likely as scam.
Even ICOs project without legal approvement from authority could be ended loss for investors due to devs team fail to achieve their goals.

Scam act is inevitable in the world of bitcoin because bitcoin is just like market place in the real world where people come from diverse of area while some come to buy, some to sell and some come to steal. However, most of the ICO owner found as scammer don't have or held a signature campaign and I will advice people not to trust any ICO which don't have any signature campaign on here.

No, scammers are everywhere. There are also legit projects here and you just nee to know who's real and who's not. I don't know if you've been to other sites like Facebook because scammers here is just a small number compared to that site.

So if we are talking about proportions and ratios, it seems you are saying the number of fraudsters per 100 is more here than Facebook based on the total number of users. This site has a fraction of users compared to Facebook but according to you it seems there are more scammers here pro-rata.

Due to the ability of bitcoin making people rich overnight. There's no way we won't have a lot of scammer in the world of bitcoin, my advise is that we should be more careful and seek advise from people before diving into any sort of project or investment.

No need to compere with one site with the other site, we talk about the scammers and as you know we can avoid just with read the project, whitepaper carefully also read the last project the developer. Many people scamed here becose the profit, with small deposit gain a huge profit in short time. it's weird for me and need answer what makes that coin price too high after ICO/Pre-sale Token.

I think that scam projects will often make bold claims about their product even though said project offers nothing new or disruptive. It’s not likely that a certain blockchain platform or cryptocurrency will end poverty, fix global warming or replace the internet. This can also be truth for how they expect the community or markets to respond to the product. If someone claims their cryptocurrency will replace Bitcoin, get a disproportionate amount of users, or increase by 100x in the price charts, you can add that project to the scam list.

Oh! Topic seems to become a bit confusing -
started like more about theft when people asking for pre-payment and just disappear
ended with scam ICOs
I expected to read more on the last one
Any "ICOs black-list" available???

That's because a lot of people are concerned with ICOs, theses times ;)
I'm pretty sure there's a list somewhere, on the web. However, you shouldn't make your decisions over a single source of information, I advise you to make your own analysis of the ICO you're planning to invest in. Just get a look at the community besides it, who are they, why they joined in... Usually, theses are the prime indicators of an ICO's health. Try to get information on the creator: if they try to hide their identity at all costs, then it's obviously fishy.
No one can hide its identity, nowadays: even Satoshi Sakamoto's true identity has been discovered by the NSA, using only his public emails and posts on forums, so, there's no point to do this anymore.
Anyway, people creating ICOs should be proud of what they are doing, and who they are. That's a sigil of trustworthiness, he gives you all the necessary infos on him to sue him if it goes sideways, ahah


To get back to our discussion, yeah, lots of scammers. The thing is, scammers are just thieves connected to the internet, and thieves likes money. What this forum is about? Future's money. Of course they are drawn here, that's easy money !

However, it has been proved that you can trace bitcoin transactions from one person to another, using only the blockchain explorer. Some shady ad-schemes has been shat down thanks to that new kind of data analysis.
To put it in another way, if you really get scammed by a lot, you might be able to arrest the person who did this to you, by simply calling the police and explain what happened. (I hope your country allow bitcoins, though)

Thank a lot for all the detailed explanations! Highly appreciated. However, not sure police and law have at the moment enough background and legal cases to intervene...not sure one can be prosecuted in any country for some crypto-related theft...No laws are ready yet :(. that I think opens a lot of ways for scammers. For ICOs it's clear and true - thanks again!

Of course there are lots of scammers around. Because it's easy to make ICO website and get yourself some dough.
Just have to check twice and be careful.

Nice comments here, keep them coming :)

This topic was talking about Aikfrank. seems this guy done with his ICO and now ready to launch his card this month, I dont know if this guy is a scammer but he lied about he sold the program to a UK company .

It seems to me that now there are too many such projects on the market. Legalization, on the one hand, will make it a crime, on the other hand, there will be a huge outflow of people from the industry. Choosing between the scammers and the explosion of the bubble that is now ... I do not even know what to choose

That is why we need to be smart. Scammers will continue as long as they can scam anyone. We can avoid it by doing research and reading feedbacks.

Do you have a link about this ICO that AikFrank ran? Or any information about the card he is claims he will launch?

ok, there are a lot of scammer but that is why the forum has a trust network.
If you have made a nice and clean deal with someone you can add him in your list as trustworhty and also you can reference the transaction or deal made linking a message on the forum.
This will construct a network of trusty people and you can help him and yourself (both will gain trust score)


about scammer in this forum, there is nothing more than has been already said.. there are A LOT

good luck

Thats why we do have trust system on this forum which is really a good feature which we can able to have a preference if a certain person is trust-able or not.There are lots of scammers on this online world not only on this forum but as a general.We should not really have a greedy mind so that we wont easily fall into the pit of scams.

I can not agree more Sir, there is no other reasons to scam people than just MONEY.
The need of people for income triggers them to enter and consider anything as job just to earn. They trust everything that promotes job.
Some ends up making up things just to play others mind and earn from it. Maybe caused by needs or just greed.
Research alone is not enough in my opinion Sir, scammers are not just good in advertising but also good in creating own background articles of their projects.
I think that the best thing to do here is assuring that the main promoter himself can provide all the information you needed to know. This way you will have background and know if the promoters are really updating things about the project.

I agree with you mate, in this forum it can minimize the number of scammer because we always give important to our account which having a good value in the long run that is why the individuals are not attempting to scam other users specially for those higher ranked in this forum, but as i read in some thread here there are some ICO's are not legit they showing good project to get more investors then after that they will not give the profit of the investors together the capital.

In the future this forum needs special identification for developers so that it can minimize cheating, commitment fee is a good step to avoid something unexpected, now many projects appear freely without being recognized legit or not, if you talk about ico success. and it turns out that the price of coins is not as expected in the trading market, then it is a risk in the free market.

No spam here. Check out potentiam.io either here on bitcointalk.org as we are based in the uk. The more friendly zone where we not playing and want serious people to join our blockchain technology within the music industry.

Indeed.
I must say there are a lot of scammers in crypto world, as I am a newbie this information will help me alot to stay away from these type of scammers.

Thank you for valuable information.

scam is a word I've done in the world of cryptocurency. remember in hasocean many do not expect to be a scam. but lucky I have drawn my minning proceeds. but through hasocean we learn that the world of crptocurency is a world at high risk. only some geniuses dare to dabble here with all the risks. I hope duina crypto will continue to grow with a legal basis that protects the perpetrators of crptocurency. so there is a guarantee of equality and through it will make a positive source that becomes a hook for investors.

I couldn't agree more. All of them have different strategies so they can catch the weak preys on their web. The good thing is their reputation wouldn't last a week or month once they are proved to be doing scam. Thanks to red trust so members are automtically warned when they see it.

Yes, I would suggest having an escrow if you are dealing with strangers on the forum. Or better yet, use websites like freelancer.com to pay the coder in steps as the work progresses.

We must be careful and alert of scammers and non legit projects or activities,the number of scammers were getting larger,because the price of the Cryptos in each market were being good that's why they tend to steal and to scam others for them to be able to get money.And also they were getting the time to steal and scam.So we need to be alert and careful enough for us prevent being scammed,because we cannot stop scam by ourselves but we can prevent it.

Bitcoin is made by the use of internet and we all know that when you say you can earn money by using internet, theres only one word comes into our mind that scam. So all we have to do is to, always check if that thing is true and always becareful, because lots of scammers are always there waiting for you to bite from thier plan.

Can anyone provide a URL to AikFranks ICO please?

Because there are alot of people here who want to get rich quick.

These people are easy victims.

yup that's true a lot of scamer here, live depends on how we choose and see it ,, always be careful before we invest ,,, because not only scamer alone is here ,,, it all depends on the way we choose and our luck

Well time will come and everything will change, with better platforms for ICO and regulations
i cant wait to see all that scammers fall already

As we all know, there is no easy way to vertify whether it is a scam or not, only you can do is doing more research to reduce the risk.

Crypto currency is easy to be anonymous, therefore scammers have chances to be anon and keep deceiving. We need to do due diligence by ourselves.

There are scammers here. Yes. There are also legit guys who will help you without looking for anything in return. One precaution to have is never to deal with a singular person alone. Open project and deals is far better in this forum.

Yeah I agree. That's why if there's something fishy then you should be more cautious.
We need to trust our guts and when it's too good to be true I think we should know what to do, back off!

I think we need a regulation to prevent a scam because now scam continues to happen that is very harmful.

Its a catch 22. It will not be good for the industry if ICO's become heavily regulated.

We need to regulate this ourselves as a community. This forum is such a good thing as it alearts us to the scammers very quickly.

Investors also need to be careful. If they are not taking the time to fully investigate...they really only have themsleves to blame.

i agree with you in any business have an scammers but i suggest to all need to be carefull to your decision before put your invesment need to study investigate the company where do you plan to invest check the reputation and legality of the business to secured your investment.

There will always be a scammer no matter where you go.  We really can't stop them but what we can do is avoid them.

I don’t know why there are people who can get money without even working hard to get that money? How can they even sleep at night knowing that money they get from they’re illegal doings came from a person who works hard for earning that money for the family. It cannot be stop, the only thing we can do is just to be careful to avoid this common incidents. 

Yes he lied about many things, he is a dreamer....

Does anyone have a URL to his ICO or the name of his project/coin? Would be interesting to see the scam

Yes. Everywhere there will be a scammers. If you are not careful and keep trusting with someone that you doesn't know you'll get scammed. Internet is such a dangerous place online. If you don't want to lose all of your bitcoin, then don't trust anyone on the internet.

how about you accompany the ico you have invested into yourself?

or invest yourself or develop yourself? ah you will need consultants expensive consultants, well thats how it is.

there are people that the entire day do nothing but living of others,

in simpsons they are called mr. burns

Agree

Wait what? Did you just justify their crime because they need money? F*ck man!
We all need money, who doesn't? But Doing crime is not the way to earn it, never consider doing it as long as you don't have that kind of dirty blood flowing in your vein :-X

Its interesting to see that as soon as bounty or airdrop is on the ANN thread title, people simply don't care if the ICO is scam or not.

There will always be people that scam. Expecially when they can see a way to make money my advice would be to look into anything from multiple angles if it sounds too good to be true it probably is.

Correct. And you get to collect a lovely list of tokens from all the ones that didnt quite make it past the first week.

just very recently (yesrterday in fact), ETH0 "dev" just closed the website and after less than a week https://bitcointalk.org/index.php?topic=2325851.0

Sadly very true

Yeah, hard to believe that scammers can be justified just like that. there is not justification that you can steal other peoples moneys. what does it mean "they need money", maybe they steal from people who also need money. karma will always teach lesson to those bad characters.

Yes you are right, many scammers in here. there are many ico are scam, also slack is  a main way for scammer. i think ICOs is a new way to scamming huge amount of money. but picking the right ones out is difficult. So just you careful with your money.

Scammers,seeing the high demand for mobile wallets,have started to create fake wallets to defraud people.The fake bitcoin wallets usually have a name that is very similar to legitimate and trusted wallets such as Coinbase  or Mycelium and,in some cases,even the same logo.These copycat tactics trick the user into downloading it believing it is the legitimate's company wallets.Some fake wallets have crept onto the Apple and Android store masquerading as genuine wallets.

The whole game is to make money before the scammers decide to end their project. The people that get the coin too late are the ones that hold the coins for negative profit.

Correct, scammers are more particular with the value that they can get from their hard work by stealing the money from others that they did not earn. Things can happen, be careful with your password and keys.

is there any list of scammer here? its important to newbie like me when invest in project or join in bounty, its take alot of energy when joining bounty in months and you working hard as you can, but in the end nothing you got..

This is the wild west and it will continue to keep burning people.

True, I agree.

Does anyone have a URL to AikFranks ICO or the name of his coin?

we should be even more careful with our seeds and keys at the moment as numbers of scammers increased way too much.

The internet is full of scammers no only in this forum or in bitcoin I receive a lot of PM as well from people begging for money or that have some business proposals or that recommend that I invest in their icos, the best thing you can do is to simply ignore them, they are trying to scam you and if you listen to them there is a chance they are going to deceive you, so report them and then forget about them.

A list is an excellent idea

Really? Actually no one ever asked me here for money. It's not like i would give them some but still. Well I guess the asking for mone is now running an own "ICO" so..
But thats really true in crypto there are really a lot of scammers around. Big mone big amount of scammers easy as that.

Does anyone know what username AikFrank is now using? What is the name of his coin?

Would be really interesting what this scammer guy from Nigeria does now! Well probably making the next decentralized market for whatever and trying to scam his first million. But hey its coins you nevver know.

Scams are increasing now, especially with anonymous payments and anonymous emails. Just need to be smart with your coins - don't respond to PMs, if it's genuine then they can produce an ANN thread and make it public - open to full scrutiny.

ya, the simple thing is if the coins/token really have good project, no need to pm people 1 by 1, just make ann thread and let people judge that the project is worth or not

I think a swindler is unforgivable!But now there is a lot of fraud and there is nothing we can do about it, but we can only raise our vigilance, especially here.Many fraudsters just want to get personal information, and he can release a thread and a Google form, and it's easy to get real information about people.

Yeah, there are a lot of scammers here, even here in forum and they are also indenial for it even if they are already caught on the spot. So, be careful on what you are joining.

I think the skack are full of scamers that telling you to login a fake MEW wallet yo get your private key. So It seems worse than here.

Unfortunately nobody is naming the coin

PLEASE BEWARE


Lots of scammers are operating under the guise of legitimate businesses but they are playing the long game. Too many selective scammers operate too so please take care when dealing with anybody.

My signature with the Scam Alert will be updated regularly so please keep a look out for it and try to stay away from scammers.

Nobody denies this today, because most people are now in deep shock of what is today called the situation called scam projects. Do you really think this is normal now? This is a terrible market situation.

this is a terrible case but the fact is that there are many cases of fraud like that and will continue to grow and if there is no solution for all this then things will continue to happen until investors really don't trust ICO anymore and finally ICO will really die.
so can we stop it? honestly I'm not ready for that

Scammer is indeed a lot these days, not just a scam project, but there are also many Scammer bounty participant. where they tried to join into project by stealing another person's account, using it with their wallet address.

And this is like one of the causes of market conditions getting worse, because of the many negative things that often occur. Crypto is in a bad condition right now, the more it stands out the more negative things will happen on it.

And why you belived him ,its inpossible to make exchange with 5k usd its somthing imposible ,if ot would be possible then why people make ICO es for that.

We are all absolutely aware of this scammer. yeah, they are coming per days and they are growing. Most of the scammers are very detail, careful, adn smrt. They always make the great projects with the excellent preparation. They make their project trusted enough, sometimes they also have been listed on the ICO ratings. That is why, to ensure the legit or scammers, we must be absolutely careful.

Lots of scammers in here or crypto and they will never 0 or die. My story was " First I got a mail from a different exchange where I had some BTC and I should invest more to get it all back".

It is no news that we have scammers all over and that is why we all need to be careful in our dealings with anybody. Even in the forum,there are many scammer.

It is always very important to check every single project before investing you money into it. Make a deep investigation by reading whitepapers checking the social media channels and the team members, and you will be able to find great projects.

It seems to me that it is not so easy to check the names of the team, because not everyone is on social networks and professional activities are also difficult to check. Nevertheless, somehow you need to analyze the projects and study the available information.

Here in cryptocurrency many scammers are also not lazy because they are also hard-working but they are wrong to do it. It is not the ICO that sscam most but the bounty projects they are in. so before entering a project or investing in ICO we assure that they are legit or really because today there are so many fraudsters so we can be smart.

This is one of the reasons why there is a reluctance to adopt blockchain technology. Most people still view it as a place meant for only criminals and drug lord to launder or smuggle money. There are a lot of people in this industry giving the technology a bad name by engaging in fraudulent activities. This technology is suppose to be all round beautiful with so much positives to offer everyone. I am afraid this scammy, fraudulent and negative tendencies will continue unless there is a regulation of the entire industry.

In last year many people loose money because of scan which ultimately result in lot of invèstor outflow. I think there must be some regulatories especially at international level to keep some checks on crypto world. By this we can create confidence among invèstor and among normal people also about use of crypto

As a bounty hunter, I have seen so many scans on a fundamental level, imagine giving your time and sweat to promote an ICO and being left in the dust by the scam team.

I think that it is better to forget about investing in ICO. Better buy decent coins or tokens that are already on the exchange!

Honestly the rate in which scammers are coming into cryptocurrency because these days is to scaring, I just wish if there is any thing that can be done about it.

For the scammers they are every where ,trying to play it smart always. All we have to do is to be extra careful and do a thorough research on every project we decide to join in order not for us to fall as victims.

yes, as a trader, we must be smart in choosing the ICO we are going to invest, it is indeed difficult to distinguish which good ICO with ICO is potentially deceptive. therefore, make it a habit to analyze first before deciding to invest in it.

When a good technology is very popular and know now worldwide , there are groups of people who will ride its popularity, likre this on bitcoin and cryptocurrency ,we can stop or deny that there are really scammers who are penetrating the cryptoworld, so for the people ,members and investors of bitcoin ,they should be cautious and analyzed this projects if they are not scam.

I agree, there are many scammers who try to affect other user in this forum. But luckily, we can avoid this, by reporting those individuals that are pursuing you and ask any amount of cryptocurrency in return for their service that has no evidence. We encourage everyone to report any malicious users in this forum.

The number of scammer seems to keep on increasing, and we can't really able to surely remove those scammer. I think a regulation on to create a project is so much needed to filter that scam possibilities, but it will only applied to a project and can't be applied to a scammer bounty participant.

I had ever met some scammer bounty participant, they used another person's account profile to join into a project, something making it so much suspicious is that there are several account profile link registered in the same bounty campaign and using different wallet address. That way i'm sure that the latest account could be a scam account.

there are a lot of scams in the prize campaign, in the bitcoin forum there are many cheating coins, we must be smart to choose the prize we will follow, the bounty campaign project now the selling price is not clear, we must be smart in choosing bounty

so you have to be careful when choosing projects, fraudsters are getting smarter in various ways to cheat. various bounty hunters must be a lot of fraud and careful, sometimes we can still be fooled into exploring deeper. Hopefully this year the fraudsters will be reduced so that you can do various projects calmly because they are safe.

Yes, scammers often like to disguise themselves as an ICO developer team. Their white papers are even purchased, so it is not recommended to invest in the ICO market, waiting for the bull market to consider investing in the ICO market.

Before deciding to join the ICO project, you should check back. Now fraudsters are also very smart when they use every means to get money. This is also caused by a decline in crypto market prices.

lost, scam and the losses are already a risk that has to be faced on crypto and it always will be. even the longer this forum only contains very few honest people that are serious about advancing the crypto and most numerous are those who always do a scam. analyze the bases which will clearly be needed to find the right project. I think OREToken could be a good road in the middle of a large number of fraud this time. will certainly be an advantage to invest in gold mining companies.

Big and easy money attracts a lot of fraudsters, it has always been like that, so I think that such interviews should be conducted live and not on the Internet.

the biggest fraudsters in my opinion are the guys that tell you everyday to believe in a market that has crashed 90% and still says all will end up well. Those are the biggest cancer here. And i must say, this cancer is in metastasis phase here.

You have done a lot here in this forum by exposing these scammers and scam ICO no wonder you have a lot of merits and you deserve it all that, we need people like you who are dedicated to fighting scammers, we cannot rely on these rating sites, they are part of the scamming game.

crypto is very well known today and many people realize that crypto can easily bring in money so that many people are willing to take shortcuts to get money in crypto by cheating.

Well, your signature tells it all. Even our time is very essential, meaning to say that in an ICO, just putting our time to it is considered that we put an investment on it and that is time. Well, its better to consume much time in planning than to do job too long not knowing it is scam.

therefore we must be careful in determining the projects we will work on later. indeed, with the current market situation there are many ways fraudsters launch their actions to obtain mere profits without caring for others. be a smart hunter in setting goals.

There are too many scammers here, yes it's true that a few weeks ago there were some ICOs that were supposed to be good and had interesting concepts and turned out to be scams, I don't really care because there are also ICOs that are still legit for now, and now what to learn is how to be a smart investor because too many people are cheated even more than the scammers themselves.

There are lot of scammers here and they will stay until there will be no proper regulation of ICOs and while there will be demand. Many investors are not making research and checking anything just investing in hope of becoming millionaire overnight. Scammers are using this.

Unfortunately it is true and at the same time it is very sad. We should keep together and I cannot understand people that are scamming another community members. The one thing I know for sure is that the karma is real guys.

it is a method that is quite risky but without doing that you will never get your lost money back and if you are able then you have to be brave because you have lost money but you have to be careful because if you fail again you have to invest more much more to be able to restore everything

Yes, there are many scammers in the ICO project, and their purpose is money. So they usually pretend to be themselves, and many investors lose because of investing in ICO. So now the liar is hard to survive.

I agree on that i believe that crypto market or maybe crypto feild had a lot of scammers, scammers really wanted to make an easy money and they found out that crypto feild had a lot of new investors that they can easily get scammed and they will earn from it. I believe that we need to be more extra careful so that we cannot lose our asset.

Yes, all because of money, and in Cryptocurrency money is very easy to get by cheating, that is enough to make an ICO project, and start tricking Investors, because the crypto world does not have a legal entity that protects it, so there will be many fraudsters hanging out here, so advice I was stopping fraudsters, because it could endanger other people.

There are everywhere and so inevitable they are lazy and hungry so in need of money but not ready to work hard for it so they decide to go in for the scam option we just need to be careful not to be victims of such thanks

This is far from a secret and many scammers are definitely among us, because they learn to bypass our guides, which we create from our experience. You understand that they are learning this, so we need real technology for this.

Sadly scammers are contributing to the downfall of the markets by destroying trust in crypto and crypto investments.

preparing as tasks with evaluation to gives with reference on moderation of the business intelligence to helps as supporting confirmation as defining parts on use with possession of resource to put with the projects on plan with the investment offers from developer.

the forum is really full of new ico that will fail or are scam is really hard to choose on which to invest, i always try those who have a valid idea, can be launched on the market and have behind an experienced team

I do not see ICOs dying out just yet and as long as ICOs exist the scammers will continue to scam.

Speaking of ICOs and scam - did anybody participate in the betking 2017 ICO?

I am looking for the original 2017 ICO whitepaper if somebody has it. I hope to add it my case file for when I send it to the UK Police (Scotland Sheriff) when I ask them to consider a criminal case against betkings owner/operator scammer Dean Nolan.

Thank you

Take a look at this guys trust system, and his other post's in other threads. He states opinions as facts, blocks anybody who disagrees with him. He also gave me a bad trust rating for a false reason. When I asked him to explain it he refused. I have integrity cryptogames once sent me 116 extra etherium when I cashed out I notified them of the error before they even knew about it and sent it back to them, they gladly gifted me 12 etherium for the deed and I was ecstatic about it. Does this sound like a scammer to you? I have integrity and I don't appreciate this guy abusing the trust system. I have messaged mods about it but they seem to not respond or do anything about the guys blatant disregard for the truth. Be wary of what this guy has to say, and if you got the time go through his post history to see what I'm talking about.