Bitcoin Forum

Hello Everyone,

I recently came across many coins which were made to scam from the beginning .... putting up high ROI and huge returns compelled people to join the race and in few days time the dev's scoop out leaving large number of investors stranded and summing up huge loss ... some I know gather bits from there income and trusted a coin and invested in it... some had surplus to play around but ultimately everyone lost their money to some sneaky guy who made the coin... Im sure this is the way world moves but as an individual I seriously think that there must be a way to let people get what they lost so as to keep the faith in cryptocurrencies... as I personally feel that if this trend goes on I m sure everyone will turn around from cryptocurrencies... I would personally like few opinions from the community as to what can be done... please add to the list below what you all think

1. Take the source code off existing scam and turn it into a valuable asset so everybody who invested get the returns and more community joins in.
2. Keep up a system which keeps track of the developer and should compel them to regularly communicate so it dont get marked as scam.
3. ?? please add your view

Regards

 

Every day a new project is announced. And I am afraid that more than half of them are SCAM. It is very difficult to find the truth. It seems to me that there will soon be an improvement.

When there are scam coins, the best way for you to do is to report that in this forum about the scam accusations thread. And by that it will be greatly appreciated by all. Everybody will be alerted that it is scammed coin or project.

Be careful and please report for eveybody's security. Do not ignore.

Before alerting everyone about scam coin make sure you have authentic fact about your claims. I have seen in so many cases where an ICO and a coin was tag scam but it turns out to be a legit project and coin.

This is really very dangerous for new even old trader. We can see every day many new projects are coming and it's really hard to find out the real project. If anyone misses to find out the real project then he must trap. So we should aware and spread the awareness if we can see any scam project. So we will safe from scam project. So before investing in any new or old project, we should study the project to get proper information about the project.

This issue should have been raised at Altcoin discussion  forum
If we find some project with a scam it is our liability towards other members to immediately intimate about them.  By doing this we will save our members  from becoming prey to them.  
Even we may prepare a report and sent it to some financial news papers,  By doing this we will be helping general public being alert from scams.  
OP though talking of scams but have not written even one single name of scam project. He must have mentioned the names too.  

Scam is almost taking over the cryptocurrency world. ICO scam has reached 80% so far in the year 2018. This is appalling and something serious has to be do about this menace otherwise people will no longer invest in icos until the coins are listed on the exchanges. I think a reputable body must be established to check all about an upcoming project and certify it scam free before people are allowed to invest.

Special surveillance should be placed on them,including the originators and when caught they should face the long arms of the law as deterrent to others,I believe technology should have to that.

Yes! projects appear every day. And I am sure that 90 percent of them is a Frank SCAM!
Another 8 percent is a disguised SCAM. The project has some idea, a small team, a website, etc. Another 8 percent is a disguised SCAM. The project has some idea, a small team, a website, etc.  The price of tokens will fall immediately after the ICO.
that leaves 2 percent of the projects... Only 2 percent!! These projects must first be selected. And then try to invest in them..

If you find a SCAM project you must report it in this section: https://bitcointalk.org/index.php?board=83.0
You must spread to many people that the Project is fake, but you must have strong evidence.

Help the community by informing others what you know about that coin.

And if you've seen  people who are very much interested with that coin, warn them. At least you did the right thing of telling them what you know on where their money is heading.

Create a scam accusation as said above.

I think your second solution will be so much complicated especially since there are coins who wants to promote anonymousity of its users. Which will then make devs unwilling to divulge their identities.
.
For me one of the best way to avoid falling into scams is to first study and research extensively on the coin or token you wanted to invest with.
Do not be enticed simply because everyone is already investing on it.
Do your personal research first...

Well as far as I know people don't blindly invest they are either lured by high ROI's or they get too excited when researching this is what leads them to pitfall... best of all one should educate themselves and if all the active member's try to post few links through which a person can learn it would be very helpful for reducing the number of people falling into the trap...

Regards

I agree. It'll be much better if people would be aware of those coins that are not worthy of investing in. Reporting and posting scam coins that people had encountered will be pretty much appreciated since it'll save them from investing on something risky and unprofitable.

Just stop to invest into SCAM ICOs or Scam Coins... They will be dead soon.
You have to stop to believe into useless projects and fake projects, people must be smarter!!!!!

Good points but most of people not even into source codes just they follow the hype to get more profit even from scam coins , just simple words : Report - never go all in on any coin even was not a scam coin.

One cannot initially differentiate between a scam ico or scam coin in the begining phase... and people are not so smart who can easily differentitate.... that bring me back to the point what can we as a community do?

It’s pretty common now to hear of investing opportunities in the crypto world that promises a daily or monthly rate of return. Let’s be honest, the allure of overnight riches is a tantalizing proposition for anyone, and that can foster an impulsive motivation to participate in such schemes. Practically speaking, however, it is close to impossible to generate consistently fixed profits. Offering fixed returns require a constant revenue source, and unless they sell a product or service to substantiate their revenues, the only way to sustain high, guaranteed profit rates is through a Ponzi scheme. Ponzis are fraudulent scams that generate returns for old investors using investments from later investments, without any legitimate operations.Some typical referral structure entails individuals promoting a certain Cryptocurrency-related investment scheme and the only way to participate is to click on their referral links. MLMs are extremely easy to identify since the main source of revenue generation is through affiliate marketing rather than dealing with actual cryptocurrencies.

Before you invest in crypto tokens! you need to conduct a very good analysis of the company and the whole team! only so you can not get to scammers!

then what, if everything has already happened? Will we get our money back after previously investing in the coin? or will we get compensation for our futile hard work?
I think the report will only stop the project and not return everything.
it looks like we can't do anything on a coin scam.

The source code is going to be worthless because most of them use open source code as their base. I don't think any scam coin will put significant effort behind their development so they'll only be making a few changes. Their focus would be on marketing.


This doesn't actually stop them from disappearing abruptly. I don't think anything outside physical surveillance would work, and not even legit teams would be willing to subject themselves to that.

All we can really do at this point is to tell people not to fall for flowery promises to kill their profitability. Considering how prolific scams still are though, despite all the information we might need literally lying at the tip of our fingertips, it's never going to happen.

yes right, it must be properly sorted and controlled.
so that no more investors lose because of fraud. we also have to contribute to this. warn everyone about this fraud...

yes, tell a lot of friends if the project that you have participated in is actually a scam, so that not many other members will be affected by scams, help each other and give information to each other, because that will minimize the scam project

now there are a lot of scam coins, all the bounty wages are scams, a lot of bounty work is scam and disappoints the followers of the campaign, if I choose the bounty choose the project whose sales are successful and the sales are already in coinmarketcap.

according to report, 80% ICOs are scam, so, we need to use our brain a little to investigate any new ICO. Also, there can be a central database to list scams.

The main thing is if you find a scam project, please post in this forum then comment on their social media and say that this is "SCAM" so that it will reduce the number of victims who will be deceived.

I think this is a kind of euphoria on the blockchain world.
Imagine that you are given a good application, or a new picture book, complete with stationery and drawing tools and you just have to make a good, artful, valuable and tradable picture. There will definitely be many who try it, right? What I see now is that there are so many projects, but many are forced to make them. We only need to choose and wait for which projects are really good, appropriate, and applicable in the real world for the next several decades. Or if you want, you can create your own team and start working on your own project.

Day in day out developer create a coin without purpose but just to collect money from investor and they pick race. There are lots of project like, where by they create a good and attractive internet site with a fantastic graphics just to convince investor.
But as a good investor don't let those be your focus.
Check the feasibility study of that projdct
Check for purpose
Check the whutepaper
The team behind such project. Are they team that are there to protect their personalty or who didn't care.
Check the advisory board

Need to investigate new ICO first before invest in to it.

Maybe, to prevent being fooled by scam coins, we should study and read more on the project, their purpose, their goals, the feasibility of the project and many more.

Not everyone can figure out which is a scam project and which one is not. The people who have already decided to scam people then they will come up with a very high professional white paper, roadmaps and other details by paying a high fee for developers. Because they know that they can make many folds of that money if people believe them so they are ready to spend that initial investment. So people need to check the team behind the project and whether they have done any projects already or not before investing. Not so easy to find out scam projects.

More requirements such as verification for the team member, clearly Office of the project, MVP etc.

This is biggest red flag, I hope people realize this sooner rather than 'after' getting scammed.

scam coins should be ignored from the beginning. To know whether the coin is scam or not, we must do some due diligence strictly.
If we ignore it, the ico will be failed and the scam developers will bankrupt because no one invest on it.

Well it feels good to see so many people are actively participating in giving their view... I highly appreciate your opinions and views and am thankful to everyone for providing insight for moving forward with my project... though I learned what community thinks which helped me to eliminate the loopholes in my project... Will update everyone in this thread when I have my proposal and model of my project ready...

Thank you everyone for your opinions... I wish this scam should be stopped but its not possible at all though we can work on measures which can help the people who invested and got ripped of their money to gain back what every they can... this is my view of my project and would need everyone's support... as I do not believe being greedy or ripping people off their hardearned money will let the scammer survive for long... but its just a way to build trust amongst people about the cryptocurrency

Regards

me too too ....
I also have trouble about that ...
I have been in the bounty for four months but until now I have not received a token yet, I have a price

There should be sources to test coin from experienced investors, I think it's more helpful than searching the toolbar for a bunch of information.

I don't think we should let the government come in and regulate, this market should stay free and unregulated.  There may be a few scams but its the cost we pay to be decentralized.

Well, what you do if you find a fiat pyramid scheme or a ponzi one. Prob you will warn everyone you know to not invest and stay away from it. Here you need to do the same.

The people need to be educated to not go into these schemes and with an effort from those reporting the schemes they found eventually it will stagnate.
There is nothing much the authorities can do, since most of the time (like 98%) the person behind the scheme it's not known.

To avoid scams, it is better before we invest we do research. Research is important to choose the best coins and to avoid scam coins.

One sign of a scam project is its high return for investment. Make a doubt about this words. Mostly these are the scam project make a huge attraction to the investor. Avoid this kind of project, also in this world. Onky trust you self and ability to research the truth behind about a certain project

Indeed, there are teams ready to implement their ideas. Live their project. And may be able to be located here (and this forum is also created for information about the blockchain) can advise and check ICO. Maybe it's the same?

#support SecureCryptoPayments

There are several ways to detect a scam. It includes project feasibility and potential market. Project feasibility can be determined by simply thinking what they are proposing on to us, will the project works? Is what they are presenting is attainable? Do we really need that project? Is the project the best solution among the alternatives? Well considering those question and you got a nice answer by reading their white paper then it is feasible while on the other hand, we should also consider their potential market. Who are the target market? Why would they pay for platform's service? Will the project  last for a long time for a susutainable income in the long run? If these were answered nicely then check their legitimacy like knowing the developer's and adviser. Where are the project would be incorporated? It is necessary to avoid future complications in legal matters.

When you know a scam coin you should find out and take out them and warn people on the big forums.

Everyday there are a victim of scam, even though they know about scam still they become a victim can't avoid the scam if you don't really know who people you trust and if you don't know how you keep yourself to the scammers. My advice to people who scam please be careful and lesson learned. And stop using and believing to the useless and scams projects the more people used the more people get scams. And to avoid scams its better to make a research and get information.

Yes, right, for reasons like this that I think make cryptocurrency coin investors to be corrupt and not want to invest again in cryptocurrency coins. and this might be the beginning of the fall in crypto prices, but we still have to think positively of bitcoin and Cryptocurrency will continue to grow.

This is now an alarming issue in this market. Investors need to be very much careful now when investing. I will suggest investing in some reputed and reliable coin to gain experience and then think for the new.

We can't deny that this would really happen in some instance we've never expected to. It's quite difficult now to determine which is the legitimate one or not. Sometimes, if its not actually a scam, perhaps it was a failed project that aren't able to return all the investments anymore.

Mostly ICO are fake ,it is better to invest in well estblished coins

Many ICO's and coins launched almost everyday and this fact that almost new coins end up as a scam coin or project, I'm afraid that most people will not trust crypto currency if this scam coins continues. The best thing to do in dealing with this if it is confirmed, you should report this in scam accusations in this forum. Keep an eye on the project and the roadmap, if it's not clear or if you detect some uncertain details, then you can withdraw on that project. This i think the first thing to do if you are choosing a coin to invest.

Bitcoin that has been scammed is hard to retreive.Report it immediately to this site so that others will be aware and be careful also.Next time, you need to be careful as well.

It will be better to report the scam project immediately. And always, no matter how laborious it may seem, check the project's info and see the members in the team. This helps to check if it is a scam or not.

There are more news about scams then there was before. The newbies are usually the ones that fall for it, and we need to raise awareness towards it.

If you see any scam coins then just post it here in bitcointalk. Keep people aware of the situation and if there’s any possible way to report them through google or make their site inoperable then that would be great too. If they have telegram or other social media accounts then post there too about their scam projects.

You need to do a thorough research before you dive into projects as most of them are scams, if you can't find anything then the safest bet is to assume it is one.

Raise alarm as soon as possible

If you buy it already, nothing to do.

But before buying it, if you make your investigation very tight, you can avoid having some scam coins at the end.

Warned others , and help them to keep their coins. I think we need enough knowledge to handle this kind of scenarios in bitcoin. We cant report it immediately . Thats why we need to be aware of everything . Bitcoin world is filled with some bad people.

I dont think you or anyone can help it. The situation will help itself eventually. Right now people are becoming more careful before they invest in any coin and soon scam coins wont even be built anymore once there is no market for them and maybe regulations put in place. But rest assured, these scam coins are coming to their ends soon. It gets bad before it gets better, and maybe we really need this learning period in the blockchain space.

Yes and it is not surprising. Initial coin offerings is an easy way to raise funds and as crypto investing being a mainstream, there has been an increase of number in scam coins and it not easy to tell if the project is a scam but if you spot a scam it is better to tag them with evidence so the projecf will be stop.

for what we are holding a scam coin ? and that will not benefit us. it will only be garbage. it's like getting coins from airdrop, the coin airdrop that I get dominates the scam coin and has no value.

so, I leave it in my wallet.

Scam coin and projects are flooding because its easy to make a coin now and there are even tutorial available for free where in you can also copy paste the code. For me, its a right time  for government to step in or for any platform to regulate those ICO under them. Scrutinize those projects and dont let it pass if they did not pass the assessment.

You're absolutely right. I will add the following. Every day at least 5 projects are opened, of which only 1 company collects money for ICO.  And only 1 company out of 10 will reach the exchange. And only 1 coin out of 50, will live long, because the company has an interesting product. That's the arithmetic buddy.

Well many scam coins spreading because of the money they can get. So never invest in a project which we do not know. Don't fall for scam project search and investigate first before investing.

Not every ico in the market are scam there are still project that is really good for long term investment but it was very hard to find since there are so many coins.

Make people aware of these scams, when there will be no preys, these scammers will eventually leave it.

You will not be able to determine what coin is a scam or legit, the best thing to do is just read the platform before investing a huge amount in the market or in ico.

We should continue to educate the population of the latest scams so we can all simply avoid them and make then not profitable.  Once they cease to be profitable the scams will go away. 

It’s true in recent time so many scam coins are available in the market and it’s very hard to find out those coins. That’s why you need more careful when you choose a coin.

Scam is now almost everywhere. ICO scam has reached 80% so far in the 2018. This is very dangerous for the traders even they old or new. The best way to report that and not to ignore at all for the sake of everybody’s security as well as yours!

Scam is becoming very dangerous now and it is now almost everywhere. In has reached 80% so far in the 2018. The old and new traders both are facing the scam problem. The best way to spot is to report and take it seriously for your own security as well as others!

ICO's scam is like this. Usually they will use high-yield and high-return to lure investors. Many people don't really like to crypto and understand the market that crypto enters, just because they feel that they can realize the dream of getting rich overnight. In fact, I personally feel that this kind of person is very stupid. This is a high-risk market. Only a few people can make money. I dare to invest a lot of money for things that I don’t know. It’s my responsibility to be deceived.

I also want to say that it's a pity that those people who fall into such a sad situation. And it would be better to have at least some support from the crypto community, but this topic has not been studied to the end and there are a lot of projects on the market, it's difficult to keep track of everyone.

may be able to provide escrow services to be reused, formerly escrow services are used to avoid things like this, ico scams and other frauds. so escrow services are very important and can minimize losses that will occur.

Before I believed that as long as you look at the team profile, passed their KYC and they have a good white paper, you won't be scammed by an ICO but I proved that it was wrong. I missed an important part on how to check if an ICO is scam. I can consider this as the most important part of an ICO to check which is the github updates. One of my friend told me about this and at first I didn't believed him but after a couple of months, I found out that the ICO I'm into is a scam. Sad to say, I've been scammed, this is a lesson for me and I will consider checking the github always before joining in an ICO.

Good to know the community response and view provided... pls keep on updating it would be helpful in gathering the knowledge base for the new in cryptoworld...

The investment of enough people have to be hurt in order for a correction of these Scam ICOs. I mean even ICO rating platforms are in it solemnly for generating revenue, all these rating that should have been a neutral indicator are bought and paid for by these projects in order to attract more investors.

I usually see a project scam or not by the support of their social media.
If they can answer all my question and make it clear to understand, that's probably a good project.
Also before involving to a project, i usually see the project on ICO review sites

Since everyone can create coins and no one has control over it, more and more scams appear every day. At the moment, the best solution is to report and spread this problem so that as many people as possible will found out about it. Alerting the community about scam will surely reduce the number of scammed people.

Yeah that's true...it takes enough evidence to prove that a project is a scam...and accusing a legit project is not good. I will consider it a personal decision not to follow or not to invest if I found out some fishy or not good about the particular projects during my research. Better to be safe than sorry.

yeah and being more popular of crypto increases the percentage of new created scam bounties and they hard to find cause they are like legit ICo hope there will be implemented regulations in scam projects to resolve this problems.

It is very hard to beware of scammers for newcomers today. But for people who involved in this market more than one year it is not so difficult to choose right project. The information about team should be open, and if it is we can check it to find some deficiencies.

There is no rules and regulations in the cryptomarket. So, there are a lot of scammy project and fake companies. I think there should the regulations in the cryptomarket. It will help a lot to avoid scam coins.

Your best tool against scams are knowledge and information. With the popularity of ico many scammers will try to exploit this and launch scam ico as well. The best way to deal with them is to always thoroughly check every ico you are planning to participate in to avoid scam projects. If you also find scam projects spread the word to also help others who are planning to invest in said scam ico.

There are many fake projects in the current cryptomarket. The companies made their fake account and allure people to invest. So, people get cheated. So, I think at first, people have to aware of it.

When something becomes big and popular it is always expected that scammers will also take advantage of this situation as well. The best thing to do when you spot a scam ico is to spread the word and let everyone know. Also you can try reporting it to stop the project. Let us help one another and keep ico clean.

I don't think this will be a good idea, if you take the source code of existing scam project and turn it into a valuable project, then you are encouraging more people to do the scam project, because the same person will still do another project and abandon it as well

With the high introduction of new projects, new coins are coming and its difficult to tell which is scam.
I think improvements are being coming up to stop that.

It sounds dangerous! I would suggest you to report about this scam coin. This year many projects are being scams that it becomes quite tough to identify them. Scammers are just engulfing the entire crypto market.

I don't think much can be done at this point.  The free market will straighten things out eventually.  Hopefully the community here can steer clear of the scam coins. 

We could make a change just by being vigilants. If you have observed in the altcoins section, ICOs are quickly get their negative tags afterconcern members of this forum do the research for us so it would not victimized a lot more investors right from the start.

This is a shocking matter in the crypto world. Sometimes we see that many of the ICOs are scam. It is very frustrating for the investors. So, we need to report about them if we see any. But before reporting, we need to be sure about the claim and should have proof.

Scam coin is one the biggest problem now. So need to be aware and if everyone continously report scam coin and project, I hope the problem will be solved.

Before we invest in any token/coin, we should make a prior to a coin with good team/ company behind. Just like stock market, we buy a stock that has a potential company

thats right .  we can still do something in order to combat these scammings that are happening latetly . we can just report every scam coin and scam projects that we came across on this forum and if they are already get tagged ,  many people will now be aware of them .  

not just this forum but also to some websites ,  blogger and site owners can also help to make a list about known scam coins  , so that other people and potential investors would not easily fall for their trap .

Everyone can create new token everyday and execute ICO's if they know what they'e doing, it's already rampant in crypto space the sad part is we don't have the capacity to stop those fake ICO and token from sprouting almost everyday , everyone must be vigilant when dealing with ICO's. Do intensive research and study the project well, cause even legit ones turned out to be a scam!

If you suspect a project to be a scam, just avoid it.  There's really no reason to say anything in the thread as you'll be regarded as a fudster by it's supporters.  It's a lose - lose situation.  Don't waste any time on it. 

I just throw away the coins you get because coins from a scam project will not have value. it's just a trick of the irresponsible party and only wants money from investors. be careful when choosing a project.

For me, those scammers are not paying for what they have done that is why they exist. If a scammer was caught and was given a punishment that no one would ever wanted, I think the scam ICO's will be minimize instead of chronic. It feels that those scammers get away with everything and living the life of a king instead of a prisoner. Maybe if we have a way of reporting it, that will be the first step.

we can't know the project will fail from the start, because they certainly don't want failure in the project. but before we decide to participate in the bounty or investment, first study the whitepaper and the work team behind the project, because of the many failures in the project caused by the work team that is tidal solid and inexperienced.

Because of scams many invstors are going away from the crypto investments. We need to do something about it. We need to report about the scam companies in order to save others and to make it stop. We hope that the system will improve.

Scam coins and project are available and if continously increasing that should be felt very bad effect on crypto world.

What can be done by the community?  STOP making so many coins in the first place and get a clue before copy/pasting some ridiculous coin effort.  I'm thinking the crypto 'movement' has gone too far too fast or that every greedy cat with a home pc and internet can just spark up some coin with very little if any forethought to things like coin supply, distribution, and most importantly USE CASE!

But here are my thoughts on the existing scams:

1) I agree and have already seen this with several coins.

2) Sure, accountability systems can and do exist.  However, some projects actually 'should' be anon and 'should' have the risk that comes along with that.  genesis of bitcoin is a good example and it has worked.  Sure, now there are transparent btc devs... however, it didn't start that way and we should always keep an open mind to bitcoin's example.

3) Let's be careful with the word 'scam'.  many coin projects aren't scams.  They were actually just "dumb" or "ignorant".  Sorry if that offends anyone but it's true.  When people open up MN rewards where there are like 5 people with MN and a bazillion miners.. uhhh that's a problem lol... horrible mess, coin dies in a week.  I've seen this happen.

4)   Posting high ROI numbers don't necesarily mean a scam either.  Just about all MN coins start out with a very high ROI and it diminishes as more MN join the network to partake in rewards.

5)  Ultimately it comes down to adaptation and people assigning value to a coin asset.  I can tell you first-hand what drew me into bitcoin: INCENTIVE... plain-and-simple.  I could get a 10-20% discount on some things I wanted to buy if I used bitcoin.  And so I did... but.. well, I did much more than save 20%.  I bought 1 bitcoin for $500 and before I knew it it was worth $900.  And then I used it to buy that thing I wanted for 20% off... So really, I didn't just save 20%.. But these are all relevant things to consider in a coin.  a) do you want the coin to be stable or do you want to have volatility--both have merits.  b)  what are long term plans for the coin?  has anyone thought about this for bitcoin?  what happens in a few short years when there's nothing left to mine?  I've heard things... like government use or maybe it will continue on for decades/centuries as a utility coin for various things.  c) e-commerce integration d) 3rd party escrow trust establishment e) voting f) government ... the list could go on really but at some point there should be some serious mathematicians involved  

any how.. those my thoughts for now

Yes, right now, every day coins and new projects continue to appear every day, it's good, but it is difficult to determine which projects are really good and which will be a scam, when we are tired of working but at the end the results are nil, and finally the project is a scam, it really discourages everyone from starting to look for new projects again.

Avoid scam coins and help others to avoid these by spreading scam news of scam coins. And their really need some other steps for improve from their.

In addition to what some others have said:

-report them to the police
-report them to their state tax service
-file civil law suits for damages.

It is not always viable to take action against these scammers, because most of the times they reside in jurisdictions where they enjoy either immunity or complacency from the authorities. The only solution is to inform ordinary people about these scams.

just report it in this forum so that the share ID gets REDTRUST and can also be seen when the fraud is done automatically.

because I know this forum is very good and clean from junk id that always comes every time.

Due to the hype and popularity of blockchain technology and cryptocurrency, it becomes also the target of many scammers. That is why it is very important that one should really research on the project he/ she is joining. Another way to minimize victims of scam is to help in reporting it. This way a lot will become aware and stop patronizing the scam project.

Set strong but nonmandatory standard.  Project that doesn't meet the standard should be seen as scam and it developers/owners given negative feedbacks?
There's virtually no set standard in the cryptocurreny world. Everyone (both developers and the watchdogs) does as it pleases.

I think to reduce the amount of scam - needed organization who will check the company and their team.. toughen the punishment for this and to attract such companies to criminal liability..

It is a hard pill to swallow, but, it is safe to say we are in the days of scams ICO pretending as original. People have lost, and as funny as it sounds, people would still lose especially the invest in anything worth investing into groups. I'd suggest we follow your number 2 option. Let their be a way of tracking them and purnishing them eventually. These scams must stop before they stop us.

for causes cherish this that I fancy build cryptocurrency knock investors to be infect and not deprivation to invest besides in cryptocurrency coins

Nothing can be done except for do some due diligence when investing in a project.

The nice thing would be if somebody could create some Database with Team names , Project name and publish it in Blockchain so everybody could see it . Im really tired of projects like that , but if there is people who invest money without studying project first then there always be scam projects . People just need to be more carefull before investing

The good ICOs are at risk because of the scammers. Everyone should report about scammers when they actually find any project scam. This could be good for the investor as well as for the cryptocurrency market.