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Billions of dollars are lost every year to occupational fraud or White collar crime. Businesses have been forced into bankruptcy because of fraud. In this day of blurred lines between right and wrong along with an end justify the means mentality, fraud is on the rise. Is your business at risk? Probably so, if you have any employees’, receive deliveries, or have accountants, managers or bookkeepers handle any of your business. To prevent fraud from happening in your company you need to understand the dynamics of this crime.
There are 2 main sources of fraud. The first is internal meaning an inside job usually an employee of the company. The second form is external and this is likely to be perpetrated by an outside vendor or supplier. Most fraud, unfortunately, is an inside job.
The United States Chamber of Commerce estimates that employee theft costs businesses somewhere between $20 and $40 billion per year. As indicated previously not all fraud is committed by employees. Vendors and suppliers can easily scam a business if the right checks and balances aren’t in place and that increases the amount of revenue lost to fraud by a substantial amount.
Who is more likely to commit fraud?
Most fraud is committed by those in the position of authority who have control of information. They are less likely to be questioned. Managers and professionals have the capacity to commit fraud and conceal information relating to it. That, however, does not mean that fraud is not committed by other employees.
Spotting possible fraud ;
The obvious indication is missing funds, but there are other things to look for. Identification of red flags of fraud is the first step in recognizing and stopping fraud. Be aware of the signs an employee might be committing fraud.
These signs may indicate that an employee is perpetrating fraud;
An employee constantly at work, coming in early and leaving late may indicate that something is going on. Be aware that some frauds require constant manipulation of information to remain hidden. If the perpetrator was not at work, the fraud may be exposed
Watch for an autocratic management style that ignores employee complaints or suggestions and discourages criticism of their own actions and their actions are often unaudited.
Key employees having too much control without audit checks
The red flags alone may not be the reason for an employer to take action against an employee. They are, however, cause for scrutiny and further investigation.
Daily there is a very good chance you will read an article in local newspapers about one or more employees caught stealing or unlawfully taking something from their place of employment be it; theft, pilfering, larceny and or outright embezzlement. Every year billions of dollars are lost by businesses nationwide to employee fraud and theft and the number of incidents is rising with small businesses, which usually focus on product development, marketing and sales, are particularly vulnerable.
Businesses can not run properly without its human resources, however, some employees of the company can defraud and with the result of the business suffering losses or even going bankrupt from occupational frauds.
Owners and senior management of small-medium and big businesses have to pay attention to a lot of activities and make a number of decisions each day which may not allow enough time to diligently concentrate on each functional areas, therefore, business requirements to build a solid internal control system to prevent fraud or error.
This system should set out policies and procedures for processing, recording and reporting financial data and securing a company’s assets.
Typically, frauds occur in the following areas;
Accounts receivable — This entails an employee or accomplice diverting customer payments for his own use. This usually involves opening a bank account with a name similar to the company’s name and deposits checks meant for the company in it. Inventory fraud. This involves an employee appropriating business inventory for personal use stealing inventory for resale. This is more common with consumer goods that are small and easy to conceal. In addition to stealing for personal use. Purchasing fraud. High stork businesses are particularly vulnerable to fraud and it is an area that represents the large risk for embezzlement. This usually involves paying invoices to fictitious companies. The employee establishes a fake entity and has it enter into the company’s system as a vendor and then produces invoices from the fake vendor, which get processed. Cash fraud. Company’s cash is an inviting target for fraudulent activities. Employees usually use company checks to withdraw cash directly or pay personal expenses or may skim cash off the top before it enters the accounting system.

About Author:
My name is Janise and I am business coach and zodiac casino flash (https://playcanadacasino.com/zodiac/) review writer with 6 years if experience. I want to help people how to manage their business life and their budgets.

for now, be careful and careful to choose the ICO project to be used as an investment place, because most ICOs are now deceptive. so don't ever choose a strange project

For all the people in sometimes anyone can be mislead you and a fraud will definitely approach to get out your money very easily so be careful and be prevented while investment are choosing a currency which will be very important for yourself to save your money carefully.

This is a will write up information about fraud and I really learn alot from this information.  I have see fraud in all facets of endeavour and people in authority are really the best fraudster.  From government agencies to public office holding we see a lot of fraud daily and I think since some of them has fraud investigating agencies in their pockets it very difficult to find out and prosecute them.  Follow your recommendation I think it is best we have a system that makes it difficult for people to commit fraud and scam.

Nice analysis. Classifying fraud in two categories as insider and outsider is nice. However, I think as far as cryptocurrency fraud and scam is concern, I don't know where you want to classify that, maybe outsider because it is a public offer, if I'm not wrong.

I generally try to be careful anyway.

That's correct, there is a lot of ICO project are created to be a Ponzi scheme. So investors should be more careful when they decide to invest in any ICO, they should think twice and read more about the project and searching more details about the project to be more safe from any kind of scam, If you are a beginner, I think the best thing is to check if the ICO is scam or not, you should read people feedbacks, they are so much important.

First of all, your employees must be reliable. So, when you turn your back, the wrong movement against the company always dictates that you develop correctly. Secondly, they should good at their profession. Finally if they have these two criteria, why do you lose?

To prevent fraud regulation and laws must be in place in order to checkmate individual from perpetrating fraud, for companies and organization a control mechanism must be in place, organization must ensure a decentralization of portfolio that tends to reduce the power allocated to individual. For cryptocurrency to prevent fraud individual must ensure its own security.

I guess fraudulent is not preventable but you can minimize being a victim if you will be very vigilant in your actions towards your investments. Doing more research before engaging to something which includes money will reduce the chances of being a victim of fraudulence.

Yes, ICOs do not have a good reputation at the moment, but there are still some interesting projects that I think will give a lot of satisfaction in the future. The point is too chose wisely which projects are worth investing.

Specially when sending some information about you in online. That's why i really hate when they're requiring KYC on a project to receive a payment, my information can be used or sell by them. It's very preventable but if you really want to risk because of the "benefits" of a platform/project then you should and take the consequences.


ICOs are very trash today, most of it are just scams and will waste our time, that's the reason why I'm sticking to btc campaign than alt camps.

there is no denying that the blockchain project is synonymous with fraud, because most people only see it as a comparison of bitcoin which has become an extraordinary digital asset. With the capital of a whitepaper and a vision to create revolution many people are deceived.

This free market is very arbitrary to make profits detrimental to others, the most important prevention is to multiply research first before investing or whatever, because the chances of crime in this world are very large, try not to rush to everyone in here, it's very difficult to tell everyone that selfishness destroys everything.

It is true that ICO has no effect on the progress of cryptocurrency because most altcoins are big nonsense that doesn't give anything after following complicated procedures, a small number of them are also good and honest but sometimes less exposed.

The situation is really complex than it seems.I have realised that sometimes it is still not easy to identify  scam projects after doing your own background research. Fraudsters are becoming more intelligent and meticulous in their dealings lately. Interestingly enough you may assume that a project is a scam meanwhile it is genuine in reality.

but not all blockchain projects are like that, this happens because of a lack of regulation, so many use it only to raise funds. therefore we must start learning to do research to get a good project. it can be considered including experienced teams, the project roadmap, and the white papper

Currently ICO projects are bringing two different issues. It brings a lot of benefits to the market and investors when it is a real and successful ICO project.
the rest have a lot of fraud projects that have lost a lot of money from investors and the crypto market.
If you do not want to lose money, do not invest in ICO projects without careful analysis.

Would have been nice if you had formatted this better but yes, all of those are telltale signs. I don't remember the name but I saw one docu on TV about this woman working the family business as the accountant. For several years she never taken a vacation, apparently coz she's cooking the books.

how to prevent fraud? that is by not being too trusting in projects that promise a profit or a future that is too good and even very far from common sense, don't be fooled by the appearance of documents such as websites, WP or whatever they make.
and don't be tempted by a roadmap that doesn't make sense.

Be careful when choosing an ICO project because there are currently many ICO projects that are not clear even though not all ICO projects are like that. Avoiding participating in ICO projects is a better thing to prevent us from fraud.

There were more and more ico's coming into usage, but very few succeeds or becomes much worthier in the market. Rather than avoiding the participation into ICO projects it is good to analyze better about the ICO. Every ico has a calculated value for the token, but end of the day it'll be getting around 100 percent drop value when listed to the exchanges.

regulation cannot totally combat frauds  . ive witnessed alot of regulated projects  but they can still be bypass by fraudsters   .  we all cant prevent fraud because fraud is already part of the ecosystem ( not just crypto )  altough we can minimize the risk of catching them if we manage to plan our moves and decisions carefully  .

Its true this white collar fraud not just cryptocurrency, its happen in stocks market too. If we recall Bernie Madoff, we know that economic system can used for fraud. Regulation only can reduce but can not stop fraud in any bussiness and investment, what we can do is stay carefull with our investment

At least it can reduce and minimize the crime rate, when regulations are made of course there will be a verification of data in
exchange or wallet, and that can minimize someone to cheat, because their identity has been seen by government

Your question is too long and spinning,
You ask about, "how to prevent fraud",
Actually, some of you have answered yourself, who deceived and cheated.
I want to add a little: maybe, if this has happened If you already feel there has been a deception seed in the area as you tell, don't hesitate to report it to your boss and don't let anything like that happen because the crime that is left will definitely run rampant and the fraudsterwill underestimate you because it is easily fooled.

Frauds can be only minimized from the side of people who were getting scammed even after they have lot of ways to identify the scams and legit in this modern world.

This is exactly the situation on ground. Fraudsters are becoming wiser and smarter in their craftiness and in most cases, excellent work is put together to defraud people. In that right under one's watch and with diligent research, the scam will still be carried out successfully.

On the other hand, talking about regulation, it can bring more fraudulent techniques to the industry. When you force someone to act legally then they will find a way to overcome it and act in an illegal way, most of the time with irreversible consequences. The best way is to get some advice from the experienced ones and then act according to them.

They will continuously promote fraud in many ways so it's better to take care of ourselves. Fraud is anywhere it's made for scamming a lot of people that doesn't have enough knowledge about crypto. Fraudulent is risky if we are investor because we are prioritized by those fraudsters. Fraudsters always make a way to continue their work in a wiser process.

therefore, if you want to choose a project, you are more careful and careful to read because there are now a lot of projects that are getting down. the problem is that there are many victims in the crypto world, of course in the ICO project

Wow you created a long post. I am.not fan of reading long post from the looks of the topic which I am not interested also. Anyway, knowing that one might be get fraud by other wise users is very important. Raising awareness here might save other users that will get fraud. OP has overdone his post hope to get a summary on it.

indeed it is very difficult to know which scams and which are not scam because usually these criminals will read all the information mentioned in a thread like this so that they can be used for learning the perpetrators and as much as possible to improve their way of doing a scam.

People are greedy and want to make a few quick bucks even if the business model is not very plausible. In 2017 so many fall for Bitconnect just because they were greedy and finally had a big loss for being scammed. Only good thing is that people will hopefully learn from their mistakes and doing a better research next time.

For those who are experiencing a scam, in an investment way we can not assure the welfare of our money. like a gamble with a winner and a loser, because wherever we are and you want to earn with us there is no guarantee. I can only say that to avoid fraud should not be trusted immediately. you must first acknowledge it before accepting.

the risk of being in our hands, this is as our government said. therefore we must continue to learn to avoid fraud on every project. of course with strong experience and analysis can reduce these risks. and of course we must first think that this business is a risky business, so use free money

Can you give us also the link where you published this article?
Sadly, most fraudulent activities are inside job. People have their own reasons, either greediness or in desperate situation.
And for business owners, they need to be smart and alert to avoid losing their business.
Undetected movements can hurt a company in the long run.

indeed to be able to find out something that is scam is very difficult while for new users it usually does not have much experience so it makes new traders do not know which one is a scam and which is not.

Indeed for beginners cannot determine the cheater and not, but after the beginner enters the trap it will realize and become experience. This is what happens to most beginners, so learning and reading more and clearly can prevent us from fraud. Take good care of yourself and carefully we can do it and this is a better insight.

maybe if we analize team's background we will find the sign it is has scam potency or not.if serious or real developers they will provide their identity in their site.maybe linkedid will provided in site.but this is not the only factors for us identity fake or fraud projects.we still other ways to identify it.

We all know that fraud is the one that it's hard to avoid because even you avoid frauders they still there to find who they want to victim. That's why we need to be careful at all times because you don't know who can trust.

Although it's hurt but that is the truth and usually the fraud using inside people got a smoother action and less to be caught, the business owner need to implement a good system so not all the authority is given to a single person, with more layer of authentication it will be harder for the people to commit a fraud, people can commit a fraud because they thought that they could commit the action without being caught, so don't give them any opportunity to find a loophole in the system

Creating an oversight institution for cryptocurrency. including the matter of ico. because now the industry has a lot of fraud and manipulation. lots of projects that are not in line with what they said at first

To prevent fraud, you need to be wise enough before you invest your money and participate in a certain ICO project because there are a lot of scams today, that is why a lot of people are quitting in participating in ICO because of this kind of incidents. Checking the white paper and website is one of the best ways to assure the project is not a fraud.

Maybe you can trust some people, maybe you can trust in some code. Do we need to ask a question: to have trust in a code or in people? Well answer is probably well known, we can fully trust in either of this two, we need to find some balance and above all to question everything and anything before making a final conclusions. Of course, that doesn`t mean that you shouldn`t risk from time to time, just do it responsibly, with amount of money you can afford to lose.

Fraud activities keeps growing in the cryptocurrency market as scammers find it easy to earn as the money flow in this keeps growing. Importantly everything can be done anonymous, better is to go with good analysis and invest. Most ico's have good team but the lack of funding makes them go under the scam list.

Wow,that was a long and boring read.Fraud is continue to exist untill the end of human kind.
Nothing can prevent fraud 100%,not even blockchain technologies,smart contracts,artificial intellingence,etc...
As long as there are humans involved,corruption will always exist.

By analyzing and deep understanding can help you to prevent fraud.  Always remember that there are many scammers here in the market and you can only avoid it if you have enough knowledge and information. Always be careful in choosing wise investments.

There are a lot of ways that we should use for us to prevent fraud. Actually it is the main reason why there are people who are afraid to enter the cryptocurrency market due to the hackers and scammers in the market. Before we make investment, we should analysis very well the project in order to ensure that our money is safe.

Some of us were trying to take advantage of its growing market and to scam people especially for noobs, that is really frustrating. Maybe we could say that, they'll become like that cause we let them work that way. Nobody could be fraud nor to be scam if we don't want too, and those people who wants easy money would have a huge chances as their victim.

Fraud is all around us now, not only in crypto currency but it is there is our life but we will have to be careful and keep our self away from it so that it will not affect our good life, indeed there should be some institutes because crypto currency has become so famous and fast now, so scamming is common and real investors should be taught some skills so that fraud people and projects will not make them suffer lose.

It is highly sad that you think fraud is bitcoin or blockchain problem. Do you think fraud and scammers came to life in 2008? There has been a lot of scams in fiat as well and comparatively speaking there is more fraud going on in the world right now done via fiat than crypto. The only difference in the world of crypto is that you can't take the money back and if the person who scammed you is anon you do not have much to go on with and just face the fact you are not getting the money back however looking at the world that is at least cutting the loss quickly.

Look at amazong, dudes made 24 billion dollars profit in 2018 and requested free money from tax payers to build a new headquarters, a company that PROFITED 24 billion dollars asked for free money from the tax payers, that is alone is bigger fraud than anything you can see in crypto world. We are fine.

Frauds goes on in every work of life, in our dat to day activities, in schools, companies, organization etc
People fall prey to fraudsters daily and more so in our network,there is a high rate of scammers and fraudsters.
But most times its people who foolishly fall into their trap and it's due to greed and selfishness.
When you want to earn far more than looks reasonable based then you're liable to be scammed
There are many tricks that help one stay free of scammers,once you sense a red flag, you stop immediately

Fraud has been all around the corner and we should be aware,be informed about it, and make safety and security be of highest priority.  We have to be extra cautious to what we are dealing with, such as securing personal information, using uncommon passwords, avoid clicking on links from unverified sources, be wary of all links and attachment, sand a lot more. These people often pretend to be someone you trust, they gain our interest and at the end of the game we become the victim. Take time to think, and don't fall for their too-good-to-be-true statements. Stay vigilant, do research and be up-to-date.

Fraud can’t be stopped. The more you’re trying to stop them the more they are coming up with different plans on how to carry out their bad acts. There is fraud everywhere. When you see new businesses pop up, you will see people who will try to use that same business strategy or so for bad purposes.

Just like cryptocurrency was invented for good but there are already a lot of people using for bad purposes and that is making a lot of people believe that cryptocurrency is bad while it is not.

Fraud is everywhere not only here in cryptocurrency, that is why you always need to be smart in picking ICO projects because there are unusual projects that you will see in this forum and you should beware in those kind of projects. For you to know if it is a fraud or not you better check the websites, whitepaper, and also the team members if they can be trusted.

 I think it will be happened in sometimes because the frauds always makes a promotions more good but at the end only we can see the results and that is something mistakes will happen to us will realise at the end only so following some regulations will prevent from this type of things to happen for us.

The words that I bolded above is the main core that you must check before choosing the legit ICO. It needs deep research and further investigation throughout their team and the entire project. And of course, the managing team who handle is also reputable because they care about their reputation regarding handling project. You can minimize the risk if you do that.

Really very complex bro. Most genuine projects out of fear has been mistaken or taken for scam. This is because the scammers have now become too good and they look so genuine most times.But ill personally prefer to miss it than to be scammed.
This is the reason the poster has taken his time to explain how to quickly identify a scam project when you see one, Though this doesn’t give guarantee that we can’t be scammed.

Most of people are getting scammed and encounter fraudulent activities from their wallet. We, owner of digital wallets or even other kind of credit wallet should have to be aware of simple things like not providing information to links or to sites that we are not sure of its security. Since most of the sites now have 2 way factor then we should enable it so we can track activity from our wallets.

you can protect yourself from fraud only. protecting the community is not easy i think. you can search more and more instead of believeing other people otherwise you will be robbed easily.

Peoples are always looking to free money so many scammers are threating the beginners account. We only protect ourself but some technical hacking also possible in current world. So we must secure our all the data then only we will safe in this society.

Therefore, we should invest our money wisely and sensibly. For all special occasions, approach with caution and carefully check all aspects of the investment. In addition, it is worth educating yourself in the field of protecting against hackers and avoiding ICO scams.

Good point right there, cryptocurrency do not have the support that can take your money back when its gone.


Well IMO, the biggest fraud is the government. If you come to think of it, If youre hired to a specific job, you need to comply all legal government related documents and pay for all these papers ( I dont know if these has been going on in the countries) . If you also want to put up a business, before you can start, you need to get business permit and licenses, and of course you need to pay for the papers again. If you take a look at the big picture right there. Government have already milked you with a lot of money before you start earning. Is that the way how you help and serve the people in your society? Of course not, but we get used to it, so it does look like just a normal routine for us.

To prevent fraud such regulations do exist in order to counter it.
Well, I would say it is a complex system when it is all about the regulation because if without any regulation most people will just keep taking the advantage and so on. And for the licenses and papers, it is just basically the service fee for the employee and to the company because if without it there is no company would handle things to get your papers and licenses done.

Fraudulent activities take place going beyond the regulations at times. The more its tightened, new ways are found and it continues. The activities remain consistent. More often we tend to ignore when it happens in-front. Unless and until an individual is not pro-active and vigilant, none can be protected. Rebates and debates do take place on the same topic. Finally is the individual who decides either to be honest or to do frauds.

It is very difficult to prevent fraud, always find ways to do it, as they have said before, all agencies want to take a slice of the cake as it is, governments, banking, it is difficult as many hide behind their legitimate diplomacy to pronounce rulings that are not the most just, nor for technology as for people.

to prevent fraud it is easy for you to avoid suspicious projects, because now there are a lot of big projects that are deceiving in the end, so to choose a project we must be careful again

Being careful is not enough to deal with fraud anf fake investments but having a background research will.  Knowing what kind of team the project has is vital on your part especially if they are not that popular and the project itself must be presented professionally alongside with legal papers.

I would take an example from government sectors. Take a serious look at current gvt leaders. I accept the fact we do have leaders who deserve hats off salutes. You will not be able to count down the number of fraudulent activities do occur. With power and money, any thing is done illegally. Who should stop it? The person who plans or triggers to do it?

I definitely agree with your opinion mate. Fraud is everywhere and it strikes at any given time. We are all aware of it and I think the only solution for that is regulation. We are tired of government intervention but they are the only one that can stop it though we ourselves may prevent it and the safest thing to do is just be careful. Fraud can be prevented as long as we are aware of what we are doing and will never takes any chances of being a victim.

This is more of social question, why people scam and fraud each others. What mechanisms needs to be created to stop people from cheating? We are tired from governments cause they are the biggest scammers, and how can we have healthy society when the ones who are in charge are the biggest scammers, liars, cheaters? So preventing the fraud needs to be cut from the source, and source are people, we need healthy society and we need to work on that. Blockchain can help us in creating better society, more transparent, where everyone will have a voice, not like now.

In my own personal opinion, to prevent fraud and scams we should guide or help people more about cryptocurrency, especially for beginners because they are usually the ones who became victim of scams. People who also doing scams should be put behind bars because tricking other people and stealing their money is against the law.

I half-hearted with having regulation by the government, probably more corrupt politics will ride on that. The best thing I guess is the ICO having filtrations of their project come. They must have an investigation or something requirements before the project can launch. And that case it will lessen the number of scam and fraud project.

When Something is decentralized no one is going to watch the people to prevent from scams that is why scammers toom advantage of this and start playing as they want so people need to stay away from scams.

Though we have evrything in place for a fraud not to take place, we are still questioning if its possible to prevent a fraud. How far behind we are when comes to true to our normal commitments. This starts from me. I who has to realyze if the action i am taking is right.

To avoid that kind of situation the only thing we can do is not open any website as your personal data can get hacked, so better is not to trust blindly and make good research before investing our money, I know scammers got sharp mind but if we will stay a step ahead there is no scamming and fraud, most of time lack of knowledge makes us suffer.

It will be more difficult to prevent our investment fund against the fraud that circulating in this field but once we have alert and prevented Internet Security for our wallet will definitely helpful to find easily when someone trying to fraud you.

Like it says. Mostly it comes from the person from the inside.
The one with authority. The one with an access with everything.

I hate to say it but it is true. He may be a part of the team or could be the middleman whom trusted with some of their funds or any money related services.

Good examples of this by now are ICOs.

I think the scam ICO project now is lots due to the low-price cryptocurrency market and if you want to prevent it, stop about investing and continue to work with bounty, airdrop, and signature. Please wait until the improvement of this cryptos market to invest in again.

We can't prevent if we do it alone but we can stop them if well take actions against them.
Many were been get fraud cause they allow it to happen, though we are all aware of that kind of activities but still they'll can find a ways to have a victims. And this could be a big challenge for everyone and we should have to work together for them not to succeed with their bad intentions.

I agee with you because of that we can stop the fraud and no more peoples victim again. But one thing is to research if someone is offering you if you think its not good just keep open you eyes wide and talk to others if they think is fraud stop or dont join . Like as you said we work together to stop the fraud.

maybe by checking the ICO organizers, if all there is no suspicion then we can enter but if there is something suspicious we should not have to follow, doing several searches first before entering it is far more recommended than we go straight in because of interesting ads, such as offering multiple benefits and with little capital. first consultation with the authorities is an efficient and more targeted way so that we avoid potential large losses.

Now the ico project to be able to distinguish which one is genuine and also fake is very difficult even what we think is fraud can actually be successful. that's a pretty good thing in my opinion,

it's hard to predict good ico. but I think as a reference, a good team will certainly choose good ico. by looking at the biography of each team, of course we can see the history of the projects they have worked on

For me, ICO is only good when the current coins being traded is not cheap, for now there's plenty of cheap coins that anytime could pump.
So what's the sense of investing in ICO, the risk is high and most ICOs are scam, you choose to reduce the risk by putting your money instead on coins that are already available in the market.

Fraud in ICO projects and hacking in cryptocurrency in general are now very big problems for users of cryptocurrency. If fraud in the ICO is still possible to significantly reduce, for example, regulation of this type of activity by states, then the problem of hacking in cryptocurrency will only worsen over time. This can be a big problem in the future for inexperienced users of cryptocurrency and a factor in reducing the level of distribution of cryptocurrency in the world.

we have to record all their activities from the start, because we have proof if they commit fraud. don't forget not to transfer to people you don't know before and not related to the project at all. avoid phishing sites. do not be tempted by a little depot but promise with very large profits, maybe they just want to cheat you. do not hesitate to ask the development team before investing or joining, if they answer in a hesitant tone, they must be lying.

If you have done various ways to research an ICO and end up with a scam. of course the risks in ICO investment are greater because
you are getting harder to know which are trusted ICO and ICO scam. Is it that difficult now to choose potential ICO?

Internet open spaces is a huge field for fraudsters who will use different methods to deceive you,
when choosing ICO you need to be as careful as possible, and study it very carefully, paying attention to all the little things.

The ICO is currently not escrow, in contrast to the IEO model that there is indeed an intermediary from the exchange that may also be escrow so that investors can trust the funds of those who are not escaped

To prevent fraud ensure you do not be in a hurry to invest, invest base on detailed research about the project whithpaper,  the team involve and there past track record, checkout how realistic the amount they want to raise and the bonus, research before you invest.

I believe ICO is not a fraud maker, the reason why there are so many ICO's that are scams and shady people and so forth is not the fault of ICO its the humanity. Ever since humans existed we have tried to find ways to make our lives better not caring if it would make others lives worse. In the end we are all humans and the easier we make money the better, yeah some of us try to do it legally, most of us try to do it legally but we all try to find legal and easy ways to make money as well.

So, when it comes down to ICO and how to make super fast money than yeah we can't really blame them. I never created any ICO and got funding but honestly if I did that I wouldn't scam people but I would always try to keep my own ambitions higher than other peoples like investors and traders.

It is true that an ICO project cannot be blamed for fraud. But, what about people who have the heart to commit fraud by creating an ICO project? Because basically an ICO project is created with a vision and mission that has the potential to overcome problems during the present conditions. We only blame those who misuse an ICO project for fraudulent acts, not the project. This is normal right?

Please note that, It is not only scam ICOs that makes it a more riskier form of investment, because not all ICO's will reach the hard cap or even the soft cap and not all ICOs will be succesful regardless of how legit it was. Theres always a risk of failed investment than just being a scammed investment. So, I guess investing in ICOs nowaday isnt ideal for everyone anymore.

This is the reason why ICO needs to be regulated.  For investors protection, any fund raising must be approved by the government office to at least minimize the risk involve in investing in an ICO.  Cryptocurrency isn't anonymous anymore so I guess there is no harm in implementing licensed/registered ICO.

Just recording their activities won't help us determine if the project is going to be a scam or not. Look out there, there are hundreds of project that had good activity and baam.. all of a sudden they disappeared. It's not that difficult to create fake activities and trick people into believing the project is active. Same goes with talking to the development team. They are well trained to bluff their answer. All you have to do is follow your own intuition.

In this topic we need a financial specialist, he/she is the only one who ios able to give a straight answer regarding the measures to take for preventing fraud.

My opinion is that we have to be more careful if we want to invest in Crypto, because so many fraudsters keep lurking on us. So for prevention you must be careful and continue to do research on a project so that nothing bad happens.

   If you want to prevent a fraud you need to be specialized for that. How you do that is by learning everything you can about frauds. It`s impossible to
do that, scammers invent new ways everyday. To be up to date with scams and frauds you need to be in some crime organization.
   Avoid frauds by researching about project creators, their idea. There is no guarantees that you will avoid fraud even if you take all necessary steps, we
risk a lot, but sometimes we get very high rewards for that risk.

Sometimes we feel confident that the project that is being followed will be successful but in fact do fraud too. Determining which is safe and not is sometimes difficult that only we do is just remain patient if you face it. This Praud can come anytime without us even realizing it. Investment in crypto carries a risk as well as investing in an ICO project.

To prevent fraudulent activities, you should never provide any credit card information such as credit card details.You should also be careful on checking emails because fraud expert can send spam emails vigilantly.

A newbie and his first post are about fraud? Nice.

Usually, Newbies are trying to spam some mega threads and their posts are nonsense. It's great that you've created a topic that most of the people here must know. I would like to add something about fraud, It is being used for class A persons where they can scam people or hi-jack some income with that precious information. Even here, some of the bounty campaigns, they require KYC where we send our information to receive the payment, that's very dangerous.

The newbie must know something about fraud, don't have a mentality of getting income first than your safety.

Just do not believe on easy.or fast money they offer especially if they ask you to invest an amount. You know that we are anonymous here so everybody can take courage to scam,swind and fraud other users. Just head on and do some research for further guidance before anything else.

do not make transactions using credit cards or all types of payments where the site has a weak database, because they are vulnrable to hack and hackers can have credit cards or many other accounts from vulnerable sites

actually to be careful in avoiding a scam project is difficult. because most people cannot yet identify which projects are serious and which projects are only fraudulent. because the data that makes them commit fraud has been kept tightly.

I think that everything is directed in some way to seeing the word ICO is to be very careful because of the misuses that have been given to it. Now there are many ways to prevent fraud, in fact many ICO have become STO, which, I think have greater security and offer more confidence to investors, is a way to continue to believe in technology.

According to OP, I think that somehow not everything is safe, there will always be many pitfalls that many put to those who are less cautious, and in Crypto, the robberies are of very large amounts of money, which, according to Malkiel Burton, in his book said that when they do occur, they are often late when they have gone away with all the gains, such as happened in the 1823s since Jesse Livermore began his long vision of the market.

In crypto in my opinion the fraud can be prevented more easy, if the PC , phone, usb or hardware wallet and privatekeys/passphrase never got online, will be hard for someone to steal them.

we can actually prevent fraud. but the way to prevent it is that everyone cannot find a solution for it all. the problem is that fraud is always there for every one of us. yes, all we can do is be careful when storing a coin and we also need to be active in the crypto world.

Until we go connective to the network there'll be no chances for security breach and stealing our funds. Even with the highly security concerned exchanges fail in it, even it's cold storages have got security breaches. Upon this it is impossible to state cent percent security with the cryptocurrency network.

Keep your personal identity and information to  yourself and you will avoid Fraud.
Even to this day I get text messages/phone calls from guys trying to sell me sports picks and I never gave them my #.
Your info is also possibly being sold on the dark webs so be careful who you share you info with.

maybe that is one of the disadvantages of investing in crypto currencies and there is no legal entity or institution that regulates law in our own crypto fields that must be able to manage everything if we are deceived cannot do anything in investing with crypto currencies

Yes you are right probably this topic is most important for everyone because any type of field will definitely have fraud also so prevent from them will be a very difficult thing if we had anything problem with our side they will easily make changes on our decision.

To prevent fraud it's easy, don't trust anyone you don't know. With you it is not easy to trust anyone so you will not be easy to give a personal identity which is indeed must be kept confidential and always do more research when you want to start investing wherever it is. With high caution, you tend to protect yourself more from outsiders and you should not be easily fooled.

good advice, besides that we don't like to open obscure links, and don't respond to someone who might offer a very attractive promo, because it's likely that it's a fraud. I think by always concentrating when doing bitcoin work it is also very necessary, because without concentration we sometimes do stupid things

These days people become victim to frauds because they do not take necessary precautions and also do not follow the basic security measures. We cannot say that hackers and thieves have come more intelligent and they know better on how to hack  our belonging, its basically us who are careless and these evil people take advantage of these loopholes.

Nothing is save on internet. Since our bitcoins and altcoins are also available on internet , they are also subject to risk no matter how hard security we apply. I have seen 2fa and email verification also by passed by the hackers. If you want to save your bitcoins from theft , the best option is to take them offline by storing them in an hardware wallet.

fraud I think it has become part of the crypto currency because there is no legal force that protects it so we ourselves must be able to choose which ones produce and which ones are fraudulent

indeed, until now the fraud has not been removed from crypto. because indeed until now there has been no law that enforces the fraud is removed, and for those who commit the fraud will be punished, all of which have not been made and have not been established by law. so it's difficult to avoid a fraud.

Sometimes you never know some of them are are scammers cause they all cover up pretty well this time around and you may mistakenly give out your info for the sake of KYC without knowing that they are scammers till they show their true color. But like you said, we should all be careful and know what kind of information we give out these days and also be wise and do proper research and also ask questions, because there are things you won't know, so you need to ask questions 'em for those that knows to teach you.

I think one and only way we can all prevent fraud is by being careful ourselves. But if it is to stop fraud, nah that not going to happen. There will always be fraudsters and its always left for us to make use of our sense and avoid them from scamming us, but as usual! Some people will always get scammed.

In my opinion, it is important that we be careful of anyone and do not immediately trust others. We can also do research before taking action. Insight and science are also very important so that we are not exposed to deception and harm.

this happens because there are still many who have not legalized cryptocurrency, so the government has not been able to make laws governing it, so this is like being a land for fraudsters

Perhaps they got it from sites you filled up your phone number. It also happens to me, what I did is that I blocked that particular number as it annoys me. I would like go also add that every user should be careful in submitting KYC in such bounties/airdrops/exchanges. If they aren't legitemate and you submitted your identity information, it can't be undone any they may use it for fraud.

There are no clear signs of deciding fraudsters and not cheating on a project because they make it seem real without any doubt for everyone.

Any KYC thing do have its corresponding risk thats why anytime we do fill out any personal informations or do sent out personal documentations then
expect the risk for those info to be exploited somewhere on net yet we wont know if those parties who held our info wont able to exploit those things they had
accumulated.

Research and studies, investigation is the best thing to do before jumping on anything involving money.
This will keep you away from scammers and being attack by fraud.
Most people are looking for the fast earnings now without thinking the risk of it.

I am agree, its because there is no government regulation. Its makes every people can create their own coin or token and sell it to any one. If fraud always happen in crypto, its make people think crypto is scam and people will not interesting to investing their money.
There is should be government regulation to regulate ICOs or project and if that happen, i think investor confident will increase and market will more attractive with more legit project

It is not possible to find those fraudulent people while joining on bounties and it can be exposed at the later time so how can we get prevent from this?

Just stop doing bounties when they ask for KYC.

But sometimes bounties that dont have KYC on the start will start to ask after the end of the sale which means as a bounty hunter you wont really
have any choice but to comply if you are really eager to recieve those tokens for your hard work.If not then you would end up those coins let go.
There are lots of frauds not only to this crypto market but even on the past where crypto isnt still there yet.

I think not because of legalization, the amount of fraud and other crimes because there is no monitor from a third party that can stop crime in crypto.
if the police are in the government, so that crime can be suppressed. maybe crypto needs such thing ?

Even though Crypto will legalized, There would still people can fake everything. It doesn't prevent the problem in regards the fraud, given also that the a Government cannot really monitor everything and everyone using Crypto as the system is still decentralized. Everyone is still anonymous. KYC could be a tool but like I said other people could still fake it, in any ways possible.

I agree, crypto need strong security that will closely scrutinize such cyber activities related to money itself. What's hot here was the amount of fiat money involved which was linked to crypto transformations that made other people to commit fraud activity. Some of them were criminal related to money laundering and drugs transacted globally using crypto money. They can easily use crypto as their payment method on transactions, which they though safe to withdraw cash money form end to end customer. However if there's new technology which will develop a new type of security that monitors any outgoing and incoming fiat to crypto transactions, this fraud activities will be eliminated as soon as possible.

That's right, scammers can still adopt this system and fake their information, we are not safe even we are seeing that government are also interested with this new system, avoiding fraud can be done when you do deeper research and analyze things accordingly, without any doubts you can verify on your own on how to determine.

Even on the countries with legalized usage there is more fraud happening with the name of cryptocurrency. This is happening as each and every activity on cryptocurrency happens through internet. Maybe this could decrease a little when some form of legal enforcement teams were made to inspect.

For sure there are some scammers who are scamming and freaking people but to prevent it we will have to gain knowledge and information, which will reduce our risk and will help us to make money, we are in modern age anythi9ng is possible, gain knowledge and try to make good conversation with expert investors who can give you good advice.

IMO,I don't give my personal details to someone for receving some tokens which don't even have any worth yet.If everyone avoid the bounties with some KYC then there will be some change will happen.

Yes, that's true. I have participated in several airdrops providing personal information. Till date there is very big number of pending distribution of tokens. Even after getting the tokens we can't find exchanges listing the tokens. Fraud activities happen big as each and everything is happening through internet and mostly in an anonymous manner.

Fraud is anywhere as long as there are people who are not contented with what they have and those who wanted easy money for them. Even those jobs offered by company that are considered legal sometimes consider illegal activities. It is hard to detect fraud but one thing more common about them is the idea that they would offer something so impossible or too good to be true. You should be asking yourself what gains would both side get or why is the company or individual is offering such. If you detect something not so true you may then start to consider it as a fraud. Of course get a background check of the company and the people behind it.

Goes to show that it's not worth the risk. Kyc was made to add security but it also became a tool for fraudsters and phishers to get information from people eager to receive free tokens. Might as well just drop those bounties and airdrops requiring you to comply. Again it's not worth the risk.

right, every time I find that I have to use Kyc, I better leave, because our identity can be misused, so that it will harm us. but sometimes there are projects that require Kyc, and it turns out that the results are good, such as cht. therefore I think it would be better if we could identify it

It is not arbitrary to invest and also see more of the fairness of the profits offered because a lot of people are easily fooled by this, which uses the attraction of huge profits that do not make sense

 I don't think we have to be miserable to analyze and review projects anymore. Because now scam projects are gone. Real projects are searched to the exchanges to create the IEO and start calling capital.
We didn't have to worry about scams anymore. we can relax now ;D

Be more careful in investing and not easy to believe without us doing research on investment products, usually they also offer considerable benefits and you have to ask about it, and also about their most important legality

in fact in this world we may trust everyone, but believe that it is not entirely straightforward to believe. because everyone can stab us in the back. because sometimes they also have envy for us. so we really need to be more careful.

We must be careful in investing, we must also add insight in investing and increase knowledge so that we can anticipate fraud. Maybe we are difficult to prevent fraud but at least we have anticipated optimally.

you're right, being careful in investing applies not only to ICO, or other cyrptocurrency, even for all businesses like that. well, but I think we really have to really find out accurate information about a project before investing to avoid fraud that often happens.

in investing with a crypto currency the security of what we have is the responsibility of the investor itself because in the security of the crypto currency there is no institution or person who guarantees security from what we have

The first step in preventing fraud is to be very skeptical on choosing the project you invest in either as a bounty hunter or investors and don't be too greedy in your judgement because if you get carried away with the ambition of getting Rich quick you will fall for scam activities, and also protect your personal information from pinching website's and software.

But there are scenarios or situations that no matter how hard you do research and finding accurate infos about on the team and its business you do still fall
on the same fraud.Its inevitable actually but you can somehow lessen the risk on being a victim if you do really know on what you are doing.

Yes right, do not rush to start investing at this time, because there are many fraudulent ICOs currently on their sales, so at this time I suggest investing in the IEO in Binance, because I believe the IEO is currently very safe.

The risk of fraud is a big threat with all people who are in crypto market and honestly, it's quite hard to prevent fraud in this giant market. Because one thing that we all know that the frauder or scammer are both professional these days. Everything which is related to the Internet all have a bad security as well. We may prepare something previously like knowledge, skill in order to get rid of fraud but we can avoid it completely. I've known many people who have a good knowledge, well-technique skill , but they couldn't avoid of being fraud. 

IEO is the best alternative if you are into investment type of business, as there's chances that you'll be able to multiply your money in a short span of time, you just need to be more active reviewing each projects that has been offered around exchange who are catering the IEO process, binance already succeed with this and if I remember it right Bittrex is also catering such service so it's up to you to grab your opportunities.

Not that it's very safe (since the price of a token is determined by the market after it get listed and not the company) but it's safer than most ICO. IEO is still very new based on the recent hype it just received so investors hoping to use this type of crowdfunding should be careful as well because most exchange will only offer this service (hosting IEO) to make profit over quality.

Yes, I do agree with this reply. The most important is to check legality of the project if the team can show proof about the registration of the project to a certain country. As we all know that due to crypto demand the government has acted already towards adaptability and one of it is that crowdfunded project should be registered in a way that they could not run away and scam the investors in the process.

Yes there are so many people who will read your mind and mostly those get lose and fraud who are greedy by nature and who are in search of anything which can make them rich faster, so investors should know when and where they will have to invest, before investing information gain is also important part to help yourself.

No it is not like this because with miner care and with help of knowledge we can prevent fraud, as we know scammers and cheaters are all around us but we will have to remain active and aware for investing or to select a coin, fraud only makes us suffer if we become careless while investing and saving, or we become careless about security check.

Well, I think putting huge profits into consideration before investing is not that bad, that what everyone will consider first before thinking of investing. What about the SCAM ICOs that would look so promising, even with fair profits ?

I think it’s just better to do a very good research on ICOs before investing, get reviews from old investors to be sure it’s a real ICO. This scam ICO have upgraded and it’s hard to tell the difference from genuine one, they would have all the features of genuine ICOs and maybe they know people run away from too high returns so they make it moderate to attract investors.

It seems to me that the ICO project is the most famous way of fraud on the Internet, and it is very difficult to recognize it, and they improve their knowledge every day, and are improving

We can only avoid fraud, no need to trust the ICO project but have to learn in detail. If we can find out the smell of fraud then we can avoid it and we might be able to report to the bitcointalk moderator or we can enter the part of the reputation thread or meta thread if we have evidence if it is indeed a fraud.

well, jam, we also need to be careful before investing, because it is very difficult to avoid when you are more condemned investment than looking for information. don't be too interested in the benefits that can be obtained, but try to find the truth first.

very easy, keep up to date and the latest news about crypto currencies and blockchain by reading or participating in crypto seminars from trusted sources. do not be easily affected by negative issues or invitations to follow airdrop or bounty that do not have good structure and management.

After the IEO was born, I thought that scammers had no place to live. This is also a good sign and our investors are safe.
But anyway, we need to analyze the token's potential when deciding to buy it. otherwise, you can buy a garbage token that is no different from phishing tokens.

Be more careful in investing, as we know that now there are so many people who are very passionate about investing and not doing calculations so that they actually don't benefit

No matter how careful you are, there will always be a risk, but in traditional markets, a lot of people encounter these situations. Manipulation and speculation are rarely penalized, and in particular small investors are often guided by false and false information in traditional markets. Whichever field you invest, you should be careful and think a lot.

the more fraud nowadays, the more ways we do it. but we must believe that eliminating fraud from the crypto world is enough. not as easy as we imagine.

Agree, always careful when choosing ICO. But righ now many big exchanger launch IEO and i think its safest for us to invest IEO rather than ICO. Many ICOs having a good project and i think worth to invest, with current market condition i am prefer choosing IEO

There is no fixed formula to escape or prevent fraud because it always come in a new form. This is why it is recommended by every investor to stay alert and pay attention to small details especially the URLs they enter to avoid phishing. Also, investors must avoid being too greedy because fraud normally comes with enticing packages to make investors rich fast.

Well even if there is no fix formula for it but still GOD has blessed us with knowledge he has given us mind to decide what is right and what is wrong, so we can search about it on google and YouTube so we will be able to invest safely, I know there are so many scammers in market but we will have to be careful before investing don’t let them eat your profit.

To prevent fraud, you must be selective in using your wallet, because the contents of the wallet are a very valuable asset.
Then protect the maximum and caution against suspicious emails or when browsing suddenly crypto information appears. What is certain is that if you find anything suspicious, the internet is immediately closed and the computer or android restat.

Frauds come in different ways in order to deceive people and in ICO projects are no exemptions in fact these ways are very rampant just to steal money from investors and run away long gone. What makes it sad is that bounty hunters are being used with these kind of people to spread false advertisements just to encourage investors to invest and what's left for us hunters are none and all the hard works are  not paid in the end.

Fraud is a serious issue that can take down business no matter how small or big it is. To prevent fraudsters, one must have audit internally and externally and also scrutinized the management and give rewards to thos people who perform and derserving.

We can easily be fall into that if we aren't in good minds. Frauds is a shady action for those people who wanting to deceive other peoples trust and even not knowing of what they do. Probably, the common victims with these are those person's that are to ignorant and don't have knowledge. They's can easly be fooled and having their trust.
We could only just stop this if we are not in the silence and to engage more in this forum and it surely we've gather more ideas.

Just don't even look at those news, or even if you want to you can just take it as a reference just to be careful but don't go easy to take it seriously because it's just frauds they do want to make your stuff become way worse.

You as well, we shouldn't spread the fraud news so it's not globally affected.

Fraud can occur because of the weakness of the cryptocurrency owner who does not realize that he has entered a cyber crime trap, for example, always responding to emails from unknown people or going to a dummy site that is indeed installed by fraudsters.
To avoid this, you should always know the email, site, or social media that contain malicious links. Don't forget to always update your anti-virus, your password number, and follow the crypto expert's advice that tells you security that there is no fraud or hacking.

there are many hoaxes that have to be filtered from the information so as to avoid fraud from various parties, because this kind of crime or fraud has happened since time ago, not just now, but now the motives are diverse, I prefer to avoid fraud to find information from official websites and don't believe in less reliable news
and don't easily believe in 1 news source

just more carefully, more selective, and more suspicious. it's a trait that can make you more sensitive to projects that smell of fraud.
if you want to know more then find a lot of scam projects, then what distinguishes them from the success project. and you will learn something to prevent fraud

 Precisely, people who are lack of knowledge and wisdom about what he/she penetrated will fall on the tricks that made by the swindler. In order to evade from fraud, we have to be observant the field and be wise to every decision we made, because nothing can bet with a skillful and knowledgeable person who are confident on every deliberations.

Knowledge is power they say, you are right that we have to be very verse in knowledge if we don’t want to be swindled or be a tool for the swindler, we need to keep our knowledge about the cryptocurrency up to date, we also need to endeavor to be a reader and a research, through our research, we will be able to know what others have experienced and how they have been able to overcome it, especially in the area of scam.

Initially I was confused about how to avoid falling into the hands of ICO frauds until I started learning from people’s experiences and advise which I have taken some and applied to my decision and have helped me a lot in getting genuine projects.

Indeed is a lot of fraud and also on crypto, i think all crypto users should inform and take as much security measure they can, they can also buy a hardware wallet to store safe their coins, and alo they should research before invest and check always exchange website if is the correct address.

Crypto is a free market with no set strict rules and regulations to check fraud and other scam activities, hence investors and traders are always informed to take precautionary measures before embarking on any investment. Precautionary measures may include the conduction of extensive researches on the project to ascertain its level of authenticity and potentials.

A lot of fraud has happened in the ICO projects over the past one year or so and many people have suffered because of it. I believe fraud can't be prevented it can be minimized by strict regulations and monitoring.

Yes. In the crypto market, fraud happens in many ICO projects and it really disappoints me. The first is legally, in the crypto market, investors are not protected and it has created a very good opportunity for fraudsters to become more.
When you trade, we also have to worry about unreliable exchange. When investing in ICO projects, the risk is higher. Therefore, we should learn how to analyze risk and manage finance, it will help us a lot in this market.

The worse thing is that in the crypto market, we cannot get strict supervision from the law. that's why scammers often flutter and they can repeat many projects to cheat everyone's money.
The STO project really does not make me believe in these new projects. I think we should be more selfish and think for ourselves more. There should be no confidence in any project in this crypto market.

Sometimes we have a good analytical experience but it is inevitable that things are bad. A really potential project like ARAW has given a lot of promise and their products have been produced and have quite a lot of partners. But the worst is that after the market collapsed at the beginning of 2019, it didn't have anything left. Currently the ARAW business value is only $ 225,000 while they have attracted more than $ 17 million previously. so we always need luck.

Well right now there is a way to join money funding in safer way such as IEO and STO which is more legal and more trusted. So i do think ICO is a bad choices for investments right now, cause its full of fraud and scam.

First of all, everyone needs to understand that there can be no better investment than Bitcoin itself. That is, unlike the case with the fiat currencies you don't need to invest your cash in to assets such as stocks and real estate. If you want to use your BTC for investment in assets such as crypto-stocks and crypto-bonds, then it is your call, but I would never prefer something like that.

I agree. simple to anticipate fraud. we only invest in bitcoin. and this method is very easy without thinking about many things. it's not like we invest in ico, where you have to think of white papper, softcap, hardcap, listing exchange, etc.

Minimizing by doing  actions like this, like what  most of those who suffered being victimized by this act, it's very important to find ways to prevent
this things to happened to you, keep doing research before participating to anything like this.

Fraud is very difficult to prevent when the activities of the projects are always very secretive, they often do not provide too much assurance, the cooperation between them and investors is always based on the main belief factor, want to prevent need as you say, regulation and supervision need to be more stringent. And in combination with that, I think the IEO is a solution to prevent and limit fraud from projects when the IEO allows us to have liquidity when investing, projects should apply more to increase reliability

If we look that certain project suspicious or something that they can't answer our queries will be possibly a way of fraud. We can escape from this if we are blinded enough to think about what will happen to this.

Yes, fraudsters are so smart and they do a lot to twist minds of investors and they don't look too suspicious. We only realize it once we've been caught by them. It is a reality that we can't be denied, we are lucky enough if we are not their victims.

Probably we have no choice but to wait for the arrival of full or at least partial regulation, as well as to take part only in the IEO, and ICO will temporarily bypass projects.

right, currently the IEO is more closely followed by investors. in my mind, we must follow the major path so that our funds are not trapped. by taking part in major activities we can still make money

Making things easier is the best in this case investing in bitcoin is easy because you don't have to bother and worry about the price of bitcoin in the future because it is definitely increasing, but in other views you will at least get an FUD who is always worried about your investment. In this case self confidence is very important and with high enthusiasm about bitcoin then all kinds of negative news will not make you anxious about your investment.

If you want to free from fraudulent acts, try not to enter in an investment. Lol. But in my opinion, being scammed in this industry is quiet usual today. Many scammers with their fake projects are stealing the money of people. I know that a lot of people here have traumatic experience in crypto investment. But you will become successful only once your risk a lot.

Fraud is indeed very frightening for everyone. But actually fraud can be avoided, especially before we decide to invest our capital in a commodity such as crypto currency or token, a product whether we buy it in ICO or IEO, it would be nice if you were careful before buying, make sure what product was produced from the token, how the roadmap, and who the development team is, if all of these things have convinced you you can invest without having to fear fraud.

I think in all investment places or places that save your money using third-party people that have the potential to scam, all have the risk of stealing all the assets you have, when you deal with money there is no safest place in the world because all have risks.

This is very difficult in the process of rules in every country that has different laws. whereas today investors have the confidence to follow investments based on the trust of a proven exchange. in the method of selecting the project itself we cannot find out

That is true, but regulation can can in a chain, not in every country.
This kind of regulation can make the chain more trusted and transparent thus we can avoid fraud.

for me to prevent fraud is by reading , read what site you will go , read what project you will join something like that i guess

ICO projects are now a lot of scams and we need to be careful in investing and analyzing it. If you are unsure about its safety, we can buy a token at exchange, it is called an IEO. it is safer and the percentage of profit is higher than in normal ICO projects.
so to avoid fraud, we should invest in IEO projects.

Fraud are done in the most creative and most believable way, fraudsters nowadays are smarter and they have all the information needed just to sway the other party. We really can't eradicate fraud but the best way to prevent it is being keen and observant of what's going on, if the offer is something that is good to be true then it is more likely fraud, don't get into something you don't fully understand and make sure you have done a thorough research on the investment that you will be entering to make ensure security of your money. Even if the offer comes from a friend make sure to do your own research because even a close friend can deceive you if it is about money.

Its actually hard to determine fraud in real life (im not referring to those obvious scams which has too good to be true descriptions). There are also those ICO projects who really looks legit then exits as a scam. What we need to have is to dig all informations we can about the projects and take all precautions about it. We cannot rid of it fully so we should always be ready.

I have my personal motto. If you don't want to be scammed then stay away with investment schemes. A lot of people are scam because they never study the grounds. They just wanted to earn and because of thay they failed. A lot of existing fraud projects today. And if you are a veteran investors, you will definitely not believe them.

You have to be careful who you talk to and don’t get easily persuaded by some offers that are most of the time too good to be true, always think it through first before making a decision. Be sure that you have an idea of the things you’ll be getting into or investing because the person behind it might be misleading you without you knowing it.

Currently IEO are gaining popularity and are giving good profits but we should not invest blindly in ieo and should study the project first before investing. We should only invest in IEO which are on top exchanges like binance etc.  IEO at small exchanges are still risky to invest in.

We prevent fraud if we not easyl believe to them even they do anything to take your trust. Be vigilant at all times and research always before you participate in anything especially if the involve is money. Be more wise so frauders will not succeed.

Honestly, the best way to prevent fraud is by spreading awareness in the community. Being naive can easily become victim of any type of scam. Scam can also look legit and you'll just find it's a scam after your money was stolen. But if you are aware right from the start of the scam then you will notice the hints or clues of it being a scam. People will always try to fool people for a lot of money when they become desperate or just plain lazy but want to live a luxurious life.

right, like binance that will bring ieo successfully. even though it has not made a guarantee of success. but I think it has a larger percentage to succeed. now it is indeed more attractive for investors to invest their capital, and hope to get profit later

People should do research and after should ask community and even if there is a scam attemp they should always check better and never invest on something looking suspicious.

Scam and Fraud is very hard to be to continue the investigation when heading to the legal path, because of course they have the potential to bribe the judges. Very rarely seen fraud cases that the perpetrator ended up in prison.

We all should have those eyes which can recognize the real ad the fraud people, there will be so many people but we will have to be careful about it, some websites are fraud as they are in market only to get profit with unfair means so we should know about them and try to avoid investing with them, system should ban such people and such websites.

However, people are lazy when it comes in doing research, they just want easy money. That's why they invest on where the majority of people goes. They just go with the flow. This is an example why reading and being aware on the latest news is important.

No one can't guarantee you safety and security and you have to try to protect yourself. Do the background check, check everything twice and if something looks suspicious than probably it is. Don't fall for fast and easy money, fraudsters count on greed and being naive. There is no such thing as free lunch, don't ever forget that.

A must have thing on investors mind and emotion that don't easily fall out with fast or too good to be true returns.

This is the main reason why people do fall easily due to greed and that weakness is being used mainly to deceive people.
Research and experience would make able to avoid you and just be sensible in all sorts of things that looks suspicious on the first place.

@OP i believe it's a great write up that you have here even though i have not had the time to read it all ;D but i believe you are likely to increase your audience on this thread if you can give your texts a little bit of spacing, some paragraphs.

I would read through it all as soon as this is done because i am likely to miss my lines whiles reading this clumsy post.

we have to build our mental and emotion to able facing unpredicted condition and situation in market.by doing this we will not weak hand and panic man.everything could overcome with calm.

The problem here is you invested in fraud, your emotion is not anymore important, even if you hold, you already made a mistake, so you are bound to losing money.

Avoid investing on strange projects. You should always check the liability of the project. Gather some information before investing to prevent losing money. Don't trust your gut feels, always try to look deeper before investing. People nowadays might look trustworthy but actually not.

if we invest in scam projects there is no hope anymore we will get our money back.but if we buying shitcoin there is possibility to get our money although its value decrease alot.so observe and observe to avoid fraud projects.

  Evading from fraud is about our induvidual perspection on the project we are penetrating, we have peruse its whitepaper on how legible it is. Thus, having a lot of knowledge will enhance our skills to be wise on every deliberance and being wise is the only method we can use in order to evade from fraud.

In any case, each cryptocurrency user should take care of their security.  It is care when using your wallets, as well as caution when storing your personal data, as well as secret keys, in any case will improve your security.  In addition, fraud in the cryptocurrency market can be prevented by specifically regulating the process or investing stocks or trading on trading exchanges to avoid fraudulent activities by which they steal investment funds and manipulate the cryptocurrency market.

In my opinion it would be very to stop fraud because fraud has developed very long, and again this deception is a person who has been a bit trained and has committed fraud so that he has no mercy on the loss of others

 i think the best way to prevent fault is the learn the fault it is, like you try to learn to ryde bicycle.
you wont know its fault/not until you experience it, unless someone tell you or you learn from other mistake.

so the most important thing is a very good skill so as not to invest in the wrong project, there are many fraudulent projects that will make it difficult for us to find the right project, so with the skills we have at least we will always be careful to invest

reading carefully , clicking carefully and always be carefull when joining something with your identitiy , reading whitepapper is best thing on joining some project

Not only the whitepaper because some people know how to make beautiful papers but also check for their existing licenses and if those docs are really authentic. In this age, anyone can make papers to look legit. Look for the team members involved and try to contact one of them and confirm their involvement in the project, if you have time to do that. I did that one time via linkedin because I had suspicions. Good thing, that person replied and appreciate my action of checking their existence.

If you learn, then you should not need to wait until someone tell you those are frauds. What's the point from learning then?
By just learn your fault is not enough, when frauds in these days are really creative and packed so they can look like "legit" stuff.

Yes. Currently there are many bad projects being operated and investors still buy tokens and after the project breaks, they blame the project for scam.
In fact, very few scam projects, many of which are projects with bad ideas and their team is not good enough to operate the project in accordance with the roadmap.
So to become a true investor, I recommend that we should be knowledgeable about blockchain as well as crypto for better analysis before investing.

One of the best ways to check and prevent fraud on the market is to stay vigilant and take precautionary measures before choosing to join the investment of a particular project. Never jump into a project blindly or hurriedly. Take time to research deeply into the project in order to come out with a good level of confidence about the authenticity of the project through the studying of the profiles of the team members and coherence in information provided the project on their various platforms (social media outlets, whitepaper, lightpaper, website, telegram etc).

You can't really avoid it. Even if you're a person with a high IQ it's just impossible to plan for every possible way that you can get hit. Experience helps a lot, but in order to gain that experience you have to be a victim.

trading requires very high patience because if you can't control the patience you have then you will often experience a lot of losses and all you have to remember is that trading has a very high risk.

it is hard to prevent fraud. especially in this kind of crypto market and crypto ecosystem that is mostly decentralized. It is really easy to hide your identity to make fraud here. the only solutiion is comunity have to improve their selves and be careful.

identity now become main problem in each crypto projects.bad man trying to create fake projects since there is no requirement to pass kyc for new projects.but now its problem solved since IEO held on exchanges.this is reduce fraud alot.

I guess investors does not have to worry getting scam now as IEO has solve that risk in the market.
At the early stage of ICO, there are fake and legit projects, but if you are wise enough, sure you will not fall for the fake once.
Investing in crypto really requires an effort from the investors side, not just trust what the team are saying, but looking for some feedback is necessary.

I don't agree against it, there is no idea to be a victim first to avoid from the scammer. We have a high IQ and we will know the project is scam it is simple, isn't it? Also with the other people's experiences are enough to telling me the scam project and the legit project. I never fall to a scammer lap just because I learn everything, learn how project it is, the character project and learn from other people experience how they got scam, these things are easy to pass.

learning from other experience will help us to avoid fraud or scamming.IQ didn't important in this market.we just need to improve our skill and experience with trainee it.dont feel give up if we have no high IQ.we just need to learn hard about this market and we will have better knowledge than them.

To stay free from fraud  in crypto requires crypto traders, investors and holders to stay alert. How can one stay alert? This is where investors are required to perform thorough research about projects both new and old on the market. Look out for the team behind their project and their expertise level as this can give a clue about the authenticity of the project.

  Sometimes projects that make a very professional whitepaper and roadmap are really great. but among them there are also scam projects and my advice is not to invest in projects that don't have a big community.
Because community is a very important thing, it can turn a trivial project into a big potential and development project like TRON.
When you invest in such projects, you will be more profitable.

Online frauds are rampant everywhere even crypto currencies are not exempted and infact during 2018 there are lots of ICO scam projects popping out and running millions of dollars  from the investors with hands clean and untraceable. I have joined many scam projects as well, so it was really devastating that your hard work was all useless promotions not getting even a penny as a rewards. Since that year many investors are afraid to invest on ICO projects and many had suffered hard. It's best to stay vigilant and always do research before engaging on such investments before anything else.

more experience more knowledge we got about fraud and scamm projects.traders and investors that already in years in market will have some experience about this fraud.and they how to identify this things.some of them usually active in this forum in board scam accusitions.

yes, it is also needed. but, the most important thing is, knowing for sure, what things you will follow. find out all in-depth information, and conduct research on people who are in it. sometimes, some fraud will create a defect in the concept, or the team inside.

Yes, fraudsters will always be in this world, they are targeting new players who do not yet fully know the risks when they are in the internet world, but the key is that we are not easily tempted by big temptations, but we have to check them so that we are safe from fraud in Internet.

Fraud is everywhere in this money driven world and people tend to do trickery to gain advantage for the seek of easy money, so let us be vigilant and observant before making any investment to avoid being scam.

The issue of fraud is very critical in crypto, hence all crypto enthusiasts are always advised to stay focused in order not to fall victims. There are no 100% guaranteed rules to follow to identify a scam project yet an investor can research  thoroughly about the team members of the project to identify the originality of the project.

I agree with that since it's based on how the team will run the project, although they have a good reputation, that still is not a guarantee that it's a scam free. Only where there is a heavy punishment for the scammers in the crowdfunding where we might see an abrupt decline of scams in the market.

It is truly hard to eradicate the scammers from the cryptocurrency community. As every activity related to cryptocurrency takes place online, it has become an easier way to scam common people. Particularly people request to invest on their projects through dm, never fall for their sweet words. If you go through the project it is impossible to find even the announcement thread which confirms the lack of legitimacy.

Now that MPCX partnered with IBM I can see investors using AI trading earlier...

as far as I know even though we are all advised to be careful not to become victims of fraud. but sometimes we don't know where a fraud project is and which isn't. because almost all of the projects sometimes convinced all of us so I thought everything was difficult to predict

all projects look good in early start.we could not identify which is fake projects.the team look like very convincing so there is no one thinking this is fake projects.only experienced investors that have strong felling about it.

Actually there are too many fraud here in cryptocurrency and there are many ways that they can do it. Yes, this fraud is one of the hindrance of cryptocurrency development though we cryptocurrency is still developing and eradicating the fraud. Others had already combine anonymity and KYC to which it will not create identity compromises by having a platform that will allow one user to be anonymous in every interaction done in a certain platform.

fake developers team now has quite smooth to trying exit scam.usually they will listing their tokens or coins in pitty small exchanges, and after that slowly they will left their projects.no communication between dev team and investors.i've seen many scam with this methode.

To prevent a fraud, you must research thoroughly on that particular investment or business that someone is offering you. Don't put your money as long as you're not sure where you'll be getting the profit. Don't be amazed if he offers you big amount of return that is too good to be true.

we have to learn from other traders experience.each person have their own experience.whether good or bad experience there are important lesson for us.and then we have to take summary how to prevent fraud by our own strategy.

One of the best ways to prevent fraud is to stay vigilant and not to rush into new projects. Take some time to research into the project, ascertain its authenticity, potentials and capabilities before joining its investment. This is a basic concept to follow to prevent fraud or scam in crypto.

our research will make us find the wrong thing in projects.deep observation and research really give us much benefits.without this thing we will often to face fake projects and make our money loss.

Adding suggestions, if we don't have the ability to do the analysis because of lack of ability and experience, then I suggest you to take an analysis of those who already have experience as a Hunter bounty or Investor.

That is right, you can just ask people about that certain project or site you will be investing in so you will know if that is legitimate or not. It doesn't matter how long they analyze the site as long as you are safe and your money is not scammed. I guess you really need to know those things so, in the future, you will not need anybody to analyze a site for you, you can help them and teach them about it.

actually fraud is sometimes difficult to handle. the problem is that fraud sometimes we predict sometimes there are also no signs, even though we've been careful just sometimes fraud is in front of us. so in my opinion dealing with fraud is sometimes difficult.

I'm actually agree on this point because there are really some circumstances on which no matter how hard you do search or make
yourself aware you cant still avoid on not to be victimized by any frauds which are very sophisticated when it comes on hiding their
obvious schemes which do able to fool or make you believe.

There are some people that is good in social engineering. They are good at talking that they can convince someone to fully trust them and invest their money to them. They are even reputated that boost their influence. People that are in desperate need of money are the most gullible to become their victim.

I think to prevent frauds one should only trust people after they fully know 110% that they won't cheat even if their life was on line .
These kinds of people are hard to find even if you realize that they have good connections with you and also their reviews with other firms are good , at the same time if you think the work environment is very healthy and it's not about bossing people around but it's about cooperation .
I do think that this will make people more responsible and if someone likes what they doing and also at the same time likes for whom they are doing , it won't only prevent frauds and all it will also increase the growth of the company.

Those who are desperate and not thinking we'll are mostly being convinced to invest with something that they are not full aware of, sad to say that those who are in needs are mostly being victimized ending them up with no hope since scammers are really good from what they are doing.

It is hard to spot fraud nowadays. They became wiser and more strategic. They seems to be organized and can look like or even better than the legit ones. So everybody must be extra careful. If possible, never miss a detail about it. Sometimes we became comfortable when we were convinced that a project is legit. Fraud don't look like fraud in the start. But it will eventually, So we have to watch out time after time.

From the initial preparation and also the mechanism indeed already has the intention to commit fraud. and this is what is happening nowadays where most projecks are a scam due to that. we ourselves as investors must be more careful when interested in investing. not arbitrary in putting money into investments with high profit offers

Well, I think the topic is more about fraud, not actual trading. There's no fraud in trading. It's just right and wrong decisions.

You are right, manipulation in trading cannot be called as fraud, as a trader we should be aware of that so we can make the right decision.
Trading is like gambling, you don't look only on a limited factors, there's a lot of factors to look, and that includes price manipulation which is hard to guess by looking at the graph alone.

It is not easy to prevent fraudulent acts yet still there is a chance to avoid them. Cryptocurrency is full of scammers and hackers. If we are too ignorant or not a speculative person, we are more likely to engage in frauds. Some of ICO projects is one of the example that we will always experience frauds. Even we are investors or bounty hunters, we always deceived by this fake developers.

Fraud, scam and hacks; those are the primary crimes happening in this industry. I do not know until now, many people are still experiencing of a scam. We should be preventive. Do not easily attached with strangers. That is my motto! Because even that stranger came to my native country or region, he still have the opportunity to scam me. They just pretending to be humble person at first then they will block us later. I thank God because until now, I do not yet experience to be scammed in money but in bounty, I experienced many times.

If we are talking about hackers, that we should be more attentive to our personal data and not transfer them to anyone, In addition, the storage of keys, as well as the creation of passwords should be very serious in format.  Regarding fraudulent projects in the cryptocurrency market, I would like to say the following that without legal control of the market it will be very difficult to get rid of this problem.  Initially, each project must be registered with state institutions, and then we can legally protect our rights.

The only major way to prevent fraud in crypto is to stay alert and become ones own security because there are no softwares or programs to check that for investors and traders. Refrain from enticing offers sent to mails from unknown sources because these mails may be containing files which can be phisphing.

against fraudsters need to take tougher penalties, I doubt that a person will want to commit fraud, if he knows that it can be put in prison for the rest of days. I hope that such laws will be adopted in the future. then the world will be better))  ;)

It is expected that in the future crypto will be regulated, otherwise we won't be able to use it anymore because they can also ban this if they cannot regulate since there's a big interest among users already and without regulation this illegal activities cannot be controlled.

Fraud is an old problem. And this until now is very difficult to eliminate. I think security is the main thing to store digital assets. I am always cautious about doing things and not being easily tempted with results that are of great advantage. I am grateful that until now have not experienced any fraud that made me lose a lot of money.

It's hard to prevent fraud due to a fact that people have different issues. We can't deny it because even we already issued a warning, some will always doesn't follow rules. This is how life works, there is always a victim and nobody can stop it in 100%.

This is just part of the security measure in your account in a certain exchange, but when the exchange is a fraud and you put you money with them, that authenticator is just useless. What we are talking here is the entire fraud scenario that is happening within the market.

Yes, it may be an old problem but is still present up to this day. And since we are now on the digital age, of high technology, even the wrong-doers are already tech-savvy.  This should be a warning to everyone to be careful in there personal belongings, especially when it involves money. Never let your guards down and always be cautious.  

It seems to me that at certain points it is not difficult to punish a fraudster, but we need to think about how to prevent fraud or how to protect our personal data, secret keys, passwords or funds from loss.  At the moment I do not see any way out of this situation, since each of us is still at risk, even if he takes the original precautions.

It seems to me that to work in the cryptocurrency market you need to have a separate device from which you can not visit any other resources, except to have original links with bookmarks to the resources that you use.  This is to save you from visiting phishing sites.  Even Google search needs to be carried out on another computer or smartphone.  Leave your work computer just for work.

It's also a good step or way, but we can't conclude that everyone has a separate device to work in and enter a new link or whatever. So, by using a device that is basically only for personal and as long as you are always careful I don't think it is a problem. Avoiding or preventing fraud depends on the mindset and greed that exists, if it can be controlled properly I am sure it is the basis that at least must be possessed so as not to be fooled.

It's the same in my county, rich people are getting richer, usually the politicians of the ruling party and their families and close friends. I don't know what needs to happen for that to stop, cause it last like forever. Scheme is the same, just new names are on the paper, I think I will not vote anymore.
Frauds will never stop, at least I don't see the wns of them. Maybe with some new system we can have less frauds, but who can five any guarantees about that, we can just hope for the best.

Skipping your vote will give better chance for the fraudsters to rule again,so in democracy everyone have to vote which could make the difference at some point not immediately.

Don’t believe your caller ID
Spot imposters
Do online searches
Don’t pay upfront for a promise

To prevent fraud we  must ensure  we  avoid hasty decision, research, think, observe before investing into a project or platform, also ensure you do not fill your details into unknown and unverify source. Prevent your personal data with upto date antivirus.

To prevent scams from ICO projects or lending programs, the first thing is to carefully analyze the type of business as well as their team.
Check everything carefully and get their whitepaper to see the token lock time and some plans in the roadmap.
If it doesn't make sense and they only care about how much capital they raise, be careful because it's a sign of a scam.

More precisely, what you say means that in a world where people always set rules, no administration or government can participate in this game, preventing fraud can only be an individual's act and consciousness, it's clear that we will need to learn how to identify fraud and stay away from such issues. And when it comes to perceptions of each individual, it belongs to each person's right, protecting ourselves is primarily, not protecting others, we cannot afford to pay attention or completely stop these frauds when this is a black market without rules.

Whitepapers and road maps aren't a hundred percent guarantee the a project is legitimate. Sometimes fraudulent people do take time to make whitepapers. It's better if you research on the people behind the project. That's where you'll see if they can be trusted with your money. A project with a respectable and honest team will eventually have it's own value.

In these days, is really hard to find a good project. Many of them are just scam.

You need spend a lot of time to reserch about the project and people envolved with.
But, sometimes, when you think is all ok with the project, the team cant put the project to work.

Yes, there is such a possibility, we have to examine the projects in detail.

But I don't do that anymore. I only work with projects traded on the exchange. I'm especially interested in projects that have proven their worth and are listed on exchanges such as Binance and Huobi. Because these exchanges are doing all the research for us.

Do not give your personal information on sites that are suspicious. Be aware on everything you go and search thoroughly about it, read feedbacks if available for you to know that it is not a fraud. Do not believe easily on what they offer because it is just a bait to catch attention and ready to victimize you.

Nowadays, scam projects are everywhere. You should always check for its legitimacy beforehand. Better to ask someone that is using that platform so that you will have an idea what's going on inside. You should always analyze the mechanisms(how it works) and also the team that you will be working with. Knowledge is a very essential tool in order to prevent fraud.

What many people do now is be realistic about a new project that offers an unnatural return. and also understand who they are and who their development team is. we can't just trust a project that's not clear. and fully understand the cases of the upstream cases. mostly they are using the same system.

Scams are present in all sectors, and usually the scammed person is equally responsible for the scammer: he did not inform himself, he believed in fantastic promises, he was not careful.
Then, in the "normal" world the company tries to protect the stupid from their own stupidity, in the crypto world this is not possible.

Fraud always exists around our lives. to prevent this is not possible. We can only learn and regularly read the news to avoid being scammed. Knowledge is the best thing to prevent fraud.

Fraud is prevented through regulation. The more our industry grows, the more we will be regulated, and ultimately fraud will be much less common. However, fraud always exist no matter how much we work to stop it. There is always someone who will try to commit fraud. With that said, on an everyday basis, it is becoming less and less of a problem in the crypto industry.

With your statement it's very important not to allow yourself being dumbass entering the industry without solid knowledge about everything around. You'll be able to prevent those fraudulent activity if you are well informed and you do have a good background checks of the business itself and the team behind.
Having a good understanding helps everyone to avoid being a victim of any bad activities that causes losing your assets.

I like what you say here, it`s not possible to prevent fraud. They existed before, they will be here in the future, and we can`t do much about it. Education, knowledge, awareness is the key to prevent yourself to fall into the trap. I wasn`t careful before so I was scammed couple times, I mean about cryptocurrencies, I trusted people too much and I got burned. Now I`m extra careful!

Detecting fraud is difficult even in ICOs. Pleople gets scammed easily by creating good team profile, promising project and enticing offers during ICO. That is why investors kept away from ICOs and IEOs started existing. Just be careful and make sure to make your research before putting your money in any project.

Since i joined in bitcointalk, im seeing scams. Im a victim of few of them.
Its pretty Hard have 100% about a project.

You can try avoid This, but nothing is garanted.

You can detect fraud in ICOs by doing a background check from the team behind the ICO. You can search their names online so you can get some information about them. Thus, you can really tell if they are trustworthy and if they have enough credibility. Investing needs a lot of effort but it is all worth it since you can avoid the majority of frauds and get a really low-medium risk with high reward investment.

Exactly, extensive research is most important before making any commitment. I have seen many ICO's failing and most them are just fraud but you can prevent yourself from getting into it by giving a deep analysis to the background of the team behind the project's development, their past record, the kind of services and products they offer. However, a risk factor is always involved but with this, you can reduce it to some extent...

Frauds comes in many faces, the government, businessman, schools and a lot more. Nowadays, money is everything which leads lots of people into committing fraud without even sympathizing those who will become the victim. In crypto, ICO scams are everywhere, you cannot fully trust one of it not unless you've carefully read the whitepaper and the background of the people running it. So to avoid it, get more information before risking, it wouldn't be a waste of time for sure.

Yeah that is true there are alot of scamming project which are being use by mean people but we should only try to avoid them and stay careful about investing our money. Bitcointalk.org has given us so much about security I feel safe about those project which belongs to this forum. I am sure a few years later Every thing will be solved as now forum is working on this issue.

Probably one thing that that could minimize ICO scams and other crypto frauds would be some sort of government regulations. For example if all of ICOs had to be approved by SEC or other government agency it would be much harder to scam investors

Preventing fraud(?), I'm skeptical about this.

We can't really prevent fraud, considering even after dividing it into two categories and still fail only shows that you can't prevent it at all. I am not saying that this is useless at its core, but instead, it reveals what we must do. We always have to anticipate these kinds of acts. If you can't entirely prevent it, then cut losses. And what I mean about that is, deduction, don't overly confidently invest into something that you think will give you "easy" gain. I would also suggest spreading your investments, don't just focus on one, just because it has the potential to give the highest profit doesn't always mean you should go all-in.

You can easily identify if it os fraud or not by analyzing and researching well about the ICO. There are now a lot of victims because they didn't study well before they put their money in a fraud project.

Need precision in determining project ICO, IEO, and STO. For me, a good project is certainly those who have real products. But research and analysis are very important to do to prevent fraud.

Perhaps if they are unsure, it is better to try to follow the gift and not invest. Investment of course risk could be losing money if this project is fraudulent. But if they follow a very small risk bounty campaign and they will only lose time.

We need to have a deep research in every ICO or IEO we are looking for or we are going to invest with our money even it is a small amount or big. Everyone should know and be aware in his sorroundings, we need to know that nowadays people are so bad they will do anything that can fool you, especially when it comes to money, here in modern world where bitcoin is a good source of money we should notice that many scammers are there and we should be careful in every actions we are taking we need to secure our wallets, avoid clicking links that can get your details avoid talking to strangers that will promise you that you will become rich in a small span of time.

Though you will spend more effort and time to research, you will still fail when you invest in ICO, for one reason,.. they are not selling anymore.
We are now in the stage where ICO is slowly moving out while IEO is getting in the market and its more popular now.

Every investor has different mindset, some would go for short term investment while others will go for long term.
At this stage now, it's hard to choose a project that will succeed in short as majority will fail, but that does not mean they don't have a potential int he future, thing is, now its still a game of hype.

I would say be careful while choosing a project/ICO, but even then there will always be a risk as it is a market without strict rules and regulations.. So we can't check fraud and other scam activities. I hope that IEO is a solution to prevent or just limit fraud and scams.

Somehow we can't blame them since most of the newbies has been invited by there uplines and gives a false promise that they earn a lot of money by doing nothing, and newbies should learn that there's no easy money and always think twice on to good to be true offers since it must be a scam if the profit is huge in short time span.


To get away of scam then newbie should really stay away on ICO's since 99% of them are scam and best for new comers is to learn the trading since its more worth and profitable.

This information was very useful especially in these days. We should be very picky when choosing ICO and investments. A lot of projects doesn't really have a unique feauture compare to others and what they only do is to make project and  get money from investors. This was really happening today that is why we should be aware in this scams and fraud. It is better to have a research first before investing with this projects. On the other hand there are still ptojects that offer great features which really help us

It's very well said, isn't it? Every one of us have different strategies and technique not to fool fraud. In my own opinion, in order to avoid or prevent fraud, you should always do some research or background check before you are going to invest or pay. That's is very important and also don't you ever give your personal information, username or password to someone if you don't know him better. Just take even 1 day of research about them, in that way you can lower the possible risk.

I am sure that ordinary people are losing their money, who are being deceived and who are not connected with the activities we are engaged in.  The cryptocurrency user community still exchanges information about different situations and is constantly trying to protect itself.  Therefore, people like us are minimally in the danger zone.

In these days, many things come out because of some invention and development made by some developers. We should think before we do certain things. To keep and prevent fraud, we should be careful when we talks abouy financial because there are many people out there trying to steal and do wrong things in other people.

In my own personal opinion, the best thing for us to prevent fraud or illegal activities that we should better think before we click meaning we should be more careful in visiting in unusual and unsafe websites for us to be more safe. Always read everything in the site before clicking the agree button especially if you need to submit a personal information and a transaction.

nice advice bo . indeed reading instructions is the most under estimated way to avoid frauds  . its easy to say read the rules and the instructions but i believe that only less people are doing it because the posted rules or instruction are sometimes too many which result for the reader to avoid it or they will only read the starting part . 

but no matter how you avoid vising unfamiliar sites , frauds will sometimes the one that will come to you . like for example when there are people that will come to you and ask you for stuff like this and that  . this is why we should be careful at all times .

That's the beauty as well as the curse of Decentralization. Every action you made is all in your shoulders.

But it's a given that 90% of ICO tend to fail. Because of the planning, they overly hype almost every ICO. And this mistake repeats every time. I am not sure if the whole plan was to just raise the funds and then get out. Because there are a lot of cases like that. Bunch of scams, and what's worst is that their own accounts in this type of forum are applied to these ICOs.

On top of that, it results in a lot of Spam posts all over the place.

indeed this is very unsettling and can make a bad influence on others, so far we are almost fully aware of their game and on generally don't want to be transparent about project development
it could be that people who are trapped then are no longer interested in cryptocurrency and that we don't expect it

This is the internet. Anonymity is part of it. You can't just DM a project and request for a "transparent" response of their plans. In these kinds of platforms, scammers are everywhere.

No, we are not fully aware. No one can ensure everything, who knows maybe Bitcoin is a big fat scam in the end aswell. But I hope that's not the case, I'm just giving you insights.


What do you mean by this exactly?

fraud cases is not only with bitcoin but also many time fraud happen with money transaction, many kind of investment today never give back profit for investor after invest their money to the owner, they use member investor money to get rich for his self and do not care what happen with their member.

In order not to be deceived, you need to be very careful when choosing a project, even one that already exists out of the top 10 coins, although they have proven themselves in time, anything can happen in a long period of time, the project may disappear and another one will replace it. Therefore, neironix advises to thoroughly study the project, team and their finished product.

That's why the investing was really risky for us to being prepared in order to have a knowledge about investing because investing was not very easy and sometimes a project that show you profitable but it's not. You cannot stop fraud but if you have a rights then that will be good.

Be careful all of the time, after it, you must fully know about the project in which you want to invest your money. Simply read all of the comments that users left or feedbacks about the project, search on the internet more information and check the career profiles of the founders.

Investing in digital currencies is not risky at all and neither bitcoin is any sort of fraud. However, is someone scams people and grabs their bitcoin, this is a whole different story. People who were afraid of investing in bitcoin are also the ones who regret not buying it when the price was low. The crypto coin industry is full of opportunities. Getting some knowledge and investing into the right coin is working way of becoming rich.

It risky in the sense that the price is so unpredictable and that it is not a good price always but not because it is a fraud. Bitcoin is never a fraud but a lot people are using it to scam people that is why before investing in bitcoin you have to make sure the project isn’t a scam or if you want to buy bitcoin from someone make sure that person is trustworthy. It is very important you are knowledgeable enough when dealing with bitcoin or other cryptocurrency.

The best thing to prevent fraud is by avoiding the things that are new to you or things that you don't have any idea exactly what it is, so you should better ask questions with your friends who has an idea about it or ask people in online like here in this forum for you to know if it is legitimate. The reason why a lot of people get scammed because they like to try things that are new to them and they think it could be profitable to them without thinking wisely if it is really legit.

It's okay to take risk when you are new, but not taking risk without any knowledge at all, that you don't even know what is the project all about, who are the team behind it. Losing in investing or trading will make us stronger so it's okay to make mistakes sometimes, but let us not just forget that there is a way to avoid it, if we have been careful at first. So, let's be very vigilant in everything we are doing.

This is very interesting. Today my main strategy is to go after photos or videos of project members interacting with other people at events or lives, usually anyone who wants to take a hit hides behind a fake wp.

There are lots of projects out there and you can actually recognize which is legit or not. You can read the whitepaper of that particular project because all of their plans and their target is all stated in whitepaper, you can also visit the website itself so you can read some of their plans, because it is also stated there. You can check if their offer or bonuses is possible, what I mean is that they are really gonna make that happen?. In this sector there are lots of fraud so we should be aware of our decision especially when our money is at stake because one little mistake can loose all of our money.

Agree with you if we have done research about what are the advantage as well as the disadvantage of crypto we will understand well that volatility is normal, and we should realized how traders or short term investors is taking this as an advantage to earn more, we should realize that everything is normal and we should find some time to make advantage to the volatility as well. For, preventing fraud doing proper research should not be done in just an hour or a day, it takes time.

Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.

I learned also that once a project has not launched yet, but the price was pumping, meaning to say that the team was just pumping the price and they care too much about it more than the development, because real project would like to develop first then the price will follow once they have proven themselves, so I am very careful for now and as much as possible, I am not investing in a project that has not launched yet.

This happens a lot with icos, the price of the coin begins to go up and yet the developers have not released anything of importance, when I see this I immediately think there is a pump and dump going on and most of the time I am correct, then what we can do to avoid losing our money when we watch this? Avoid the FOMO and think what could have made that particular coin to go up in value and if you find nothing else but manipulation and hype then do not invest in that coin.

indeed what should make prices go up is from the development of the project and from the increasing demand, if a project can create a solution that can be used by many people then it is certain that the price will be very expensive and the number of requests can be one of the reasons for rising prices.

Yes. Control all of your emotions to not get be in the FOMO train because if you will jump into the hype because of fear of missing out then your money will be drain by the manipulators in the market. You should be investing and jumping into projects that are really proving that they are working hard to achieve all of the goals that they set.

We cannot avoid FOMO and FUD in the world of trading or cryptocurrency, if you join FOMO a coin make sure you don't want too much money,
it will become your own weapon, sell if you feel you have enough and go away from FOMO

Yes, we really should search Google for ways to avoid investing in these types of scam projects. There are lots of bloggers at google who make quality posts on analyzing ICO projects at hot times (2017) and it's really helpful. I have read it over and over 100 times to help me be more careful in investing. You can search in the link below, it will be more complete.
https://cointelegraph.com/ico-101/how-to-choose-an-ico-to-invest-in

You should be suspicious if you see something on internet that offering high returns in just few days or weeks. There are many frauds issues because people do not considering the risks. We should always be careful when we are putting our money in some investment. Scammers are increasing so we should have knowledge to protect our capital.

Agreed and a lot of crypto project do the worst thing. a lot of victims in 2017 are being mad and fall into peices on investing in that year. a lot of scam projects came out flowery promises are everywhere. but until now there still a lot of victims and still not avoiding this project scam. this will still continue in the time that everyone be aware of the frauds that are being perpetrated against them. so hopefully in upcoming new year everyone is improving and scammer will disappear slowly.

there are many frauds that happen in the past years and it causes fear to other people and that's why they are now afraid to make investment in the market. Misinformation and misconceptions are both factors why people are getting fraud. It is better if we know what we are doing in order to have a profit.

Which we cannot blame every people, every investors to be fear with what had happened over the past years, many people had been depressed, many people becomes tired and had lost a lot of money, so of course this scenario that happened to their life will for sure they will share it to their friends and relatives which will become frightened and instead of having the courage to invest they will lose hope.

I do agree that there would always be employee inside a company that were engaging and committing fraud most specially those person who are the least expected ones but if you observe carefully those who you think the people who are in dire need of money, they were the usually ones who are tempted to do those heinous crimes regardless of what their position are.

That's the wrong mentality.

The person who has experienced this unfortunate fate should not be a contagion. What that person should do is to make them aware of the possibility and to expect that something like this would happen. It's unfair for those people who are interested in investing. I always believe in the dilemma "Just because it happened to you, it doesn't mean it will always be the case".

Sharing the words is a way of spreading the awareness.  If someone can get benefit from our experiences, then we should not resist from letting the cat out of the bag. Each matte can be looked from different angles and only pessimists will focus on negative side. Investors should be more careful with their decisions and go for options that are supported by a huge community.

But then again, people tend to be depicted as "white sheeps". If a person told someone that a certain something is terrible they would easily believe it even though they didn't even saw/heard for themselves. It's easier to doubt than to trust after all. But then again that also depends on who says what. If the said person have closed ties with someone who is being told to, its really obvious that that certain someone will whole-heartedly trust the said person.

The fact is that compared to 2017 and 2018, fraud in the cryptocurrency market has become a little less, because investors have become more careful in choosing new companies to invest in.  Of course, scammers today come up with various ways to deceive cryptocurrency users, but nevertheless, in my opinion, the scale has become a little smaller, although it has become much more serious.  And most companies do not show good results and disappear from sight after their announcement only due to the fact that the cryptocurrency market is in very poor condition and most potential investors do not express a desire to invest their funds in low-potential projects.

We can avoid being part of FOMO and FUD and the only way in which we can do this is to control our emotions, whenever you see the market going up really quickly people want to be part of this because they think of all the profits that they can get if they are part of the market but in most occasions when that happens you are already too late to enter the market, and if you do, you are only going to get losses but it is very difficult to resist the impulse to join when everyone else seems to be getting huge profits by doing almost nothing.

The number one thing you can do is educate yourself on the most basic principles of cyber security which seems like something that not even large Bitcoin investors will do. Cyber security is not rocket science and doing a bit of research before pouring part of your life savings into an internet currency that's irreversible does not seem like bad idea. A lot of fraud stems from hacks and it ultimately boils down to people not being responsible with their funds. You can't just store Bitcoin in a bank and call it a day. A Bitcoin holder is responsible for their own funds and if those funds get stolen, no bank or exchange is going to help them out. On top of storage security, following common sense always goes a long way. This includes NOT storing large amounts of Bitcoin on exchanges which almost always result in losing funds. Exchanges are not meant to be long term storage facilities and should be used very solemnly. 

Yes, we cannot stop them from doing bad things that can affect us and their other target, but we can avoid that thing to happen again, we need to know everything and be aware in everything starting now, when we already fail on something or been scam better to avoid that to happen again before they target you again.

After many victim on 2017 with bitcoin have down to lower price make many people look fraud with investing in bitcoin or altcoin, they will think the same moment with 2017 when bitcoin down suddenly will happen again, I think is not fault by investor because they have faced moment with bitcoin down but we have never give up with bitcoin and altcoin investing.

People always remain in search of those people who are not aware of people. We should make research before starting and make research on Google or any other project. People try to make money from other people by scamming them so we should get involved in real projects only and use them to get profit in real way.

What people these days missed when investing, the researching stage. It's been a long time that we are sitting in front of the computer and still got victimize by scammers. Frauds can be prevented in a way that it will start from you. Experienced people can already sense if what is happening is a sign of scam, experienced people learned from their mistakes. I guess it's part of becoming a investor, that needs to overcome as time passes by.

Frauds are inseparable part of cryptocurrency market, which still develops fast. Who has never encountered any crypto-related activity which seemed to be suspicious? The thing is to make people more aware that the internet is full of any type of scams, from coins stealing, pyramid schemes to hacking accounts so on and so on. It could be hard or even maybe impossible to eliminate it totally. However there are companies set up strictly to prevent frauds, money laundering or reclaiming stolen cryptocurrencies e.g. Coinfirm. Company that gained popularity through business partnerships with platfroms like Binance, Kroll, Coindeal, RSK, XAP, Cointelligence. Generally- interesting topic, hope in the future the internet would be a bit safer place, if you are interested in such activities, you can find more information on their website: https://www.coinfirm.com/

Actually they have educated themselves and many have known about cyberspace security. But they underestimate the important things and believe that their assets are in a safe place while the scammers always have many ways to hack the system.
So when holders of these coin holders lose their assets whether in personal wallet or exchanges, they can only blame themselves for their carelessness.

It is not the problem of digital market only but scams have remained with us since the beginning. It is in human nature to deceive others. People like to snatch money instead of making because this way big amounts can be made in lesser time. But this does not mean that the coins are not good or the technology has opened more ways for the criminals. Like every thing, crypto currencies has its own pros and cons.

Informative post,As we all know its era f globalization and we live in global village its because of internet.If we avail the best opportunities while also there is risk of frauds so just believe in real and registered projects and don't believe in a person but the organisation having physical existence and worth.

I once thought like that, I think it's quite safe and impossible to hack, but I got hacked, then I also got a scam investment. but from all that experience I learned to avoid fraud. because in my opinion, the experience will make people more aware and concerned. but if everything we do is right and still gets fraud? who is to blame? even big markets often get fraud.

Only focus on mainstream coins, hight risky means high profit, but you must have rational brain like computer does or you won't esacpe from probability.

I think it will always exist, we just need to be careful.

knowledge is so very important this day because of any fraud we heard outside and inside crypto. we cant stop this kind of people, there are always there to warn everyone that they need to gain lots of information. for me it is good to listen to them sometimes because we can learn everything from them and we can think much more on what move we can do.

As long as there are markets and there is money involved in them you can be sure that there are going to be frauds all over the place, what you need to do is to protect yourself, and while many times we discuss the ways in which you can protect yourself with the use of technology, we do not discuss how you can protect yourself by just using your common sense, and this is really important especially when it comes to investing in icos that despite all their claims most of them are just scams.

Indeed. We cannot stop the people who are scammers and planning to scam or fool other people. It is on us on how we are going to react into different circumstances in the market and how are we going to have enough education in order to identify the real opportunity to a fake one. We should be responsible to ourselves and that will be the key to prevention of any fraud or scams.

But we can do something to stop them and that is to share to people that they are not worth it to invest at after we've done our own investigation and we have proven that they are scam, so better to use friends and relatives and share here or in all social media so people could be aware and can find those things once they do their own research. Let's do our part for this to help people not become victim.

sooner or later this type of investment will be abandoned by many people, signs such as a decrease in trust is evidence that the public has been aware of the fraud.
nothing is safe in this world, there will always be a fraud. experience is very valuable to learn to at least avoid or minimize the great risk of fraud.

Indeed a lot of fraud occurs in the world of cryptocurrency, especially in ICO projects there have been many incidents of fraud.
This can have an effect negative to the views of ordinary people about cruptocurrency. To be honest, it is very difficult to eliminate
or eradicate scammers, because they are everywhere. So we better prevent it or avoid fraud, by being more careful with projects
that offer prizes to good to be true. Usually HYIP sites that offer rewards that don't make sense, like doubling our capital within 24
hours.These are the characteristics of fraud.It should be avoided.

to prevent it we must do research deeply , dont miss even small think from crypto projects. At this moment many fake projects prepare their document perfectly.  More attention from us to projects and finding something wrong will make us safe and free from fake trapp. Fake developers trying to make investor interested to them and if we have more research and data we will easily identify it.

knowledge is the best way to dodge fraud. and where ever you are, in any platform, there are many fraud that hunt ever person move. ask to someone that know about that thing, get more experience to make yourself expert, and sometime, you need to be victim to get more experience

Just remember that If it's too good to be true then it is fraud  ;)

The things that are being branded as frauds should not be the investment (crypto) itself, they are but mere tools, the ones we should be aware of are the people behind it. And that should be common knowledge. People forget that "people" have the ability to commit fraud, not the items presented--they're the ones who operate.


Then again how can one identify if it's good to be true? After all, there's an art for mischief.

Knowledge is power, if you have right knowledge you can easily avoid scam projects. People are becoming blind to rewards and that's why they keep losing in fraud projects. Remember that the scammers are becoming more intelligent than before and there are studies saying that the victims of the scammers are keep increasing because of the investors who doesn't have right and enough knowledge.

With proper study, by making your time valuable and studying a lot of things, it will make you confident and can easily say no to scam project and I have seen this to some expert people I introduced a project to them to have a look at it but after scanning they can easily say to me that it was a scam, I told them that ' NO ' it's not a scam as it has office, real product etc etc, and they explained to me why, then after few months they were really right.

If it would be so simple to avoid fraud in the cryptocurrency market, then this topic would not be so relevant today.  As a rule, more fraud is received by ordinary cryptocurrency users who invest their money in new projects, rather than large whales who possess large volumes of the highest rated cryptocurrencies, which do not raise doubts about future prospects.

New projects are sometimes difficult to analyze. and this is where many people fall into the scam project that eventually drains their money. it's safer to invest in coins that are already trusted, but the problem is many people want to get a satisfactory return, so they are following a new project

If we will invest in learning first before investing in a project then we can avoid scam project. Proper information and knowledge will help us to identify the worth and not legit project. Nowadays, it is really hard to know if the project is scam or not because the scammers are becoming smartful and skillful than before.

There always be a chance to have employees who are working with other intention in company. That is what we called inside job. They committed crimes not because of poverty but because they are greed of money.
Many fraudulent acts goes on nowadays and investors or customers are always the target. These victims are disappointed to the system and in result the company itself loses trusted people specially investors.

When people are not contented with the money that they are earning and that they want instant money and they are too greedy, remember the 'Karma' that has something to do with our life, so they might be happy now because they do have a lot of money, but remember that Karma is always around, it never forgets then for sure one day  they will lose something much bigger than they got.

I agree with that. As much as possible, we should always do things in the right way and do not take advantage of other people just because they are greedy or they want an instant solution. Instead of taking advantage, we should educate them to be more responsible in their decisions and also to learn how to manage their emotions so they will not have a high chance of getting into fraud.

And very few people have the ability to be able to tell if a project is real or if it is a scam, and yet they still decide to invest in those projects despite all the facts that are known about the ico and the ieo market and the huge number of scams that take place there, long time ago I understood that I was unable to tell if the project was good or not so I took the only rational choice for someone like me which was to never invest in icos ever again despite my desires to do so.

Indeed, people should be careful while they're investing money and joining some company or ICO projects, because it can be fraud and you'll probably will be scammed. Everyone who wants to work in ICO project or any other company, has to make his theirs own research to find out if the project is legit or not.

Perform a background check for the project or any investment that you are trying to get into. Frauds are everywhere and it is our duty to be careful and to make sure that everything is alright before we trust them with our own hard earned money. Do not get greedy with the quick and huge returns because if it is too good to be true then it is probably a scam.

But now the ICOs become more difficult to know if it is legit project or not as more and more ICO become deceiving. ICOs back then can be easily distinguish if it is real or not by some factors like the webpage is well created, devs team are responsive and whatnot unlike now that every ICO looks so true that investors tends to overlook the possibility of the project a scam because of expecting a high return on their investments.

I hardly believe that ICO these days are working or legitimate as I already got scammed and swear not to invest again. Not until I've see the altcoins performing well again.

I think if there is an ICO that has been successful can be counted in fingers only, I haven't heard much of any ICO who become successful this year, I only heard one of it but I don't know how much reliable was that as they can easily manipulate and tell people that their ICO has been successful just like how scam project did to manipulate investors.

This is a major problem of our nation that people take advantage of innocent people and make money by making them suffer from fraud. We should be careful and make a research about any project that we are using to invest our money. Right now on Google, there are so many sites that give knowledge about gambling and make us aware of frauds so we should visit them.

You can find everything on Google, good and bad things about anything. Preventing fraud is possible only with education and when you know enough you will be able to make a difference between good and bad projects. Without knowledge, you will rush into investments just to make a profit, but most likely is that you will lose your money if you don't do researches properly and if you don't learn about what you are researching.

No offense but we are always putting the responsibility on the shoulders of investors, we are always talking about what they should do to try to find if a project is legitimate and we never ask the project developers to do anything, if they are so desperate for people to support their projects then they need to differentiate themselves from the hordes of scammers that are ravaging this market and until they do something like that you should not invest in any new coin.

Google gives the hint, and it is our responsibility to analyze and understand which is legitimate and which is trying to scam the users. These days scam projects too seems to be perfect as legitimate ones. Upon the same it is very hard to separate the legitimate ones from the scam projects. Here also luck plays a role in my view, because even after hard research if we fell into traps then it is our bad luck.

amen, bro, we need to be carefully. and don't use doubtful excahnge

thanks, thats nice stuff to prevent fraud. thank u

I don't think Google has anything to do with any of these things, as we can already see clearly the project in this very forum. And deciding things just by analyzing it yourself won't help either. You should also consider other people's opinions about it. Or sometimes follow people that know what they're doing, that's mostly what I'm doing.

I don't really believe in luck.