Bitcoin Forum

Any of you dreamt for a scam free ICO's?

Has any scam ICO owners faced legal action?

Everyone dreamt for a scam free ICO's but rather I would reword it as everyone wishes that they won't join an ICO which is a potential scam. As far as I know, there are no scam ICO developers that faced legal action(I might be wrong because if I know an ICO is scam, I don't follow updates about it ever again). Even though everyone dreams of it, ICO's will never be scam free because there will always be one that is a potential scam.

Here it is necessary to understand that there are those ICO who are really directed to deceive you, but there are those who could not reveal their potential. But in any case, they do not bear any responsibility, therefore they develop so quickly, there is no control.

everything is achievable depending on how u see em

I also rarely hear ICO scam developers caught in the law. but I think it could be a criminal of origin having strong evidence and someone reporting the case.

Will be better if investors can find the owners and explain for them - why they shouldn't do it anymore

Never heard a news that someone got in jail for having such scam in cryptocurrency.
but of course, people want not to be involved in that such shame.
well, we can't identify at the start if the ICO is a scam but soon we will know that.
there is campaign manager who is accepting work for just money, but soon we will have someone who will have it before accepting anything and we are doing on that shit now.

Lol scam free ICO's - good luck with that. 90% ICO's are scam. That's why some countries banned them.

If you want to avoid scammy ICO's read the white paper and do some research on the team. Look  their linkedin profiles and google them.
See if whitepaper has any sense.
Look at the webpage of ICO - does it look generic?
Look who is their bounty manager - is he experienced or unexperienced? Experienced bounty managers do their research and avoid scams.
All these things are important in choosing good ICO.

If you want to particiapte with ICOs that wont have any risk,do not join any because it might fail your expectations because most of these ICOs are just created to raise funds and run away after they have gathered enough,last ICO scam was big myriad raised million dollar from their private sale and then run away from their investors.

I don't know if you can classify a company with no real teeth a scam necessarily. Does it have a viable product that makes sense and solves a real world problem? That train of thought might eliminate quite a few right off the bat. Since there is so much assumed risk going in, I'm not sure what legal action people can have against "scams".

Who doesnt want that? Who wants to be scammed?  ???

Facebook and other social medias have exterminated this types of advertisements because they cannot trace whoever did it. So they made that decision for their users to be in safety.
I dont think there is one who will make an ICO then just scam them will be posting his real information. It will always be a fake one.

Did you hear words of Vitalik that 99% of ICOs is scam?
It is does not mean that all of this ICOs will escape with your contibutions, it is mean that most of ICOs will not develop good product.

Im not sure about that, i have heard that there was a crackdown against scam icos in china, there are many many more ico projects all around the world that run away with the funds collected, I remember Ethbooks, symmetry funds and few more that disappeared after ico, there should be some way to put them behind the bars, that is what these criminals deserve, may be time for a borderless, decentralized police system ;)

there are a lot of scammers, I think they hardly bear the punishment of the judiciary, after all they think and cover themselves with all the ways, of course it's a pity that many people and novices are deceiving, but alas, such victims of crypto business

I think that they have faced legal action in many cases, including MtGox that was not and ICO but I think it was a real scam as it is just not possible to have so much bitcoin stolen.

If you want to have the returns such as this:
https://icostats.com/roi-since-ico
it's always going to require a whole lot of risk of being scammed. If you want 'risk free ICOs' go buy some stocks - they are way safer then ICOs. Usually the problem with ICOs is that you need to invest before you know who are the prople creating coin/token. If you would see some earlier projects of that team risk of being scammed decreases substantially.

You may need a time machine....and go back to say 2015 or 2016 for ethereum or LISK.. ICO's

I passed on the ether ICO (999 ETH for 1 BTC I think it was...sigh) but did get 1 BTC of LISK on that ICO, which was damn wise..

Since that time, however, they all seem to have gone more than a bit shady...thus the backlash...and hell the sheer number of ICO's now is daunting

no clue on any current ones that are not a scam....thus clueless...it may be this method of launching coin is gonna die with regulations soon

Obviously, we want scam free ico.