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You shouldn't blame me from running away from any crypto project that has a nigerian as one of its members, I don't hate this country but it's majority of its people are something else, not all nigeriana are bad though but .......here is a news I came across yesterday,

Nigeria Authorities Put mastermind of Inksnation and Pinkoin blockchain projects on wanted list

https://i.imgur.com/Dp87voP.jpg

The full details can be read on here too

https://news.bitcoin.com/nigerian-authorities-put-mastermind-of-the-inksnation-crypto-scam-on-wanted-list/

Scammers are from every damn countries in this world, I know nigeria is full of scammers too but don't go around trusting projects because their members aren't from Nigeria lol, I'm kinda reluctant on russian blockchain projects too hahaha, it's a pity there is no way to safeguard crypto space because of decentralization.

This is the reason why regulations are becoming stricter, and exchanges are enforcing KYC initiatives. I know that it would help the authorities get the culprits. At least there is some security for members that might save them from possible unwanted loss of capital.

I had a thought that governments should work together on this, since Bitcoin is globally used, so everyone is kind of involved. For sure, some of the criminals are out there fleeing their countries and maybe enjoying their lives in another place. Maybe some kind of collective effort can be done.  :o

Scammers are not only in Nigeria but also around the world. I don't want to blame only a country. There are good people and good hunters as well as good crypto traders too. Only this particular person can be scammer and he can be caught by their authorities.
He has promised monthly life time income by offering investment. But he has cheated with them by Pinkoin offering monthly which isn't listed in any market anywhere. For this kind of cheater, many countries still are lagging behind to legalize crypto.

I read the full news about pinkoin and I was able to understand that the tokens aren't even listed on exchange, I'm suspecting the scammer is asking the investors to invest with Ethereum and get pinkoin and the other token in return, promising them high ROI, investors are definitely to be blame on this one

It's unbelievable how fast people want to make money this days without any proper investigations on new projects first, judging from my own crypto experience right now I can never invest on such project because it's not responsible, greed is highly present here that's why investors fall

it is a global industry, so scammer from Nigeria can scam people all around the world

of course, these projects look like they were going for local people, that are un-educated regarding crypto industry, but want to earn fast, and when you want to earn fast and easy, without any analysis where do you invest, you usually end-up scammed

RIP for him I guess. He took a huge risk right there by having his face and name shown to the public and now the police are in pursuit of him.


Can't really blame you there buddy if you have the trauma of getting scammed by nigerian scammers. It's part of being human to avoid things that will harm us based on our experiences. I can say for myself that I mostly avoid projects that involves indian because I've been scammed for so many times by indians. So it's our experience.

God damn, Nigerians again, it's always Nigerians here and there, why? Scammers and hackers are from other part of the world but too much news about Nigerians scammers since past years now, I believe this scammer target local people that's why he earned only 82,000$ if not it would be more, I hope he get caught and face the right panel

Surprising that their government is actually active in pursuing such crime because other countries are just letting it slip since their police don't know how to react to blockchain related crime. They wouldn't be doing something when they don't understand.  Good to know they are tracking scammers there.

I don't want to discriminate against some countries because every criminal exists in different parts of the world, It's just that the scammer rate is more in some countries. Scammers are taking advantage of the lack of knowledge of their potential victims, The solution to these scenarios is simple. Spread the awareness and gain knowledge about the situation.

It's sad that this scammer is targetting his own countrymen which are Nigerian people by showing that this project is for them.

https://i.imgur.com/LccSfL5.png

In all countries there are really people who are deceitful and deceptive. Often their victims are people who are quick to believe, so we should be more aware of things running around us before believing so that we aren't going to be fooled by these scammers.

Any form of fraud is bad. And it seems to me that a person who has decided to work in the cryptocurrency business should try to find out as much information as possible about the field of activity in which he plans to participate. Only knowledge of Info can protect against problems, where there is already a lot of risk. Of course, many scammers try to rob even the elderly by stealing their last money, but it seems to me that in the cryptocurrency market, users are more educated and smart, and should be more circumspect and attentive.

There is no country that does not have good and bad people. I know so many projects that have scammed people that are not Nigerians nor Africans. You should be proud that Nigeria Government is fighting crypto crimes while their counterparts in West not. Kudos to Nigeria government for this brave act. Let the European and Americans government join in this. It will reduced criminality in Crypto-related frauds.
Say No to Criminality in Crypto.

Scammers are in every business, cryptocurrency scams are easy because people still not clear about this business or the technology that powers it. People have a general assumption that cryptocurrency business can help them make good money. Which is true to a certain extent and scammers use this opportunity to scam innocent people.

Stay away from giveaways and always DYOR before investing in a new project.

Even if the scammer is apprehended by the Nigerian Police force, thing still remains that those who invested in the pinkcoin scam have lost their funds, I'm actually even surprised that the Nigerian Police are actually involved in this case of digital fraud; I just hope that there are less cases of fraud using digital currencies in Nigeria, as the Nigerian government could have no other choice but to impose regulations on Bitcoin and other digital currencies and looking closely at the rising numbers of crypto enthusiast in the 'Giant of Africa', that could be bad news for adoption.

Scammers have no race. It is also our responsibility to protect ourselves and be wary of such projects that are coming out. From the name of those projects, I wouldn't trust them just basing it on that.
For the sake of our safety with such projects, we like anonymity but there's already crypto that's taking care of it and that's bitcoin. While for the newly launched projects, it is very important to know who are the people working on it.

oh shit, scamers are back rampant again. I don't blame nigeria but most of the con artists are from that country. but maybe it's true that not all scamers come from there, but every time you hear the news of fraud, whether coincidence or uncertain is always from that country.

There is actually no nation or race where scammers don't come from, even though places like Nigeria must have been notorious for scams, this doesn't justify that other nations are clean. When I saw that Inksnation scam alert article on Twitter, I was shocked that people can be so gullible and daft to invest in a project with no coin, no blockchain, nothing backing it, telling people that it's proof of charity, backed by human nodes lol. It's funny how greedy newbies got trapped in that shitty scam project. I had to check in their telegram and the pinned message made me laugh for some minutes, it was complete garbage. The likes of TBC lol.

Nigeria as country is doing it okay honestly becasue they are able to get those culprit from the nation to face the wrought of the laws in the country. I don't blame those replies above becasue they aren't sincere with their thoughts becasue scammers aren't specific in a particular country but everywhere in the world. The world is full with scammers and not narrow to a particular country only. Sincerely he should be brought to book and be prosecuted by the appropriate authorities involve in such offense.  

I also agree with you, it's not that I hate African countries,
but there are indeed a lot of scammers, I have followed Webercoin and Golix,
and I bought their ICO, then my $ 800 on Golix was lost because their site was closed,
whether this was my worst experience, and after that I hated with project in africa.

scammers are not only from Nigeria but there are still many from other countries even from developed countries there are con artists,
Fraudsters are always looking for loopholes where he can take advantage of opportunities to always cheat,

Scamming has no race, country, color or country. There are both honest and dishonest people in business.
Even in a team in a company, there could be insincere people there.

So, here is my rules; do your due diligence before investing in any project.

Of course you shouldn't avoid any african project just because one known crypto scammer is from nigeria.
But you also can't blame someone that made a personal negative experience with an african project (it was the DimCoin ICO in my case, which is pretty much completely dead now) that he is in extra wary in the future before he invests in projects that are from the same region.
I like the fact though that nigeria is now officially looking for this dude now. I hope they get him.

True, the name Nigeria doesn't rig a bell anymore since it's been proven many times already that the country is full of con artists and scammers not just in crypto space but also other things like romance scam, I hope they get this guy and he get what he deserves

Cryptocurrency scammer can come from any place and so many of them have been declared wanted by various authorities of different countries before, to ascribed this statement to Nigeria alone is an act of racism. No doubt I have seen so many projects with Nigeria member tend to become scam before but I still don't base that on the county rather then individual difference so bro before you invest into any project do your due diligence.

It's not about the country because every country has a scammer, so instead of avoiding projects with a Nigerian team member, let's just be careful whenever we make investments. It is said in the news that their token is not listed in any exchanges in their country so there's already a doubt, yet people still believed their testimonials when it can be manipulated or faked.

It's now hard to believe with claims like they will give you a monthly salary so this should be a lesson to people there not to easily believe in what they see on the internet, and to always do their research first.

Many people do say that crypto scams are mostly come from African countries, and I think it's kinda true. Many people says, it would be much easier to earn huge amount of money from doing illegal activities such as scam, instead of working as an employee, especially in developing countries because their salary is not enough for them.

Nigerian Police force aren't the one after this scammer, it's the duty of the EFCC as they called it, about the regulation thing you expect that to work out in a country like Nigeria? Lol this is so laughable, the fact is Nigeria is still living in 1994 era, if other countries are hundred steps forward Nigeria is hundred steps back. Not even china can regulate crypto talkless of Nigeria

Saying Nigeria in particular makes it sound offence to me, cus I'm a Nigerian, and not everyone here is as dishonest as this guy, besides scamming has no race,in every country there are honest and dishonest people, same thing goes for business, so stop saying it like it's in one country alone, this guy in the picture made a promise he couldn't fulfill, thats why he has been declared wanted by the EFCC,he created a project that is in form of a "money doubling scheme" , I always knew it was going to end up like this that's why I stayed away.
You're wrong mate, scammers are in every country or continent not just Africa alone, they are always bad fruits in the mist of good ones so don't just say all fruits are bad, cus of the few bad ones.

The fact that the Nigerian government has put Sewanu on the wanted list is good news. It is very important not only to detain him, but also to return the funds stolen by him from investors. After all, it often happens that the scammer is detained, but the money is not returned to the victims.

I agree with you not all nigerian are scammers because I have known some are good and honest. Actually scam are everywhere we cannot deny that, in fact even in our country there are also many scammers. There's no race and no to discrimination this is why we have to be careful not to be a victim of this scam. This is also an awareness to some that scammer are always there ready to grind to take the money.

It will help you to avoid getting scam. Nigerian people will be dragged to this but yes it's not that country alone, there are lots of scammers from

different side of the world, it's you who alone can prevent to those people doing your deeper research will always keeps you away from kind of

investment that only looking for people to scammed out and runaway with someone's investment.

Even KYC cannot stop scammers, with the current lax KYC process anyone can forge their profile to pass the KYC.
I think the best way to combat scammers is that we need stricter regulation in the cryptocurrency market.

In any country there are good people and bad people, scammers can appear anywhere. So don't blame Nigeria or anywhere else.
Investing in the crypto market is very profitable but there are also many risks, if you invest in a scam project make sure they have aroused your greed.

Scammers are everywhere and from all countries. Since it is easy to scam in the cryptocurrency world and easily escape after being scammed, this is why there are so many scammers in this industry.

Whether he is from Nigeria or any other country he has scammed investors from all over the world. I think this is why the exchanges are getting tougher day by day and paying more attention to kyc.

This is right, we should not blame others for wrong doing of one person. Scammers always do exist in any platform, business and others. Crypto is already popular in any country and has many opportunities open to any users, so there are many scammer able to get an instant money. As been saying by others let us always do analyze the situation before we judge other people and before investing a certain project we should search to avoid a victim of scam.

These type of people are serial scammers, they will keep coming up with a new project after closing one.
So i highly appreciate the action against such people and i think they should be put behind the bars so that people will not be scammed anymore.

Nigeria and African countries are mostly scammers in this Crypto market. They do everything to cheat other people's money and run away from their own country. There has never been a successful Nigerian-led project so far, most of them scams or a bad project that could not raise funds.
In the crypto market we have a lot of confidence in the Chinese, the Koreans and the Americans. Most of the above countries have a lot of Blockchain geniuses as well as ways to evolve the crypto market to new heights.
Anyway, I'm not racist, it's just Asians and Europeans who have made a huge contribution to the success of the crypto market right now.

I am not blaming all the Nigerians but most of the scammers are Nigerians when it comes to Crypto or non-crypto related profile and I have heard from some bounty managers that Nigerian based projects don't pay them for their work as they just intend to run away with investor's money and these people are responsible for KYC and restrictions imposed over crypto.

Yeah, it's happening all the time, they always impersonate a handsome man from the UK. However, the point here is a scammer of Inksnation and Pinkoin blockchain projects, that the person responsible is a native of Lagos-State, Nigeria. It has become widely known that many scammers come from this country, even they form international syndicates to break into the bank system, atm or credit card, etc. a reminder to be careful of projects originate from this country, it is better to check carefully before investing in a project that promises large returns without adequate fundamentals.

For unknown reasons, i see this post as a racial attack against a particular nation. I have spent enough years on this forum, joined enough bounty campaigns on this forum to have learnt and be aware that frauds are from every part of the world.

The fact that you neglected the successes of terra credit; to throw such tantrum here fully explains your bias. Right from deex, Hex, to bitagro finance to iagon to several recent defi frauds across the blockchain, but here you are name shaming a country. You should limit this to your whatsapp conversation.


If i may ask you brethren; how is inksnation and pinkcoin a crypto currency token  or project? on what terms, qualities and characteristics do you affirm that they are a crypto currency token.


Ofcourse it is a terrible behavior to be fraudulent and scamming people; but it is also a terrible behavior to categorize a nation as frauds; it is vile and racist.

everyone, be it newbies or professionals must take responsibilities in their investment. do your own research, avoid greed and desperation; and crypto currency will be for you.

NB: I am not taking bias; but it is totally wrong to drag a country because few individuals decided to be fraudulent.

Stanlo, you are from the Philippines and we have huge Scammers there running crypto Ponzi inform of MLM, and you say most Nigerians are Scammers, you are guilty if fallcy of hasty generalization. Scammers cut across several nations not limited to a perticular nation alone. Well most noobs investors don't make researches they are lured by promises of financial freedom.

Very well!

It is not only in Nigeria where there are bad people

All over the world you will find scammers.

It's very sad and that's why I don't invest in blockchain projects ...

What you mean from every damn country?? If you say every country, Yes scammer can come from all country.
And how you know that Nigeria is full of scammers?? I think we talking about scammer here, not talking about specific countries. And scammer is not related to your country but about who you are, whether good guys or bad guys

Crime always happens because the opportunity arises. Criminals can come from any country, it all depends on the individual, so let's not generalize about one particular country that becomes a haunt scammer.
We must also be aware that scammers target people who have little knowledge and experience in the cryptocurrency ecosystem so that they are easily lured with big rewards, even though scammers have unique characteristics that we can avoid in the first place. Unfortunately, the fraud model is getting tidier, we also have to do more analysis, not be greedy.

For some reason, the news about the culprit already convinced me that authorities are already doing their job in protecting their citizens against scammers for both fiat and cryptocurrency.  I don't blame OP if he has lost his trust for Nigerian maybe because he has past experience but of course, scammers are not only from Nigeria they are around the globe like predators waiting for their prey 24 hours a day.

I don't want to blame these people but I think due to our economic crisis everyone can make fraudulent cases like this.  So, must be careful when handling our cryptocurrencies or investing projects.

Scammers are really detrimental to the cryptocurrency world, and I don't agree if anyone says that Nigeria is a country that has many scammers.
Because there are scammers in almost all countries in the world, and we should all try to avoid scammers. So educating yourself and others is very
important to do. So that we are not wrong in choosing projects for investment.

Scammers are not typical into just one nation or country. It is widely spread across the globe and Nigerians are just one of those nationalities that execute such kind of scamming. We are already aware of the possibilities and risks that upon engagement into a project, there could be a possible chance that we will encounter a scam project that is why we must be aware of all the details and information that we must know before deciding to engage into such project. It is very hard to trust at times like this because anyone can be a potential scammer so be mindful of where you put your money with. We must equip ourselves with prior knowledge how to determine a scam or a legit one and do not be easily deceive with great offers because most of the times those serves as the bait of those scammers out there.

No one will blame you for having to think twice before investing in any project. I will not invest if i do not have the conviction about the project irrespective of the country of origin and Nigeria has a long list of scammers and i only hate the bad people who scam people of their money which they saved and not everyone and there are certain third countries which are more prominent in this area and hence the typecasting.

After I read the article that the OP shared, actually the project was suspicious, for example, it promised a lifetime income. It's really too good to be true.

Btw, scammers are everywhere, especially in the crypto world, so we have to be more vigilant.

The more scams that are happening, the more chances that the authorities will regulate crypto.
It isn't only in Nigeria that has scammers but all around the world.

Like I'm always saying, there will be no scammers if there are no investors who are willing to get scammed or I should say ignorant enough to get scammed to these new projects. They want profit?? There is no easy money here. Go invest into old coins and hold it.

There's just no place for this kind of scammers tbh. They are literally everywhere and just trying to stain the name of cryptocurrency with their shitty scam coin.

Yes lifetime income itself already a sign of an obvious scam but can't really blame people because some people aren't that exposed to this kind of scam method so the fault still at the scammers for scamming the money of innocent people.

Regulation will make the crypto market tighter than ever, it can be both positive and negative. I just hope that investors not only want quick profits, but also have to appreciate the process of a project. In certain cases, there are newbies who get scamed because they don't know how to do research on a project.

The way you posted this thread looks like you have once a victim?or being targeted ?because you did not add other people aside from that Mentioned by the authority.

I know how poor The said country because of government abusing power but it is not good that seemingly pointing that Bad words to majority of nigerian people.

Only in the case of crypto there are scammers everywhere at work the number of scammers is increasing due to the increasing demand for crypto, we need to analyze the sites well before the exchange it is up to us to decide which site to exchange. Scammers use a lot of tactics to make these unhealthy gains not just for crypto but in most cases for medical and health care supplies many of which are becoming increasingly rare coronaviruses disrupted supply chains around the world.

Then who to blame? Scammers or Investors?

There is no way scammers will be eliminated completely even how strict the law is.

We are the one who needs to adjust. As much as possible, investors should take their research into the serious mode as always before putting money. Most of them like passive income that's why it's easy to deceive them.

I have monitored about Nigerians activities in this community and yeah plenty are doing the same thing and that is scamming.
But let us not account the mistakes of some for the whole community because still there are many of them that is fair and legal,i think these scammers are the same group even then and just hiding their identities or passing the career to someone closer to them.
hoping that this will succeed and made a domino effect in which all the members will be apprehended and put behind bars to make the Nigerian community reputation be bright again.

That's a bit of a double-edged sword when you think of it. I think nobody wants their money to be under put to watch by the government.
If I want to hold millions worth of an X coin, I would just want it to be known by me otherwise the authorities might try to hunt me down on where did I get that sum amount of money.

Because of these scammers that are using altcoins projects campaign to collect fund from the investors a lot of community also are not easily to believe if ever there is a new projects arise in this field of business, because they want be more careful in choosing a new investment form. And I think the reason why most of the Nigerians scam others its because We all know that Africa was one of the poorest county all over the world, but that's not be the reason to do it.

Many people in my country still find it hard to believe crypto because of scammers like this guy, I know that there is no way to banish scammers from crypto space but people need to understand that the only way they can be safe in crypto world is through learning, it's very easy to know that pinkoin is a scam because it promises high returns.

are you sure with that ? how do you know that most people on your country are afraid to use crypto because of scammers. did they forgot that scammers can exist anywhere on anything before they say that and theres not only one crypto on this market but theres many of them , can they call this all a scam ? theres many reasons left that a person havent involved on crypto .

i almost got with this pinkcoin before because this coin was one of those coins that are being talked alot in this forum but who would thought that they are scam . there are people that can find it hard to detect a scam from not

I do hope he gets caught, people don't know how curses works, once you eat something you don't sweat for you re cursing yourself spiritually, all those you scam will never be happy and some will even curse you, why must you steal from people to make a living? Been bad pays but the end results is worse

Yes, I remember there was a time period here in the forum where if it was a Russian-backed project, people were hesitant to touch the project because they were labeled as scammers. And with Nigerians, the first thing that came to my mind is the email hoax using the Nigerian prince.  ;D But good thing, these days, some previous perceptions are already going away as scammers are everywhere with different nationalities involved. It really doesn't matter now where you come from, as long as you are giving the community the service that you are offering and be transparent about it, they will change their perspectives on you.

This scammer is smart, the project never get to bitcointalk forum because we are too smart for him, he will get red tagged instantly because the project is a complete HYIP made on fake promises, there is no ANN or anything and he target his on local people, I can't believe that some people are still this stupid honestly, all those who invested don't know anything.

Those who lose money to this shit scam projects will find it hard to trust crypto currency but it's their fault as well, learning should come first before any other things in crypto space, it's why people lose money, they are in rush to take advantage but not knowing it's a trap

Agree that we must always be vigilant when starting to invest in a new project. New projects may in some cases be profitable but in my opinion only a few are successful in the market and also listing on exchangers. Many new projects end up being useless tokens in our wallets because the team ran away with the token sale money

unfortunately, sometimes KYC only makes our identity dangerous because it can be used for criminal acts and the data that has been collected can be sold on the black market, so if you rely solely on KYC solutions it's still not good, maybe you can add more deterrent regulations and you must really really thoroughly searched so that cryptocurrency crimes don't happen again.

Thats the right thing to do and it should be the case in all scammers thats why the blockchain project team/developers should undergo the KYC procedure especially if the project has any fundraising campaign like ICO the team should be known to the public unless the project is not doing any fundraising events because those people are already spending their own money, time and effort thats why it less likely becomes an exits scam. If possible dont invest with those unknown team/developers many of them in the Defi space dont fall with those shallow alibis beware of those fake/unknown project developers.

32,000,000 Nigerian Money is equal to $83,945.66. Big enough to target the suspect. Always a reminder that we must be cautious in everything we do to our money whether it is for short or long term investment purpose. Also we must not easily trust anyone who approach us and invite us to invest to their schemes. I hope that person will be caught and put in prison.

Scammers are now becoming more professional, I don't know why people with real identities turn into scammers,
let alone a project that looks very clear, the team also becomes a scammer, I remember Miracle Tele and Titanium,
they become scammers, even though the team looks very strong.

It's better for exchanges to compulsory KYC just because of this type of scammers, it will be harder to apprehend scammers if there is no KYC, to change crypto to Fiat on crypto platform without KYC scammers will run away easily, I do hope this scammer get caught faster and made him face tough panel

Not in nigeria only, all places of the world have scammers on it. If there is opportunity to gain there will always be someone who will cheat their way to get the rewards. We just need to be vigilant and dont trust immediately. If youre in a long run trust is important but giving it to trustworthy people will bring great benefit and otherwise you will get scammed.

The only reason "Nigeria" is known for scamming is the fact that there was a "Nigerian prince" scam for a long time, it is a base deal that you do not have to use the same thing, the scam idea is that there is this huge and important person who has a lot of money but they need your help and if you could help them first then they could help you get a lot bigger. This doesn't require Nigerian or gold or anything else, it just requires you to believe he is an important person and if you believe that once it would be same all around the world.

You could literally have a wall street type of guy in some other nation who would require a big capital, like 50 thousand dollars, in order to post bail and leave the nation to go back to where he lives (USA New York) and they could wire millions of dollars back if they could just do that, same idea, but the roles are reversed. So it is not just Nigerian, it is the whole world.

I mean, a scammer can carry out his activities from any country. Liability cannot be imposed on just one country. I agree with you that we need to be more careful. If we find any kind of scam activity, we should expose it and warn everyone. Because if we can't warn the community members, then such scam websites will keep coming in the market every day and will scam the people with little knowledge.The easiest way to scam people is to use human emotions to scam. So we should give new people the right information to keep them away from such scams.

You know my annoyance is not just with this unscrupulous individuals taking advantage of gullible investors but with the investors who has refuse to find a better way of getting their information, do you know till now it is very easy to scam some people! visit telegram and see who some innocent people are getting scam for a very avoidable reason,

am guessing  Inksnation and Pinkoin are both name of the fake project of this scammer, this type of people are in every country unfortunately but it seem africa has a higher rate of them, people need to be enlightened, in the process of looking for ends meet you can easily fall in the wrong hands if care is not taken.

Some people can invest in anything if they promised good things in return, it's alarming how people believes scammers easily, after looking into pinkoin and Inksnation I don't see how people could trust such project, it projects smells scam completely

It is not about nationality, it is about how they take advantage.

They are using the people who are naive and greedy for easy money, it is not limited to a certain country but all around the world. People should be really careful with easy money projects or these kinds of deals as they usually say, if it is too good to be true, it is not true. Thank you for sharing about this, hope people could learn more about this new scammer and his ways.

Scammers from every country must exist, not only in the country of Nigeria, because they think by exploiting the
weaknesses of someone who is new to crypto with the lure of making easy money in the blockchain world,
someone who is new or who has been in the world of crypto for a long time keep learning continuously to research a project,
because we do not know that a project is good or bad.

Most of the people here will disagree with you regarding you isolating Nigerians as the scammers in the crypto industry because among the thousands out there you will see that scams are spread all through out the world, some scammers' nationalities are not even identified because the scammer itself is not known and is only working in the shadows. You won't hear any kind of information from scammers running HYIP sites and you will barely see information of scammers hacking exchanges, the ones who are identified are mostly in different races. Simply you cannot judge a project because it has a Nigerian part of the team.

In such situations you need to be very careful especially with the new projects involved because we do not know if it is really legit or a scam so it is better to review carefully before joining for experienced investors to join the scam projects it is a lesson for them to be even more careful especially when participating in new projects and about nigerians who have been able to carry a large amount of money really need to be caught so that investors can return the money and teach the lesson this person not all nigerians are scammer but many say that there are many scammer in that country but i believe that there are only a few scammer people in that country.

not only Nigerian also there's a lot of scammers around the world. I think if they give rewards for capturing or giving information where the person is located would be a very big help in my opinion. I was thinking if they should reward in cash or in crypto?

He knows that and he stated that he doesn't hate this country. It is just that he believes that the majority of its people is scammers. But I do agree with you, the scammers is widely came throughout the world. There is no specific country but each and every country has it. OP shouldn't judge them by simply looking at their citizenship, it is better to have their own basis why he should leave the project.

There are few ingredients that breeds more scammers than others in a country. It's not the country that is to be blamed though.
The country that has lower minimum wage, more educated people and less jobs as well as good and stable internet connection makes them have more scammers. Corruption and lawlessness helps them flourish. Nigeria, Indian and Eastern European countries including Russia are without exception high on scammers.

That's a serious point raised by yourself mate, the time has come for cryptocurrency investors to realize the implication of greediness, they just want some double returns of their investment without looking at the real world case uses of the project. Those scammers doesn't care about your safety, but we should do becasue it's our had earned money. Am such that easily understand when they are trying to scam, but even though we report them doesn't stop these noobs investors to make their investment with these scammers. Also, scammers aren't just Nigeria but global issue, so, OP should have do more better in his write-up.     

Stop defending this country, it's always Nigerians, there are too many scammers from that country, they sometimes use stolen I.D to deceive investors, Nigerians are behind the kingcasino scam project too, they use fake teams to full many, I hope this guy get caught and get sentenced to prison

Lured by the lure of quick and big profits. The crypto world is very vulnerable to fraud because it has a strong appeal and we also know that there are always attempts by scammers to act in different ways and patterns, this can happen not only in countries like Nigeria.

This is where the importance of more detailed data and information so that the opportunity for a scammer to be irresponsible to take a gap in this industry is reduced.

Scamers do not see the country or the differences between blacks / whites and of course they are everywhere, we don't even know if scamers are around us. So, this case can be used as an example, especially to always reconsider every decision you want to make, especially if you plan to invest in cryptocurrencies, because the risk is always there, friend.

It's actually empowering to see that people are getting held accountable at some places because of the scams that they are doing within a digital world. That means that Cryptocurrencies really made an impact on Nigeria since they want to keep their community clean by hunting down criminals. It would be unfair to say to not trust any people from Nigeria or even different countries but we must stay vigilant and aware that scammers are everywhere so we should just keep our money safe.

Hope you're also aware there are good ones among us, there are millions of us with good heart, we can't kill a fly, but equally are those with the bad hearted individual who are gluemed to scam indeed. Not justifying the action of the pinkin coin which was run by the said man on the photograph, he thoughts that the crypto industry is a child-play, he actually made some bad decisions about the project. There shouldn't be any investment that should promise it investors some bogus returns like in this case. The CEO ask those investors to invest #1,000 to make a return of #3,000 which is unrealistic in my honest view. The returns aren't good and this made him a victim on this scheme executed by himself. I hope his were about be find by the Nigeria Police and he be made to return investors funds and face the law squarely.

Color and race do not really defy if they are scammers, because every people really has the decision to be good or bad, sometimes it is based on their needs but it doesn't really good to take advantage of those people who are really trying to make their life good. If you really want to be a good investor, you should study and be aware that bad things may happen along the way but if you have the knowledge, it makes the risk lower and can make your goal possible. Knowledge and understanding are important to success.

I realize Nigeria is loaded with con artists as well however don't circumvent confiding in ventures in light of the fact that their individuals aren't from Nigeria lol, I'm kind of hesitant on Russian blockchain ventures. I simply trust that there are less instances of extortion utilizing advanced monetary forms in Nigeria, as the Nigerian government could have no other decision except for to force guidelines on Bitcoin and other computerized monetary forms.

Because people like easy money they will continue to get scammed, whether with cryptocurrency or not. I read about this Inksnation thing early this year and knew at once that it was a ponzi. Any business that promise to trade for you or pay you a certain percentage daily or monthly should not be trusted. They are only after your money. Internet scams is everywhere and not limited to certain countries. There are thieves in every country, even in Finland which is believed to be the most trusted country in the world.

Looks like you are just overgeneralizing that all Nigerians are scammers. Just because a lot of Nigerians are involved in scamming doesn't mean you will be running away from each and every projects initiated by Nigerians. All you will be doing is just discourage those legit people who comes up with good ideas. Scammers are everywhere. Not just in Nigeria. If majority of people "were bad", their country would have been completely destroyed by now.
Don't turn away from crypto currencies just because of few scammers. Instead, take steps to protect your self from them.

I hope the state apparatus can arrest him as soon as possible.  In this part of the world the crypto industry is growing rapidly but there are still investors who are victims of fraud due to a lack of knowledge in researching any crypto project.  Developers with various sweet words and nonsense have always been the main weapon to attract investors.  I hope to always be careful investing in new projects because it will be difficult to determine the conditions for project development because new projects are always the prima donna for developers to make money by deception.

Law should be strict against such scammers and they should be punished as much as possible because these scammers destroy the dreams of hundreds or thousands of people that invest their life savings in hope of better days ahead but all they get is scam and regrets.

certain percentage is small so its not linked to scam but if you say they promise this high percentage for this date , that can be suspicious anymore .

also not all business that offer trades for you are scam because theres actually a kind of business or a service like that  but a strict background check is a must on that kind of service because that is one of the most used tactics by scammers  .

though you apoligize but this still sounds not right on me , im not from this country and i heard that there are scammers from this country but i never say those things to them because this country wasnt alone but scammers are from all around the world

Aside from the law being more strict than it was before, new investors should not think of making an easy money with their investment. This is the reason why there are still some victims, they think that investing is all about sending the money and receiving an interest after a short period of time. We should know that there will be no scammers if there will be no victims that will let it happen.

Nigeria is on the top 10 most corrupted countries in the world, what do you expect? We can't forget what happened last year in america, many where arrested for massive fraud cases and they aren't stopping, the economy of that country is very very bad I heard so I don't expect anything else from such country

I am not against Nigeria this is a beautiful country with beautiful people but Nigerian scammers have took down the reputation of their nation by doing this kind of scam attempts which is absolutely pathetic now people would hardly like to invest in a genuine project which comes from Nigeria anyways good to see that the government and police of Nigeria is taking action against scammers hopefully it will bring positive results for their nation.

In cryptocurrency there is tendency of having more scammers, the authority in different nations can help to curb this menace by going after the scammers. Nigeria is not the only country with scammers,they are present everywhere. Greed and lack of knowledge can actually expose people to scammers in crypto.

That list that you are talking does not make sense,

It happens in every country around the world, we just don't know their numbers but it is just the same even in our country. It is not about the numbers of how many scammers in that certain citizen, we should not treat every Nigerian as scammers since not all of them are the same.

There have been several experiences of being scamed by Nigerians, I don't blame the country or the people there
the name of the scammer of each country must be a lot too
indeed the basis of their bitter experiences is always the culprit
that's what makes the image of the Nigerian people bad in the crypto project

I think we shouldn't accuse a single country because there are lots of scammers in each country. Cryptocurrency is actually an opportunity for most scammers so they will always exist and take the chance to fool people and gain money. It's just a bad thing that these scammers are ruining the name of crypto as well as their country's name.

Yes every country have a scammer every part of the world have it.
It is easier for them now since we could easily connect to everyone through the internet,
So we should be careful on who we would trust and on where we would invest.
But we couldn't say that the project is a scam because they have a Nigerian on their team who knows maybe he/she is good on that choosen field.

Sometimes it is the desperation that push this people to do something like this ,Look how hard living in That country as one of the poorest community in the world,Why?because of government corruption so people are doing their best to cope with living.

I don't say it is good to do scams and hacks but having nothing to live?bad activities will keep you alive.

If the government are only giving Help for their people i think things like this will be lessen,as people wanted to live fair and free from bad elements.

You are right it does not matter if the project is base from is from in a 1st or 3rd world countries it every project is suspected to be scams as long as there are some malicious activities and irregularities in their management expect it to be something fishy. African and India countries are more ofte involve in such activities that is why I am staying aways from projects that come from those countries.

If you meant referral bonuses, I know that is ok and achievable for businesses. But I still maintain my stand that any business promising to trade for you and pay a certain daily return often end in scams. These are ponzis. If you have thriving business that has been paying returns please share the name or link here.

I also think so this project was only for Nigerian people who live in village and don't know to much about crypto. This cheater has cheated with so many deprived people who are living under poverty in Nigeria. In crypto, anyone can scam if he is brilliant and knows basic of crypto but this isn't ethics. Morality is vital part of a man's life, only money isn't scale of happiness.

Scammers are from different countries regardless of their races. Scamming comes from greediness because they wanted to be rich instantly. We could avoid scammers if we are well educated about what we are entering. We must consider scammers whenever we are doing such business or investments because we cannot deny them. Be prepared and be a keen observer.

You should be glad that Nigeria Government is battling crypto wrongdoings while their partners in West not. Praise to Nigeria government for this daring demonstration. Let the European and Americans government participate in this. Individuals have an overall supposition that digital currency business can help them take in substantial income.

This is a racist, stupid post.

This is bound to happen in the concern counif the government policies does ensure everyone's economic situation can at least be at the barest minimum, the like of him will keep springing up and people who are financially helpless will keep embracing such in hope of getting either a miracle or a luck.