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Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?

In any industry much more those who are online in nature there will always be people who are using their talents, skills, abilities and creativity in order to fool and grab money from other people...and we are helpless in actually changing their mind so that the best thing to do is for us to be always be careful. This is one ground why many countries are regulating (and even banning) the help of an ICO because regulators feel that they must protect their citizens against the possible scams. Now, in my view the best way to deal with this is to have  body established by the industry itself to screen ICOs so that "investors" would not be deprived of their money and time. The famous Vitalik Buterin suggested the DAICO platform which has mechanism to protect the ICO participants and I think that it should be required of all ICOs...but then again in a decentralized market there is a problem as to who will implement it as we all here on a voluntary basis. We need regulations with the view to protect the investors but not to kill the platform and self-regulation is the best way.

So far there are no way to punish those making scammed ICO and there will be no regulatory body that will do since crypto is decentralized and people doing scam are anonymous.

As for the Russian Federation, if the organizers raise funds and the project does not "fire" for some reason, the lack of a legal link between the participants taking the investment and fulfilling the obligations to investors, as well as the absence of transitions of rights and obligations in a balanced form between the organizers' units in the ICO, make it possible to unequivocally qualify these actions under the provisions of the Criminal Code of the Russian Federation with the presence of a direct intent to fraudulent actions, the result of which were planned actions for Design Nominal obligations to mislead investors. But it is not known how to punish acts of fraudulent acts.

Community should rate it in my opinion. I hope that it's natural, that now we can observe a lot of scam projects, and the evolution of the market will go into direction to built some mechanisms or regulations for community which will separate good projects from scammers.

Many people from all over the world arrested by their governments because they ran the scam ICO and took all the money of the investors so they are getting punished in someway but there is no perfect system for the punishing the ICO scammers so we need to grow on that category but it is only possible if the governments legalize the crypto currencies.

There are no legal entities that deal with fraud cases caused by the ICO, maybe this is the reason most ICO continue to fraud against investors and bounty hunter, I think legal entities should be formed so that ICO-ICO can be corrected and keep watch, then there must be penalties for ICOs who commit fraud, if this is implemented then ICO-ICO will continue to grow and will become a mutually beneficial business.

Punishment is impossible in ICO because if you have right to choose your own so before to invest you must read the project details suppose it will scam in future you are not catch the right platform. Because many peoples are expecting more profit in Crypto platform so directly invest in ICOs are some other trading. But every platform is not a simple in beginners so we should work hard in every platform we will earn profit.

Well obviously it falls under fraud.

Penalties can only be committed if the project is registered in the territory of the state that controls the ISO and may bring criminal liability for it.

To be able to see if an ICO team would be falling under law would be to check the team members location. If you are unable to find that than thats a red flag and you should stay away from the ICO. Also it is very easy to fake all the details of an ICO and there is no guaranteed method to be able to find out if an ICO is going to turn out to be a scam.

 One of the worst scenaros of ICOs business is the inability to detect scam projects.  On how to punish offenders,because of the decentralized nature of the blockchain you cannot punish offenders easily for such crime. So you must carry out a due diligent search before you invest in any ICO.

Depends on where they are and how good have they covered their tracks on the internet. I remember for instance case with benebit where team members even gave FALSE KYC registration when needed. So sometimes it if they do it right it is really hard to undercover the people behind the scam. In many countries, if not all, people who run such scams should be punished. So such cases we can report to the police, specially if you were the investor and they tricked you. The bad side of this is that there are really projects that are trying to some good but because of bad reputation these scam give it makes it harder for legit projects to come to surfice.

This is the job of the investors to know on what they are investing. This reminde of DYOR has always the tip for everyone. If there's a way to filter it, numbers of complains about these scams will reduce. By knowing the backgrounds of the people involve to that ICO can be a way.

SEC has been taking an action about it.

Bars.

Its your own responsibility to eliminate the scam ICOs and in most instances its quite easy to do this as there is a lot of indicators/red flags to be identified.

in internet they can make anything possible. they can hide their identity so they can do what they want. scammer are smart people and probably they even finish studying college. the problem is they used it to fool people. they will always find a way to scam people. if you don't want to get scammed best thing to do is research.

Still crypto market is not fully legalized yet so you can't do anything about it. But in future there will be less scams because government are in process of doing the work for it.

In life generally, there are so many scam happening around likewise crypto where people use different technology to scam people of their money and there is no law yet to help regulate this as you cannot say which one is good or not that is why it is very important to do a very good research before investing in a project. A way to help reduce the rate of this scam is to spread the news of the project as soon as you find out that it is a scam project so that people will be aware of the project and avoid it. In the nearest future of crypto, I think there should be a body that will be incharge of monitoring icos  and helping to reduce the rate of scam.

ICO and cryptocurrency are still not regulated so anything that happen yo you when investing your money into this type of market is done at your own risk, risks that you should know of before putting money and time into one of them, protection is better than treatment, you need to know how to protect yourself from these scam before it happens.

i seriously doubt you can do anything about them because of many reasons. for starters ICOs are already illegal in a lot of countries so when you participate in them you are already doing something illegal, you can't run to the law and tell them you did something illegal and now you want punishment of others. they will throw you in jail for breaking it first :D
then there is the fact that you are giving them your money knowing they are going to scam you. you made a bet and lost, it is best to accept that you didn't get lucky and move on.

OP, I suggest try menlo.one it is like a ICO review platform with more features, the thing with them is they will automatically filter out scam projects with their community based communications system. A community of expert in blockchain technology.

There is no law that can effectively constrain ICO projects! Although some regions have established laws or institutions, their laws can only restrict the country's false ICOs, and they can't be confined to fraudsters in other regions!

There is no governing in that field. ICO is always popping up without anyone being able to control even from different countries. areas of law handling it also don't know for sure because the ICO itself fraught with uncertainty and they didn't bother to handle that sort of thing.

Being decentralized is the luxury for those who always taking advantage to weaknesses of others, and that how it goes, it's difficult to identify the scam ICO's because of they are also bearing the complete details in promoting certain projects, it's is our own prerogative to check or do a research before investing any of them.

I think his punishment is to imprison all the team that made the ICO. Or freeze all the assets they own, and hold the coins they get from the ICO participants. Although it is difficult to trace it but I think it can be applied to punish those who commit fraud.

If there exists any particular way to determine that then believe me none of the ICO could scam anyone. All one could does is become more cautious about everything and doesn't fall for any ICO by reading just few charming lines.
About punishment, yes! Standard Law Body in every country is capable of undertaking crimes related to ICOs. If you as an investor feel that company scammed you in any way, you could file formal complain against company. Several ICOs including big-raisers like Envion are facing court trials.

depending on how much informations investors know about the management behind the project. Image, Videos and written document are few of those way you can extract information. some countries in EU have good law in dealing with scammers if you have credible information about any suspect but one problem about some investors is that they pay little attention to such information until their money is taken away from them. also these information above can give you an insight in knowing legit ICO. many scam ICO will use fake images and most time they do not have videos that reveal the real Identity of any of the founders. Scam ICO like doing Video using cartoons and converted image and text as illustration. most of their whitepaper are poorly written and can be sometime full of playgiarism. in fact the first thing I expect any investor to do is to download the whitepaper and use plagiarism checker software to evaluate it. google also have an online image recognision platform (http://image.google.com/). such platform can be use to search for presence of similar images across the internet.

There are no bodies that would control ICO. And so there is so much deception.

I think it's not possible because there are still no rules or regulation in a law of any country about cryptocurrency.
That's why many experts in cryptocurreny said, only invest the money that you can afford to lose.
So, invest with your own risk.

Maybe the best punishment for those ICOs that were scammed is that many people are not trusting them anymore and there will be no investors that will ever invest on them and also they can be banned in crypto world and in making ICO project because of their bad trust rating due to what they did.

There are private sale thats happening in ico now,and this is alarming because they are giving big profit but the more riskier,because you have no evidence over forum if the project turns scam then investors dead

Thats why i support that Vitalik Buterins DAICO because this will lessen the prospects victims of scammer nowadays

I think the cryptocurrency market is not perfect now. There will certainly be such an intermediary guarantee company in the future. But it also means that the coin you are investing is not a scattered coin, or you have to pay to follow the trading rules such as the tax.

About your first question, that will be really difficult if you are going to do it by yourself. There are teams that actually promotes legitimate campaigns like amazix. And for your second question, I think they should all go to jail. You don't need to make a law that will be exclusive for cryptocurrency because technically, doing scams is considered as stealing.

That's why the government is trying to control the crypto industry in order to protect their citizen even though it againsts the decentralized nature of the crypto itself. Too much scam ICOs out there since it's not hard to create ICO, we as an investors have to be more selective in choosing which project that we'll invest in, whether they are real or not and can bring benefecial to us in the future.

there is no an exact filter for scams. you should focus on the team. you should check their previous experiences, you should check their approach through questions asked. if they satisfy you enough you can trust and invest. if not you can just ignore.

I think it will be very difficult to prove fraud in the ICO framework. Especially if it's a good prepared scam, then most likely the organizers are ready for this and it is not able to identify right persons.

I personally really hope the filtering of ico because nowadays very much ico which leads to a scam,
I strongly agree if there is a legal body that focuses on ico scam because after all ico scam is a form of fraud

At this point in time it is very difficult to come up with any punishment for fraud. The legislation of the countries will not soon make decisions on the regulation of the cryptocurrency market. At this point in time, it is only common sense and community opinion. I would also introduce a mandatory KYC for developers. And the video KYC and not sending photos and Bank statements.

Everybody here has a responsibility to trace those scammers and I think the punishment is to post the name of scammers in forum so that people here will be aware for their activities.

Except caught
I don’t think there is any punishment for ico scams and thief’s
But we have Karma and God to judge

For bounty managers, I think there should be some form of compensation for participants who fall victim to such fake projects and managers should check on the team often to figure out things certain projects hide

Then we can be a little safe

Unfortunately, ICO's as it is still on the building stage and looking for investors, they are not yet regulated. It will be regulated only once the company will start the actual business therefore they have to acquire a license from the Government. I would highly suggest that there should be a governing body from the Government that should control the ICO's in order to validate there project and the team behind this project. That way, there is a sort of assurance that we are investing on a real project and real people.

Filter? This is only possible thru regulations that why you can see of projects which do comply KYC because most of them do already comply on laws which this would really lessen possible fraud and scams but in other side scammy ico projects would always exist as long theres investors who do keep feeding em up then the cycle would continue. Catching them would be nearly impossible because they do scam out people into some indirect various ways and on the end you do realized as an investor that you have been robbed. Consquences? supposed to be the traditional ways.

Unfortunately, there is a law of scammers but the question is they will get caught. A lot of people scammed investors on ICO's but I haven't heard anyone get in Jail or at least pay for what they have done. The law for online communities like crpto currency is being implemented by choice. The police can caught a scammer if they want to but they just won't do it because of the technicalities behind it. Try going to the police station and report a scam online. You will have a hard time talking to them.

 If KARMA is real, maybe those scammer will get it someday....

It is true that there are scam ICOs that are running even right now but it is very hard to detect them as they are also evolving. The way they present their project it seems that they legit.

For now, there is no project that make investigation and filing the case against scammed ICO. I think any individual can file the case against scammers. So what we should do is to do further research and analyze the ICO if it is a scam or not. When the ICO is very transparent with videos, images or photos and have a genuine whitepaper, I can say that it's not a scam.  Hopefully there's KYC to store their real identity in crypto world so that investors can avoid scammers.

Actaully we can not directly punished the man who is behined the scammed ICO, because its hard to find them they are not visible. And there is no egency assign to monitor and evaluate who is the scammed ICO. The best thing that we can to prevent those scammed ICO.. Before we decided to invest our money in that ICO, we should do a certain reseach their team and the roadmap of their project. So that we will know that ICO is legit.

I don't think to there is a way to pinpoint that an ICO is a scam because blockchain is very vast. Another thing why scammers cannot be punished is the anonymity of everyone using the blockchain technology. So to avoid or minimize the risk of being scammed, we should read thoroughly the roadmap and the real product of the ICO to determine the percentage of a legit and non legit ICO.

One day it will be SEC who will check all new ICOs but i know that already there are plenty projects waiting for licenses and SEC permition for start because a lot of bounty projects stopped doing promotion and selling of tokens

As yet, the cryptocurrency is not recognized by the whole world as a means of payment and accumulation. The authorities of different countries are in no hurry to punish the criminals. After all, if the theft of tokens is punishable by law, then it is necessary to legitimize the cryptocurrency. I'm sure that someday it will happen. But now we can only hope.

We can't punish them. And it also which make SCAM ICO multiply. Also right now we're hard to different between SCAM or LEGIT. Maybe we have to make some improvement so, in the future there is no more SCAM ICO.

Since cryptocurrency is not yet recognized by so many countries then I think we can't file any case to the scam ICO. Maybe someone should create a company who's business is to make ICO from its client so we can sue someone if the project turns to a scam, I hope this will happen so people will have the confidence to invest on ICO again.

Recently, there's no such way to detect of scam ICO, the only way is we need to really watch the ICO that we want to invest. For me when there's a sudden change about the terms of those ICO, we need to be carefully, it might one of their way to scam people.

Punishment ? i think there's no bodies of law wanna do that, although if those country give a illegal stamps to "Cryptocurrency" which that means we take the risk and country can do anything much

I think this time the punishment for the scam ico is only in the USA. as has been done by the SEC against some ICO projects that are considered to deceive its investors like the centra project

As far as I know there is no any organization, committee or laws which might able punish participants of crypto market. It is a wrong situation because there are many occurrences of fraud. I think that we must discuss this theme to attract an attention of the founders and major participants of the crypto industry to solve this problem.

depending on the country of the origin. of course there are bodies that prosecute people for scam and I believe it is in every country but tacing online scam using law available in the country where the ICO is located is another problem. cyber crime is one of the most difficult crime to trace especially when cryptocurrency promote anonymity. while few ICO may tell you where their company is being registered, many of them will not even want investors to know their address so you may not try to check if truely they are registered.

It's fraud, years in prison if caught.

I think an IP address ban should be applied to those scammers to prevent them on scamming others. And also they should be noted as a fraud team member of a scam ICO so that others will be aware of their fault and wrong doings.

I think the cryptocurrency market is not perfect now. There will certainly be such an intermediary guarantee company in the future. But it also means that the coin you are investing is not a scattered coin, or you have to pay to follow the trading rules such as the tax.

Ip ban is just like light punishment, sort of cheating on a game and gives you an.ip ban. Mostly it should be in physical, like saying breaking a law regarding about scamming people, though now I havent heard any scam ico that has been solved by law enforcement who trying to accuse them to imprisonment. Now I think there is no punishments, you just need to evade those teams that you know that scam you

Yeah, there should be a kind of punishment for project who scammed many investors to prevent it more.
I think you can know the ICO is scam or not by their community management. Therefore, you must join their channel or social media to find out.

since the whole cryptoworld is unregulated because it is decentralize, it is impossible to apprehend a scam ico but each country can ban icos but not regulation is fitted now to punish icos risk on your own.

Cryptocurrency is purely speculated, few projects are really worth it! but buddy try to read their whitepaper and ask them about github this is the place to be where you can see developers are really have thier product. In case you really want to join their project. Github and telegram is the answer.

This is good requirement or regulation in this technology in order to not commit scams like in bounty and ICO projects. I think if this may happen they will afraid to launched a project because of punishment to occured.

hmmmm...this was something i wished was possible after been scammed when i newly entered into crypto space, i had wished they were a body or bodies that scrutinizes things and vets every new project that proposes to embark on ICO with the view to protecting potential investors from scammers that claim to have projects to deliver and later run away with people's funds.

This is something that starts to become more actual right now because SEC ir getting more and more interested in ICOs and going after those who have mislead and maybe made nad ICo with purpose to scam. As far as investors it will be a long time till they know if they will recive thier funds back. Examples of SEC going after ICOs are CENTRA , TBAR, ShipChain, I do not mind that thet are going after the rotten apples, but if they atrt to abuse every ICO, it will be shakeup of ICO world indeed.

I think this is the biggest issue right now. There is no authority that could hold up justice inorder to penalize those who are stableshing fake or scam ICO.

this is a bad situation, Fruad is higly prohibited. don't know of a better punishment than to arrest every individual invovled in running the scam project and refund  back  funds  to thier  investors. but this may never be possible, crypto is Decentralized. its Tricky..

The way to punish scammers ICO yet is not and most likely will not be, otherwise just 70% of projects will immediately disappear!

Filtering ICO's are not yet possible at this moment. We could never know at first. however the thing is we could investigate ICO that we are interested at, we could do some research and really check them out. but it wont really assures if its legitimate or just a scheme.
Well it depends on the country of origin of the Scam. On the law that can be applied. And the governments that wanted to get involved on pursuing scam ICO.
And in my country scam, are only life time imprisonment. we dont have death penalty at the moment though.

You do realise that we are taking about the crypto projects which are based on the blockchain and the only thing here on the earth thats unregulated and still working with full scale. I think its impossible to track down such people with scam intentions. Because if they are willing to scam the project then they fake everything since the first day, whether it is  ID proof, contract addresses, smart contract, ICO roadmaps, white paper and almost every thing thats need in it. I dont think we can even track them to punish them.

Unfortunately we do not have right now, and of course, we could have one that will and can monitor this scam Ico, because they are vain in our industry and they should be stopped once and for all. but since this is decentralized and anonymous and everything here are unregulated we just do our own research and share your research.

While there is no regulatory entities that would be involved in fraudulent ICO. We have to wait for the crypto market to become completely legal.

Probably regulation is going to end up playing that part but for now, it is a dead end for any scam project to receive any form of punishment since it is an unregulated space. Nevertheless, we have heard of the like of Centra owners being charged for fraud after months of listing on exchanges and even Binance, while later finding out they ended up deceiving investors by claiming what was not available. Well, I believe that is a start! For now however, due diligence is the way to go.

Wrong, you can sue them in SEC for such fraudulent act regardless of the jurisdiction as long as it involves money. Just go to the nearest SEC and sue the Team behind fraudulent ICO. That is if you knew the team behind. Some shady ICO right now are smart enough to hide their identity in pants so that they won't be traced.

If there was anyway to find such people who scammed us then surely we can hand over them to the police and court will take the appropriate actions on them. As far as our money is concerned we can always get it back from them as they should have it with them by applying law and orders. Some serious life imprisonment for them would be bonus to us but I dont think for financial frauds that is an option.  ;D
But surely punishment should be such that they get the lesson and we get our money back.

Punishing them is difficult because first, you've got to know their real identity first. How? In this decentralized world. Filtering them via rating sites are no longer reliable as well. We see them, for example, 4.9 in average in a famous ico rating sites but we do not know how real these ratings us. Just recently, an article exposed a famous ico rating site's unreliability due to ico experts being paid for high ratings. If you are curious about this, google about it.

No there's no possible way to filter if the project is a scam or not since you/we know it once it becomes a scam (Mostly) but there are things you can consider to make sure that the project is legit or has a future such as:

• Credibility of each team members
• Office Address
• Legal Documents
• Detailed Roadmap
• Clear and promising whitepaper

You can check the thread I've made about avoiding being scammed again by different ICO's you can also check there the links about different kinds of scams so you will be aware of it: https://bitcointalk.org/index.php?topic=3196383.msg33152916#msg33152916

So far I haven't encountered a project scam that's been punished by the law. I think there are different punishment in every country so I'm not sure of it.

The common thing people will suggest to filter out those ICO is to look for ICO scorers or ratings over certain websites, well not saying don't use them don't just be fully dependent that every decision that you will make are always up to the scorers, make your own assessments as per the ICO scams I hope there would be a license or somewhat agreements to regulate those ICO's but there is none for now so be extra careful out there.

There is no system that can filter out things like that. even for penalty regarding these events nor will anyone can overcome. Crypto is indeed great things and it has also become a risk if it is entered in the crypto. any Government would not be responsible regarding crimes scam going on.

Many countries have banned the ICO because the government has not been able to handle all of the ICO scams. However, the current purchase of ICO is still largely based on the belief that there is no binding mechanism to punish fraud. :'(

There has been a lot of icos and its really hard to tell which one is a scam or not. The only way to make sure you wont get scammed is if check feedbacks from people. Know the people running the ico by checking their linkedin profile. Check their website if its legit. These are just some points we need to check prior to investing.

So far I know there is no specific way of knowing an ICO scam or not. But you will have so many resources to know in detailed about an ICO. SO doing sufficient study regarding the project, you will be able to know the reliability of any ICO. And till now there is no ruling body established to punish the scam.

it is difficult for us to know the ICO project Scam and which are not, so we should really do the research well, indeed one of us we can visit website and do research there and can know the team that handles the project.

People usually finds out and put a warning to the project's announcement but some dumb people will still saying that the project have a good concept anyway like a band of brainless sheep.
I think that website that list ICO should put a warning to a suspicious project aswell not just gaining profit without caring about the people.

You can do a lot of things to detect scams. Most of the time it is quite easy to do, if you actually take your time asessing the project.

You need to check the team, search their social media profiles, even contact them directly, do a reverse image search to confirm they are legit. You need to understand the project and need the whitepaper. Need to compare the technology with similar projects to see if they didn't steal anything or if it is just a recycled whitepaper. You need to see if they do have a minimum viable product and be able to see it, try it. You can review the code they already have on github or similar repositories.

Now, if you fall into a scam, a scam is people stealing money from you. You could theoretically make the report to your local authorities. But it is an unregulated market, so depending on the country, if they are located abroad or if they cannot be identified, it would be tricky. Will depend on your authorities how far they go in the pursuit.

unfortunately we can't punish them after they deceive us. No one can be blame in this situation. All we can do just let it go and don't repeat that mistake in the future.

Is having a good whitepaper or great community in telegram would guarantee the project of not being scam?

We can not find them. Some projects are anonymous. So I advise you just to invest and learn about projects that have a transparent and reputable development team

Yeah I think so too. They taking investors' hard earned money as easy as pie. Plus they are able to run away without knowing there whereabouts to put them behind bars.

Yes of course there are ways to filter icos to know if they're a scam or not, and usually clues of it shows before and during ico. If the scam is proven, you can accuse the team with fraud or swindling, that is if you can find them, "you can't find someone who doesn't want to be find".

scam ICO projects will never be punished. Because now the government has banned people from being allowed to invest in ICOs, so if we are fooled by these projects then the error is due to us.

To be able to see if an ICO team would be falling under law would be to check the team members location. If you are unable to find that than thats a red flag and you should stay away from the ICO. Also it is very easy to fake all the details of an ICO and there is no guaranteed method to be able to find out if an ICO is going to turn out to be a scam.

Agreed. And it's not that the ICO is not a legislator. Just the only proof that you worked for them is a contract that you don't have.

there is no regulations whatsoever on ICOs and when it comes to investing cryptocurrency in tokens (aka investing ETH in ICO) you can never regulate it so you can never expect any kind of punishments for when  they scam you. the only solution is to not trust them in first place!

if you are so desperate for profit there are still a lot of other ways of making profit. trading altcoins is the most similar way to investing in ICO but with a lot less risk and a lot less scams.

One answer - DYOR. Thoroughly research the team, the company registration details, white paper and all the associated details published in the website. Validate the business model and see if it is a blockchain use case. Additionally check out details such as Working Product, Github, whether there is codified vesting etc.



Yeah absolutely, if the money involved is large, then a regulator body like the US SEC might intervene. But it's not unusual that certain fraudsters manage to run ICO's under absolute anonymity and get away from any legal action because there aren't enough ways to trace back to them.

The fraudulent ICO has been one of the causes for people to lose confidence in the cryptographic market. Therefore penalties for fraudulent ICOs are very necessary. To do this, governments should soon have a policy of managing this secret market. This is what investors expect.

actually like many others i wanted this to be implemented since I myself once become a victim by this damn scammers,i had worked for an ico project to advertising and with four straight months of working they never pay me even a single penny thats why i really hated this kind of humans

I hope in the near future this must be addressed and must happen,to help others seek for justice and win back their losses

As of now, I think there are no punishments for scam ICO. In fact, even an ICO is a scam, they can still make another ICO but different project name. For me it will be better for the community and crypto world if they there will be a clear punishments for ICOs that are scam. Maybe they should be banned in this forum, or even be in prison if they were guilty of scamming people. People invested their hard earned money, effort, and time in an ICO, so scamming is very unfair and unprofessional. There should also be an organization that will implement the punishments.

Punishing ICO scams is a necessity for the cryptographic market to gain the trust of the community. But now, only a few countries can crack down on these fraudulent ICOs because their digital money is legitimate. Many countries can not do anything about them. Investors expect governments to soon be able to manage the market and have proper penalties for this fraudulent ICO.

I reason with your opinion, that why people have being clamoring for regulations on crypto, but it would also have a negative impact on the profitability of crypto

This kind of people must not consider as human,because what they are doing is cruelest for human race and must be punished by death.imagine the hard earned of a people that has been gather for long time and in a single moment that invested in their fake project suddenly gone and leave them waiting and asking whay is this happen.i hate them earning with scamming and dont break their bones for living

Cryptocurrency is solely speculated, few initiatives are honestly worth it! but buddy try and study their whitepaper and ask them about github that is the area to be in which you can see developers are absolutely have thier product. if you actually need to join their undertaking. Github and telegram is the answer

If you want to trace a scam ICO before making investment, you have to do a lot of research and study on the project. You also have to check the team working for the project, their roadmap, their response in TG group, their project acceptance to people. Considering all these things, you will be able to trace an ICO scam or not. However, there is no authorized body to trace the scams and punish them if scam proved.

that would be perfect, but i don't think it's possible at the moment. Maybe after creating some regulations, we'll see less scam ico projects. I would really like those scammers to get punished. So many people suffered from their actions, this is just no fair that they can get away with the whole skin.

We are really helpless here. There is no filtering method to filter out the scammed ICO. We will have to find it out by ourselves. You just need to be careful while selecting a project, Go through their website properly and see the team working behind. This may help you to find out the scammed projects.

As the whole system of cryptocurrency is decentralized and those who are making scam are anonymous,it is quite impossible to find out and punish those who are making scammed ICO.

Law? I dont think that can do anything in the crypto currency project. If they start to make laws for it then surely it will become the centralised part of ICO and that wont be good for us - we will expose with it ourselves. Anyway thats not the point here but im sure making law suits applicable to them is not an option here.

If we were to do the punishment anyway then we can just demand our money back with some interest on it as we lost our time over their investment. They should pay it in the currency that we want or fiat if needed.

even though we have been scammed, but we can not do much thing because they have disappeared from the rosters. On the internet counterfeiting is an easy thing, everything can be edited. It's need hard work to track them down.

I think no body has been set up for that purpose, except if one is going to be set up newly to scrutinize every proposed ICO. I think what we have now are the ICO listing sites whom we need to be very honest and discrete with the type of ICO they list on their sites.

As far as I know there is not straight guideline to check any ICO scam or not. But one can trace that by studying the documents and analyzing the team working behind the ICO. And since there is no legal paper with rules to control the sector, there is no legal body formed yet. I hope something like that will come very soon to monitize the industry.

In order for ICO projects not to be fraudulent or minimized, it is necessary that such projects and the ICO team be regis- tered by authorized state bodies that carry out certain checks and supervision of such activities.
If the ICO team escapes from the collected money, it commits a criminal offense - fraud. In the criminal code of my country, it is defined as deception or abuse of the citizens' trust for the purpose of capturing other people's property and is punished with imprisonment up to seven years.

There have been cases where arrests were made because some ICO's scammed people. One example is Onecoin, which had 119 team members arrestrd in China. You can read the article here: https://www.businessforhome.org/2018/05/chinese-authorities-arrest-119-onecoin-leaders-7-1-million-sized-from-sebastian-greenwood-2-4-billion-involved/

I've heard of an application software which helps to eradicate and filter scams from the crypto market. I hope this will have a great impact on the investors.

The punishment should be jail forever.  >:( i saw many ICOs scammed many investors. Even some ICO's scam millions of dollars.
if you talk about bodies of law, maybe SEC is. They usually having a court with suspected big scammers.

At present, there is no effective supervision of ICO in the market, so there are many ICO frauds, so we must be careful when reinvesting.

I believe that ICO needs a special supervision department, so as to effectively control and supervise the legitimacy and completeness of ICO, so as to attract more investors.

I have not heard about a DAICO platform before, does it work similiar like Escrow where the funds are in a secure, 3rd party place and can only accessed if the project delivers? That would be one good idea...

Thats right. No proper regulation right now and anyone can do an ICO even anonymously and raised funds  and run with money /btc being scot free. This is being pointed out by several people already and government are doing thier best to formulate rules and accountability about this matter.

I think, if Crypto market has not been fully legalized, so you can not do anything. But in the future, there will be less fraud because the government is in the process of doing the work. So when you participate in it you've done something illegal, you can not run into the law and tell them that you are doing something illegal and now you want to punish others.

Punishment. How?. As cryptocurrent is fraught with risks and without any involvement from the government. A good environment for criminal activity. Please understand that.
In the beginning, everyone probably understood that "risk" is something they have to learn and accept as soon as they enter.
It's only possible that we rid ourselves of this community: scam.
No one but us will help ourselves. Let's scrutinize and thoroughly understand that is the advice now.

At the moment, the monitoring of compliance with the legislation by the organizers of ICO is only for those projects that accept payment from US citizens. In this case, the organization that controls such projects is the SEC.

Some of these are posting fake accounts, so you have no way to know where to go after even the authorities, so the best we can do is to follow the project investigates do a research if the project is real and the people running it are not fake accounts, because you know who and where you are going to get after if their project turn scam.

The crypto market for investors' confidence is legalized in the Republic of Belarus. The president and the government issued a law that regulates the work with cryptography. Fraud will be considered from the point of view of the Criminal Code.

Well, there is no legal punishment or action that can be taken on ICOs since there are somany ICOs scamming, it's like people using torrents. Using torrents is illegal. But there is a huge amount of people doing it. Who are you going to catch. Same case with ICOs. What we can do about it is remember the names of all the people involved in running the scammy ICOs, create a gloabal public datasheet and share their names with everyone so everyone can be aware about their unethical conduct.

That is the risks in the digital world. There are always people who will fool others just to get money in illegal ways because they know that their real identity is hidden and people would not trace them. Sadly, you cannot go after these people because you dont even know where to find them. Punishment, maybe just let karma comes to them.

There are always scammers in the world. The cryptoworld is decentralized. No regulation can control. They control the institution in some countries but scammer can use free land to make artificial office to fake the fragile investors. That's is why SEC in USA only, how about ICO office ofshores far from law and justice. In the end, it is your decision to participate in ICO or not. It is your decision you are scammed of not. Everyone doesn;t lke being scammed.

i think at first every project before launch their ico must have a license for held an ico event sale, so that will reduce possibilities of scam project.

Any investment has a risk, which needs to be known in advance. Unless you are on the stock exchange, you must bear it yourself if you lose money, but the punishment for fraudsters will not be used to subsidize your losses. So don't expect this.

I think it will be difficult, we know that cryptocurrency is anonymous and that means no one can know the someone's personal data. besides, there are some countries that forbid crypto and certainly, the government also oppose the existence of crypto. all of this has a risk. and to avoid the scam ico we can choose a good ico by looking at whitepaper and their telegram group. if it is good then we can follow that ico.

It's hard to know whether there is a law or not for them, for example like MMM, they say dare to invest bravely also take the risk, and it really is a fraud, but still can make MMM 2nd to any fixed running and finally scam. For ico alone maybe we can see their CEO, if he has committed fraud, do not dare to invest in their new ICO.

There is no way to find out the scammed projcts. Its totally on our intuition and experience by which we can sense it. And as for the punishment of scam project holders government can punish them as per the law of the country. Many scammers has already been arrested with such accusation

The problem with these ICOs is that once they exit scam they are untraceable due to cryptocurrencies being decentralized and anonymous. Also many people don't even check the background of the dev team and if the profiles are who they actually are. Thats why there needs to be some regulation brought into ICO markets.

The way to punish scammers ICO yet is not and most likely will not be, otherwise just 70% of projects will immediately disappear!

I think, by the system of trust and so it is clear with whom you are dealing. If a person has a negative reputation (check the account) - then you do not need to participate in his companies))) Those who have too bad reputation, and so they are banned. Well, a new account with positive honesty on this forum is not so easy to get.

As far as I know, there is no way to filter ICO or the agency responsible in this regard. in the world of cryptocurrency you are responsible for yourself if something bad happens

Unfortunately, people can easily deceive other people and go unpunished. At the moment this sphere is not regulated in any way

One day it will be SEC who will check all new ICOs but i know that already there are plenty projects waiting for licenses and SEC permition for start because a lot of bounty projects stopped doing promotion and selling of tokens

Nothing punishment about scam and fake ico, we have really ready for faced what ico have we joined and invest. Before joining investment on ico project we have filter which one best and good ico to take for investing much money ? not rule and law for owner was scam an ico project because many country have allow for launch an ico project is making illegal transaction and legal protection for costumers have invest on ico project.

first, its hard to filter and to know if an ico has an intention of scam.
and there is really no law or any punishment for that. how are you supposed to get them punish if you are not able to know their public information.

No, till now no such possible ways are found to detect the scammy ICOs right away. We have to be very observant, study all papers thoroughly before investing on any ICOs. No actions are till now taken against the scammy ICOs.

There are many con artists out there who are getting away by scamming people and the government is trying to come u ways to track them since they are all anonymous. All we can do is to keep our eyes and ears open and be cautious. Currently, there are no punishments for scammers because the users are all anonymous.

From my perspective i think if anyone goes in a wrong direction he/she must be punished. That's why ICO punished for fraud. I support this because i always being with legality.

I think Cryptocurrency is purely speculating, as there are some very valuable projects, but buddy try to read their whitepapers and ask them about github nowadays is a place where we can see the developers really have their current product, nmun If we are right want to join their project, Github and telegram is the answer for now.

There have been action taken on some ICO's that have cheated people, but only ico's which are considered to be security are penalized by SEC. These days to get over this problem, most projects do not even do a ICO, they opt for private sales.

As the whole system of cryptocurrency is decentralized and those who are making scam are anonymous,it is quite impossible to find out and punish those who are making scammed ICO.

At the moment, ICO is not regulated by the legislation, but there are countries where the first steps have already been made for this. The point is to prevent companies from going to ICO if they don't have a sufficient budget and development plan. For the selection of projects, you should analyze the idea, the roadmap, evaluate the realism of plans, study the portfolio of the development team. But even this will not give guarantees that the project will reach the exchange.

As I know several countries are developing laws to cover ICO activity and also ICO risks with ICO founders responsibility. So punishment for ICO scammers will be real soon

the ICOs that get to become scam ICOs are most times not having any valid details as to contact or communicate with them with or identify them. so, getting to sanction them is almost  impossible as there is no face or licensed company name to bear the sanction

I agreed that those ICO's must have a punishment whenever they are proved of doing scam. The manager of that bounty campaign must have a retrust inorder for those bounty hunters to have an idea whether it is good or bad to join that campaign.

Know people running ico by checking their linkedin profile. Check their website if it's legit. These are just some of the points we need to check before investing. it's really hard to tell which one is a scam or not. The only way to ensure you will not get scammed is if checking feedback from people

So far I know there is no specific way of knowing an ICO scam or not. But you will have so many resources to know in detailed about an ICO. SO doing sufficient study regarding the project, you will be able to know the reliability of any ICO. And till now there is no ruling body established to punish the scam.

Unfortunately, now there are no laws on which developers of fraudulent ICO projects would be punished. That's why everyone says you should be very cautious about your investments.

This would actually be really great but can't happen thanks to one of the best things about crypto which is anonymous transactions. Would be great if a way could be implemented where people behind ICOs only could be identified and have the rest of their crypto transactions remain anonymous

I think the best punishment on that is to be in jail in lifetime
because the thing they do is not really good and they can destroyed the peoples life once they feel upset once their money is scam by other people.

Till will have no KYC for admin of ICOs, noting will change and scams will be more and more than now.

There must be regulatory bodies before such actions can be taken, but i have not yet heard of one. The scam nature of most icos is the reason why most countries dont allow icos. The thing is simple, if they run with your money, no one can trace their whereabout. But with regulatory bodies, all these things will stop.

I do not think there are any regulatory platform or laws that will make that happen. It's always best for everyone to be very careful when it comes to this issue. Once you get scammed in any ICO project, that's gone for good. There are apparently no regulatory bodies you can run to when it comes to ICO project being a scam or not.

To be honest, I have read a lot of scam ICO's and bounty hunters complain about an ICO they worked for being a scam. However, I never read or heard anyone from the ICO team got caught or being punished because of the crime they committed. There is a law on this but if they are unable to capture the culprit, then there is no one to sue. No CASE to file. Just a chase and police will give up eventually.

In my opinion, all of us will really hope to be ignored from the scams. Yeah, whatever happen, scammed is very worst and it is unfair that makes many people lose their money. However, to stop or to know early avoiding scams or giving punishment, I think it is difficult. Many people over there really know the lack of the crypto. They make a great-like ICO to attract the investors. After getting money, they go away and we are scammed. this is part of our risks investing in crypto. therefore, to avoid the scams, the only one is to analyze the project as careful as possible. By understanding their team exactly.

It's difficult, because of different aspect specially the identity or the solid information of the origin or group of scammer ( or even individual ). The fraud website or crypto project can delete automatically if they want too in just little interval of time.

That`s great idea, but I think its impossible because before you can make a team to determine whether the ICO is scam or not to punish the scam ICO, need you first to build world wide agreement about the legality of crypto currency in the world because need to know ICO is not for one specific country but for all, so we need to legalize first crypto currency in all country in the world before we can make the  world law finishing the ICO scam.

I think there are remaining country in the world that ICO is still illegal so meaning whether the ICO is good or not its still prohibited and violation of their laws, so in that point its your own risk if you are going to invest there, even though you know that`s illegal and its not the responsibility of the government or other people.

 

As the whole system of cryptocurrency is decentralized and those who are making scam are anonymous,it is quite impossible to find out and punish those who are making scammed ICO.

 I can say that not all of the ico's initially were scam, some of them just don't gather enough money to achieve their goals and we should not blame them, because it is not in their responsibility sphere.

I think it's impossible cause there is no country has clearly rule for cryptocurrency so if you've been scammed by any ICO project then you can't do anything to punish them. At first you need to complain yourself first cause you couldn't find out a good ICO project to invest in :). There are so many scam ICO projects but seem like all of them are still fine.

There are a few instances of Scam ICO's being pursued by legal authorities but they are usually only the real high profile ones. The difficulty is that laws and law enforcement tend to be country specific and the Scams work across international borders and the victims are spread all over the globe. So you may get someone that raises $10,000,000 in their ICO but since there might be only a few victims in the country where the ICO was based the Police will often be uninterested in following up on it. The best advice is be very careful what you invest in because if it turns scam chances are you will never see that money again.

It must not  become that  demanding to reveal a deceitful project, just prove the promoters considering their published profiles reliably and choose if those look honest.

I don't see any ways of punishing scam projects because it is impossible to get access to their wallets and the identity of the team.
A specialized legal body (preferrably an international one) could be created in order to control ICOs - it could impose certain rules like compulsory registration of the project in a unified register and revealing personal details of the project team.

Unfortunately, there is no way to identify a project that is phishing at this time and ico is not yet controlled and verified by the authorities. In addition to eliminating them in different ways. It's best to talk directly with the community manager on the telegram.

In my own opinion, you cannot easily determine if the ico is a scam or legitimate because all of them are good for creating advertisements so the best thing you can do is read the platform before investing a huge amount.

I have not heard of that yet in the cryptocurrency world and this is the reason why scam projects are on the increase nowadays. We need a regulatory body to issue ICOs else we will be scammed always. People are using the anonymity in crypto to kill their fellow brothers.

There are several ways to determine whether the ICO is scam or not, from fundamentals up to the highly technical and detailed scrutiny of the project's product. But to those who are only aware of the basic ways, perhaps it is only up to reading whitepapers and understanding them up to a certain level, reviewing the teams and their website and other media, raising questions and concerns to the developers, and so on.

As regards legal commitments, it would be up to the country where the project is duly registered and operating. They will be answerable to their laws.

personally, I think, There is no legal body that handles fraud cases caused by the ICO, maybe this is the reason most ICO continues to fraud investors and hunters rewards, I think legal entities should be formed so that ICO-ICO can be corrected and supervised. should you know before putting money and time into one of them, better protection than care You should know how to protect yourself from this scam before it happens?

Most countries will have a cybercrime division of their law enforcement, so if the ICO is based within the borders of a country with one of these then I would assume that they could be used to intervene. Some stricter regulations governing the running of ICO or a more accepted and secure escrow arrangement would be really beneficial to everyone.

At first there are no ICO project which accept real money for investing and all investors only can use cryptocurrencies to invest in all ICO project. As I know there are no country has any rule about cryptocurrency so I don't think there is anyway to punish scam ICO project :). Maybe if you can find them out, you can give them a punch on their face then you'll be sued because of assaulting

Unfortunately that's a side effect of decentralization that makes a scammer anonymous and unfindable. Plus there is one more negative thing that is there is no way to find out if an ICO is going to turn out to be a scam or not. That's why some regulation is necessary in the crypto markets.

Well, the punishment for scammers should be. But for this, the ICO must be secured at the legislative level. Some countries try to punish scammers, but very often they avoid punishment. Now the forum undertook to punish the managers who are conducting fraudulent campaigns. Let's hope that in the near future there will be less scammers.

In this field, law is nothing. Law is under by a government so when the government ban crypto there's no law. In crypto we have only rules and regulations and its up to you if you follow that or not so if you don't want to be scam just be careful to choose ico projects.

I think so many people have gotten scammed over the years that eventually it will have to head towards some sort of regulation I really don't like the idea of the govnt getting involved, but if some sort of self regulation showed up that would be awesome maybe a project will be able to develop something of the sort that can actually punish (or better) completely prevent ICO scams there has been too much of that going on in this space it really puts a damper on the whole ICO market....

I think the most appropriate punishment for ICO for being scammed is will coming from law the one who will take care of it,
because i believe they know what the best to do in this situation are.

I don't think it is possible to have some bodies, who will be responsible for it. Unfortunately, everything has its pros and cons. So in crypto cons are great amount of scam. The only thing we can do is be more careful and do researches before investments and also help newbies not to do such mistakes. So as a result it can decrease scam projects.

I think that's what many countries are working on now. They're trying to find mechanisms of trying to get ICOs registered so that they can trace back to any one who scams people of their money. To me I think the punishment will be huge (jail probably), because you can't just scam people outta their money.

Cryptocurrency industry is changing day by day now we can see few scams, people's are aware now to choose the investment. Earlier it was too easy to scam the people's with many lies about unofficial partnership, fabricated testimonials, dissemination tactics. I think SEC is doing good but it falls under the US judiciary only. There shouldn't be any bodies formed to regulate and  approve ICOs as this can lead to corruption and this industry will become more centralised. It is upto us to choose the project and take decision after researching only.

You just need to have experience on this, you are not going to discover scam icos unless that you see the way that it works and the way that they are scamming the people.
As an example, the fake profiles, the fake telegram joinees, and a lot of other things that are in there

We are really helpless here. There is no filtering method to filter out the scammed ICO. We will have to find it out by ourselves. You just need to be careful while selecting a project, Go through their website properly and see the team working behind. This may help you to find out the scammed projects.

Unfortunately the ICO is not regulated by anyone and the scammers use this opportunity to raise money. I think in a short time will begin to regulate the conduct of the ICO and not allow fraudsters to raise funds.

Discipline is inconceivable in ICO on the grounds that in the event that you have appropriate to pick your own so before to contribute you should read the task subtle elements assume it will trick in future you are not get the correct stage. Since numerous people groups are expecting more benefit in Crypto stage so specifically put resources into ICOs are some other exchanging. In any case, each stage is anything but a straightforward in apprentices so we should buckle down in each stage we will procure benefit.

I think this is more reasons why some regulations have to come in place. Although, not that cryptocurrency should be centralized, but that every ICO should pass through a regulated channel and be duly registered under a body. I think by this, investors will not be afraid of investing. Notwithstanding,there are still wats of identifying scam ICO.

If a person has a talent, then he will definitely use it, so there's nothing you can do and you can not always track a scam, and in this respect ICO will always be vulnerable!

There's not much you can do about it. You can report them to local authorities ofcourse but pretty unlikely anything will happen.

Until the market is legalized in the international market, it is unlikely that something will be changed in this regard. But in any case I am sure that the number of frauds in this direction will gradually decrease.

It may not  result that  burdensome to recognise a fraud project, solely confirm the advisors using their social profiles reliably and establish if these look legitimate.

The good thing about crypto world is that it is extended all over the world and the bad thing is that it is extended all over the world. Now it can help make it a big industry but at the same time it needs a very heavy strong regulatory authority which in this current situation is not possible. But i believe once the whole world embraces cryptos, then it will get regulated and then scam ICO's will be punished.

So far I know there is no specific way of knowing an ICO scam or not. But you will have so many resources to know in detailed about an ICO. SO doing sufficient study regarding the project, you will be able to know the reliability of any ICO. And till now there is no ruling body established to punish the scam.

Punishment is necessary for scammed ICOs. unfortunately, its remain on looking for investors. there're no law that was required for ICO.
The Government have to manage it in order to validate the team behind of any project.

In General, each country has its own laws. But here the situation is a little different, the scammers know how to bypass many laws, while remaining anonymous and thereby mislead the society. I believe that until a single system of tracking and registration of ICO projects is created in the world, fraud will flourish. But unfortunately, geopolitics at the moment is not yet ready to make such global decisions.

Till now, no much regulations are there to punish those ICO who scammed people after their issue and run away with money. Regulations are demanded for all these reasons as when this crypro currency market goes through regulations then no one can scammed people as they bound by the rules and they can be punished for any scam. Many countries are going forward to regulate this market.

So far, there is no regulation and authorization, which is responsible for taking action on those ICs, who make scams, and disappear by taking money from the innocent people who invest. There is a great need to create a special international legal body in order to control the ICO, to prevent the scandal in this market and to make the market prosperous.

In any industry substantially more the individuals who are online in nature there will dependably be individuals who are utilizing their gifts, aptitudes, capacities and imagination to trick and snatch cash from other people...and we are defenseless in really altering their opinion so the best activity is for us to be dependably be watchful. This is one ground why numerous nations are directing (and notwithstanding restricting) the assistance of an ICO in light of the fact that controllers feel that they should ensure their nationals against the conceivable tricks. Presently, in my view the most ideal approach to manage this is to have body set up by the business itself to screen ICOs so that "speculators" would not be denied of their cash and time. The well known Vitalik Buterin proposed the DAICO stage which has component to ensure the ICO members and I imagine that it ought to be expected of all ICOs...but on the other hand in a decentralized market there is an issue with reference to who will actualize it as we as a whole here on a deliberate premise. We require controls with the view to ensure the speculators yet not to execute the stage and self-direction is the most ideal way.

Perhaps in the future the situation in this respect will gradually change. But it is hardly possible to talk about a complete correction of this situation, because there are no organizations for control of security yet.

Investors need to be more attentive to the choice and evaluation of the project - this is the only way to protect themselves. There are no other tools on the market yet.

Regulations for ICOs are needed worldwide as it is impossible always to detect the scams Yourself even if You make Your own research.
Investors founds must be protected somehow as it has no sense what is happening nowadays .

We have to admit that in this respect we are absolutely helpless. Even the most successful investors have already accepted this, they realized that it is necessary to carry out a thorough assessment and analysis on the market independently.

a regulation of the ico would be good, but certainly very difficult to implement. many countries have different laws and it will be difficult to regulate everything icos. but even if icos are regulated, cheaters will always look for and find a way to make money with it.

There is no authority that could hold up justice inorder to penalize those who are stableshing fake or scam ICO.

Know individuals running ico by checking their linkedin profile. Check their site if it's genuine. These are only a portion of the focuses we have to check before contributing. it's extremely difficult to tell which one is a trick or not. The best way to guarantee you won't get misled is if checking input from individuals

if there are any bodies of law certainly it would be very helpful because it can reduce the scam ico. we know that the scam ico is very detrimental to investors and bounty hunter. we should be able to choose a good ico to avoid the scam ico by looking at the whitepapers and the teams that handle.

Let's be clear, ICOs on rare occasions are plain deceitful or fishy project,  It's my view that the certain problem frequently is usually one awful business conception from the beginning.

At this stage it is impossible . but over time will decide this question . But now only deep Analytics will help to reduce risks

I can state that not the majority of the ico's at first were trick, some of them simply don't accumulate enough cash to accomplish their objectives and we ought not censure them, since it isn't in their obligation circle.

I am also agree that some ICO who were turned to be scammed will be punished by the law and also its a good option that there is a punishment for it so people will easily be aware where to invest and its a good move for those legit ICO's because they get less competitors as well .

Currently there is no system, by which we know that the particular ICO is good or bad.
And also at current situation there is no rules & regulations for ICOs, that's why they played with the emotions of investors or bounty hunters and scammed these people. 
I think there is a compulsory need of regulatory body to control ICOs because if any ICO being scam people, then there should be take legal action against them and also gave punishment of life imprisonment to these types of people by regulatory body. So that no one can think to cheat or scam people in the future.

I think that as for any mechanicheskiy scheme,and especially as Negros and and very strong,as people spend years desyateletiya life to zarabotat money and invest in some project,and live well,and when these Scum throw people,they steal their lives,part of lives spent on the accumulation of money,so the punishment should be sootvetsvenno,according to the law of Karma

Right now I don't think there is any punishment for scam ICO since it decentralized and also most of the ICO are not regulated... The major reasons why there won't be punishment for them is that it not been control by the government.

.
Yeah it's good to have that as an extra protections for investors the problem is crypto is not centralized that's why its really easy for scammers to
play with investors, they can quickly put up scam ico's allowing people to believe but it turned to scamming investors money without a trace, hope
there's a way tracking them and give them appropriate punishment.

Crypto is decentralised and government have not really gotten hold of it that's why they always warn their citizen. Currently, most countries don't regulation yet except out right ban. Thats why ICO that are reviewed by ICO review sites tends to be more legit because the team are already well know, they wouldn't want to scam

The Crypto currency is decentralized and is not controlled or regulated. It is extremely difficult to attract fraudsters to accountability. I believe that those who conduct the ICO need to go through special verification with further criminal responsibility.

There is no punishment for ICOs that end up being scam as far as I know, what I see here is that we need to try to prevent this, then on this platform we have people calling projects out once there is a suspicion of foul play somewhere, but that has reduced significantly recently. For me prevention is better than cure

In my opinion, governments should recognize cryptocurrency, and then they should consider ICOs as startups and make ICO rules, otherwise investors will be more at risk than making money from ICOs.

According to my personal opinion, there should be an authority or some code of ethics in the crypto industry also. Its true that this is a decentralized platform but still there could be a 3rd party body which can be used for ICO regulations. Like if an ICO is verified through that party, the trustworthy is guaranteed kind of procedure. Anyway Keeping that body independent is a very tough task

the emergence of the ICO cannot be stopped. even though it was a scam but also difficult to predict. ICO scam can only be reported and given notice of such action and for that, the ICO will not be known and will not be able to be punished.

There is no administering in that field. ICO is continually flying up without anybody having the capacity to control even from various nations. regions of law taking care of it likewise don't know without a doubt in light of the fact that the ICO itself laden with vulnerability and they didn't try to deal with that kind of thing.

It's difficult to know whether there is a law or not for them, for instance like MMM, they say set out to contribute dauntlessly additionally go for broke, and it truly is a fake, yet at the same time can make MMM second to any settled running lastly trick. For ico alone perhaps we can see their CEO, on the off chance that he has submitted misrepresentation, don't set out to put resources into their new ICO.

To make sure, in fact, that the ICO team will fall under the influence of the law, will inspect the location of team members. In case you can not find, in fact it's a scarlet flag, and you have to stick to the ICO away. It's still quite easy to forge all the details of ICO, and there is no guaranteed way to recognize whether ICO will turn out to be a scam.

This is not feasible, but let's prevent and block the intentions of developers. Currently, I find ICO projects on the NEO platform quite close, most of these ICOs are serious and practical in real life. As a result, many investors believe in joining the ICO projects on the NEO platform

It is hard to predict whether ico is a scam or not. It can be well-developed scam. The only obvious feature is that scammers are afraid of publicity, so they will try to avoid meet ups, passing KYC etc.
Also some scams can be found by analysis of transactions

That is where crypto or let me say ICOs miss it. There is no body or law guilding ICOs, that is why many ICOs are coming on board with the intention of scamming their investors. I wish there would be a regulation to guide the mischief of these ICOs.

the cryptocurrency is not denoted close to the hale macrocosm as a agency of pays and accumulation. The control of at breach states are in no rush to penalise the criminals

I think Cryptocurrency is absolutely guessing, as there are some extremely important activities, however amigo attempt to peruse their whitepapers and get some information about github these days is where we can see the designers truly have their present item, nmun If we are correct need to join their undertaking, Github and message is the response for the time being.

Have you heard about DAICO platforms, they work similar like Escrow where the funds are in a secure, 3rd party place and can only accessed if the project delivers? Do you think these would be able to tackle the issues around ICOs you described?

It is hard to get in and find out who exactly is behind the project. They vanished, they gave fake names. They took the money and disappear. Those people will be hardly light to catch. They usually pay attention to details and so they wouldn't be possible to catch. It isn't fair, I know, but there is little we can do about it because there isn't any law about that.

There is no law created to punish these people for commiting this scams because their identities are often fake. The only thing we can do about it is we should be more careful, be vigilant and we check thoroughly the ICO's legitimacy first before being part of it.

Cryptographic money industry is changing step by step now we can see few tricks, individuals' know presently to pick the venture. Prior it was too simple to trick the general population's with numerous lies about informal organization, created tributes, scattering strategies. I think SEC is doing great however it falls under the US legal as it were. There shouldn't be any bodies framed to control and favor ICOs as this can prompt defilement and this industry will turn out to be more brought together. It is upto us to pick the undertaking and take choice in the wake of inquiring about as it were.

Nowadays it is very difficult to stop them, because the blockchain technology has lost a lot of privacy and so the anonymous based on it performs its behavior in an unstructured manner.