Bitcoin Forum

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

They should include team details to know that they are legit and we know whom we xan contact when there is some profile. I will stay away in projects that don't believe in their project since they don't want to let people know who is behind that idea ir behind those projects. In ICO stages or start of projects founder should atleast be known. How they will be able to promote or attend some seminars if they are not known? Team's background is important in investing.

That's the main reason why most projects are anonymous, to evade potential legal issues in the future. Because most of them have the intentions to rip money from naive users, and disappear once they collected money, disclosing their team members will a big threat for them. So if you see a poor quality project raising funds, please don't spend your hard -earned money because more than likely, you will be screwed big time.

I don't see any problems exposing your identity if you really have true intentions of developing a project. Some are avoiding legal responsibilities or consequences or having their name involved in a project just in case it fails or turns out to be a scam.

I have previously heard about the anonymity of the team behind their project such as face photos using animated images, incomplete profile data and making most users wonder that is it about crypto anonymity or not? and I don't think so. for me every project must have a valid and transparent team. if not, then this will raise suspicion.

I didn't even believe if they wanna copying satoshi but from what I have seen before there were very big possibilities that can become scam projects. I should remind you about when the scammer create a scam project and they will never reveal their true identity to make sure if they will not get caught by the police.

That could be the main reason why they will not reveal their true identity or stay anonymous with it.

If the team is not transparent, chances are that it is a red flag for you. we need a real team with complete data verification, if a team behind the project is not transparent then I'm not sure if this project is good. This is not about a copy of the satoshi and it is clear that this is an act of deception trying to imitate satoshi.

The reason is that they are trying to avoid any complications in the future. They somehow have something in their mind that they don't want to provide the identity of their team. It is not because they are copying satoshi, but to at least make an easy way out if possible that they think of doing it. About the transparency, they only mean of it about the project without including their identity which is not right for providing transparency.

Mostly because if they used fake profiles, then they're pretty much going to get caught sooner or later, and if they used their irl profiles, they may or may not have the correct qualifications to even start a project and are just scamming others, or three, they just want to stay anonymous without any particular reason, they just want to. It's not like anonymous teams in projects is bad, look at how Bitcoin went, but MOST of them are just people escaping from responsibilities brought about by their bad project, so it's best to trade with caution. Besides, a team is just one way to judge the legitimacy of a project, there's still various ways such as the white paper after all.

There are some advantages and disadvantages to why they want to become anonymous?
Because some people or investors want the coin or project is open source or no one owns it like it is community-driven. While some people want the team are credible and legit, they ask who are they and people will do some research if somehow those people mentioned really belong to the project.

It must be questioned if the team is anonymous, and I personally dare not put money into someone who is not clear on the project. of course with them being anonymous can make them free to do other bad things.

I just feel like teams who tend to do this are not committed enough on their work. People are about to entrust you with their money and you choose to remain anonymous, theres no trust in their at all. And i believe that if there woukd be money involved, trust should be the foundation more than any.

There is no excuse to remain anonymous when you want to collect money from people. Satoshi that does do not sell any token, neither conducted IEO nor ICO, that is fear enough. If the project is not transparent enough to disclose team member for the purpose of competency on the subject and be responsible if anything went wrong, then those who put a penny on such are to be largely blame.

they don't want to be exposed because the most sensible reason is this crypto world is anonymous, and the team assigns anonym to maintain privacy. Moreover, investors and participants involved come from any country in the world and it is not possible to meet face to face. there is another, namely there is no legal guarantee because when there is a project failure, their privacy is still maintained. I think so

Remember this because this is a common thing that majority of crypto users known about this, the team that goes into the anonymous team and hide their identity from the public will always have a very high risk.

We must look at the history of the anonymous team because it will always be linked to the scam projects. When it was running by famous developers and then they will never try to hide their face from the public but sometimes there will always also an anonymous team that looks legit and after they have done successful development and then they reveal their identity to the public.

I think they have their own reason why they prefer to stay anonymous, and I think they don't copy what satoshi did. If you feel that if the project doesn't show who is the team can lead to the scam, you don't have to invest in that project.
People will invest in any project they want, and they will have their reason why they invest in that, whether the project has a team profile or not because the purpose to invest in the project will be different.

Isn't more appealing and more sincere project if the team is real and not anonymous? I've seen a lot of fake team profiles with great projects at first but ended up being left behind. Transparent progress as well as transparent and real team is significant to spot whether the project is build sincerely or just created to scam investors and participants.

If they are still hiding their real identity, how can be those project become recognized in the first place? I mean, future complications and issues shall be handled by real person. How can we reach them if they stay being anonymous?

The good reason for having an anonymous team is they maybe immune to future legal liabilities should the project goes wrong - wrecking its investors which is most often one sided only and that is to benefit these developers and not its hodlers and community.

Some perceive it as a red flag to the point that people tend to avoid being involved with it as with the case with previous scam projects with anonymous developers or team. Beware!

When they are anonymous .. They all turns out to be scam no matter what kind of exchanges they list thier coin or token . Avoiding legal responsibilities means they have the intention to scam at the end.

Anonymous team are not good to follow because they have bad thoughts . You are right.. Its better to follow projects with good team and composed people.

It is very interesting, public accountability is very necessary for my opinion for the progress and development of a project and this is important to know with both the Team and BM who will handle the project to avoid a scam project.

If the project is clear I'm sure there is nothing to hide.

Most of defi projects are lead by anonymous team and that was a bad signal for investors but from what i see peoples are born to be greed and most of the investors are not care as long the defi projects could bring them profit.

The team's transparency behind the project will be necessary because with the team showing their profile on the internet, especially in social media, the public will know that the project has a team that wants to make their project successful.
But that will not guarantee because the team can get the profile from copy-paste from the other website, and that is easy to do.
People will not know if the profile is real or not, but they can check it by contacting each person on that team to make sure they are real.
But if they don't show their profile on the website, maybe they don't want the public to know who they are, and they prefer to works behind the wall.

The team wants to be anonymous because they have very low confidence about their project. Every legit projects submit their onymous, now legit projects can't be anonymous, either later probability scam project. The anonymous team has two benefits: no external problem and others are hassle. Bitcoin topics are different but I won't join any anonymous campaigns.

Teams staying anonymous does not mean they should not have their true private-ID verified (and hidden somewhere).     The important thing is the verification of the identities of those working on very important/delicate/sensitive projects.... They can then use pseudonyms tied to the verified private identities in public spaces. The private identities of the teams will definitely need to be hidden/encrypted, in immutable forms, for access to the public or security agencies when they do something bad.

Staying anonymous should be optional, by the way. If most or some members of a team prefer not to have their pictures and other private information in public space, we should respect that. If others prefer to have this things in public, we respect that too,as long as the anonymous ones are not forced to be like the non-anonymous ones
Maybe we can have some sort of tags (or checkmarks) on their profiles that show that their real identities have been verified by recognized professionals/organizations who are good at online identity verification. The tag would be on their profiles whether they are anonymous or not... and that should be enough.

None of them are copying satoshi but all of them are Copying same Scam over and over again.
But yet people Like you still Buy their stories and still following them in Bounty or even in telegram as you mentioned many of those telegram you participated.
Those some that you see about investing?majority of them are part of the team ang just pretending to be investor so They can lure victims about their fake project and no product at all.

Never believe in Team that cannot even expose themselves because at least they are safe if ever there is a scam happens in the end.

By the way I would prefer a decentralized anonymous team members (with lots of responsibilities/powers) that have verified identities... And be a bit suspicious/uncomfortable with team members that have their real identities in public.
My problem with the latter is that they can be kidnapped or used by bad actors to attack their projects or do their bidding

Do not invest in a project that the development team has anonymity on, such projects are mostly scams. I have come across projects where the development team is anonymous, and such projects often end up with the development team running away with the investor's money and leaving a pile of trash.

It's best to stay away from such projects. One of the criteria to evaluate a project is the development team, and if we do not know who the development team is then we cannot know what the project will be like.
Such projects often end up unhappily

Of course cryptocurrencies are anonymous and no one wants to reveal their own information, but that is only true for investors. The development team should make their identity public so they can better promote and advertise their project.
Except for Bitcoin I will not invest in a project where the development team is anonymous.

That's just how it is, there are variety of projects in the market and I would rather appreciate an anonymous team rather than a scammer team.
one of the project I know which has an anonymous team is Deeponion (https://coinmarketcap.com/currencies/deeponion/), it was so popular during the last bull run but they struggle a bit now.

Lastly, they aren't forcing us to invest.

As someone who has been constantly reporting plagiarized whitepapers and fake teams on the Announcement thread in this forum, a project without a profile team is a good indication to relatively doubt about the project. You can also check their Whitepapers if it has been plagiarized and to know if they are copying other whitepapers in the website.

There has been a proliferation in the number of fake projects nowadays especially that the Decentralized Finance (DeFi) is slowly getting popular. I highly advise that you exercise extreme caution before investing into these projects without doing proper research.

There are projects that are anonymous but has good intention but I think they're rare these days. We all agree that it's best to follow those projects that has a better and appearing team that has real people working on it.

It truly is.

If someone invests to projects like those, they're investing blindly and entrusting their money to people that they can't see.

IMHO, I believe its only shallow alibis, in our present time that you can't trust anybody if the team is hiding without enough reason especially in ICO projects. you should move away from it its an obvious scam attempt unless the team is showing some representative like advisers etc. that was known to the public, it might be acceptable enough for the team to stay anonymous.   

There must be reason why they decide to become anonymous but honestly if the project involves investing and money it's just not worth it or in other word just avoid them.
If the project itself is like a dapps that doesnt require investment and the code is open source it might be worth a try but other than that it's just the dev trying to hide their identity lol.

You better stay away from it.
Stop getting curious about it. Most of them will end up in a bad manner and you don't want to be swimming with them.

It is not the same as Satoshi which they are copying. That ain't Bitcoin which they are making out there.
Just think about it.
If it goes south, how are you able to catch them?

Do the math, the market is lack of regulation, they can run whatever project they want but if you know the risk then you should not invest on a project that you are not certain. The thing is, you can't tell them to stop as they would still do whatever they want, some may run a project to scam people and that has been the reality in the crypto space, so it's just up to us if we will invest or not, we just can't change the current situation but we can choose a good project if we exert some effort to research to know about a certain project before we invest.

There is no good reason for staying anonymous if you are a member of a crypto project team which is trying to gather investment from people in order to fund the project's development. If you are creating a project which is not relying on other people's funds, then you could stay anonymous. If not, then you shouldn't be hiding behind a fake name or fake address. That could mean you are avoiding accountability. There is a reason for you to come out and face the investors and justify to them how their funds are shaping the project and producing nice results.

But in general I won't trust crypto projects which are dependent on other people's money for their own development. We should learn lessons from so many exit scams and projects which did not come up with a product after years of spending investors' money.

I think there is no problem if you show your identity as long as you did not do anything bad as a team member of the project. A good project will not hide their identity. But in crypto space most of the project hide their identity so that they can do whatever they want and they can avoid accountability to others. Also they can scam people here in crypto if they hide their identity. So,be careful in joining project.

Anonymous only applicable to PoW coins that have a fair launch, not ERC tokens where the creator issues x million tokens from thin air. My belief is that anonymous creator/team for non-PoW-fair-launch coins is generally a scam. However, the token price can still pump even if it's a blatant scam. That's the beauty of current crypto market! lul

People like privacy and not everyone are ready for full disclosure. It could be a red flag but not every anonymous project is a scam

If you look at top 10 cryptocurrency they all have non-anonymous dev. I don't think it really matters but you want to make sure that they have a team that you can go to if you have any question in the future. It is very important during this time when you have so many defi tokens popping up

There is nothing wrong if developers are anonymous. But it depends what project they are developing. If it is an opensource project that was launch fairly. Without any ICO or premine or instamine or developer tax, then there is no reason why you would need to know who developers are. Projects like this are Bitcoin, Monero, Litecoin, Doge, ... You dont need to know who develops them since they never did and never will gain anything from the project. If it is good project new developers will join in the future even if current developers stop developing.  If for a project developers took any coins or are being paid during development or if they made a crowdfunding with ICO, then yes they need to give to people that gave them money, their names and address.






There are a lot anonymous developers at Bitcoin. Satoshi is anonymous.

How can anyone be sure with an anonymous team, even a team with real identities is still in doubt and there is no guarantee for your investment. We are quite experienced with ICO scams, they don't care about published identities and some have dealt with the law. No offense, some anonymous teams can still be trusted but only on certain projects.

@op you have hit the nail right on the head, I don't understand how a project will claim to be transparent yet all the teams are anonymous and stay hidden, yeah transparent my a**   ;D
When I see projects like that I just assume they are not legit because if they where they won't remain anonymous, and I have noticed this to be common with all this new fake defi projects.

I have always said this but if the coin is not a project that is related to your privacy and the team decides to be anonymous then there is a 99% chance that you are in front of a scam.

The reason they prefer to not reveal their identities is because they do not want the law to have any data on them and it is harder to catch them when the time comes, also people in this forum are very smart and if they decide to create a fake identity you can be sure that we will eventually realize that as people are very good at crosschecking their stories and revealing their nature as scammers, so they are avoiding this by not presenting their profiles and they are finding out that many people simply do not care which is perfect for their nefarious purposes.

believe the project is seen from the team, only a few people do that because when investors and whale traders have entered by making the price go up rapidly it will influence other traders to enter and make them buy and support the coin to become more expensive than the previous price, so in this way investors and the whales are the ones who play an important role in increasing the high price.

sometimes they meant transparency within their project or their system but we all know that if the team anonymous then that transparency is as good as nonexistent. a project team should not be anonymous and always giving their real identity for credibility even if that project is some measly project.
if they think they follow the path of satoshi nakamoto then they are wrong because satoshi nakamoto being an anonymous persona is simply because it has too much risk of being doxxed when first releasing bitcoin.

There is no good in project with anonymous team, if they are asking funding they should not be supported if they have no name in the team page, investors will never know if the team behind the project are real people with good credentials to make the platform a reality, ICO projects should never have an anonymous team.

this does raise pros and cons. But anything can happen in the crypto world, even a project with a transparent team can end up being a scam, right? vice versa, the hidden team does not mean the project is bad. what we need to analyze more deeply is the project, vision and mission, and the product. if it really works and is profitable then it doesn't matter to me. like BTC, no one really knows who the team is.

The majority of DEFI's projects are anonymous and that is risky. Many scams, breaking projects in the middle, manipulating prices by selling out project tokens are the way anonymous groups are doing today.
Some of them are good teams and work seriously, we don't know how much they will develop the project. Even projects with a reputable publicity team were dismantled.
If you invest for profit, quickly join the ICO and get out.

I agree, thats the reason why they chose to be anonymous.
But we know its important for the team to become transparent.
So we can check their background and their previous projects.
Anonymous team of the project is likely a scam so stay away.

Lol. What a lame reason in that case ;D. They want to look like satoshi? If they will then at least they tried to make an alias but they not. Why? Simply because they want to protect their true identity when thkngs get f*cked up. They don't tell their names so that no one can sue them after they pull off their bad agenda — to scam. As simple as that. So stay away frkm such projects as much as possible. They are not trustworthy at all.

But here comes a twist, sometimes scammers are getting smart because they also knew how to use fake identities to make their project believable so better research thoroughly. Ask here if necessary.

Anonymity in DEFI means letting go of responsibility more than growing. Projects with an anonymous dev team are mostly scams or copying code from other projects.
Satoshi created bitcoin, but he also mined himself 2 million bitcoins before he launched a way for people to mine, but luckily he hasn't sold all of it.
Anonymity meant more to me anonymity. I don't believe in anonymous team projects.

Obviously if you are not providing your own information when making a new project, I would never in a million years invest in you. I could have 200 billion dollars like Jeff Bezos right now and I could be retired and not working and just collecting profit over profit every day in billions and I would still not invest 1 dollar into a project that doesn't show who is behind it.

This is literally worse than dropping some changes on the street and not picking up after it, there is no reason for anyone to believe in a project that has no team behind it that believes enough to actually put their name on it. This is why I believe no matter how great they claim to be, I will never believe them, since they do not give their names I rather not deal with any problems they might do.

They want to stay anonymous because their intention isn't right. Some of them legit wants to keep their identity a secret due to privacy reason. Others just wants to make sure no one finds them after scamming everyone.
It is not about copying Satoshi. If a coin that hasn't been premined and no ICO or funds in form of investment has been collected from people, then it is totally okay to hide the identity of a creator. But, if the creator is collecting funds from people, hiding their identity just makes them suspicious.

I agree with you, a project can't be transparent if we don't know the team behind it. This is definitely a red flag for me and I would wait for more information in the near future before investing. We are still in crisis mode due to corona, there is no vaccine yet across countries for all people. Until corona is really contained I would remain a bit more cautious than usual. Another thing is that there so many alt coins out there that are transparent and run a by a great team, it's hard to invest in all of them.

Knowing the team will give you as an investor the confidence that you're with the correct team. But if the team is the one who's hiding in the shadows, there is no sense if you're too eager to invest with those projects.

The trust is important.

And if there's no trust found on the team as they are anonymous or if they are not yet majority that's part of the team are not trusted, why you should invest?

Usually, if the team or the developers who runs the campaign keep their identity hidden I most likely stay away from it because if the project are legitimate then they will not doubt to show their identity. The team must shown their identity because it is the right of investors to know who will they entrust their investment. This was also the way to track down the team if in case they did something wrong.

I will not choose projects whose team behind the coin is anonymous, Because usually projects that have an anonymous team
are very likely to be scams. With unknown identity of the team of a project, they are free to do anything, because if anonymous
can not sue them if it turns out they did fraud. So it's better to choose projects whose team identity is clear, and do have a reliable
track record. That way we can avoid choosing projects that are scams.

Only investors who are quick to trust people are the one who might fall to this kind of project since they are mostly looking for the potential profit they can get once they invest. Transparent team is one of the indication of a legit project (though not all), its best that we can research thoroughly their past experiences as a part of the team so we can somehow make judgement if their current project has a future based on their previous performance.

One of the basis if a project is legit or not is to disclose the team members, knowing the team members will give somehow assurance to the investors that they are in the right track of their investment. But some are hiding it to avoid responsibilty in whatsoever will happen to the project. Most of the projects I've known with anonymous team members turned into scam, so beware of it.

Engaging into a project with anonymous team profile is really risky at times like this for you cannot pin point nor chase anyone once the project they have introduced come into failure or discovered or revealed to be a scam one. This is one of the scheme or strategy those individuals are using to lure other people which makes it really risky. But having a real identified profile of the team does not also secure that you are on the safe project for it might be a stolen identity from a reputable individual so thorough research is still a must have before doing any engagement. Building trust from the team developer towards its investors must be properly be taken in place for people are now being wise not to trust any project with team taking cover of their real identity stating they wanted to protect their identities and serve to respect their personal boundaries or their private life. But if you do really want to deal with people and gain their interest, you must do whatever it takes to make them feel secure on stating your identity if you are really having a clear conscience on running a clean and safe project for everyone. I am not saying anonymous team are always creating scam projects but for the record, most fail and scam projects come from those kind of team developers.

Yes, that's right, as a small example we can also see projects that we can see for real, the serious development team always shows everything including their real identities and even always makes discussion events so that they are better known by the public and that will also convince investors to enter into their projects.

Who among the foolish person in this world would copy satoshi through anonymity? It doesn't even make investors think that it is a legitimate project just because Bitcoin is created by another anonymous group or a person.
They just can't face the fact that they'll be hunted down when they run away with the money that's why they prefer to stay anonymous.
When I see that kind of project, I just immediately turn it down and walk away.

I think a project like that will get more investor attention as you said at a time like this. especially for new projects that are just marketing their platform. covering everything and not being transparent would raise a lot of suspicions. unless they have a strong community and market.

Yes, but in general what we have seen is that the new project clearly does not yet have a strong community and market, so the project must make more strategies to shape these two things so that they are not suspected by the public.

The community of the exchange will be easily created when the project can have a high price increase and have a high trading volume, it will make many people curious and will look for a special community to discuss directly with the team so that their group telegram will be crowded automatically.

I also shared in your opinion because nothing to be afraid of when developing a project that's going to serve the community. I think, if there is nothing to hide in a project then why are you hiding profiles of the project teams?. Satoshi case was actually different from what we have heard sometimes now, many projects with none project team profiles scam thousands of millions of dollars from gullible investors, so, without a project profile I don't make investment.

If a coin is completely decentralized and mineable then there is nothing wrong with the team being anonymous and helping the coin in its development but tokens are not decentralized that is why we need to see them to check their legitimacy.

Yes, an anonymous team is a red flag. And very often I have seen a project with an anonymous team turn into a scam after pre-selling its tokens. How can a project develop without a real team to promote it at various conferences? Or will the team members perform there in a Mickey mouse mask?

Normally a project should be like your baby, it should be something you are very proud of, that is how you make your project because you actually believe in it and you support it and you will defend the project against everyone and everything because it is something you created out of nothing. Would you buy something from a place with owners hidden? Would you just put money on the counter and leave with the product without talking to anyone?

I could do that with maybe apples but when it comes to bigger stuff I would ask for many stuff and need people, same goes with crypto projects as well. At the end of the day if there is no project owner known that means they are not really trusting the project and not proud and they will %100 scam everyone who invests into it.

Personally, I would never invest in a new project whose team is anonymous. Existing decentralized coins with an anonymous team like Bitcoin, they have already proven their integrity. But new coins with an anonymous team can carry a huge risk of scam.

I would never invest in a coin which does not show their team members. To have me really convinced i need team members that have linkedin profiles that i can look up.
On the other hand, if you have a anonymous coin that aims to have untraceable transactions, then why would you want your team to be known.
Maybe you are developing a project that is kinda illegal in your country, so in that case it would be understandable.

Some projects claim that team can remain anonymous in a decentralized offering , while that maybe true it is a double edged sword for investor. Personally I prefer to put my money based on the track record of the team running the projects

 

Despite the downside of accountability and fraudulence, i guess sometimes it enables the team to work freely, without any legal problems or unwanted attention. We cant just blame anonymity as a clear indication of fraud, because many times fake teams are used that appear real.

Here is a little example to understand your question. As rules, we know that we don't need to pay transaction fees of bounty distribution cost, but we do. Some investors are very greedy, they don't waste time researching, even don't care if this projects scam. When they need only profits, don't care to hold just sell and take profits.

When ICO team is completely anonymous, then I would be very careful sending them any money because it is so easy to take this money and left the development. The other situation is when the team develops the project and gives it to the community without raising money, then it is better when they stay anonymous. :)

100% a scam. You would like to stay anonymous when you develop something unique that will completely change the world? Or you would like to stay anonymous when you know that you are going to create something fishy? Easy answer, right? :)

The thing is, if you do not know the team that means you do not know if they want to deal with the legality or not or if they want to work freely or not, or maybe they are fraud. We can never know this, which means in crypto world if you do not know someone is fraud or not it is easier to think they are 100% fraud to be safe than sorry. Obviously this doesn't mean that all of them will be like that but why risk 1% proper project with 99% fraud ones?

There is no reason to actually trust them when you can just trust the teams that has a background. About the real looking but fake fraud teams, if you do not know the person, if they are not known in the crypto world, if you haven't met anyone who knows them, they are as good as anon as well. It has to have some known people in it in order to work well.

Any legit team will never try to make their identity became anonymous. We can take some examples like concordium, polkadot and many more. These projects have already created with the strong vision by the team that know about how to do for the next and then they have very skilled in the development of digital product.

The anonymous dev is still having a big question about how competence they are? how much their achievement in the crypto development? so many questions need to be asked.
That makes the anonymous dev always linked to the scam project that wanna try to run away with the money.

It is obvious that in 99% of the cases in which the developers are hiding their identity this is because they know they are going to try to scam their investors from the get go and they do not want to be prosecuted by the authorities in their countries, it is such an obvious red flag that I still wonder how is it possible that people keep investing in those projects when the probability of being scammed is so high?

But for the most part this happens because people are very greedy and they do not want to lose the opportunity of making money now that the market is hot not understanding that they are not going to earn any money and instead they will lose it.

There are plenty of anonymous developer within open source community but they don't try to start an ICO and that's the point. when someone is trying to start finding investor for their project but still remain anonymous they might have ill intention. being anonymous is fine within open source community actually as long as you don't try to get other people's money.

I believe there is no good reason behind this. If I am doing something good, I would be proud to say I did it but what if I am doing something good and do not want people to know that I am the one behind it?
This shows that either they do not want to dent their names should incase the project goes wrong or they want to make money from investors then run away with it.
Since they are anonymous, they cannot be traced.
Please I would advise everyone to only do deals with trusted projects   and not only projects that are listed on popular exchange but a team that is reputable at doing well in such a project.

You are on point mate, that's what an anonymous project do, true it's risky as anyone can get scam if they buy the coin and the devs will stop developing it, but still there are still people who believe on it, I don't want to name the coins but there are certainly a lot out there that was even so hype during the last bull run.

If they are not asking for funds and they have a platform and their token or coin is already in the market, they can be anonymous in the past so many coins are created by anonymous developers, Satoshi is very much an anonymous person, but right now they do not have the luxury to become anonymous because investors are more educated and they want to know if the team are capable and they will not do a hit and tun,

If the team behind the project is anonymous, then it is not transparent,
transparency is all clearly visible, the whitepaper, roadmap, team, and social media must be present and active,
even Github must always be updated. that is what is called transparency.

There are some projects with hidden team members but they don't introduce any ICO or IEO, how will you judge such projects? The moment we start talking about anonymous teams everyone thinks they are in for money, my point still stands that always do your own research, visible teams are scamming investors this days too

Monero is transparent but we don't know the team, till date this project still kick ass, I'm not here to confuse anybody because crypto space is full of experience, instead of zeroing your mind that any project with anonymous teams aren't transparent do your research first, teams showing their faces don't mean they have good intentions

Do you all remember SERO ? This privacy coin has anonymous team too, I even judge the project because of its website design, my past mistakes though, sero protocol was a absolute success, we never know who the teams are till date, this project has over 3 million dollars trading volume every twenty four hours and it's listed on gate.io  and kucoin which are a top exchange too