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This year we have witnessed many scams projects that we have invest in more than others years.  I think scamming activities is high this year more than others years and I will like to find out the way out of this. Are we going to find solutions for this by developing more security projects? I think we can kick scammers from icos market and if we can not do this governments should come in and help this market.

Well, it is clear that fraudsters have become more than in previous years. And how to deal with them - in any case, they will always be.

There is no doubt there are alot of scams in the space which is getting very disturbing, but one thing I have observed is that this people that were been scammed are always looking for free money, lazy to research the team, are newbies, or investing into a pure HYPs project promising 100% return in 24hours.

Year by year number of people that involving with crypto world is increasing.So there are so many type of people coming to crypto world. So i think with this kind of bear markets scam projects can be survive. People will not accept any ico without any analysing.  so i believe this bear market is clearing crypto world from scammers.

We can't prevent many scam project because to make new token maybe is to easy as i know. And to make token it  does not require expensive fees. And if goverment come in and help to take care of this maybe there will be some positive and negative. Positive think maybe the people who want to make scam project will be less because they afraid and the negative maybe the goverment still can not accepted crypto world since too many scam project. So maybe we can tell to every one or make some guide how to spot scam project before they join or make rule that before they can make project ico or somethink they will be a team to selection.

You can not above those kind of projects. Some of them will be a scam project, so we need to take a good closer look for where we are going to join our funds to.

There are community projects aimed at protecting people from scams.  These message boards even have a scam accusation section where anyone can announce a scam they have found.

I think Reden is interesting as an anti-scam effort and they may even blossom into something truly valuable as a security consulting firm regarding cryptocurrency.

Beyond that... I would just advise caution when calling something a scam.  Some scams truly are scams but some projects just take a long time to develop and sometimes lose value.  It may also not be fair to call a project a scam simply because some of the team leaves unless they leave as an exit scam by taking a lot of money.

Lots of scam projects are a real proof that cryptocurrency are getting the attention that it needs though I pity those people who fall for a scam projects. If Gov't will come in then I think it will be much better for investors cause they will have assurance that the one behind one project will think twice before doing that scam thing cause the Gov't should know who are the real founders of the group.

Scam projects have become menace in the crypto world and have eaten deep into the fabric of cryptocurrency which is totally unacceptable and killing the enthusiasm of the investors and shutting out potential investors, what I think can be a lasting remedy is government coming in to regulate cryptocurrency fully to kick out scam completely in this space

There are so many SCAM projects.
I do know that there will be more of that.
How can we really not have them?
I want to know the basic and the thing we should have to not cross with them nor join them
i have been into many BOUNTY, i encountered more than 3 of them.

You've lost your marbles, sir.  No offense.

Advocating for the banks to come in and regulate ICOs to save us all the trouble, is EXACTLY WHAT THE BANKS WANT!

And don't forget, banks are the arch enemy of freedom and individual liberty -- not to mention, everything they touch always goes to crap.  Everything.  Period.  Always and forever.

In fact, we are in a time of history where the banks have never had more power and are looking to permanently seal the deal on the control of humanity.

Relying on banks = slavery

Personal due diligence = freedom

fiat fractional reserve currency = slavery

cryptocurrency = freedom

Maybe it's time for ICOs to figure out a way to gain people's trust.

We can't do anything, many things are not what we done.
The only thing we can do is to find these scammers, expose them, report them, and expose their ugliness to everyone.

Crypto market drove the attention of vast slice investors and intuitively bandles of scammers, I see that DAICO idea will disrupt this issue, but it still need investors to have knowledge about the technology.

I also think that governments should regulate this area of activity, but unfortunately politicians turn a blind eye and only in some countries is the fight against fraud.

The big problem is that the government can not enter the market. Scammers always find a way to escape the police. This is a large-scale international market, we need the SEC to come and protect us. But they have refused and the fraudulent ICO projects will continue. We have no other way to combat fraud.

we cannot eliminate that cancer in every industry. i believe that little efforts will be worth to do in this case. me, i posted on the announcement thread of my suspicious scam projects to give a warning on investors and hunters. i believe that those small efforts will count in fighting fraudsters

very troubled by our destiny, as much as possible we should be able to avoid fraudulent projects that are increasingly many years before, an ICO project one of the others to develop our money capital to promote products with developers therefore it is an opportunity to commit fraud in order to gain a lot of profit by the developer for yourself, this is something that we must eliminate and the government must tighten the security system.

The best option is not to invest money in ICO/ So you will save your money and definitely not run into scams) I would advise you to better invest in already proven projects that are on the top exchanges and have a strong team. Such projects will live and develop constantly

You "think" but we "can't". We can only avoid from fake teams, fake projects but cannot from real teams, real projects then still becoming scammers (like Bitconnect).


Which governments? Cryptocurrency world is no border. Scammers are maybe come from any countries. And I think only international organizations can help the crypto world. But it will be a long time.

maybe reporting the scam project development team to the authorities will deter the team that committed the fraud, and the impact on us, especially investors, will definitely get huge losses, but maybe it can be a lesson for us not to invest or participate in the project is scam again and more careful in choosing a project.

I think the issue about the ico project that is scam lately is a problem that must be resolved together, especially we as a bitcointalk community. because basically, the dominant project bounty appears and develops here. first I really hope that the bounty manager is not careless in taking the project bounty to do, don't just focus on quantity but must look at the quality aspects of the project, the action taken by the moderator by giving red trust to several managers, this is a good step. besides that, we as bounties hunters must also be more selective, stopping to support projects that are perceived as less credible and suspicious.

I believe that in order to get rid of scam projects, the forum should have to push strict measures like screening the ICO's properly wherein these scam ICO's should not be allowed to have access using this forum in scamming people. People should also do a research on their plan ICO and screen properly during their selection. With this, I think that these scam ICO's will be prevented to operate if people will not support it since they already how to determine if an ICO is legitimate or not.

In the current crypto market, there are many SCAM projects. Therefore, we need to study carefully to make the right choice and stay away from fraudulent projects. It is desirable for the community to work together to develop and enforce a sanction for crackdown on phishing projects.

There certainly no ways to solve occurrences of scams, but definitely it has lessen since cryptomarket has done for awhile, like other field like banking and credit fraudster are everywhere still. In the end its still up to the people to identify these sort of fishy cases that happen around them, or being persuaded to do something, unfortunately there's nothing government could do, whitelisting projects doesnt mean they would be successful and in our society where money matter scam would always happen regardless to a small portion of victims

Of course, we should strongly condemn and denounce the community. Because i think a worm that smells like a crypto market. I wonder when scam projects happen only to the campaign manager is subtracted the truth and it is still so light in this form that the project organization must be responsible to our community.

Governments should come in and help this market. This is what we are looking forward to. I know that there are still many people who are opposed to the participation of governments in crypto, but it turns out that crypto market cannot guarantee fairness and transparency by autonomy alone,because ICO scammers can do anything without fear of being legally sanctioned now.

actually i really doubt that we can do something about scam project and hackers and other similar things as people will always do that

There will be always scammers in every sector in money earning! There will be always scammers in every sector in money earning! Because as people become lazy, they don't research before putting their money on an unknown filed! So, I don't think any strict rules, or government can solve this scamming problem. Maybe scammers will be reduced, but we can't totally remove them from the crypto market!

I am sure that this struggle is impossible. Sometimes scammers do everything correctly so that it is impossible to expose until the moment of payment of coins . I believe that we can only reduce their number, better analyze projects and try to avoid them

projects fraud will continue to be there overnight each participant also continues to merge and enter therein. This means at the very least should be able to know about it and selects the best possible project to be spared. with more and longer are joining in the project could be a scam that made the project a scam that appears will be depleting. Indeed the analysis is not easy but this is pretty important.

We must be more careful on projects that we will promote because if we promoted a scam project we are also helping that companies to get other peoples money without paying us bounty hunters.

In order to curb fraud, we should carefully analyze the ICO project's information, so I think we should not be too risky to rush to choose the poor quality coin. our mistakes, so be careful and careful.

Personally I am so much disappointed in the scamming issues which arises from non regularization of these ICOs, they capitalized on investors funds a went into thin air without any trace and had been on the rise this year, Its high time forum moderators took the necessary steps towards clamping them.

Yeah, there are so many scammers out there nowadays, and that's very annoying. What we have to do to avoid them is just increase our precision in choosing the ICO's project. I don't think there still another activity which can do except that, right?

yes you are right, and now there are many ico which are the next shitcoin.
compounded by market conditions that are always red, I think there must be regulations to protect investor protection.

The creation of more ICOs in recent times has led to the existence of high volume of Scam and fake ICOs everywhere and I don't think there is much we can do about it unless there is another technology that screens out the fake ICOs.

what if this forum created a team to investigate what projects currently exist or not. maybe this is a good way to try, because the average investor also comes from this forum. or maybe urge the government to make a regulation to tighten ico, but this way I think is quite difficult because not all countries will definitely do it.

Yes there are so many scam project already and we cannot control  this but all we can do is to leave or not to participate in that project and give warning to other member ,  so that they will be aware on that scam project .

Completely fraudsters from the market can not be eradicated. Anyway, they will remain. We need to accept this and carefully choose projects.

Projects are rising which are for that main purpose, which allows other icos to be launched on them,  they monitor CLOSELY how these funds are spent and never release all funds at once to mitigate loss. SEC is another solution to bring icos under governance and laws...

We can't kick them out of here. Now the scam is very smart and they fake the project looks so perfect, I have met so many projects in the past few months. The best way we can avoid them is to join only those famous ICOs or not participate in the ICO

You can not on top of those quite comes. a number of them are a scam project, thus we'd like to require an honest nearer seek for wherever we have a tendency to ar planning to be part of our funds to.

I would probably still be very active in telling people that a scam project should be punished because it is scam projects that today scare people and many investors from the market, so we need to develop this area.

We should just simply avoid scam projects. We won't be scammed if we don't engage in scam projects. In investing we should do our own researches and we must make sure that we know what we are investing into. Most of the scam projects won't be easily determined and it's inevitable, let's just be cautious at all times.  

indeed the circulation is, the more interested people in crypto, the more bad people around us, so in my opinion there is no need for the government or state agencies to go down to secure the crime, we are cautious enough if there are activities according to our intuition is unnatural. we continue to read and study cryptocurrency so that we can avoid scamer projects

Simply we don't have to participat in any ICO has potential to turn to scam, and we should warn others in case we suspect somthing abonormal.

what do you have in mind to do about them? because definitely i know you have nothing in mind to do except to be careful and avoid them.

Everybody hates scammer. But, they always grow drastically. They scam everywhere with the very crucial and complicated ways. I think that we all want to defeat and kick the scammers. But the question, can we? This is very difficult to detect which is scammer and which is legit. We cannot guess in the beginning. They prepare the scam ICO very very well. That is why, what we must do is learning and learning again how to analyze the ICO.

In the encryption market. We can't avoid fraud altogether. If we find that fraud projects should not be promoted. We can expose fraud projects. Usually we can publish them in the Scam Accusations section of the forum. Let more people avoid fraud.

Definitely, we cannot do anything for these scam projects due to this most of them lose trust in cryptocurrency. We need to cautious and careful, as researching on our own is the best solution to avoid scam project.

That is absolutely correct but to join them is very difficult. The SEC is one of our hopes, but the people who represent Cryptocurrency have made things crashing down. They do not want to cooperate with the SEC and we are not protected. We should think of ways to protect our property.

I really give up with the scammers. It really defeats the investors and all participants from bounty and other teams that support and work for it free. Scammers will really make us worried every time we are going to participate in ICO. however, we cannot stop the scammers. They are very slight and they are very hidden. We cannot predict or detect it easily. but, we can make a very careful decision and analysis about the ICO projects whether scams or not.

very good question.. i also agree with you , we must find a solution for this..but it is very hard to find a solution . because spammers are coming with very very good plan...so i also think the most successful thing is ' government should join with this' and then they can inform us whether it is a good project or a spam..

This is currently an urgent question and it interests everyone. unfortunately, no one is insured and it is very difficult at the early stage to determine where the scam will end up. be careful

in my opinion the best way so far can be done is to really close the door for ICOs who don't have development, so that everything they plan is only limited to writing, there is no authentic evidence to show that they will really continue their project

There's nothing we can do about the crooks. They are and will be in any sphere. They're skilled. Sometimes it is difficult to determine where the real project is, even to an experienced investor. Therefore, it is necessary to study the project very carefully before investing in it and be vigilant.

Scam projects in the cryptoforeign exchange market appears many every day. I try to find as much as possible a lot of information on team, the project, his purpose and partners.

Now many sell unique and good designs for the ico website, and easily deceive investors with their web appearance, you can learn to do ico's own research whether it is a scam or not, in this thread you might be able to add a little insight whether you know ico scam or not.
https://bitcointalk.org/index.php?topic=5004397.0

Of course, there will be a solution and new ways of scamming too. Whatever the solution is, scammers will find a way to scam people and when it will spread, the new solution will come. That's how the system works. There will be more regulation so that those can be reduced. You can see STO instead of ICO.

The only way to get rid of fraud in ICO projects is government regulation of these projects. Other methods of dealing with them will not be effective. In addition, the state is simply obliged to intervene in this situation because because of fraudsters investors suffer millions in losses. And these are already criminal offenses and the state must respond to them and work out methods for their prevention.

Governments are not going to help us anyway because they don't know how that is why they are restricting the users from participating on ICOs so it has disadvantage over the positive sides.So we need to do something to help these scammers away from the crypto just by learning how to identify the scammers and most of the times they can be found by doing proper research about their project team.

I think developing many security projects is a good way to get rid of scammers. One of the reasons for the lack of investor interest in ICO is the large number of scammers roaming the crypto market.

I dont know man but this kind of act is like they are being funded by a large syndicate.

It will keep on going. Before, it was hacks that have been going to much. They must have seen much money to rob when they create scams ICO. Yeah, it is worth millions of dollars than getting pennies from hacking one wallet address to another or just a phishing scam.

To stop it? Early knowledge before they even hit their ICO. There is pre ICO which mostly they will get just a little fund. Their greediness will get them caught when they want more out of it or thought it really clicked to the people. They will continue for the ICO afterwards. That time you should have known that they are already a scam project.

One good idea is trash the being anonymous of their project.
They cannot be anonymous, they are not satoshi.  ;D
Since most ICO's have been a scam then others have been having a hard time to get their soft cap. I once supported a good project who got bankrupt because of not hitting the soft cap.

Those are example of project that are being hit also by this scammers since investors are now doubting the process.

You need to change the system and connect trusted persons who will not give all the money to developers until they release their product or at least a prototype of the product, then you may be able to reduce the number of Scam projects

It went up so bad. Our moderators here and police have been busy looking for those scams.
Well, thanks to the users also since they are reporting this scam projects.
We might as well help each other into looking deeper on which is scam and report it quickly. We may not be taking them all out. But one by one will help.
Somehow this will make them tired to create another ICO scam here.

We should definitely be very sensitive before investing in and trusting projects. Investing in the right projects positively affects the market. Therefore, we need to direct investments to the right projects.

i think it is hard to regulate the icos unless countries will ban entirely the icos. as decentralization manifest in crypto, it is the investors sole responsibility to check whether the project is good or scam. we cannot delegate that.

"Regulation" would be the thing that can really help out to reduce the risk of Scam projects. Strict compliance or validations on project team owners will really be the key on avoiding anonymous
groups that do create fraud projects just to scam out millions of dollars into investors.I cant deny the high rate of scam as of this year compared into the last ones.

 There are alot and lots of scams.Since this year i have come across so many of scam project.After campaign some pay and vanish in thin air,While others will disappear in the middle of the project.
.

In fact, it is difficult to answer what to do with scams, of course it is very terrible when scams are almost more than normal projects, you need to think of something to fight with them

You can't should do anything. Well, you must research full of any project want to investment. Good Bye for your money and say lambo in next time

Authorities are doing their share to combat fraudster and crypto projects that are ponzi scheme just take a look at this article
https://cointelegraph.com/news/bitcoin-hedge-fund-and-ceo-slapped-with-25-million-penalty-for-ponzi-scheme on our part we should post those scam projects on this forum so people will know and analyze the project that they intend to invest.

It's kinda hard to fight scam on the crypto space because the space is a decentralized space, apart from been a decentralized space, it is still unregulated, meaning that there is no standard to follow when investing or host ICO, the little we can do is to educate more people about the space and helping to report scam whenever we spot one, the more people learn how to spot scam project, the better the space becomes.

As the crypto market is expanding and its incetors are increasing, so is the number of scammers. It has also become a part of the crypto system, and skilled investors are the only one who are avoidng the scammers with success. And it is impossible to kick scammers out of a decentralized system like cryptocurrency. However, if the government come and centralize it, we will have the chance of kicking the scammers, but it will be done at the cost of cryptocurrency itself, as cryptocurrency will not be what it is if centralized.

It is noticeable for everyone and it totally ruin everything  around.  It also makes people give doubts and uncertainty towards crypto. If these things will continue,  investors will never invest on new project,  instead they'll just give deal on the existing one cause they are sure that it is already working. 

what we have to doubt about a scam project is. remember the name of the manager who manages it, don't let us join their Bounty. and don't let us invest either in Ico or their Coin ..

I think there must be a security agency that oversees the ICO, where each ICO must go through verification first before raising funds for investors, if the ICO cannot be verified then it can be ascertained that the ICO that is run is illegal. I hope there will be an institution like this, if there really is anyone who wants to make a security company like this, I am ready to become an investor, because I am concerned about investors who are cheated investors

Very good idea, after I read your post, I am very interested in your idea, I have also never seen a company that intends to become an ICO analyzing company, I'm sure if the company is created, and launching a token it will be successful

Scammers were late to notice that it is quite easy to fool the investors with fake ICOs. Even in 2017, there were a number of efforts, but this year they have become more innovative.

the government is up to it already which is why they are trying to come up with all these regulations unfortunately is unclear to most countries. there are things that you could here in the forum to avoid it and warn users. check the scam accusation (https://bitcointalk.org/index.php?board=83.0) section and reputation section (https://bitcointalk.org/index.php?board=129.0).  there are active users identifying them, it will be good to have more of them.

We cannot really determine exactly if a project is a scam or not. In order to avoid this, you should take into considerations, the principle that can help you filter the best projects which are considerably not Scam. Study their white papers and understand it carefully.

Many people will always exploit things that are famous and popular and we all know ico have become popular lately so it is expected to see a lot of scammers. Since there are no authorities yet to report those scammers all we can do is share our experience and informations to others as a warning for them to not fall for these kinds of people.

How can you define abnormality before first time when ICO started. Fraudulent activities find out not like easy or anyone can do it without researching long time. But we should more analysis with specific project to invest before or who is very well experienced will have to take help from anyone.

It seems like a fraud project will always go hand in hand with other projects. So it's very difficult to determine a scam project or not a scam.
Because it looks like a project that is not a scam, an explanation of the website, there is white paper and displays the team in the project.

In order to avoid a scam project, a deep analysis is needed, not in a hurry to take a decision and assess good to invest. Security is in each of us. Don't be interested in the big bonus promised by the project.

Nah, I think we can't avoid that to be honest because bot chat is allowed in the ICO. It's kinda impossible you know, when  you join the project at the first time there is no difference between scam and no scam project untill you realize that the ICO was scam. So, just becareful of it and goodluck.

Just do not support ICO scam projects even the bounty or reward is big. Due diligence is needed but still some people will not mind as long as they are paid to influence.

visit Scam Accusations on bitcointalk maybe can help find out the ico is good or not, if there is a negative statement from the member here you should consider not joining the ico maybe it's a little help.

Guys, the solution has already been found. Pay attention to the project ICOVO. On this platform will be held only transparent and reliable ico. Participants will be able to follow the progress of the projects, participate in its developments, control funding, with the possibility of refund if scam to be occured, or work is being done not in a good faith.

The frauds and scammers will always be there, so that's not actually our problem to think about. What we can do is to invest in proper places, secure your passwords, not to accept any scams and don't just believe everything or offer you see.

  Many of these ICOs scam this year. I think that would have a huge impact on the Crypto market and what we have to do now is limit those scam ICOs. Now we can just try to see if it is scam ICOs and ignore it. If you do not get a solution soon, everything is really bad

There is now way how to recognize which project is scam and which is not.
These market is free, no regulations, everyone is able to do everything from very good project which is changing the world or big scam project like Centra.

The most sensible thing is to stop investing in ICO, please stop immediately. I think the risk of ICO is very high now, and you should wait for the market to recover when considering investing in ICO.

I believe that many people have been deceived - they themselves are to blame for this, before investing your money you need to study 100% of the project in which you are thinking of investing money, and not chasing easy money and promises of huge profits.

Yes, we really need a platform to prevent scam projects.

I think there are already several service provider platforms to reduce scam projects with certain schemes. more or less the scheme used is money investors will not directly enter the project wallet that he wants to invest in.
And when the project is successful and intertwined, the investors' money will enter the project wallet, but if the project fails and does not continue, the investor's money will be returned safely.

It may sound detrimental to the running project team but this will be safer for investors.

You will need to back up your claim with some data before I could agree with your submission on increased scam activities in cryptocurrency. Scam as always exist and thus no need to compare this year against last year except for research purposes!

I can not believe that there will be outside help. For the time being, investors themselves reveal such bad projects and share with others, but this is only a small fraction of them. And then they will be even more, so we ourselves must develop a platform to combat them.

in my opinion all kinds of fraud will always be in the world of cryptocurrency and we cannot compare every year we have to do now is overcome all the fraudsters

Sadly, no government can punish these fraudsters because the cryptocurrency market is a global market and is not subject to the laws of any single country!

With our help.this scammers will be preempted because we are the one who’s directly involved with them.and we are the one whos being targeted as victim.not only investors but also the bounty participants,what we need is to be more vigilant and more aggressive in checking each project and report directly to the moderator and DT to make a final judgement

yes that is true
we really need regulation to be a legal umbrella for investors who invest in ico, this is very important so that the ability is not polluted because of the scam, and the managers must be more selective in rejecting the project that is suspected of being a scam.

The problem of scam projects will not be eradicated because we live in the world of internet but what can one do is be vigilant at all times. Always assume something is dogie unless proven otherwise.

Fraud is a crime, and therefore states can unite in the fight against this global evil. For this there is Interpol, orders in the framework of international agreements, and work through diplomatic channels, if there are no such agreements. However, it would be better if states set up an ICO regulatory authority and checked the ICO teams for possible fraud.

I think We need to take some actions about this because this is very disturbing in crypto world, That's why there are a lot of people who hated crypto because of too many frauds and scams project.

trick ventures have progressed toward becoming hazard in the crypto world so much , So I thinh it will be vastly improved for financial specialists make certain before began the item . the main thing we can do is report them .

There is nothing you could do with this, this is like any other business you could invest and earn and you could invest and go bankrupt if your idea of a business is bad or you have chosen bad team for business to be a success! You just should watch out and read carefully, do research on the team, how many years they have an experience and where did they study and the project you had invested in should bring you a success if you believe in it!

Compared to the past there are less scams. Currently the best security depends on the individual person. Don't put yourself in any project before you've taken as much informations as possible.

There will always be scams, frauds, fakes anywhere whether online, offline or those in between and there will always be people that can be victimized by scammers as they can really be creative in things they are doing. There are many who are making a good living out of fooling others and these people are the bad apples in the crates producing the bad reputation and wrong impression especially on a starting industry like blockchain and cryptocurrency. What happened is that scammers are now transferring to cryptocurrency because they are seeing the best potential to fool people and the cost and time needed is not that high compared in the past. The market for scammers is now so big thanks to cryptocurrency especially with the ICOs. I had been one of the many victims of scams before and here in cryptocurrency my MEW wallet was hacked with the help of the Slack weakness. Sad that we victims could not do anything except learning the lessons.

When we find projects like that, it might be better for us to advise them for the best because with that we can be a hero to the victims of the scammer.
And we also have to be careful about this because SCAMMER is always everywhere.

We cant do anything I think. Only thing people can do for avoid scams , research deeply and following news about projects.

The only thing you can do is be careful with what you do in crypto so as to avoid being scammed by them, the next year will be more than this like things always advance and grow yearly so you should be the careful one here. The only solution is crypto to have an organization and control all doing in it at 50% stake by then I guess a little change.

I think in 2018, too many scam ICOs. I think many scam project because some developers want to steal peoples crypto. They take advantages on crypto market rising at end 2017.

Scam is indeed a problem for members and investors, I myself have experienced a scam project. What must be done seems to be that security is tightened by evaluating existing rules. Market prices fall like this and scam is rampant :(

I suggest, aside from spreading awareness about these sacm projects. We should also take into consideration of exposing who's this people are, from the names of their Team, ICO Manager, Country of origins and even the IP they use to put their dubious site. Let's promote and blog this fraudsters and eliminate them on the crypto space forever.

We should be more careful with ICOs. It is a must nowadays to read the whitepaper of any project. Moreover, you must check the team members and the development level. I also check communities and ranking websites.

This year scammers doubled from last year. Who will not hate it? They are enjoying this kind of thing. In order to avoid scams, I less participate in bounties who pays alts, I just participate campaigns that pays bitcoin weekly. Well whatever ways occur on how to prevent scammers, I will actively participate.

There're a lot of scams in the space which is getting very disturbing, but these people that were been scammed are always looking for free money. I believe this bear market is clearing crypto world from scammers.

Yes mate totally agree with you there are so many scam projects in this year. But according to my knowledge there is no any system to identify those. so we need a legal system to introduce the projects.

We have really seen many scam or fraud projects within this year and many of our cryto enthusiast and fellow bounty hunters had fallen victims of this kind of scam ICO projects so before you participate investigate first if there's any members of the development team who are involved in a scam ICO so you can opt out from the project as early as you can.

Scammers never rest. They try new things constantly and trick investors, usually newbies. Having proper knowledge about security and being aware of this scams is very important.

I think we don't need governments to help us with cryptomarket. If governments come you won't be able to take part in ICO because it will be only for accredited investors as in IPO. Governments pretend that they want to save us but really they make everything for reach people get reacher, ordinary people stay ordinary.

Scam in my opinion is easy to know. Before you buy an ICO, you should look at the Project's roadmap, the manager who is experienced in the success of the ICO, and the Advisor who helped the project succeed. Be sure if a project that has a better goal will create a successful ICO. Successful ICOs depend on quality projects in the future. If you have continued to get a project scam, be patient for that and as learning.

I hope there will be no more scams in projects they promote in order not to being tired those participants who make effort and spend time. But I think we can't judge because this site is decentralized investment and no one who controlled.

In order to prevent from getting scammed there is no legit system to prevent that for the users and so those who are planning to invest in ICO's have to be cautious. By taking certain steps like looking in-depth into the project, what they offer is possible or not, the information regarding their team is up for review or not and overall researching on the matter to make sure you're investing into a real legit project and not falling victim to some scam. Hopefully there will be security measures in the future that helps new users not falling into scams but for now we have to be careful.

There is nothing to do unfortunately, this is a free market in which anyone can create a project out of nowhere and change the world, just look at satoshi, and we need that freedom so people can produce those kind of results, also government intervention will not make sense or any good, did you not notice that forcing people to go through KYC increased the risk for investors and did not decreased it? That was done on purpose.

This is really getting out of hands as we have witnessed lot of scam project and some even in the ico process made alot of funds but still not embark on the project and ran away with investors money while the bounty Hunter also wasted their time in promoting the project and get nothing at the end , this is more reason we need government regulation in other to make crypto save but many think government are the enemy of the crypto but in another view are only trying to protect the citizen from being scammed.

If you are in a scam project there are really not much you can do about them.
It is definitely impossible to comeback from something if you are already in it and we can only try to get out as much as we can no matter what.

For example, even tho it is not the coin itself back when nano didn't change its name I was using bitgrail and they blocked everyone from getting their money out of it, I had some nano there and I was trying to get my coins out and the only option was to turn them into bitcoin and cash out directly with bitcoin, which I did but at that time it was already worth 70% of what I paid so I lost that 30% never to see again but at least I still kept 70% of my investment.

Same with other scam projects as well, you try to get out as much as you can and just move on, there is no other way of surviving scam projects.

The government may not come out to help us regulate this market, because only a very small number of countries accept crypto and legalize it. In most parts of the world, we are not legal in the crypto industry.

there are many scammers because they can easily get away with it. scammers are smart but they lazy people that only want easy money. we can't stop them because they can still find a way to scam people. they will only stop if there is no more to scam. and usually that get scam are new to crypto and don't know the real danger in it.

Its true, many scam project in market makes many peoples have negative thinking about cryptocurrency. But i think if government regulating cryptocurrency market, it will reducing scam project

I believe that every investors already know the risk in every investment made at the ICO because in the first place crypto is a decentralized system and no one hold control for security purposes and this year I also observed that there are many scam ICO spreading, what I think is that maybe its good that there is a controller in every project so that there is no more scam project penetrate in a crypto market.

Just ignore and stop supporting them! I see so many bounty hunters who are ready to repost everything and participate in every bounty that is posted here, and as a result we get Facebook and Twitter profiles of scam projects with boosted likes by bounty hunters. Someone who's new to crypto may bump into these pages and think that they have a real audience that actually supports the project and invests in it. Please, DYOR before joining bounties, don't support bad asses.

I agree that fraud is a big problem for the market, need more details to investigate new projects, make them accountable to their investors and to conduct their business open to all, to specify its real address of offices, to carry out all possible checks. That's when the ICO market returns, it is even possible we will see a huge new wave of growth.

Projects scammers have always been present in this market, and this fact is really not happy, but all we can do at the moment is to learn to distinguish such projects, through careful analysis and research. At the moment, it is not a good time to invest and we better wait for the market to recover.

If we can only report them to the concerned institution, then maybe we can have a very good investment environment where we don't have to worry about our money anymore as we can send them behind bars whenever they will scam us. But since that's close to none, all we have to do is to be more vigilant at all times.

The fact that project more fraud on the rise in the current year if compared with last year. And of course, there have been many people who experience a loss of time and money being wasted. There should be a team that does the checking of new projects. And this kind of thing can be done naturally the scammers can be reduced.

Indeed, there are many fraudulent projects at the moment, and many have done research, then entered in a complaint thread https://bitcointalk.org/index.php?board=83.0. But indeed fraudsters are more astute, so they succeed before they are discovered and maybe when they are walking a few months. To overcome this we must be more vigilant and more careful.

I think there is no absolute solution against scam.

You need to make sure that you only invest in projects that are legit, it's easy to get tricked but as a bounty hunter you need to think well before joining some projects

Until cryptography is legalized, scammers will use every moment to enrich themselves. No one is immune from them. It remains to hope for a change in the situation.

Yeah that just sad, but we can't really stop them are we? i don't know how do we get rid of them, but we really need to do something about this, if not it will continue to grow. For now what we can do is just to avoid them , do research about their team and the project before you joining any ICO.

The one things we can do right now stay away from the scam project. We should be careful to choose the project especially if we want to join in the bounty campaign because we don't want to get scam too. But it is too difficult to know which project that can reach their goals since there is no guarantee for every project to not become a scam.

When it's getting fucked then security project might be very necessary to anticipate the circumstances do not become worse. but many scams that appear naturally also loose-leaf not from lack yourself in selecting projects. When it can be quite selective in choosing the right one is certainly possible scam would not be followed. However, it is only for analysis is already a hard thing to do.

Unfortunately we cannot do a lot about this. The only thing we can do is not to participate in such projects and without our funding, no project will survive. We need to identify scam projects and to share this with the whole community to avoid such projects financing. This would help to clean the market from trash projects.

Maybe it becomes learning in the future, no longer seeing a scam project. Of course we must always be careful so that before investing we must see how the project will be in the future. So we don't get another scam project.

I don't think that governments want to do this becasue a lot of them just wanna finish this area for own profit. I think that we can help to us fo example we can write there when we face any scam coins or any chances to be scam than all of us use it.

The traditional stock exchange also contains scams (fake financial results for example). In a few days it is easy to set up a scam in the world of crypto currencies. A website, a whitepaper and an ERC-20 token are enough. You must do your own research and be vigilant about the project you are investing in. There is no magic formula because it is easy to set up good communication and make an exit scam.

I think that every potential ICO participant should finish self-study course of the venture investments. It is the hardest way but if everyone will increase their knowledge about that field - there will not be any scammer.

stay away from it, its a trap.

if in my opinion to make a better investment into clear and reliable coins such as altcoin and bitcoin because these two coins are very sure and reliable too, so if you invest in an ICO or a new coin you must be careful and careful also to read the vision and mission

That's right, only amid the growing number of ICOs increased accordingly and the number of scammers, unfortunately so far nothing can be done about it, you should at least be more careful not to get caught by yourself!

We can do nothing because you cannot find the scam projects and when you come to know about the credibility of a project, they have taken all the money. The best thing we should do is to invest our money only in big and reliable currencies like bitcoin; Ethereum, Litecoin, ripple and some others top currencies in the list. Never invest in new ICOs. Your money will be safe.

I think the government is unlikely to come to the aid of cryptocurrencies, since this is not their zone of influence, because the main idea of blockchain technology is to decentralize its network so that it does not belong to anyone and does not obey anyone. As for the settlement of scams, I think soon this situation will resolve itself and there will be methods and ways to calculate them immediately when they appear on the ICO horizon. How it will occur up to the end it isn't clear, but I so think. I may be wrong of course, time will tell...

YA ! We can't stop scammers
The only one way is "yourself" carefully when invest,do your own research,or ask to forum about "is legit ico /not" there is so much expert here.
We can't really stop scammers,just can avoid them.
Many scammers manipulate with fake "photo",they use photo of famous people on cryptocurrency to make investor interested.


NO,i think its hard to make security project for detect scammers,the only one way is avoid the scammer
scammer never die,they had so much trick to scam investor
,be smart investor.

There is no unmixed blessings in this world. There will always be people trying to scam others. All we can do is to stay above these scams by proper investagation before investments.

Everything in this world has both good and bad sides. Cryptocurrency world falls in that matter to do. There is nothing to do as it is decentralized and research properly before investing in a project.

I like to compare this situation with dotcom bubble, at the dotcom era there were a ton of shady companies who took advantage of bull market and careless investors. We experienced something similar and it seems that government regulations + market itself will regulate the industry in such way that scam will be minimized.

More regulation = less scammers
But
More regulation = less volatility
And
Less volatility = less huge profit possibilities

It's like Wild West now here in crypto. Use this time smartly :)

i read on one article on cointelegram that there are instances that the government is moving to stop this activities, but with to many of them, we should all be aware of the activities of the ICO that we are investing, if there is a bad sign when it's time to report it here so people will know

in fact, most of these projects are not at all fraudsters, but they are closing due to the fact that now there is a bear market and people simply don’t network into tsrataps. I’m sure that when bulls return to the market, we’ll see how well we can earn on this market

so based on your opinion we can say that they need hype for selling their ICO product right? I believe that good project ( Idk it is ICO or not ) should not deppend on bull market or something like that, I think they have to proven to be exist even at the bad blood market.
the problem are people wanna some profit by joining ICO project or something and then scammer make use of this, we can avoid scammer but we can't kill them.

We really need to be protected by the government or the SEC. There are too many fraudulent projects on this Crypto market. But I think that this market needs consensus from countries around the world. They need to set up a team to protect people in this market from fraud. This is an open market and all countries can participate so this will be implemented quite slowly. We should have ways to avoid the project instead of waiting for protection.

Yes, they keep trying to scam people and get their money. We see that many of them are trying to do the same thing but with the different method and I think they still get people's money. The only thing that we can do is be careful and don't invest in big amount, or if you want to participate in the bounty campaign, then you need to be selective to choose the project.

According to my point of view we should avoid these type of project, before investing into any kind of ICO we must ensure that everything is legit in particular project if you find any thing wrong into the project research than avoid investing money into it.
I think there must of regulation if someone want to run ICO than their must of proper govt. norms they have to applied if ICO fails than management of ICO should liable to give money back to contributer otherwise legal action should be taken against them.

There is just no escaping of fraudulent ICOs at this moment. I think government intervention could reduce the number but we have to bear this mind that, even with government's effort fraud schemes in fiat system still happen. So we really should measure our every step and go deep in research before investing in any project and alsways hope that it turns out legit

It's true that scams are increasing alarmingly day by day and we can do nothing about it. We just need to be cautious so that we don't fall for these traps.

No, this is a reason to watch more closely in what kind of ico you invest your money or your time, this market was created with ideals of freedom but that freedom comes with a cost, and that is that this market is very risky and you can lose everything in an instant, if you do not like that then it is better for you to move to regulated markets where the government protects you.

So far there are no regulations implemented for that, but we can do something as a community, we can try to help new investors up to good and useful currencies and not try to trick them into losing their money in the shitcoin that we are in by mistake ...

i  think  there  will  always   be  scammers  and  frausted  projects but  we  have  to  take  any  action because  there  are  too  many  of them  and we should  do  something  against  them  in  case  of  not  getting more and  more.

I don't want crypto to be regulated, WILD market will end in this case and high volatility is a reason why I am in crypto.
Scam projects will disappear in case of regulation, but volatility will disappear as well!

There's been a rapid and continuous increase in the level of scams that open up in the form of ico projects. This has also contributed to the low and unsteady movement of the prices of bitcoin and other alts. As long as the issue of regulations lingers, the level of scam doesn't seem like reducing. One does need to be very smart and detailed researches before investing in ico projects.  

I have repeatedly said it, the only way out of the scams and shitty projects we have littering the entire blockchain atmosphere is a need for regulation. If projects are properly vetted before development, most of the current projects we have at the moment will not be around. It is obvious that most developers have completely nothing to offer but use the fact that, crypto as a whole is unregulated to commit crimes beyond measure. Only a solid authority with enormous powers to go after the developers of this fraudulent projects will bring sanity to the entire industry.

In order to reduce the number of such projects, it is necessary to raise the average level of education of crypto-investors. In this case, they will not fall for obvious scams.

yea there are so many scam projects now and we have to be very careful on choosing the ones we want to invest into. be sure you check their whitepaper and details of their team members

there is nothing we can do but learn from mistakes on scam ico. As for other things like catching on dev, we can't get back the assets we have invested. regulation does not help for that
I think if the country must contribute and make regulations on ico. each ico must register and have a certificate

People are not tricked to invest in anything, investors are the ones that decide in which coin they want to invest, it is true there are dishonest people that are trying to get your money, but this market is based on your freedom to do as you wish with your money and so each person is their own bank and are 100% responsible for what happens to their coins.

in order to verify the authenticity of members of the  team of a company, first of all you need to spend a lot of time analyzing information about each person. In addition, you need to collect a large database so that you can search for this information somewhere.

Scammers can be kicked in ICO market only if they are detected. The problem here is how could we detect a scam ICO? It is hard to know a scam and a serious ones to we have to be very careful in choosing the best ICO for our investment in this way, we can minimize the risk of joining from it.

Scam projects start to amaze with their scale, because I haven’t seen such a number of scam projects for a long time, of course I can be wrong, but it seems to me that today out of 10 projects 5 projects will definitely be scam projects.

Yes, and i can say more - these 5 project who is not scam and have honest and skilled team, with real backgrounds, linkedin,
computer science degrees etc - they just can not do what they declare.

They sure wish develop a working product, which is make a revolution, become a new facebook or twitter, or new kind of internet,
but their goal just to high to reach. Only few of them can do this.

And, i think 95% of current crypto projects, just will wipe out from the market in the near 2-3 years.

There are so many SCAM ICO this 2018, the worst year ever for ICO investors.
We are hoping that this will be resolve soon, i also met some project who wants to stop scams.
Cryptopolice is an ICO project to detect the scam in the community. but their project now is in trouble. i hope they are not scam too.

Exactly, this market is about self responsibility, we must assume that every project out is a scam and only change our mind once we have done everything to prove it and we failed, I know this is not the most healthy attitude towards icos but it is an attitude that is going to protect you from losing your money to scammers, something that is incredibly painful once the price of bitcoin goes up.

The best way to avoid fraud is to study the project closely. Only knowledge can give some degree of confidence in the project. However, it can never be one hundred percent.

for now all we can do is choose carefully, existing projects, choose projects that have products, at least projects that have products that are still in the alpha / beta stage because that is proof that the project has the possibility and worth to continue . besides, the team and partnership can also have a big influence in creating hype when selling

For me, ICO has always been not the best way to earn at least because I often faced with skam. I think that's the reason now of cryptography has left a lot of people who have so many here earn

If governments are concerned about this, I am sure there will be very little ico accepted in the market. But it will ensure the safety of investors.

We should avoid such projects, they only bring us disappointment and loss of money. For me it is uncool and not profitable so I think I will start to do something else and do without such projects

We should investigate the project before taking part in it. Just imagine, that 1000 bounty hunters are taking part without knowing anything about a project. It would affect thousands of people, that will lose their funds. Just be more careful and select legit projects.

Do not feel there are more scam projects than last year, the difference is, that now their job is not that easy anymore. Bitconnect for example worked quite nicely for about a year, I think a situation like that is very unprobable now.

Of course we can not completely get rid of fraudulent projects, but I think that all of us should more carefully choose the project in which you are going to invest, or just take part in the bounty company of such a project.

Hello,
So scam projects have been appeared more recently and often we cannot recognize and separate them from “real” projects.  And 2018 years is actually the most scammers appeared with comparing with previous years. The main reason is cryptocurrency now is a popular thing to talk about and how make easy money.
With this scam projects you need to be careful with investments. Need to be analyze and check all data about the exact project. Starting from white paper, team and active in social products.

In my opinion even government is involve in this situation there are still big possibilities that some projects will turned to be scam . Especially if people behind scam projects will be backed up by government  . I am not saying all government but some people who has enough money to pay the government will surely do it to scam people .

I think to be able to remove or at least reduce the potential of any scam project would be to make some kind of regulation for any new project that opening an ICO. That way the occurrence of any scam project can be minimized.

For me the only way we can eliminate scam projects is make a resolution for the government to implement a total regulation of ICO's. One thing is that ICO's that has shady activity will be banned from entering in forums or some sort of advertisement sites which is quiet hard as some site owners tend to accept payments from these fraudsters as bribe. That is the only thing that come into my mind  that may stop scammers.

That's exactly my fear when it comes to cryptocurrency. There are lots of scam projects I've experienced this year. One just needs to study the project very seriously. Their whitepaper isn't something to joke with when it comes to investing in a particular project. One really needs to avoid investing in a project that appears to be too good to be true, which will only make us disappointed at the long run.

because see ICO and crypto are getting bigger and are the fields that produce then the scammer appears in this regard. they will assess the results can get a lot of scams they do in crypto. that's certainly the basis of the large number of ICO scam that continued and even many popping up in this years especially.

Indeed, lately a lot of scam projects, which we can do must be more observant in choosing a project, learn in detail also the team involved in it, although this is difficult but must be done so that we do not get a scam project so that we don't get results anything

Your only way is to tell you to stay away from ICO. No one can be responsible for your investment failure. This is a high-risk gambling game, at least in times of market downturn.

Cryptocurrency is a decentralized platform and that's why no one has over control on it, even not the government. So we need to find another solution to stop the scams.

All we can do is study the project carefully before investing in it. This will not protect 100% but it will be possible to find inconsistencies and reason to think.

The only thing that today can really save us from scam projects is the verification of the project developers, because it is they who today are trying to constantly deceive people, this is the truth, from which I want to cry.

the analysis before joining a project is a necessity, acting rashly in the crypto industry is foolish in my opinion.
even after analyzing it, we can still be deceived by the scam project, what will happen if we act carelessly? we will be deceived because the scam project is very clever

Especially last year, many ICOs were launched. Now that we look at their final situation, we see that most of them are rubbish.

This is the reason why some others out there think of regulating ICO's in order to filter out scam projects or ICO's. It must be stop actually because this year 2018 has lot of scam projects, turning our efforts into nothing but a useless one, i hope someday, it could be answered and has methods to detect scam projects.

Fraudsters are everywhere where there is money. It is necessary to study the project team and general information about the project, so as not to be deceived.

In order to understand if the company scam or not, you need to carefully study their roadmap. My advice, try to explore the past of the company, in the past, you can see where the company was and how it solved their problems. If the company was created yesterday, then it is dangerous.

As cryptocurrency is decentralized but with the ico raising I don't see any decentralized in that any more so who ever want to create an ico should register his company in any region or country he is from and the government has to make it know to the team after company registration that the funds raised will be freeze and will only be release when their is open and reasonable thing with their road map and it has to be open to investors too, which I should call regulation and that I think is the only way out cause the rate in which all these college boys are scamming will give the blockchain bad image and before they go to that lent , we as the community need to always do our part to stop them.

In my opinion, we need strong measures to exclude and condemn strongly. The scam is the worst and most dishonest thing in the crypto market. I think the campaign manager is also responsible for things. It is not enough to just subtract the truth.

We can not do anything because you know crypto is a decentralised place and unfortunately people can create their own scam projects and they can collect money..
That is sad. What we can do. We can teach newbies about these scam issues and with that way they will not send their hardearned money to scammers. I think that is the best way for that.

What can we do? people become free to create project false ico. they hold a bounty program and sales of ico. but after they get funding from investors they blur it. Some are caught before they hold a sale of ico, then we are all lucky. all we have to do now is to always be careful choosing the ico project. well you as an investor or bounty hunter. If you find a problem, we can report it.

Avoid them of course. And how, For me I usually tried to find information about that project to make sure if the project is the real one or just a scam project that are trying to steal some money from the investors.

All of us can see that amount of scam ICOs increase day by day. That's why in the current situation of bearish market it is better to stay away from participating in ICOs. So it is better just to trade on exchanges according principals of diversification.

that's why ICO have been baned from google over month ago. but now google allowed only for  US and Japan. Google use hard rule for that, ICO advetising must have certificate, providing all information in the form of licenses, permits, etc.

I THINK if thier is no main thread we should create one and its task is to talk about new projects and ICOs and evaluate it. We can all add to this by evaluating each new project.

It is always good to study thoroughly about the projects before we join either their bounty or ICO. Read the whitepaper and information on the website very well for coherence. Look out for typos because most of the scam projects are developed in a haste.
I believe the forum is setting up an anti-scam group which will check on projects which use fake pictures as team member and the like.

Government? Yes they can help here especially the SEC but it takes time scammers can get our money easily if we are not aware.

I joined a telegram group where bounty hunters and investors that is a member of bitcointalk is united. Through this, we have a much more greater power to penetrate the companies activity and have an influence to the public view. Let us help each other, join the telegram group: Mad hunters

You're indeed true. Now, about 50% ICO are scams. The comparison is true that now there are so many scam projects. They have presented the projects in very great appearance, concept, and also community. However, whatever happen, we must be smart to analyze the ICO whether it is scam or not. I know that it will be definitely difficult. However, we have no choice besides spending more hours to analyze the ICO, team, community, and wallet, to ensure it is scam or not.

I find it good to be true, because the adoption of the cryptocurrency has gone times fold as the year passes by. Many users are in to this ecosystem as of now. And its a good advantage, the bad part of it is that many users also right now are making possible scams attack and they aim it on the newbies. So be careful out there.

You have to be more careful. I was also a victim of a scam. scam is very difficult to eradicate because, fraudsters are getting smarter in action. but maybe you are right, the government should help to secure Crypto from scammers. but the problem is that not all governments legalize Crypto, so it is difficult to help optimally

Crypto is increasingly promising and it certainly makes a lot of scammers want to get results from this field. resolve them easily only when it could deepen a crypto well and can do the proper analysis is certainly able to anticipate a lot of scams happens. things like this analysis even will be needed in the long term to avoid scammers who are also getting smarter looking for loopholes.

Man, you know that 80% of market is a scam?
We should adopt to it,because these guys are making good web sites,they hire team members to perform on meet ups and it is getting harder to distinguish scam.

It is easy to kick scammers in the community.
If people know they are the one then noone will come on their ICO.
The hard part is how to know that they are scammer at the start of their mqrketing?
That is the big thing to solve in this community.

Due to the decentralization mechanism of the cryptocurrency market, no country has full control over it, which means that no government can impose sanctions on all fraudulent acts!

Do not invest for their project. To know if the project is scam is possibly the selfdrop investment. I encounter some of it they have some categories if you invest .05 ethereum or bitcoin they will give you a hundreds of tokens. Then if they collect all of the funds made by selfdrops, they will run it away and leave the project.

there are a lot of scam projects circulating outside they manipulate collected funds and as if they have reached softcaps or have a lot of requests even though they are just manipulations and not genuine, so you should be able to avoid ICO scams like that.

If you are afraid of the fraud rate of the ICO project, then you should stay away, because even good traders can't avoid being cheated!

Maybe only way to be protected be more informed about team yep sometimes scamers do their work so good noone can understnad what is going on we can remeber Centra.

I think there must be a team they formed to examine fraud projects. And if the team can run the project will definitely experience more success. But for now, everyone checks based on their abilities and experience. The price of crypto coins fell and this also affected the ICO project.

What can we do than ignoring them, this year is full of scam project most people already lose hope in crypto because of the money loss to scam.
I think the government intervention will be nice in the coming year so as to deal with scammer if not the whole thing is going to be run as more project is coming in the more scam they're

Today there are so many fraudulent ICO projects, we can not check and find out to warn the investors, so in my opinion we should consider and improve the knowledge to analyze the coin. better. Do not be disheartened and as such will be prone to misplaced projects.

The main reason, why these scam projects are existing are the investors and bounty hunters that are not checking the project before taking part and start promoting it. We just need to be more careful with choosing a legal ICO.

I think the only way to fight this kind of thing, is the regulation of ICO's which would filter out all legit ICO. We need to be very careful in spending our hard earned money in any investable assets or ICO, i think this is the only way we could fight those ICO's.

Along with honest ico, there will always be Scam projects. there's no getting around it.

Yeah, but how do you calculate that? cheat reviews we also practice. And, too, as it is not very good

Unfortunately today we can find alot scam projects. Everyday start many new ico and  new projects, so its difficult understand which scam and which is legal project. For moment we can be only  more careful and control project as possible before participate. 

First of all, you need to read more about this project. Ask on the forum. Weigh everything. And then, having thought in detail, to make a decision whether to invest or not

Only heard from the news "scammers, scammers" and nothing more. It's not as bad as it looks. Otherwise it would all just fall apart

This is just the point we cannot runaway from. Bringing in the government means bringing in regulations and it is very good. They only way this scammers can be apprehended is by having institutions or authorities to summarily death with them whenever they are caught in the act. That will serve as a deterrent to others.

Projects such as CIVIC or Traceto, which have already held their ICO, have not yet fully implemented their projects. I think we should wait for the moment of implementation and look at the new form of ICO with enhanced security.

This bring us to the question about regulators on crypto market People who against this don't understand that they will clean market from things like this!

In my own opinion, even we find solutions for this kind of situation there will be still scam project. Even we ask help to the government they cannot still do anything because they are untrackable. This is the reason why the government of other countries do not accpet cryptocurrency because of this kind of situation.

They will also bring in more invigilation. You'll never know who has your data collected via KYC process and who he's selling it to. Do you think that there's no scams in a regulated market? Stock exchanges are regulated and there were so many ponzi schemes and scams like the ones by Bernie Madoff and Jordan Belfort.

I also agree with the opinion that it is fraudulent projects that lead the cryptocurrency market to devaluation and most of the problems are connected with fraudulent ICOS. It is unlikely that this issue will be resolved on its own. We need help from the government to resolve this issue.

today, fraud can be expected everywhere, as well as deception from the state for its citizens. This applies to almost all countries. But the cryptocurrency market is developing quite a lot of fraudulent projects, which are increasingly beginning to steal not only the funds of users of cryptocurrencies, but also personal data, using KYC.

Carefully study the project, although the scams today on so many competent some things do that people are free to invest money, and then they all throw, you need to here eye after eye,and of course if you do bunty 50 or more companies 100% will Scam projects, as all study will not work for you,and if you are an investor, look at what about this project say professionals that write about it, its rating, the team and all that you can, and then just invest

To deal with scammers is very difficult. If there was a team on the forum that would screen out fraudulent projects. But for this, the Bitcointalk Forum needs a lot of work to do.

As You say.. how cryptos getting more and more mainstream we'll have more and more ppl hoping for easy and "free" money.

this is certainly a very frightening specter for investors, bounty hunters, and other crypto communities, and this will also have a negative impact on the cryptocurrency market

I think that we can't do anything without government. We need official punishment for teams of Scam projects. After it, most of them will disappear. But it should do every government which is probably impossible.

The problem with fraud projects does exist and this is a sad fact, but I do not think that government intervention can improve the crypto-currency market. There must be some other way out and a solution to this problem.

Here the help of the state is definitely needed. We can not effectively deal with fraud in the ICO, we do not have the capacity of law enforcement agencies for this We can only study the ICO projects more thoroughly and not join them as participants in the ICO generosity campaign so that fraudsters cannot raise funds. In addition, we can interact with information about fraudsters and warn investors about them. In general, this is the pure work of law enforcement. However, to prevent the occurrence of such frauds, states should create appropriate authorities that would check the ICO teams and control the collection and even the targeted use of the funds collected.

We must be a thousand times more attentive and smarter than those who are trying to deceive us. They ALWAYS leave footprints, and we must identify them as soon as possible. It is also very important to distribute any suspicious information.

Extra effort on the part of bounty hunters is needed to weed out scam projects, taking a little more time to do background check up for the team and try to find out if the project have a working product can help to determine the ICOs to promote.. On the part of the government, if a panel or commission can be set up to work on how to regulate the crypto business then submit recommendations to the government on what can be done to curb or stop scam projects

I am really very concern that the current year i have seen huge scam project, It really so hard to identify scam project specially for newbies. I think that it is very danger thing of crypto reputation in world widely. So it is the perfect time to action against scammers by authority  unless  it is not possible there any action steps against scam project then so many investor will be facing lose their money from crypto world.

Openly denounce them is the best thing we can do, since this ecosystem is high risk and not well regulated, there are still no clear rules about certain things, so the best thing we can do is to support each other as a community to denounce these projects and don't let them deceive anyone else.

First and foremost, we must exercise the utmost care. Read up, ask around and Google. Check and double check. You can't be too careful. It's the only way.

Unfortunately there are a lot of scam projects now. I would like to wish investors to spend more time studying projects, read roadmap. I think sooner or later, governments should regulate ico.

Yes, I agree with you. Fraud in ico projects has become much more! 90% ico is a Scam. Before participating in the project, it should be carefully studied.

The most effective method of combating fraud in this case is government regulation of ICO projects. Some countries, such as Germany, Japan, Russia, and others, are already developing regulatory acts to regulate the activities of the ICO. However, they are unlikely to come into action in the near future. Considering the fact that the general situation in the cryptocurrency market is very poor now, it will probably be better to suspend our activities as bounty hunters, or very carefully select ICO projects and hope for good luck all the time, since avoiding fraud and other deception ICO commands, such as announcing a KYC check after the end of the ICO, will not succeed anyway.

Scammers are very difficult to eliminate. They are accompanied by the growth of the cryptocurrency market. Only when the cryptocurrency market rapidly grows into a mainstream investment product can fraud be eliminated.

The government is only watching the cryptomarket and is not in a hurry to strictly regulate it. I think that in the coming years there will be no changes and the price of bitcoin will continue to be controlled by speculators.

We do not have effective opportunities to influence fraudulent projects of ICO and even more so to resist them. To do this, we need certain powers of law enforcement and judicial authorities, that is, we need to use the repressive apparatus of the state. Moreover, in this case fraud as a crime has signs of simultaneity in several states and the efforts of several states and an international police body like Interpol will be needed.

Its hard indeed, to try to avoid any scam project, but we all still need to keep on moving.
We have to learn even more to avoid being scamed by those kind of project. So learning is a never ending process to be better.

We can't get rid out from the scam projects, this is like a bad side of the crypto world. No security projects can remove scam totally from the ICOs or bounties. It's all about us. We have to be more conscious before participating in any projects in the crypto field. Scammers are very active to cheat you! So, Everyone needs to read and research as much as possible before making any step here.

There is not really anything that we can do about the number of scams in the market, scammers have realized that they can make so much money in this market that they are not going to leave it just because we ask them nicely, also it seems that regulation is going to be impossible for this market so the only option that we have is that the level of education among investors goes up so they stop investing in those projects.

You are indeed correct that lately many scam project appearing. What we can do perhaps tried to report to moderator or perhaps informing the others that there is a scam project, but we need to have a good evident to do that.

SEC is not too influential to prevent ico from really leading to scam, regulations to prevent ico scam must be in place so that investors do not give up, and every ico must have a permit from a certain institution which is a legal umbrella, for example the SEC or others such as the state maybe

I think its really hard to distinguish a project that will last for long term, every funds on ICO we invest is 50/50 so I always invest what I can afford to lose. There is no assurance that the project will become successful and not gonna exit scam. For a higher chance of success, I must say always diversify your investments portfolio.

the scam seems to be a big threat in this year for crypto. It is true because crypto is also increasingly promising so more and more people have a way of being able to search for instant results without a comparable effort. avoid this of course quite difficult due to the fact there is always a victim. the analysis in the project becomes the main thing ICO be determinant to expect profit from ICO.

You have take more learning with many scam project have your participated, at the next time you have learn more before joining and investing at some ico project investment for keep away from scam and fake project ico investment.

yes, let's just say that is a learning and another time you have to be more careful in investing in ICO fraud. I think to avoid or know fraud the first step is to check all the details of the ICO project before investing because it is a good way to see if that's ICO scam or not. one additional point, and don't forget to always monitor and see information from the team.

This problem of scam projects is we deal this for a long period of time and until now they still continue to exists because it is their easy way to earn money, I think that this is also the reason why some investor are afraid to invest into ICOs especially to new to crypto, we can't avoid it if we check carefully into the tiniest detail of their project and where it came from, scam projects used fake location and fake name of their team.

The investment in ICO now looks like 30/70. 70% is ICO scam and we can meet if not careful. I have invested more than 12 ICOs and only 4 ICOs are successful for me, an alarming rate for investors

I agree. The government should be aware of what is happening on the ICO and they need to get involved so that they can minimize the number of scam ICO's. It's luke having a police in a community. Their presence itself will stop those scammers. I think it is much better than letting them do what they want. We already seen the results.l and its not good for anyone.

In order not to fall into the hands of scammers need to be careful when choosing a project for investment. More to study the documents and team members, the most important thing that the company's product was interesting and preferably ready. I personally consider only those projects that have finished goods (products) and advise you.

Not only do analysis need to know in advance what you will get or nothing at the end of the project ;D, if you take the time to make sure and find enough information about that project. But according to my observation, only up to 75% of the ICO's projects are fraudulent, not to 90% as you said. ::)

I don't think a government cares about the scammers. We need to take care of ourselves by ourselves. The effective way of doing this is sharing your negative experience and knowledge here on this forum. This way we can inform each other about the scam projects and prevent other people from getting into that trap too.

There is nothing we can do but learn from an error, for the future, if you will invest in Iico, you must really learn in detail about the ico, do not choose the wrong one that will cause you to get nothing

It is very difficult to distinguish a good project from a scam, even if you carefully study everything. Scam a lot and we need him to do something.

Basically this. More people need to speak up for better or worse. Knowledge is power.

Why this year took the lead was due to how easily ICOs raised money within split secs last year so every Tom decided to deploy their smart contract, draft a whitepaper full of many lies and grab investors money. What I do no is if such a project don't have an MVP or haven't been in business in the real world, I don't invest.

The current fraud project has dared to appoint a real team, they have a discussion by making video recordings, as if their project is successful and has better technology, hopefully there is a way to handle the ico scam project because it harms many people.

I believe what we should as at now, is to move on to another project, many projects these days are just out there to scam people and nothing is been done about it, it is very annoying.

The only way we can do is leave the project as soon as possible after we know that the project is a scam and don't overthink about the rewards because they will not pay the bonus to the participants. You need to know the details of the project before you join and make sure that you already make conversation with the manager and the team, so you know how good the project. Although it is not guaranteed, at least you can think twice to join in that project or not, and it will make you more careful.

Now there are a lot of scams on the market, as it is difficult to check and prove fraud. It is necessary not to believe very fast and tempting offers, to study, to find communities and to invest in such perspective small means which it is not a pity to lose.

There are many scam ICO's projects and it is not safe to invest them now. I'm not an investor, I do bounty, airdrop only.
As my way, I usually check project before participating in or ask some of my friends who have experience in evaluating the project and decide to join which project.

We still have nothing in our arsenal of new tools, so I think it would be best to also hone the opportunity to analyze the projects that are on the market today, so we just try to find out everything we can about the team.

Check their idea and their product first. Its the important one. Cause if their idea is really a brilliant idea and their product is good too then of course it will attract the investor to join them.
After that check their developer background skill.

perhaps what can be done to prevent this is to be increasingly tightened on all regulations to conduct ICO projects. because now it's very difficult to determine which projects are safe and which are dangerous, because the difference is very thin

It's better to avoid scam projects if we find, indeed there are so many promising projects and this, of course, we must be smart to find it.
If you find a scam project then stay away from it.

In any case, ICO needs government regulation. Fraud, when large sums of investors are appropriated, is a crime and the state is obliged to intervene and look for not only criminals, but also ways to protect the victims so that such crimes do not recur. States have been inactive for a long time already. However, simultaneously with the legalization of cryptocurrency, the state will be forced to regulate the activities of ICO.

Yes I agree that in this year many scam projects we have seen and this is really unexpected for everyone. But  past  is past now we have to more careful about this so that we don't got scammed again.   

The fight against fraud has already begun and soon such projects will be closely on the market. On the part of the state, legal documentation is being developed, according to rumors, projects will have to have a certain amount on their account, and the product must be ready or almost ready, only after that it will be allowed to conduct ICO. In addition, blockchain platforms are being developed to protect users from unscrupulous developers.

in my opinion there is nothing tat ypu can do about scam projects as there are so many of them and so little chance

you willnever be able to do anything about scam projects as there are a lot of them and there will be much more every sedcond

The scammers aren't going anywhere so we don't figure out how to deal with them they will always come up with something new and I think there will only be more scammers.

i do not really think that we can do skmething about scams and scam projectsa s there are a lot of chances that we will fail

There are really a lot of scam projects nowadays and also there are a lot of investors who also a victim of scam, i think this is the kind of reason why the governments of the countries would not like to accpet cryptocurrency because they think crypto is just a scheme to scam other people. Hoping that this scammers will be put behind bars because a lot of people are losing there money and time just to participate in their bounty campaign.

I'm afraid that without the support of the relevant structures, there is little that can be done, since there are a lot of scams and they are constantly becoming more sophisticated. My advice to you, just do not invest in ICO yet.

I strongly agree with you who will look for solutions and to kick scammers
because this is very detrimental to those who have worked and who have tried in the bounty.

It all depends on your desire to circumvent the scams. If you never want to get them, it is better not to try to go into this area, because even a working project can be fraudulent.

I see the most important thing in the present time is to find and stop ICO scam projects. If not prevented in time, investors will no longer invest in ICO projects in 2019. And I think the method to stop the ICO scam project is to get a thorough knowledge of the project as well as the developer team.

I realize that there are more scam projects right now. The scammers are also smarter day to day, they scam us with various ways. The solution should come from our selves firstly. We must be smarter and more careful to analyze new projects. Since there are no parties to regulate it, we find the solution with our own efforts.  

Exactly and that is one of the many reasons why some countries banned ICO's. It's hard to control such program because there's no proper regulations about the case. So, this is why investing in this kind of business requires a big risk because everything could fall apart from nothing.

Unfortunately, I have to agree with this statement. Now the number of scammers in the crypto market is too large. I very much hope that this situation will be corrected in the future - thanks to the experience of investors and new regulatory principles in order to eliminate major threats to market participants.

Reason why a lot of scammers
1. Economic problems and people want to get rich quickly
2. Crypto more widely known by people and high-value
3. A lot of careless people and they think crypto is way to get rich in an instant

How to eradicate them ?
There is no way other than coming from yourself or can also from the token platform, so people can't just recklessly make a token for the project.
But a scam can be a variety of ways either HYIP or ICO project. We must more clever to choose and analyze don't just put assets easily.

I think informing our friend or to the moderator would be good. as long as we have a good prove that could absolutely support what we found about a project on being a scam project. We can't just said a project to be a scam just by having an incomplete data.

scam projects have been and will always be, they always become more in times of crisis in the market, in order to deceive as many people as possible.

.agree with you, this bear market, even almost a year we see the bleeding market, but this makes us more aware and make a selection to kick scammers, because I think the experience of being cheated, makes many investors more careful and understand more about the Scam ICO

at the end, of course, the analysis for the ICO would be able to help the project to avoid a scam there is. This is difficult once done correctly because many existing projects and even almost similar make scam and not difficult to be identified. but the only way is indeed trying to be smarter than the scammer to avoid scam they make.

We should invest our own time and check the projects better. If you would invest 7-8 hours in researching a project, you would minimise the risks of choosing the wrong ICO. It may cost a lot of time, but it would safe a lot of money for you.

There are a lot of scam ICOs are coming regularly. We should aware about. Before investing in any ICO, an investor need to justify whether the team is real or fake, probability of the project.

There is obviously an increase in the number of people participating in cryptocurrency, most of which don't have an extensive knowledge of the crypto world. In my opinion,  people that fell victim to scammers must have been promised or attracted by a get rich quick scheme and lazy to carry out their research on the project before investing.

We need to search for legit projects. Nowadays it is not easy to find a great project, that will give you great profit, but with enough effort it is possible even on such a market. Be patient and invest only in legit projects.

Agree with you. You can use different ICO rating sites to check the opinions about ICO project and check are the team member legit or not.

To prevent contact with scammers, it is necessary to look at what projects you enter and who is the Creator. Check their social networks and find out where they previously worked.

A very small number of scammers prepare qualitatively their future fake project . Therefore, it is necessary to know the basics of scams recognizing (poor-quality websites, no exact goals, nonexistent team members, etc.).

the shortcomings in the crypto world especially in the ICO project are the absence of an authority that can guarantee a project is deceptive and guarantees investors from fraud cases

To avoid scam projects, you need to carefully study the project, the team that deals with them. There are good teams, and some rogues.

yes that's true, this year there are many projects that are scam. I think we need regulations to regulate ICO in order to prevent scam projects.

Do not invest in projects that give signs of SCAM, and for this you need to spend time to study what is on the market, what is common in projects that turned out to be Scam, and in those projects that you want to invest that they have a special, team, idea and everything else, only careful measures will help to save and increase money

and how do you suggest our resistance? if we somehow manage to insert nore security in projects, how do we know they won't find a way round it, too? we can share the information about scam though, might be useful

The government can only play a limited role in this. Because even if one country bans the ICO, they will just move to some other jurisdiction where there are plenty of loopholes. It is up to us to take the necessary precautions.

There is too many scam project this year more than others because there are too many newbie investors in crypto space more than other years. So if these investors will increase again in the future these scams will increase automatically. Goverments can not do anything about scam icos.
Crypto is decentralized they may try to do something but they can not block that fully.

Unfortunately now can find alot scam projects. So we must be very careful and need to read all information about project, about team, whitepaper... so in this way we can understand if its scam or legal project.

The only thing that we can do is to try to protect ourselves from scammers it is impossible to protect the whole community from scammers because they are always going to find a way to deceive people and some gullible people are always going to believe whatever they are told, it is way better to use our energy to try to find good projects that are worth supporting than to try to eradicate the scammers of the market because that is simply impossible.

maybe one solution to reduce the level of scammers is to recover the market, because if you look more closely, the beginning of many scammers was earlier this year which was the beginning of the deteriorating market conditions. but basically no one knows when exactly the market will experience a recovery, it's true that lately many people predict market recovery will occur at the end of this year, but even now the market situation is even worse and continues to decline in price.

I believe that investors can hardly do anything in the crypto market. The only solution in this case is to analyze your mistakes in order to prevent them in the future. The success of investing money in various new projects will depend on the knowledge and experience of investors.

I am also part of scammed campaigns ,not one, but many in year 2018, not earned tokens after putting hard effort, and got tokens which are of $0 value due to ICO's run away or proved to be scammed one. Nothing much left in crypto industry as of now.

The only way to stop scammer is to stop investing to ICO who do you think is scam and for sure once that happen scammer will be lazy to create ICO. Before investing make sure you will do make some research to know if the ICO is scam or not.

yes, in 2018 there were so many scam projects and the best solutions to avoid scam projects we had to be careful in determining projects and doing a lot of research to avoid scam projects

for now I can only direct here https://bitcointalk.org/index.php?board=83.0, because I think this forum is the biggest in the world in the context of the discussion about cryptocurrency
I am very sad to see my bitcoin brother being a victim of a recent SCAM case

I think the steps taken are many to eliminate scams but they still exist.
due to the absence of current regulations from the government, it is better to guard ourselves to be careful to invest in an ICO project.

I have a similar experience. Now I choose the projects after examining them with all possible resources. I do not feel good promoting a project that ultimately results in a SCAM. Also for our crypto world, it is very harmful. I wish there are strategies that do not allow them to create themselves anymore.

we are very difficult to determine which projects are really serious in developing the project or just playing around to get big funds from investors, so this is what we need to know that this kind of project should be avoided, therefore returning to strict regulations in creating a project

What to do on such market?

It is usually rather difficult to identify scam projects, so I do not think they can be regulated. If you are an ICO investor, the best way to avoid participation in scam ICOs is to analyze the projects carefully, starting with the idea and the team.

Our current difficulty is that we are not sure if the project is safe. I think this is an unsolvable problem. Due to the decentralization of the market, no country can achieve unified management and supervision of the market!

Of course, 2018 was the worst period for investors in the ICO market. Because the number of scams among the new ICO projects turned out to be too large. Therefore, there were big problems and difficulties in finding really reliable and promising projects that will be developed in the future.

There is no need to think long when you know for certain that the project you are following is a scam. Immediately move and join in other projects that have better quality and high potential, not a scam. To be able to find out, at least you join a project that has reached its minimum sales target. This method helps you to know the prospects of the project.

You have left and forget your coin getting from scam project, never is important you get from ico investment or bounty campaign, you have take more experience at the future with new ico and bounty campaign project if you joined.

Yes indeed, scam projects are now increasingly developing. This is because crypto is very free to use and develop, so that everyone can make their respective ICO projects even though they are scam projects. So it is very natural if scam projects are growing from year to year. I don't know how this can be prevented and I don't think this will be changed unless there are regulations that tighten the making of the ICO so that it can be better monitored so that scam projects cannot be developed.

We should invest a lot of our time to investigate different project, and search for the proofs of legit for an ICO. It may cost a lot of time, but it would definitely save a lot of money in the future, if you detect a scam project.

we really need regulation to become an ico bridge, ico must have a credible license that can be held accountable so that investors have more full trust. but it seems difficult to happen if it does not involve countries in the world. and this is the real problem

I think we need a new standard for ICO fund raising model if we want the industry to thrive again and I think the DAICO concept will be a perfect solution. Any solution that can protect the interest of investors and force team to be responsible will surely chase off scammers and those that has nothing tangible to offer out of the industry.

I think only when strict responsibility will be applied to those who launched scam ICOs, the number of such "projects" will decrease dramatically

We need to create an organization, which will destroy all the fake tokens and will restrict their future appearance. It seems to be the only way.

The easiest step is to leave. The absence of punishments and binding rules makes the scammer free to carry out the action. Then we must always be vigilant. In my country, the government has warned that cryptocurrency, especially Bitcoin, is a high-risk investment.

Nobody forces you to invest in such projects. All you need is some more attention, so you could avoid them and put your money into right ICOs.

Due to the market's decentralization mechanism, no government can independently supervise and control the market, which requires all national alliances to achieve!

Before leaving, you first need to understand that the project is really scam. A lot of projects start their way honestly, but having collected enough money can turn into a scam. Like, for example, the Jinbi Token project by Sylon manager, which collected more than $ 40 million (according to their assurances). Since yesterday, they deleted the chat and banned all chat participants, including investors.

You cannot defend your rights in any way. Your only way is to abandon the ICO investment and learn more about cryptocurrencies. This year, the cryptocurrency market is sluggish, most investors are losing money, and ICO's failure rate is very high.

Yah! What could be a scam? Now there are only real projects on the market. No one self-respecting investor will invest in story without a prototype, at least, and even without a working product!

I saw with my own eyes that there were fake projects that had already been planned with only capital communication through social media, they seemed to be gathering teams from various countries even though they only put up their photos and pretended to create ico, it was very disgusting

Nowadays it is not very difficult to detect scam ICO. You should simply check the info about the project at different crypto portals and websites.

There is actually nothing to do with that. Scam projects is there when I was first started joining bounty campaigns. But not totally all projects are like that maybe you said that because the project youve join in didnt reach their target and nothing for them to pay you. Cryptomarket is actually down right now so we should wait for it to recover.

They just want to get money from the results of the fraud they did and this year there were many things that happened. You should be careful to look for a project that you want to follow.

we already know that bad thing happened this year. Even with the poor market increasingly making a lot of project scams. there must be something that limits ico going on, if not it will be more ico who deceives many participants.

We need to start by instilling a culture of a smart investor. Many people too lazy to study the project before investing in it. I think only 1 out of 10 read the white paper and only 1 out of 50 look on the teams profile.
Most of the scam project can be detected by simply analyzing this information. We never get rid of scammers, they always are near to the money. But we can be more cautious and selective. And I think it will be a good start.

Those past years were the golden days of ICOs, now most of them are literally scam projects.

Just have learned that through ICO they can collect much money without any need of surpassing any requirement from the government. But since SEC is starting to step in, they are becoming careful now and concerned to the investors.

In this year scams project is increase more than previous year, i think we really need good security project so they can protect investors from the scammers. I think next year scammers will decrease.

Governments are not in a hurry to help cryptocurrencies as a whole, because they are not interested in this, they will take action only when they see that the cryptocurrency will face another fall and will start to grow!

Real projects or not are not a conclusion to as whether the token or coin associated will be a success. I have seen a lot of non-real projects become big successes. Look at EOS for the biggest example. No prototype no product just copypaste code. And when they did get the product moving, it just became worse. Investors is normal to want to invest in ideas but we now learn that ideas in crypto are literally 100 ideas a day, and all implementable at code level.

Utility is still the major obstacle! Product can be great but if nobody uses? Product can be stupid kitties but if people use it, it becomes a success!

Yes indeed the number of scam projects this year is so high. I think we need some kind a filter that can help us for choosing ICO. A filter can protec us from fraud attempt and guaranted a ico so investor trust a project and spend their money on it. Just my opinion good luck mate.

I think that is what the market and whales doing they are kicking off scammers with long bear market and falling price

Unfortunately, we can not do much about this. The only thing we can do is not to participate in such projects and without our funding, no one will survive. I do not know how to remove them, but we really need to do something about this, otherwise it will continue to grow. Now what we can do is just to avoid them, study about their groups and projects before you join any ICO.

Whales and there are scammers who play against the crowd and want to shake the last money to buy themselves at more attractive prices.

on the contrary, I think that currently analyzing a project is very difficult, in fact some projects are good in appearance and promise in WP documents, even they do KYC end up with a scam

You can do much, convincing a project scam or legit project is not as easy as you might think. You cannot be sure by just looking at the developer but there are many small things that can ensure that the project is scam or legit. You can be active in scam accousation forums in order to ensure the project, the more people who understand or know how to convince a project, the more chances of cryptocurrency avoiding a bad image scam.

SEC will take care about them. At the moment there is no regulation, so only community research can prevent scam.
I heard about some tokens delisted from Idex, so community members noticed fraudulent activity!

that is why there are some governments that do not support crypto and even forbid it, so do ico, because they understand the risk and they cannot eliminate the risk, therefore many choose to ban it so that no citizen is trapped in the project or scam ico

Unfortunately there is no any 100% insurance form this. All we can do is learn more about projects we are going to invest

this year there have been a lot of scam projects popping up, it's hard to tell which projects are good and which ones are scam, I don't think the government can intervene to deal with scammers, so to avoid project scam we have to learn and know everything related to the project

The best solution is double check the project if it is legit or scam. Once you see that it is a scam do not invest. Its to detect if the ICO is a scam or not but be wisely in choosing ICO project so we can avoid losing money. Do not hesitate to invest it the project is not scam because it will bring good income but if you see that it is do not ever think to invest.

there are a lot of scam projects that are currently circulating for that better before you invest in an ICO project then you should be able to see the security and benefits that you can get from the project, make sure the project has high demand.

I think the only way out of all this scam ICO is to have some ICO regulatory bodies that will oversee ICO activities. Once we have regulatory bodies in place then we will not be afraid of scam ICO projects.

ICO regulation in any countries is the solution that may help us in preventing from these scammers. because they come in any place and any time, with another new scammy concept from their project that can attract the interest of many potential investors.

Its quite difficult to detect or scrutinize the real ICOs from the scam ones, in the beginning everything work perfectly and  I discovered that most of them are rated however towards the end of the project they begin to give excuses of not reaching Softcap or hardcap, citing other reasons which are not genuine.

There is no specialized protection against scams, only your personal professionalism and your personal investment experience will help you protect yourself from it. In any case, adhere to this rule - if you don’t like something at least a little in a particular project, then it’s better not to participate in it as an investor.

Since the projects are scam, people don't want to go into real projects that will make money anymore. The reason is that ICO's isn't as lucrative as it used to be. Almost all of the ICO's made this year are almost 90% non-profit. I think the ICO investment model is over.

Ok, how do you want to control something that has no unified control point. You are such dreamers if you really hope for bad projects to end someday.

Many have run out of money,others have stopped investing due to the fall of the market and prefer to buy coins on the stock exchange.I also believe that the ICO in the form, and which is now-will not exist.

for me we should be more careful in investing ICO, right now many people have noticed the ability and use of crypto that's why many scam project has been sprout everywhere if you read the details and system this will be a great help to you to choose what is the safe project..

Yes, there are really a lot of fraud projects, but at the moment we cannot hope for anyone in choosing a project other than ourselves. It is unlikely that the government of any country will take responsibility and control the market for ICO projects.

it is madness how many scam projects, I loss too much time, some people loss a lot of money, need some KYC system for projects

in this case what must be corrected is the result of the analysis carried out before investing or joining a bounty campaign. because mistakes remain with themselves because they are not careful when choosing the ICO project

In anything or any place you must find fraudster the are in all angles all we need to do is just anything we are planning to do we need to make a good research first before doing it.

the reality is that there will be people who don't do research and will eventually invest in the ICO even if they are fraudulent. I am personally very deceived by most because you see every week that people have been taken. These scammers are getting smarter and finding ways to make it look more legit that for the average user they can't find it. I would say the way to improve it is to force people to really do their research before making a decision to avoid adverse events.

theres already plenty of solutions like DUNS and etc, but also actual work on the code is what should be a standard start for research with, github/gitlab/bzr/...
a lot of tech companies reviewing github instead of resumes, its weird there is no such practice among majority of cryptocurrency investors

Some ICO do that. They'll like hiding their funds from public, so they can give fake information about their ICO result was unsatisfied then they'll disappear. Also, what I see now is few ICO give information on their website that they already reach the softcap while it's just a fake in order to attract more investors.

Well i think we need to choose a good and legit ico, because anytime the ico will become scam and we can loss everything. I think there are so many ways to identify scam ICO I believe we really need to have more research and become more practical on choosing because it is not easy to get scammed.

Be careful when choosing a project, do not be too hasty to make a choice before knowing the purpose of the project, spending time doing the research is better than you choosing and regretting later.

There is only one right answer to your question: avoid them! But it is pretty hard and I think that I can say that it is almost impossible if you invest in ICOs. Most of ICOs can be considered as a scam because after token sale there is a long time when the project is silent, so many people think that the project is died and thats why they selling their tokens.

You should mention scam projects with our community to let everyone know and be protected. Besides, it should be critically accused on the forums as well as the campaign manager to get rid of the Scamers.because scamers take time and effort and money out of us.

it is very difficult to get rid of scammers in the world of cryptocurrency. although scammers one has been destroyed but there will be more scammers who appear and commit crimes to many people. at least we can avoid scammers by being careful and thorough in doing anything.

there arw many bad consequendes taht can be after taht but still i tyink the worst is taht peopel lose theyier self assuareance

scam projects kill peopel s trust in cryproxrrencies znd make tehm lose their money maybe the lasr money they had

In getting rid of scam projects, we investors have a very big role to play. We need not encourage scammers to carry our hard earned moneys way and also dissolve the market within their few days of existence. We have to be very vigilant when choosing a project to invest in.

Nothing than been careful before we proceed to participate in any project thats the most reason why its very advisable to make concrete  research on projects before becoming a part of it

I saw a project that develops a platform on which we can safely work in any startup and if it turns out to be a scammer the platform will return our money, I think we all need to work on such sites in order to save our money.

There is no start date for scam its always in every business i have been scammed before and i learnt their tricks and moved on apparently there is nothing that can be dome about it but we can help ourselves by looking out carefully for projects before participating in them

And on the forum there is no topic where they publish the scam IC? It seems that I have seen this somewhere. It would be nice to add all the team members who participate in such projects so that other investors do not fall into similar situations in the future.

I think you are not the only one looking for ways to solve this problem and now many companies are working on the development of such platforms, which, through in-depth analysis, will be able to identify Scam projects at early stages and prevent them from reaching a large mass of people.

There is a topic on this forum in which people offer to fight scams and I think that everyone who is interested in eradicating scams and not just being bounty hunters, they should join.

There are solutions and because of this scam projects we now have regulations by the government which I  kind of like to kick against this spammers.  Also, we need to stop patronizing them.

Its true scam projects is at it peak over here but sometimes i blame those who get duped since i think its their own fault which led to be victims. Most duped members just go into ICO's without knowing much about it. Never trust any project and cautious of your actions.

Youre right about avoiding the scam ICOs and what think about those people which think the some ICOs are died due to the project silent possibly dont read to understand the roadmap of the project because most of the genuine ICOs follow the roadmap as it was stated. Concerning scam ICOs after we avoid I think it will be better if we also spread the words about them in other to save other investors especially the newbie.

Scam has been in existence and it has been rampant in the crypto space, since the inception of this year, it's just that we did not notice, and it is because we have been been busy with the market that was bullish or moving upsurge. So since we did not notice them, because of the profits we were getting, they were busy succeeding with their schemes. They are are  more exposed, because of the bear market.

I agree we must safeguard from scam projects at ICO, but if I think the government comes and handles ICO projects so that the scam of the project does not happen then it will be difficult to happen, because the government has not legalized the cryptocurrency, so the government will not take care of ICO projects unless the government has legalized cryptocurrency, I believe the government will definitely take action for the ICO project so that no one will scam again.

Now there are a lot of scammers. We must be careful and picky when choosing a project for investment or participation in the Bounty.

I know there are some measures that are already in place to punish those who scam others but I don't know what exactly goes into it.  If someone can help us by sharing this information, we will all do well to report scammers and the necessary actions be taken.

The best way to punish scam projects is to avoid investing in them. For this we have to be more careful and to examine carefully what they can give us

If there can actually be an approve by some organizations representing crypto on each new coin to confirm how legit they are and announced them as a trusted project which people can invest into i belive that will reduces scam rate.

In ICO security from scammers, we can make more stringent regulations for the ICO development team. One of the requirements is to enter valid development team information, must have a physical office, there must be a neutral monitoring team at the ICO running.

It will take only intensive regulations from platforms that host bounty programs and ICOs in order to check the frequent scam project. Setting up anti-scam team that will follow up on each project in order to make sure that the team members of the project are real and the project is with working product or are in the process of developing it. Payment during the ICO can be made using escrow system which will allow investors to be on safe side.
Aside these services, it will take investors the sacrifice of performing self research on new projects and ICOs in order to identify the right projects.

I agree that there are many scammed ICO's project in todays year if we compare to the previous year ICO's. In action with this scam project we urge everybody and participants in any different bounties to report in the thread for punisheable sunction and punishment pertaining with there account to aware people and investors who is the number one supporters in digital currency.

I have found lots of scam projects and it really breaks my heart to see that it is damaging the ecosystem of crypto. Everyone should be vigilant and report it to the community so that everyone will be aware.

sounds good, that cryptocurrency now needs government agencies, in dealing with this popular SCAMMER problem
if indeed the government interferes in the world of cryptocurrency, is the decentralization feature of cryptocurrency assets still maintained? isn't decentralization the main feature of blockchain technology from cryptocurrency itself?

Scam projects are a major problem for bounty hunters, this year we have witnessed plenty of them. I think that we have to research well before participating in bounties, as joining in scam projects are a complete waste of time and effort.

I think rigjt now the right way to do upon scam projects is to report them all and make a thread for scam projects so that all of us are aware by the projects being just a scam.

The more worth it of crypto then more scammers too. It's been such activities that side by side of both good and bad. For how to handle it I think is very difficult. Human is created to have a brain that can develop by learning it,more strict security then the more people will learn to look for loopholes. This is the dark side of the crypto.

I hope that in the future there will be a system like this. it doesn't matter if the one managing the system is a third party.
there is at least a special list created by the agency where the project is trusted. so we can be more safe in investing

I think this solution will exist on each of the investors. When only the indiscriminate picking ICO so reasonable when encountering a scam and this is troublesome. But if you could analyze the ICO well then at least it became a nice step to avoid a scam.

If the government agency includes crypto, it will make the crypto safer and the rules will definitely be tighter. And there will be a team created by the government assigned to choose the ICO project so that fraud projects can be lost. And that's my opinion, so crypto is developing.

Regulation of the ICO market and the entire cryptocurrency industry is a step forward...but you need to understand that in the hands of the state cryptocurrency loses all decentralization-that is, initially deprived of the main advantage.

They will increase further if they are not regulated. I think the market is in such a bad condition that it has an impact on these ridiculous projects. when people's investments and labor are wasted, they withdraw their investments.

The only thing we can do now is to list these fraudulent items on the Bitcointalk forum or other social networking sites to help others reduce the likelihood of being cheated!

Nope this will still be a scam project. I saw some team conducting an ICO with good marketing strategies and feed back from the community but later on found out that the team working on it does not really have the knowledge and skill in implementing the project. There was even a time that I found out that the telegram community manager doesn't have the knowledge about the project at all that was the fun part because he was chatting that he wants to sell his part that almost cost half a million dollars.

Of a truth, this idea sound great and wonderful but the problem is that same Organization might also turn out to start approving Scam project for others to participate in. The truth the crypto space is crazy and we all have to do intensive research before participating in any project. But i think the scam is as a result of individuals seeing cryptocurrency as a get rich quick scheme which is not. Cryptocurrency is the revolution and we are the early adopters of the Blockchain technology.

There are a lot of fraudulent projects, but it seems to me nothing can be done about it.  Although if the community unites, then maybe it will give some kind of positive impetus!

There is nothing we could do but to move on and learn from our mistakes,
Maybe next time we should take a look on their team and developers just to make sure that it isn't a scam.
We should learn how to check if they are a good ICO or just another one of those scam.

The situation is uncontrollable at this moment, because the implementation and usage of ethereum erc20 blockchain is free to use to everyone and anybody could create their own coin and etc. The only thing maybe, we can hope for is that the ethereum community could restrict from creating new tokens, i mean they should implement certain security measures in order that not anybody can create their own tokens, and of course, we being the investors and or bounty hunters should be vigilant in investing or promoting projects, we should investigate first, before we do certain moves.

Since there is no cental body, there is nobody to control the process. It is the dark side of decentralized platforms and it is finally obvious for everyone.

for the scam project so you do not have to deal with the scam project it's better to make sure your bounty is a good one because it's not just a bounty of bounty so many scams that bounties are coming out today so if you go with a bounty just look at their website and groups if they are so many supporters and if they belong to icobench and if their admin and ceo really are because there are other bounties that they mimic other admin on the websites so they can not get too pretty See also if the admin is legit because of the overwhelming bounty of bounty so if you join a bounty check for good so you do not love your gut and do not repent at the end.

We can hardly organize an effective barrier to fraud in the ICO. This should be a problem for the relevant government agencies, since fraud has always been a criminal offense. The states do not interfere in this process for too long, therefore fraud in the ICO has reached such rampant proportions. In some states, such as Japan, Germany, Russia, they are already preparing relevant regulatory acts to regulate the activities of the ICO and they can be the basis for other states.

In 2018, there have been a plenty of scam projects, many scam projects have already scammed many investors and run away with their money. As this year we have seen many new investors have entered into crypto world, so scammers thought it would be easy to cheat new investors. I think we have to research well before joining these projects and the governments have also do their bit to stop these scammers.

i think that we should be more careful with what we want to do and aotht hins we invest in and theere is nothing else that can be domne

you will see eghat within time passing by the situation will get only worse as there are so many scammers right now and their number is growing

Fraud or scam project is everywhere, not only in the crypto world. That why we have to do much research before deciding to join ICO. Usually, I look for the team first. Searching their track record to know what they have done before. Second, looking for their product. Are the product useful or not. And it's better if they have MVP. Third, looking for their HYIP on the internet. That 3 steps always be my priority before joining a ICO.

Scam projects is why the SEC and KYV have been introduced. However, it should really be the project team that undertakes the KYC process otherwise it could be anyone that just collects a whole load of IDs for them to sell

I think that more blame lies on investors. Scammers have always been and will be. The big problem is in new investors who invest without even knowing where. This led to such greater distrust. If investors had studied projects before investing, we would always see a growing market.

Now we will see a new wave of scammers since market is recovering. But we can advertise scammers so everyone know what not to buy. And if someone have been scamed let he warns others. Its not a solution but it is a start

The only fail-proof methodology is to invest in those projects where the promoters are well known figures. Such projects may be 2% or 3% of all the ongoing ICOs and in some cases they might not appear attractive to the investors.

We are going frustrated if we participate on the scam project, Because we work for them and till the end it's was useless  and we don't have a bounty rewards receive from the project we work for. So if that happen maybe we should take a look at first if this project was better to invest or participate.

We can't do anything about it because this is there's no regulation yet for crypto and you can't stop someone from scamming others, the only thing that we can do is increasing our Knowledge so we can avoid getting scammed. They will stop scamming if the cost is higher than the result that they can get.

there is no control and therefore punishment is unlikely to receive therefore it is better to check projects and the feedback from people on the forum can also

In my opinion at the moment, there are no regulators to check the project for involvement in fraudulent actions, and I think this is bad, since the cryptocurrency has been around for years, but no one has developed regulators to solve this problem.

We are not authorized to have the right to punish scammers. The only adequate way is to learn how to identify them and not to fall for their projects

The government is not going to be in charge of managing this market. This is a decentralized market and we now have no tools to manage all the information users from the country. So when you are cheated, you should accept and draw experience for yourself. we can not do anything else.

They have always been, are and, unfortunately, they will! We must learn to bypass them with a party or at least try not to get very upset about them!

Certainly, some projects have been designed as scams, but most have simply been badly designed and managed worse, and inevitably have not achieved their purpose.
The important thing is to choose well with whom to collaborate and where to invest.

All this can be connected with 1 thing. The Fall Of Bitcoin. Very enterprising people begin to do what is more profitable , and fraud at this point has become much more profitable than trading on the exchanges.

I think that only the regulation of these projects can give us a guarantee that we will not be deceived

you are right, crypto become hotcake by ending of last year and by beginning of this year, a lot people join the space including scamming projects, but curently government is taking every measures they can to prevent scam from happening in the space and i think it's good for us all.

Yes, i got scammed and experienced that gross stuff. It is really unusual with that looking for search for good ones. Key is for searching to find its worth development throught activity of investors and to see its members and their previous working process. With that look for roadmap on website and that should do it. Try also to go to their social networks , how they work and how they frequently share their work. And that is all it is need it.

The government can only ban ICO and that is what happens now, I agree scamming is very high now because of the number of ICO that are coming up only few ICO are now getting funded and it's very hard to know if the ICO will succeed or not it's now a gambling and every one on each on now.

Do you need anybody to trust your money? I can help you, if you are interested you can send all your assets to my wallet.
...
Come on! You want somebody to make decision instead of you? ICO was that third person between you and blockchain which killed trustworthy paradigm, and you decided to add here fourth person which will control the third person
Madness ???

New quality experience comes only with time. It is impossible to avoid of accidents falling on fraudulent projects. I think that many investors who has seriously deals with cryptocurrencies had such a case when they met a scam project. It's a normal, the experience of recognition and the ability to distinguish good projects from fraudulent comes only with time.

We can kick them by exposing them and letting the community know, I have seen so many scam sites being posted in the scam sections this year than any year, every week there is a long list of scam sites, so better check them out and see if you are one of their investors or promoters.

scammers using crypto to scam other peoples because government cannot control the cryptocurrency.
Maybe some regulation about cryptocurrency is needed to protect the crypto holders in the future.
As holders and investors in crypto, we must do many things before give our money into some project so we won't getting scammed.

Unfortunately, today the number of scammers on the crypto market is huge. Especially this problem was aggravated during 2018. The main problem of the crypto market - investors are really very difficult to identify fraudsters. You can only minimize your risks if you carefully consider the choice of suitable projects.

This year is worse than any other year

We need to do something, but relying in the government to come in and help is the first stepp of regulation and I would not hold my breth will waiting for them to help.

if we know a scam is a project we'll cover it? if we think it's bad for a project to join us? First of all, not to be scam and not to be foolish is to be careful and to be especially smart in investing and working in a bounty project.

In the investment market a lot now alluvial. In the traditional business also occur, but less frequently.  Fraud is almost not calculated consciously, no one will calculate any projects at the government level, but it is necessary to create information portals, where such projects and their teams are entered. Now all on intuition and information communities. Good luck to all of us.

Information channels are a good idea...only publish there will be fraudulent projects only after they are invested.It is not easy to recognize dishonest organizers and it is not always possible to define such a project at once.

What else to do if you find or find a project is a scam? no sensible bounty hunters will join a project that they know is a scam. Even novices may be fooled by scam projects.

no bounty hunters are skeptical of scam projects if they are trained. the scams of scam projects are new and less experienced and capable of it. and the most affected by scams are the beginners.

I think a service for the supervision of projects that conduct their ico should be created , the creators themselves should pass the kyc , and in which case it will be possible to contact the police !

well that's right it seems like there are too many fraud projects this year, we have to be smart to look for long-term projects that can be sure that it's not a scam, but it seems pretty hard to understand scam projects or not, what we must be careful in choosing for this year might be so as not to repeat itself, and I strongly agree if the government intervenes in this matter.

It is evident that the community is uniting and trying to at least somehow reduce the number of fraudulent projects, but this is not enough, but not many options!

We definitely need a project that selects ICOs for us. I think Vertex was gonna do that and invest half a million dollars per project.

you need to immediately begin to regulate this market as fraudulent projects collect millions of dollars and leave with them

There must be a KYC for ICO process, so if they are SCAM they will be subject to punishment by the law. They can request KYC investors but the project does not need to declare, it too loose information for fraudsters to take advantage of.

The government can't control ICO. If that is what you want, then each ICO will KYC and your power will control the cryptocurrency threads. You want it? Now developing projects that needs to conduct safe ICO, for example ICOVO.

If we do not want to be cheated on these dimensions, we simply have to have good eyesight and good vision. Watch out for fraudulent schemes and fraudulent schemes. It would be nice if people knew and warned each other, this is what I hope to see ;D.

the KYC is needed for the developer team not just for the investor when they want investing they're money in some project.
in 2015 i've seen some project called POD Proof of Developer, this project running for verifying developer some altcoin for running their project is a verified person

In fact, it is very difficult to calculate the scams, especially experienced. They're always coming up with new ways to steal our money. We need to think for ourselves about our security. I don't think the government will do that.

yes right, this year has always been interesting because there are a lot of investors coming in from some of the increases that occurred in 2018, surely automated investors will be more confident in the benefits of cryptocurrency but behind that there must be people who use it to benefit them as scammers or others project and progress on cryptocurrency prices themselves.

The government will be able to monitor this only after the legalization of the crypto-currency industry.This will happen when States find a way to subdue the market and have their piece.

I see you OP has been part of the past campaign that we joined.
And neither of us was paid by that scam project.
It's sad to see that in the beginning they look real but in the end they are turning the tides.

This year there were a lot of scammers but also many scams were exposed by the participants of this forum. We need to carefully analyze projects and not allow them to suck money out of us.

It might be very difficult to know about fraud projects at the start of the project they launched, so if we want to invest in ICO, we better check the team in the project and have a direct conversation with the project developer because then we can judge for ourselves whether the project is scam or not .
Because it's easier to make tokens, more people will use them for their own benefit.

The only way out which I see is getting wiser. Or create a platform for identification of ICO, but few will be engaged in this and even fewer of them will succeed. Therefore, at this stage, everyone is self-responsible in identifying a scam.

the only thing we can do is avoid these kind of projects because there is no authority whom you can complaint about it. Even we can't reverse our money back once it has sent to someone.
Few days ago i was gone through post which was made by someone on LinkedIn he told that more than 80% ICOs are scam so be careful while you think about investment into ICO.

True, but when most coins are scams you come to a point in which you need to ask yourself if it is still worth it to keep investing in icos? Because when I see most coins going down and I see the suffering that this is causing the people I have come to the conclusion that it is better for me to not invest in icos for the time being regardless of how good I think a project can be.

Yes, many projects experience a decline in quality so they fail. And many fraudulent projects for this year and this has caused many people to suffer losses. And all we have to do is do research before deciding to invest. If the government enters the crypto world, I think it will be safer because everything will be related to the law.

previous projects or campaigns should be our experience to identify our mistakes.by learning from our experience we could avoid scam project in future.

I wonder what are the lessons and mistakes learned in about assumed as fraud project?
I think with the change of the market will change and ways to deceive investors.