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2018 WAS A TERRIBLE YEAR BOTH FOR HUNTERS AND INVESTORS TOO MANY SCAMS AND FRAUDULENT TACTICS USED BY CHILDREN CLAIMING TO HAVE SOME IDEA WHICH THEY NEED A FUND RAISER FOR...

As a bounty hunter.. the worse thing that can ever happen to you in the crypto space.. is promoting a scam ico unknowing to you it's a fraudulent company

I AM CREATING THIS THREAD TO HELP SPREED THE AWARENESS OF FRAUDULENT PROJECTS WASTING OUR PRECIOUS TIME AND STEALING THE HARD EARNED MONEY OF INVESTORS..


PLS KINDLY PUT DOWN THE NAME OF ANY COMPANY YOU THINK ITS SCAM AND NOT WORTH INVESTING ON AND GIVE REASON WHY IT SHOULDN'T BE TRUSTED
..

THIS WILL HELP BRING BACK THE TRUST WE ONCE HAD IN THE CRYPTO SPACE AND MAY ALSO GIVE LEGIT ICOS  THE CHANCE TO RAISE ENOUGH MONEY AND KICK START THEIR PRODUCT

I'll be posting a list of scam ico's I ran into last year still trying to take our money from us in return of their shit token in the next 1hour

As for me there is no legit ICO at the moment. If I'd plan an ICO I'd better change my mind after the SEC statement about their standpoint on ICOs which were and will be made without their approval. So just forget and avoid them.

To be honest not many projects that are raising funds at the moment are trustworthy, just see how many legit and real projects were there in last one year and we all know that most of the projects are on hold, dead or not showing up for unknown reasons, only a handful projects have produced a working product or are under development with timely updates and transparency so i would say that we should be very careful now both before promoting a new project and investing.

It's not actually a bad idea to put up stuff like this against scam ICO,  but I also know some guys will abuse this thread by dropping even genuine projects. 2018 was the worst year with regards fake ICOs, making crypto enthusiasts extremely skeptical about investing in them. However, there are still cool ICOs but please before you make any investment, do proper research since investment like this involve risk taking.

Bounty hunters have got a lot of responsibility in detecting scam project. There are investors who have interest in investing in ICO, but do not know how to go about carrying out research to know if it is scam or not.
We promote projects for investors to see, so we should try to give them safe project that will not cause them their hard earned money.

For projects that are just still running as of these moment. Detecting them as fraud would really be hard until we do find out if they finish up their ICO.I know what you feel but theres no significant move can be done
to stop these scamming. You can check out these threads to be aware on projects that are scams.

https://bitcointalk.org/index.php?topic=4701035.0
https://bitcointalk.org/index.php?topic=4981560.0

If fighting against ico scam is not not properly planned I don't see it leaving the crypto only for more scam to pump in. I think there should be an organization even if not from the government but voluntary organization who will verify any ico before being promote if not we are still not save.

Them biggest scammers of the year 2019

____4new .... http://4new.io ... this guys are so greedy it seems they didn't scam off enough money from investors by claiming to have a mining plant which does not exist... they decided to destroy a legit project named Airwire... Airwire.io by dumping off their token on exchange after a successful partnership... Airwire noticed what was going on and decided to call off the partnership


____swissalpmining ... http://swissalpmining.com

Alot of users may know of this one... https://shitcoinoffering.com/dead-snow-the-swiss-alps-mining-scam-ico/
 Read above article for more clarification

____Giracoin ...

Same swiss scammer  from swissalp mining...


____Tipbot .... http://tipbot.io ... Same user who scammed off users from a project named dividend in the year 2017 to 2018.. you can search out the word dividend from the search bar an see what comes out


More scam projects incoming

Great list you can add Konios after distributing their coins to bounty hunters, they are not updating anymore, their channel has no update and we never hear from the team anymore, the ICO failed but they are now listed in LATOKEN.

1 Ethereum Nowa
2 ETVC

The reason : https://bitcointalk.org/index.php?topic=5095475.msg49154861&fbclid=IwAR1m50o-xfM1zKn35bWdI1tGGpicgrZgDq58GJKE_5pX7A2YcXk9yRb-yFY#msg49154861

A lot of strange icos can be considered as scam icos but that needs more identifying to get the proof. Basically put your concern on the telegram group and repository activity.

It is difficult to define when an ICO is a scam. For example Desico project seemed to me a legit project but  when
the  bounty ended they decided not to pay the hunters only thanked them that they were promoting the project
 for months. So, from the perspective of the hunters DESICO is a  SCAM.

We already have a section for the scam but for better awareness I'd like to see one here, not many members are reading the scam sections so they are not aware that the ICO they are promoting is already tagged as a scam site, I see the list going to hundreds in a matter of days.

Thank you for informing us about fraudsters. But we bounty hunters alone do not resist scammers. You need to stick together and maybe then there will be fewer scams.

Bounty hunters will not promote a scam because they will not get paid from it. It is better to spread awareness on how to identify and avoid these scams so they won't be promoted by anyone

Its not just the fraud/scam ICO that you need to warn each of us but all of the hunters must have the guts to ask for the escrow. This should have been a mandatory or else you don't promote them. The DESICO scam will keep on happening if we don't ask for escrow. ALL the participants think they are very legit of course they but in the end you can't just force them to pay but if the funds are escrowed you'd feel safer.

There are already similar topics on the forum where scam cases are sorted out, perhaps it would be much better for you to post your posts there, you will get timely feedback and your topic will not be lost.

Honestly this is the cause of the decline in the trust of everyone towards crypto and I am sad we cannot stop it. But we can still prevent and warn everyone to minimize victims who will be deceived by ico scam. Therefore I suggest always to actively discuss and also frequently visit these two boards Scam Accusations (https://bitcointalk.org/index.php?board=83.0) and Reputation (https://bitcointalk.org/index.php?board=129.0)

People.. I advice I stay off this coin I just lost $600 on the shit https://coinmarketcap.com/currencies/paragon/#markets
Due to price manipulation by the developers on yobit..

Also there's a popular trend on telegram whereby you'll be added to multiple telegram community via bots without your permission.. delete those groups theyre mainly scam project with nothing to show

This is somewhat felt convincing to put a list of dozens ICO scam here. I wonder if you shall move to scam accusation board.  :-\

This two has sections has become my favorites I am an investor and a bounty hunters, I need to check from time to time if the ICO I'm promoting has turned to scam project, every bounty hunters and investors should check these two sections.

we really have to fight the ICO scam project players, besides harming the investors they are also just wasting time and work on bounty hunters for a long time and testing the patience of the bounty hunters. Therefore, in order for this situation to not continue, we must unite to fight the perpetrators.

Ingot Coin is the first ICO that came to my mind. They announced that they were able to reach the soft cap and then announced at a later date that they never did. It was all for PR to attract investors. I believe they ran a more than 20 week bounty campaign.

it must be because with the existence of ICO fraud it makes a lot of people become a big loss or lose a lot of money, so if possible in the opponent, just the opponent because it is very good for us all later

There were a lot of similar projects that also tried to change something, there were created topics, which, of course, no one looked at the end, because most people simply forget about it. So now this is just another topic.

Yes ingotcoin was a disaster for me as well... what a rip off

Good thread. I am yet to encounter a real scam. There were a lot of ICOs that started out with good intentions but failed along the process due to changes in regulations and failure to close some strategic partnerships.

If you really want to fight against scam ICOs than you will need to be vigilant by deloping your skills about the cryptocurrency market. Before investing in project or supporting any project as hunter than you must check each and every thing about project in brief like team, social media, roadmap, partnership etc. Last time I saw several projects which had 25000+ members in telegram community and there were only 10 to 20 peoples active in the group which raised huge questions to me, how only 10 to 20 peoples are active this group have 25000 members in telegram community??? Later I found those project may have used both account to show the strength of people on their social media community. Same thing was observed with twitter account of the project.

we are now in terms with beginning preparation as managing tasks of inauguration as following with chance on working with future projects on online social dating service for the deliverance for pupils of indonesia.
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I suspect two projects, Ethereum Limited and Ethereum Classic Vision. There has been a case of disappearance of the Ethereum limited team which is currently been discussed in their telegram group. Even the bounty tokens have not been distributed to the best of my knowledge. The Ethereum classic vision is currently also been rumoured as a scam project.

Look, you are currently promoting some ICO and you are fighting against ICOs? This doesn't make any sense!

I think that there are also many good projects. Usually if projects raised soft cap, tteam continues working on their product. It's better to invest in projects which are already have money for their development.

It is very difficult to identify a fraudulent ICO until it is over. In 2018 I was cheated by ICO https://www.glitzkoin.com/, after the end of the bonus program they hid spreadsheets and stole money from bounty hunters. The glitzkoin development team are scammers, stay away from the project https://www.glitzkoin.com/.

It is high time to make a platform that will automatically check and notify investors and bounty hunters about the next project scam, this will make life easier for many and save a lot of money.

for the future, maybe we will need a system rule that allows it to reduce the many ICO Scams, this will certainly be very useful. For example the results of ICO sales that are not directly to the wallet belong to the developer so that this will reduce the possibility of a scam because their money is held by the agency in full responsibility.

Honestly, these projects really dealt a blow to investors. My fiat is just tied up in those. I just hope a magic or something happens and they give a turn around.

Neluns project on mind now, they claimed to have raised 112 million dollars but it happened to be scam. I checked their smart contracts and what I see is less than 10000 USD. This is a project that is highly rated by ICO Bench and many other ratings site. Neluns is now requesting ETH from hunters before token will be sent to them.

Putting an end to scams in our world is similar to stopping the sun from shining. In everything we do on a daily basis, there are always people looking to rip us off and I say this because I'm in a part of the world where corruption is prevalent.

Limiting scam ICOs requires each and every one of us to be vigilant by making conscious decisions to further understand the crypto market. I do a lot of ICO investing and promotion and I don't take the part of doing my research lightly. The moment I sense a red flag, I pull out. Don't let the population on telegram or number of Twitter followers fool you.

I guess you will have lots of work to put down such a list  ;D Scams are very frequent in this industry and combining it with recent SEC statements - ICOs will have a tough 2019.

I think it's hard to find the fake or scam ico I experienced  how many times that after the project even the campaign  manager telling that he didn't know what happen so it means we don't know how to find scam ICO. Right now their are so many ICO that is not legit or a scam. I think the possible solution was we need to know who is the campaign manager that no case of that project was scam and a respectable manager for us to know that is legit or not.

Ethereum Classic Vision and the Ethereum Nowa. Both of them has an accusation against the hard fork.

The topic here is fighting against ico scam.. not fighting against ico's...

Seyblock.com

Officially declared scam

While they're out there... fooling investors that they will be listing on etherbase... etherbase confirm they've bn no agreement btw the two parties.. therefore there will be no listing of seyblock

https://i.imgur.com/jK6LIJy.jpg

It is useful to read the forum at your leisure, you can find a lot of useful information. For example, I did not know about the existence of such sites. I am very sorry for those bounty hunters who have devoted their time and energy to these scammers who go unpunished.

No, the normal regulation of the activities of the ICO is possible only by government agencies that will act on the basis of the relevant regulatory act. Any public self-regulatory bodies of the effect in the fight against fraudulent projects ICO will not give positive results. Check the ICO team for fraud is possible only with the powers of law enforcement. In the activities of ICO, clear rules of the game, the establishment of rights and obligations of the parties are needed. Without this, investors and bounty hunters will not feel protected; the permissiveness of ICO teams must be strictly limited to regulations.

I also suggest that you also visit this board more frequently,  Scam Accusations (https://bitcointalk.org/index.php?board=83.0) and post why you think a project is a scam and put behind the proof. There are a lot of members here like ICOEthics (https://bitcointalk.org/index.php?action=profile;u=2204241), so I advise you on how he identify them early and gave warning to the community. Best of luck.

I would have banned the creation of new projects at all this year in order to prevent further even greater recession and the continuation of the actions of bears. After all, this whole situation has developed because of glut, and we continue to beat on the same point.

Fraud has happened very often and this has caused many people to suffer losses. I agree that we must oppose this fraud, but as long as there are no definite rules regarding the new ICO, it will certainly be very difficult to eliminate. There must be rules about standard ICO so that everyone will be more comfortable.

At the moment, there are very few projects that are worthy of general attention, but they still collect the necessary sums!

No one can change the ICO scam, only investors can achieve it. When ICO has become the cemetery of all investors, a large number of investors will stay away from ICO. Now that this has happened, the ICO needs to be regulated in the future to develop better.

I think we need a report thread/discussion on bitcointalk forum to tackle all this fraudulent acts ,we bounty hunters are the promoters ,if we don't promote for them they will find there ways ,we should all stand together and fight this scammers for good

Lol another scam just appear. Im so tired to see idiots developers which tried to spread fake news to attract the demand. It's only traded in the crap exchange of stellar. Anycoin can't be trusted without doin a lot of research about that. This becomes our responsibility.

Thank you for this initiative.

Of course, we can spread information about scammers to a large audience, but we will not return our investments. In such cases, the scammers disappear instantly and their further fate is not known, as well as ours investments.

Everyone is fed up with fraudulent schemes and deception. In terms of investment, ICO is an area of ​​increased risk. If ICO does not reach a new, more professional level, then the entire cryptoindustry will fail and suffer enormous losses.

I am very willing to participate in the fight against fraud, but this does not seem to have any effect. I very much hope that someone can create a community and find more people to join us.

for now like that it is very difficult, choosing ICO at an uncertain time is like gambling, because sometimes projects that we take for granted, it could be a success and vice versa. Whitepaper, the Team can no longer guarantee that the project will be successful. However, for now, we can only trust on that already proven that projects are worthy.

I must agree that the year 2018 was a whole lot of hell and hectic at the same time with a bearish market and in addition scammers with fake ICO  i think we should give ICOs a break the rate of scam and scammers is alarming thanks

Strongly agree with your idea, we must fight scam projects. In my country just a case of a scam project, and now investors are chasing those project people. Hopefully there will be no more scam projects, for the bounty participants, they have worked seriously, and the results have been zero. What is very sad is to waste valuable time.

what should we do with the SCO ICO? by not investing in the project?
there should be a continuation of the law to those who commit this fraud. isn't this a very clear fraud and theft?

Creating a thread like this to keep posting just any project that one feel is scam might not be too good, because some people might abuse it.
Take for instance, someone who is not satisfied with a project, out of so many participants. He might come to spread a fake news about a genuine project.
I think it is best to use the scam session of the forum to report such project individually with reasons.

I understand how difficult it is to find ICO that has a future in many other ICO projects. in general we aim to develop projects to get prizes for tokens or we can develop our own products. Unfortunately in 2018 there are many ICO scams that are very worrying for investors. we need people who have serious ideas and projects in the future.

When people say it is a scam, it is not just a hunch. It is just really a scam ICO and therefore, there is a proof already they are a scam ICO. People will not randomly report any ICO without providing some proof therefore, their claim wouldn't be valid after all. Mostly bounty hunters will report on such scam ICO after finding out that they really wouldn't pay for the participants after all.

This thread will be helpful for all of us bounty hunters and investors. This market really does have a lot of scam projects and i think it's one of the reasons why crypto has a bad image for some people.

I support this thread since i am once a victim also of ico scamming but i cant put the name since they are totally vnished so theres no sense of being bitter mentioning their name

I will bookmark this so i have references for future investing and bounty hunting,lets bump this guys for many users may share their experiences on how this scammers move

Unfortunately, many ignore elementary ways of identifying fraud, preferring to be on the list of deceived. I still want to believe that in the near future a control body will be created to combat fraud, using funds from a percentage of bounty companies for example

We can prevent and we can fight those ICOS that are scam, first before we invest or work on icos we make sure we  check the website or ico very well. check the team background and members, as a participant here in cryptocurrency i don't want to be scammed or fool by scammers so i will make sure to review well the project before i joined.

I don't think that's going to work out. To this topic was high quality, you will need to recheck the projects that will be written by people.

If Airwire could fall victim of such scam project through the partnership, it then shows how difficult it is to detect scam projects.  $new successfully listed their kwatt token. At first, i wanted to invest in their ICO. I did nit do that not because i suspected they were scammers, but my instinct was not just going with them It is such a pity that Airwire became a victim.

So far, there has not been a single legal ICO, I think that we all rely only on some experience when choosing an ICO to participate in its bounty company.

This is not easy though, because scammers are being very smart nowadays! They copied website web design from the successful project UI and then they make an infographic ICO timeline to make people believe about their fundraising! So, better is avoid ICOs and I already start promoting only STO and ICO project who have real products or news in big media. Everyone needs to research hard to avoid scam ICO projects.

The point here is to identify that scam ICOs but wise scammers always develop their skills and they come back with different skills. Investor confidence level is down more than what we imagine imho, so only after mass adoption we can hope about bright future.

We must aware always for this kind of ico scam to avoid lossing money and work from it. Let's us know one by one  for those project that have an future for our in industry.

If you choose from new projects, it is difficult to understand which of them will survive in the future. Now is a very difficult time on the market

This is a great concept which will benefit both investors and bounty hunters. I congratulate you for such a vision. A regular visit to this thread will help anybody to avoid working for nothing and investing a scam project that will bring a lot of pain and sorrow.

In fact, most fraudsters are easily brought out of the shadows, which does not require any knowledge. There is a branch where suspicions are published, and I see that, as a rule, fraudsters fake photos and profiles. Therefore, each investor must first of all independently evaluate the project by analyzing the data.

The only tool we have for now as investors, is our personal ability to be able to recognise scam project, until there is a regulatory body that will help to protect against them. Those who got exposed to projects of this sort in 2018, now have enhanced or improved knowledge on how to recognise some of these projects. Although, it is quite unfortunate that these type of projects are many, even much more than the genuine ones. Notwithstanding, we can still recognise them.

Just choose an ICO from a country that has already applied regulatory requirements. Each country has own regulatory body that has impose regulations and requirements regarding ICO and other crowdfunding campaign like my country all ICO and other crowdfunding event has already legal if they acomplished the full requirements needed.

I think that it is best to stop investing in ICO projects for a while, and wait until a less working platform appears capable of regulating this process. Scam too much.

Hello,

Really not a bad idea ! with the bull run too many projects, too many ICO, too many "easy money" birth project without nothing after.

With the bear market we have less ICO and lead to some purification of the market which is not bad.

One serious verification structure could be good and could really limited risks.

The rate of fraudulent or scam ICOs in the crypto space continues to increase rapidly thereby making it hard to find good project. I believe the beat way to curb or stop ICOs scam is to allow in some form of regulations. If regulations are allowed into the cryptocurrency Space, ICOs will rarely be fraudulent and it will help the whole market by bringing in new investors into the cryptocurrency market since they will feel protected by the law.

Yes, that is what we hope for so far, namely by making a regulation to protect Investors' funds that will invest in the ICO, so that if new regulations are implemented to eradicate fraud it will make Investors feel more secure.

You are absolutely right, The most of ICO projects are created for a scam purpose especially this period, It's really so bad to hear that, we can find only few trusted ICO projects that we can invest in, Anyway, we should be careful and maybe stop investing in ICO project in these days or do some deep research for every ICO project before any investment.

Information on scams appears in the "Scam accussation" section here: https://bitcointalk.org/index.php?board=83.0
I do not mind that such information would appear here as well. This type of behavior should be punished.

ICO projects are indeed very minimal in supervision and when the ICO project is found, it is fraud and there are still many participants who promote it. They knew the project was fraudulent when they felt the project was finished. And I agree that we must oppose the fraud project because it has made many people lose money. There are several ICO ranking sites that provide information about several fraudulent projects and you can see them.

Most bounty hunters are involved in high-volume rewards, and few can judge the authenticity of the ICO project.

Now many ICOs fail to raise funds, not because of fraudsters, but most likely because of the futility of these products, although fraudsters are not small either!

Many cryptocurrency projects, by their nature, are extremely ambitious, they are trying to create a new future for which the world is not yet ready, therefore their ideas are not implemented properly.

Gemera ICO is one of them, i've been doing the bounties for like 5 months and got nothing at the end.
There are still many of them due to 2018 is a bad year for crypto. So be careful.
Hope this year good ICO will appear and make cryptocurrency great again

It's a nice idea since many are becoming fed up of many negative vices going on in the the digital space which is really putting most great investors off. Lets come together to fight these projects by making people aware within the shortest means.

Well for a couple months i dont active doing bounty campaign. Im done with scam projects last year so i decide to take a break and wait for market recover again. As bounty hunter i struggle a lot with scam project. If i got scam project i share it here.

I think that this year will bring us too many surprises and the scammers will think about new ways of cheating!

So many of them have created non sense idea. As far as i know some of them have been telling us about the non sense idea which the blockchain has no potential to do that, blockchain is not yet even implemented on the economic system. that's the point.

Agree. There are a lot of ICO projects where the blockchain technology has 0 usability. Just marketing to collect money from hamsters.

We should tell other people if we saw a scam ICO. We have a big role in the cryptocurrency community and it is to give awareness to the scam projects. We can help others to not patronize scam ICOs if we will spread our information.

Investing in ICO is currently quite risky if someone wants to quickly make a profit. Because the market is in sideway stage, there is no big change. But follow Binance Launchpad, they accept only a few ICOs and most of them are profitable after finishing ICO

I know only ICOs that have a problem with paying bounty hunters. I do not know if it could be considered as a scam.
But Republia seems to be scam because there is connection to MinexCoin.

Yes,  we cannot deny the face that a lot of bounties was scam and fraudalent but you should be responsible if you joined that. At the first place,  if a bounty is risky and seems fishy,  why would join it anyway?  But I support you on what you want to do.

Its too hard to accused one project without any single evidence or proof that will will do scam or run away your invested money. but before joining them on ICO be sure to read and learned first there whitepaper is it original or copied from other icos (extensive research). the dev team information should be transparent. and lastly too think more than once if its really good to invest and ask some advise from crypto experts. INvest only what can you afford to loose..

I think the experience of the year 2018 has affected most of our zeal to take part or promote new ICO because the year 2018 saw a lot of ICO becoming failed or scam ICO and that has made it very hard to see new projects with positive MIMD set. Most ICO take people money and run away without having any working projects that support they product leaving you with only shite coins.

Now there are a lot of fraudulent projects, and most likely it is easier to publish projects that you can trust!

Yeah, it was terrible because there are many investors lost their money, i remember about Titanium ICO.
It was a big scam that has raised over 30 million dollars i think.
Even there are some legit ICO for now, the investors still very caution to choosing the projects, causing many ICOs failed to raise enough funds.
Spreading awareness to reduce scam is a good move.

You have a good idea, but I think if somebody has detected a scam project it is much better to open up a new thread, because there are too many scam projects at the moment and we won't be able to cover everything under one thread.

I lost faith in ico projects

2018 is the most terrible thing happened in this industry. I felt the last year was the season of ico scam, there are many project who didn't give payment to their bounty participants also for their investors as well. But in fairness now, this 2019 I think is much better than last year though it still bear market and lot are also a bullish.

On the thread https://bitcointalk.org/index.php?topic=4701035.0 very active updating about ICO scam but ICO scam will continue to be made and still hanging around if there is the highest organization that validates the feasibility of an ICO and tests team expertise maybe ICO scam will decrease

Its not that easy to do. Just reading the whitepaper won't help you judge if that ICO will pay you or not. Failed ICOs mainly does not pay their bounty hunters cause why would they pay them since they already failed. And their terms are always changeable. If you read them properly, most of the terms of agreement says that they can change it if needed without any prior notice. So there is nothing much you can do if they add something new to the terms after you join the ICO.

The usual problem of bounty hunters. Campaigns have that statement that they can always change the rules at any given time. If only users will not participate in their bounty programs to show that it's not really fair how they treat them. Very difficult to identify if the project is scam at early stages. Normally, you will know it once they disappeared along with the funds.

Well, not paying a reward is a Scam, too. If the project does not pay awards for bounty it already makes sense to refer it to the scammers.  I'm sure that without paying the reward to the hunters, the team is considered to be scammers.

As some of them can pretend to be a good one while still in a early stage then after collecting enough funds to runaway that's the only
time they can be identified as scammers, there's a lots of things that makes it hard to point out which is which and how they can manage
runaway with investors funds.

MOYA TOKEN: their project is to provide cable wires under the sea for AFRICA internet connection
DRONE TOKEN: this is not actually 100 percent scam but a failed project, after sending tokens to participants they are gone.
IDA: this one is created and run by CHINESE team, the project is good and running with exchange but never paid any participants of bounty!

I am one of those who think that this precaution should be taken as someone who has been affected in an incredibly negative way. I will do my best to do that.

I believe there is no point to fight against scam ICO.
The only workable solution at the moment is STO, that will provide more security for investors.
For myself, do not invest in ICO since middle 2017 and happy about that.

So many of them are scam. I observed that the new kind of scam is the type Urunit and Fxpay did. They collect huge amounts of money at ICO, list at a shitty exchange and then run away

Too many scam projects in crypto space, time won't permit me to start listing the much I know. Let's just be guided, proper due diligence will go a long way before buying in. Never buy in because of hype maybe due to paid reviews.

one of the problems many bounty hunter follow join and promote ico based by ico rating site. in many ico rating in my opinion. some even plunged the community. the ico rating they review seems the rating can be bought or ordered without actually being reviewed according to the facts. this is one of the problems that makes the ico scam can be fertile. Ico rating should provide information that is independent and trustworthy by investor or the bounty hunter.

The fight of scam projects in blockchain industry should be intensified.  For over a year, this scam has become a huge problem  to the industry and more reasons why I have supported the government regulations to stop this criminals from killing the the industry.

Public voluntary bodies will not be able to effectively resist to fraud in cryptocurrency. Fraudsters such bodies will simply ignore. The most effective way to get rid of fraud in ICO projects is government regulation of ICO activities. Although fraud is a crime and the state is obliged to quickly intervene and punish criminals, they are in no hurry to do so. Apparently, in this way they want to discredit the very idea of ​​decentralized cryptocurrency. However, they will soon be forced to do it anyway.

Since there are too many scam ICO since 2018 its better to just go with the ones with assurance and with real life team that are ready for work ,I've learned the hardway ,last year was a very brutal year for me because I nearly lost all my money to these scam ICOs ,but now I spent many hours on ICO to make sure they are real and ready to work

There's no need to my  friend because there are vigilant members of this forum doing their part and they have done a good job so far. ICOethics are the number one group for me who exposed those greedy scammers and there are also some individuals who listens to accusations like marlboroza and lauda.

It is hard to fight a scam ICO,
First we don't know if they are scam or not,
We would only know it after the ICO or if they have a fake profile.

The more reasons why we have to embrace Security Token Offerings (STOs) before they finally discourage investors generally rather than fighting it.

I really wonder what will be going on through the mind of big investors that has been scammed by this projects, it is really disheartening and I don’t think it is enough to know them from the list OP is trying to compiled through his thread because some might be reported falsely.  If I were to advice most intending investors, stop investing on new ICOs.

If someone is careless and does not accurately research the project, it can also be scammed by the STO. The difference between ICO and STO are legal regulations that will help punish scammers, but it will not stop them from trying to steal investors money.

The most important thing is not to live scam. The problem is that we spend our time in the hope of earning. But in the end we get nothing. This is the main problem of hunters.

We don't know which is scam or not but when we try to research about this project behind the scene, definitely you can find out many error i mean suspicious thing which is clearly direction of scam project.

I think at the moment only really quality and investment projects can conduct their ICO. So there aren't many bounty of this time, almost them quite quality, and we can evaluate it carefully before participating.

If project is scam there are surely information about it. This forum is also one of the best. Also, investigate every detail, if they are scammer you will surely find any evidence.

Actually there are some users that keep this forum clear from scam ICOs, one of them i know is ICOEthics.
He is very good to busting many scam ICOs in this forum, which is good to protect the investors.
Despite many ICOs are not genuine, there are still some ICO worth to participate.

of course we must fight againt scam ico, no more neither hunters or investor got cheated by them, lets make this 2019 year as year for crypto revival, and hope bull run can happen soon.

In recent months, the number of fraudulent and useless projects has increased significantly. And bounty hunters until the last moment believe and hope for the prudence of developers and in the end often give up and silently leave. Do not be silent, it is important as soon as possible to share with the rest of the gullible participants in the chat rooms, using real arguments. I am convinced that the problem of fraud will be resolved very soon, because we all need a legitimate ICO for the effective development of the cryptoindustry.

And how are you going to deal with them,there are ISO that pass,they have an interesting product and idea,and in the process simply can not cope and bend these projects,and Yes there is also a dolika is not honest that do not return the money to investors.And there is of course where originally planned to throw people,and did everything possible to bend them,and cheat.Here only to study thoroughly the project not to invest where it is not necessary)

how can we fight ico scam? while we ourselves as bounty hunters are also often fooled by the project scam. is there another way to see the ico scam faster? maybe if there are rules before publication ico there are conditions of government rules that must be done.

This is why we need regulations on ICOs where they have to fulfill certain conditions to be considered as a legit
project. Like the idea of IEOs  where exchanges  are some kind of guarantee.

It become so obvious that many just jump in believing the year will be like 2017 as a point and other also did to get rich quick which some really achieved but to my own understanding, investors need to be away from ICO now and also the hunters.

I think we are having a save hand now compare to normal ICO with what we have now as IEO which gives more rest of mind to investors and that will put an end to ICO soon while hunters will also need to look else where to get their earn.

the more difficult when to be able to prove from ico scam or not we can not because for data or funding certainly can not be disseminated, manipulation of funds that have been obtained by ico is a problem that often occurs

it is indeed not easy to detect ico scam, but we can see the track record of their team. of course a good team will choose a good ico project. although sometimes it's also wrong but at least many are right in analyzing it

I have said it time without number that the greatest problem of cryptocurrency world is scammer projects not fail or rise in price. Fail and rise in price is but losing all your assets to a scammer is really an unbearable thing to chew. I always advocate for scrutinizing of these project owners before  letting them in.

You can fight with scam ICO by never promote their project and always give information to public at bitcointalk forum and social media because this ICO is really scam and never trying of invest your money.

Its high time we fight out this menace of ICOs scam ravaging the crypto sphere personally I was a victim of scam ICO last after investing and promoting a project sadly it went AWOL, this is a very a bad experience having invested much in it.
We should all join hand and report any suspicious  scam ICOs and warn potential investors or bounty hunters from falling victims of those scrupulous and fraudulent projects in the name of ICOs. in fact this is one of the main reasons some would-be cryptos investors get discouraged in investing in some of this project because of fear of being scammed.

we have to doing preventing action to identify scam ico.as we know many fake developers make their site , roadmap or data that rellated with their project very well and smooth.so we never think this is fake project.

of course we should fight againt ico scam, they already make many people lost money and make reputation of crypto bad, these scam people has many way to make us believe and fall on their ico trap, then invest our money.

There are many people in this forum are giving their valuable time to find those scam ICOs so if you want to contribute you also can do that in scam accusation section.

True, if OP find something suspicious on the project and on the ICO, make a scam thread on that section and after that warn other people on the project ANN thread and their bounty thread. If the bounty hunters still promote the ICO then it is their fault, they only do for money and never keep up date about the project.

Yeah agree, one way you can do is report the project, or don't interfere and participate with the promotions they make.
as long as there are no ads, marketing, they will not be able to grow and spread, that's one way to stop them

Not all ICOs are worthless just look at projects like Ethereum and EOS who successfully raised funds using this method and are now top ranked platforms, however, you are correct in highlighting the fact that this form of crowd funding has been exploited by scammers and professionals who lack the necessary skills or experience to launch a startup and is no longer a popular avenue of raising funds, but all this is starting to change with IEOs and STOs gaining popularity that can offer more protection for investors

We should all unite to fight these scam ICO'S one of the way to do this is to red tagged those ICO that are listed in the scam section, there's a complete list in Icoethics website, I'm sure you are all aware of this list it's a must list to see so you can check if the ICO you are promoting is one of them.

it can be called a Scam in the sense that they do not fulfil their promise and if such project has not indicate that they might not pay hunters prior to when the bounty campaign is launch, We may say they are not. And if not then it is a scam because they do not have any agreement that bind their intentions. However if such Thing happens to hunters then investors too need to get worried because one day, they are also going to be cheated just like the hunters.

I'll just add about yobit. If I see that the project has a listing on this exchange, then this project automatically falls under suspicion. This exchange does not disdain anything if they are paid for listing.

I read one of the post of yahoo62278 and I realized reason why many people are taking advantage of blockchain technology to scam people by creating scam project. The cost of setting up a project is very cheap and this is exactly why we have so many scam projects. more than 50% of the project are using fake images of people as team member with copy and paste whitepaper. I have make it clear that people should stay clear of any project that are not legally registered in any country because it can be suicidal.

there are many sites now to look for scam ICOs but even without those site we can determine if the ico is scam just make reviews and check background on the ico then and for the project.We can fight those scam ICO'S by doing some news about the project and dont promote so investors wont know about the it.so they cant invest on it.

Also the regulation on ICO is really weak, it's like there's no protection for any investors and they could be tricked by the complicated terms and agreement. I know people are always thinking about the idea of being decentralized but without regulation it's just as good as a slum for scumbag people.
It's always better to have some kind of authority to every ICO that's going to be held.

Transactions that are done through online is always a great advantage of scammers so that is why I favor regulations long before. It's such a shame that we lost much more funds raised in truly great ICOs but it's better than most half of it will turn into the wrong hands like people like them. But I know that a lot of them are now discouraged after knowing the  poor current state of the market.

even with the bear market they will still be here. there are still investors who send money to a very obvious scam project yet they choose to send and worse is that they shills for it. they may be part of the scam but it always makes people who read the comments and believe to it.  collecting just 10BTC for creating a website, whitepaper and fake profiles can be worth just $1k, thats the motivation for them.

This might be a very good stepping stone into reviving the ICO again if we can all join hands in spotting these projects out and discussing them on these forums provided some people don’t end up using the forum to spoil other people’s business because of the strong competition among them.

Aside ICO scam too, we also need to be able to help ourselves in researching and also spotting our projects that has no future or product and may end up getting dumped in the long run because a scammer might also come up with a bad project to make it look like they are real.

Yes you are right and I agree with you on this front. The market is filled with frauds and fake things. I am being pessimistic and spread negativity. There is also very much good thing--cryptocurrency. What I am trying to say is that we and authorities concerned must take some steps to control scams and make the market more stable and strong.

The only way to get out from the stamp is getting little aside from these type of things otherwise it will definitely attract ourself in the beginning stage then only we can realise you are choosing the wrong decision at that time feeling will not give nothing.

Its nice that you fighting against bad and scam ico. Many investors have lost a great deal from scam ico due to ignorance. But once you expose scam ico you will doing investors a great favour

The best way to deal with a fraudulent ICO is to not participate in it. Every year it becomes more difficult to find a strong honest team of professionals who sincerely believe in their product and successfully promote it in an unfavorable market. Such projects are and will be, you just need to learn how to find them.

Detecting project scaming with ICO price is not easy, though many investors have been scam when it comes to ICO scammers, but I we suggest hunters can try and atleast fetch out 50% of project scaming ICO, if we hunters can promote projects, we can aswell detect scammers

Have to start being smart in choosing projects that have this big forum ..
By looking at the profile of bounty managers, for example, it is a small way that can be avoided if the project is scam or not..
For example, he has a red value or not..

Wen can fight against those scam icos by not promoting it and make an warning to all investors so they can be attracted on those scam projects. bounty hunters must be careful about it because they are the one who promote the project so they can warn investors too. if we help each other we can stop those scam icos.

Everyone knows about that answer but the problem is how can you determine which is a scam project? that's the problem that has been facing by a lot of people. that needs a lot of knowledge about ico and everyone must be understood about that

I dont even know how to deal and determine which ico is actually a scam since we cannot judge by its cover. Just be careful because everything can get you in danger even if the project is legit.

of course distinguishing real ICOs and scams is very difficult because they are not very different and maybe if every project team / developer wants to do ICO it needs KYC maybe this will be easy

And how will this put a stop to scam ICOs ? Listing them number to number won't bring any changes to ICO scams even if one is detected today this same criminals will create another one ,the only thing we can do to help people especially newbies is to warn them to avoid promoting scam projects

According to my knowledge, the ICO, which requested KYC for investors, was used to find out the people who invest in it. and for the ICO problem, it is better if there is suspicion immediately to make a thread which contains evidence of suspicion of ico projects

Nice thread. But also not just put a name of the scam ICO but prove it by those poster.  I suggest you post it by having a self moderate option to clean up some spam post here. Then only those legit post with matching on the OP will retain in the comment box. It's alright to delete some messages or feedback. Im just thinking it will more cleaner and probably be always get visit by others.

In our Local (Russian) thread we share information about scam projects. The list currently (in March) includes 30+ scams.
28/03/2019 Micropay was added to the list because of the fake team
 

yes, it is one of the ways to anticipate reducing ICO that can harm many people. maybe that way there will be a lot of experience for readers to be able to avoid the ICO scam project

Ethereum and EOS started when scammers has not hijacked the system of ICO from real projects and real developer but now, most of the upcoming projects we have now or the ones recently completed and not up to a year old are scrap.

Though we still have lots of projects that I have been working on that I strongly believe are very reliable and coming out with quality projects. The invention of IEO is really going to be a way forward to earn the trust of more investors because STO might face a lot of setback,even thoughit’s built on blockchain but will still be operated within the centralized market system.

To be frank with you, most of the current projects raising funds have shown some sense of credibility and accountability. I think the level of scam projects in the industry is reducing everyday as many investors are more smart than before, so it is those that have shown some level of credibility that are getting investors for their projects.

it is true that KYC can be used for good things like some ICO do for investors participating in the ICO, but there are some naughty ICOs, they sell investors' identities to others and that is a practice that often happens in online markets such as that.

The fight against the scam is a very, very difficult thing that is being conducted today constantly, I think that there are a very large number of crimes that are being committed today, but theft is the most frequent crime.

Putting those ICO's here who scammed bounty hunters is useless. See the bounty page. There are lots of Bounties still running and there are lots of bounty hunters falling into their trap.

What must be the way to stop? Bounty hunters must stop joining in these stupid bounties. These is the only thing that I know that will completely stop ICO's. We know that bounty hunters play a big role in the ICO as they are advertising their project on various social media platforms. Now if the bounty hunters will not join then it will be hard for the ICO to advertise their project. Bounty hunters must stop joining in the bounties.

Not only from ICO but also from airdrops, they sell their airdrop participants KYC information on dark web. I saw it before.

There are so many scam ICO out there and it's quite easy to detect it, check it by yourself before join an ICO. Repeated project is mostly will ended with not reached softcap or even scam.

Only 3% of ICO investors directly from social media and bitcointalk signature campaign. So, they don't play a big role, in my opinion. However, I think we should be aware of scam ico and spread this awareness among others too. We should create some threads on how to detect scam projects.

ICO Scams ripped the cryptocurency market apart in 2018. But gratefully, the IEOs came with a strand of insurance for investors and induced confidence. This is why 2019 is seeing some crypto resurgence and if IEOs keep performing up to expectations, the market will be fully revived

nice iniciative!
It is actually difficult to run a list of scam ICOs because of several reasons, especially because "scam" is a relative subject, sometimes it is a blunt scam, sometimes it is more elaborate and people will just think that the project failed...
There is also the problem that most scams are identified only after the ICO has finnished and the damage has been done...
But we need to start somewhere and this is a good place...
ODEX -they had very strange reaction to questions about info from the team. They are supposedly based in Marocco, I live close by and offered to pay a visit to the headquarters.... got kicked out .... never paid for ANN translation work
OCTUS - never paid and there were several scam accusations
among others....

List of scam ICOs (proved) by other forum users. Avoiding scams is the most important things to get profits.
Investors can not get profits at the end, if they lose money on scams along the way.

More topics can be found there:

I hope this will help to identify scam projects before they are going to launch their token sales and to protect investors from taking part in them. The numbers of scam projects are decreasing, but there is still a lot of work to do.

It is very easy to resist the scams ico if we are wise to look for the truth, It is easy to know if it is true that it is only a review of the ico that will be involved. Those who are often foolish are novices in the cryptocurrency market.They need a assistance om how to choose a good ico to invest.

Review about ICOs are also complete non sense,we can't make sure that we are investing on a legit or scam just by watching a review but when we are wise enough to evaluate a projects and about their team then we can find them.