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Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

I believe that the most people in this industry prefer to stay anonymous and in the most countries such things like ICOs are not covered by law or government. So in the best case, you are going to lose your crypto or pay a lot of taxes.

I have wondered same too. But I feel the problem is due to lack of cohesive thought among investors and the fact that most times it may become a futile effort costing a lot of resources as well due to obscurity nature of cryptocurrency

I think people shy away from doing that because the law do not support crypto yet in most countries. Nevertheless, it's still a crime and investors should gear up against scam projects.

because it's not easy to catch fake ico actors, many also use fake locations or fake profiles, so if we want to catch fake ico perpetrators, we have to gather strong evidence

I don't think it's easy to fighting with ICO scams, investor are not silent, they don't know how to do, that's not easy to get back our money, tried to check bitconnect ponzi scam and the latest one is Athero, team silent after ICO and don't have post within 1 month, they told us go to vacation, but seem like is exit scam, I don't think mercatox exchange will help investor caught them. Arrest them ? ... not easy than as you think.

But nothing is going to help then to get their money so fighting after they got scammed is just wasting more effort.If you really care about your hard earned money then you need to do your research before investing on to it.

This is an underlying problem that is extremely difficult to tackle. A general lack of education and awareness leads most people to make bad financial investments, whether it is an ICO scam or HYIP, etc. And that same lack of education that leads them to not be aware of their rights and go for legal action.

Or it could be a simple case of not making that much losses. I know if I invested $10 and it got stolen I wouldn't do anything about it.

The cost of getting these people arrested is another thing to consider ,it won't be a small money but the only way is to scream out loud maybe our voices can be heard? There must be a way that the FBI heard about the bitconnect scam right?

What made you say that they are not? Is it because investors going after fraud ICOs do not post here?
There's a reason why we see news from time to time about SEC going after certain ICOs.

Most ico scams say they raised millions of dollars total but in reality, they only scam a couple of people who invested just a little. The biggest part of the scammed people is bounty hunters because they did work for free but they are used to it and it is better compared losing a huge amount of money.

I thought of making an arrest or fraud, then being taken to a legal desk would be very difficult. Even though in my country Cryptocurrency is still pros and cons. So that there is no legal force that can enter the scope of Cryptocurrency.

in order to arrest such scammers - you need to first find them. I am sure that special services are looking for these people. recently arrested the man who organized the onecoin pyramid. sure to every scammer will be catched and will be called to justice

Yes, I agree if these fraudsters are tried. They were very problematic and caused many Bounty investors and hunters to suffer heavy losses. Now more and more sophisticated tools and I think they will be easier to know.

Disclaimer, that is what some ICO project use to make them safe. We can't do anything because in disclaimer, all risk already described and any risk about investment is taking by investors. That is why people must read whitepaper carefully before invest in something.

Do you think it will be easy as you said? It needs a lot of time and effort. if we are getting a bad news about ico and we will spread it to another. but the problem is there was a lot of shillers.
Many scam icos created by fake team that used others profile and then put it into the site.

Yes, it really took a long time to find the ico scam because they didn't know where the position was? So in my opinion it is very difficult to find the perpetrators, so you must be careful when choosing ICO.

Many have done but there's no way for them to track those early projects that ran their money. There were scams that already have been caught and if you are aware of the news on US, SEC is doing their job.

Most of the ICOs now are requiring KYC and this is part of that standard. I don't invest to ICOs because things are going bad now to be honest and investors who have been following the trend are doing it wrong.

because people who have ever invested in any ICO ever belong to only two groups none of which want to do something like that.

the first group is the gamblers who have been in this market who know that they shouldn't waste their time with nonsense like that. they only want to get in, try their luck, get a big profit and get to the next shit as fast as they can to maximize their monthly profit.
these people won't waste any time. that time wasted on chasing nonsense can be spent in some other shitcoin being pumped to make quick profit.

the other group is the newbies who have no idea what is going on and only fall for the advertisements. they are like the kid who get in the van with promise of candy.
these people are not capable of fighting anything and they don't even know how to do it.

This comes as a result of the fact that cryptocurrency is not really regulated and as such there is no one to report to when icos scam investors. Also the laws in many states don't have anything regarding crypto so its usually hopeless trying to get the Scammers to book

Anonymity and a lackadaisical attitude should be to blame for all this, the organizers of this scam projects try their best to stay anonymous as much as they can, though their CEO's could be traced with a little more effort, but lacklustre attitude from investors help them to get away most times with such scams 

Yes you are right that many icos are created by real profiles
But many scam icos are created by stolen profiles, which means even the police cannot help
Because even details used on social media platforms are also falsified

The thing is , people are not in unity. If all the holders of scammed projects unites together and raise their voice , some crucial step can be taken against the scammers. Due to lack of unity, scammers are roaming freely.

After cheating, investors are trying to get their money back, but it’s pointless. There is no clear legislation that would regulate the ICO and therefore there is no point in contacting the police, etc.

no mate ico's are not created by real profile especially if the real intentions behind is just to scam ppl..  If you make a research you are able to determine it. which the fact that mostly are using fake identity reason why ppl are preferred to be silent because complaining is always useless.

The OP have indicated an important point. We should start to fight with scam icos. But it is hard for these reason I think. That are
1. Maximum Ico profile was verified by fake identify for that find out them does not easy.
2. Secondly Many country is not supporting crypto. So they don't try to take the case. Even The complaints  can be arrested for using crypto.

It is difficult to fight scam, because it is very hard to take scam organizer.
Most countries, where company is registered, doesnt have a law that regulated crypto investment scams.

Even if police arrests the ico owners, then how to sue them? What law they have broken?

Many investors want to forget they were scammed and move forward. There are also investors who fight back
and they are united and bring it to the court. ICOs needs to be regulated ASAP that investors could have some
protection against scammers.

The major problem is that crypto is a faceless currency, most of those scam ICOs hid under the guise of fake identities to carry out their scam, so you can't sue anybody and besides most of them come from different countries where legislation differ.

Because they will waste more money on lawyers and police probably won't find persons guilty for fraud, and if they do it is big question if they will get their money back. And many investors know that when they invest in ico there is very high chance they will lose money.

it is very difficult to apply the law to the ICO scam and even developing countries do not support ICO. all profiles on ICO are fake and anonymous scams. the transaction that is used for investment is Blockchain, which has only a trace of transactions without knowing the person behind it. All depends on investors who contribute to the ICO, must be careful to choose ICO so that they do not get an ICO scam, further research is needed so that your money is not lost.

I think it is the consequential cost and effort, why so many people are after a scam inactive. As these scams go global, it will certainly not be easy to find the criminals.

What can we do? Investment is always risky and we cannot avoid it, especially the cryptocurrency market is anonymous, no one can control even the government and the banks.

Maybe that is not because people doesn't wanted to fight back against that, maybe people already feeling tired from all those kinds of cheating, so they choose to do something else that could be more promising.

Scam ICO project always becomes the highest risk of investors and all participants in that project.
However, when being scammed, most of them are not aware, mostly, they will notice about it after some announcement or even all kinds of access to the scammers are disappeared.
I'm sure that all investors really feel lost about this. But, it doesn't mean that we don't fight. Nowadays, there is still a very small way to find the scammers, how can we report it to the police? We don't know where the scammers are, and sometimes, crypto is not legalized in the country so many investors prefer not to call the police.

the ico pattern itself must be changed and also on average all of them are still confused when they want to do a report about ico where there is potential fraud, because maybe the reports in their country still cannot be investigated clearly

Just ask yourself why you didnt take such actions against ICOs which scamed you ;-). I think most of us dont feel that it is worth the effort, especially when you just invested your time as a bounty hunter and not a single dollar.

Understand that the system is a decentralized system which that word alone has already neutralized all forms of legal involvement because these people you mentioned can only come in when government recognizes crypto currency generally and probably legalize it, all the ICOs you have participated in, is there any document binding you and the organization? No.

Also, remember that when it comes to ICO, you are not dealing with your country citizen, you could be dealing with someone in another continent entirely, how you use your country police to do that and the stress of also going through Interpol is high. 

Who will fight? Whom have you referred? Aren't you one of them? The first fight should be started by ourselves. And people are fighting. Have a look on reputation thread. ICOEthics has already busted a lot of ICOs. Some other people also doing the same.

Since cryptocurrencies is not legalized it is very difficult to take legal action against the scammers!  I think the icos scamming activities affects the cryptocurrencies market and that is why those people been scam only have to remain in silence and stop investing.

Because it takes a long time to process if you are going to chase them with your investment or a better way to move on and accept the fact that you are scammed just because you do not search it will how legit they are. Since start, we know the risk that we are facing when we invest in ICO. So, let's just prefer the result in the future not all investment getting profit.

Are you saying all ico are scam or are you referring to a particular ico project?  Else then you are part of those promoting this scam projects. I urge you to be more realistic in your findings and try to make your statements more clear. By the I don't see many scam iCOs but am sure there are some out there currently

I sometimes also think about this with the emergence of ico scam why is there no further legal action? but in my personal opinion it will lead to pros and cons. just as the crypto world has not fully obtained permission from each country and crypto is also very risky. so when we want to sue, it appears again. I mean because crypto is at risk (that's your decision, that's your risk, that's your responsibility) So, it's very important that we as bounty hunters do their best and avoid it if find any indication of a suspicious project.

WHen ICO investments were not regulated by many of the countries then there will be no action taken against the people for commiting such crimes and they ca use the loop hole of the laws to get out from jail even if the people got arrested.It is really hard thing to prove that they are the real profiles,they can easily claim that someone used our profiles because it all happening on internet.

Apart from the fact that most members of the team of ICOs are masked from the beginning (I think investors should by all means avoid these types of ICOs), there is always that danger of investors exposing themselves by going public and to court. The fear of getting burgled or attacked if people know what someone's crypto worth is real. In 2017 we heard several stories of such attacks when Bitcoin was bullish.

Where and how do you want to fight them? The only way to fight them is to ignore them. When you find out a token or project is scam the best thing to do is to tell the community about the scam and everyone will avoid it. I don't  know which other way to tackle it.

I suggest you do not like that, he made this thread because the OP felt confused and asked for responses for the members here who are experienced in the ICO world, if you do not want to give good advice to the OP then you should not be here even in this forum.

You are only a bounty hunter here, not helping to develop this forum better than before.

      People who make false ICO projects for scams do not show their identity and do not pass on real information about them. I was a reward hunter in several ICO SCAM projects and it was discovered that they did not have real people in the team and that they were SCAM projects. So, it's hard to fight escortry, as long as you have no real information about it. You should find a solution to remove SCAM projects so you can not post the project until you pass a KYC.

The investors know that the trouble finding and making the suspect liable for their crime is not worth of their time and their actual investment. There are some who pursue the scammers but this proved hard if not many investors joined up.

If the people behind scam ico are certain, there is no reason not to be arrested. We've heard of a lot of arrests recently. But if the project team is uncertain, there is nothing to do. The only thing that can be done is to announce them on social media and prevent people from wasting their investments.

because in my opinion it is useless and only spends time if we want to fight with ICO scam, because our money is gone and in my opinion it is useless to call the police or report it, because ICO is not legal and there are no legal ICO regulations.

Well one of the reasons why it seems that people are not fighting against post ico scams is that it's hard to know an ico scam project from the beginning and the system is decentralized

Could op be a more specific by listing the number of scam ICOs so that we can have something to talk about?
Crypto world is not the only place on the Internet where people get scammed. Investors fall for the scammers in crypto like any other place. Scams can be reduced with the right informations and tools.

Some scammers still get arrested though.

ICOs are not reglementation so police will not help and there is no measures that somebody could take to identify the scammers, it is hard even to male one list with the scammers.

They try to fight sending letters to SEC and talking in telegram chats, but it leads to nowhere.
There is no regulation, so no measures can be taken in this case.

If everything was that easy, it would not be that difficult to find scam projects. The scammers are becoming even more professed as time goes by. Also, most people do not do in-depth research before investing.

Why the above can happen because maybe the person who made the ICO is the investor himself. It's useless to report to the authorities about ICO fraud because the officers will not take action against your report because crypto is not regulated by any party so that all risks are borne by each person.

Yes you are right. I have always wondered why in spite of the numerous ICO scams reported, there are no litigation issues. If the ICO founders are sued, I believe others or upcoming projects will be more serious.

This is more like question what to do after everything is over. Prevention is better before than it happen of course, but what if it happens, you can't stop it then.
This is very bad assumption, every country has cyber crime division, they won't take action against anonymous and unknown people for obvious reason, but if people who run ICO and exit are known, once reported action will be taken against them.

I do wonder why there are no people looking for the scammers in legal matters.
They can if they want, but i think they dont want their identity to be in public.
And we dont know if the person on the website is real (team members).

They fight, it's just not always possible. There are projects that after the ICO just dissolve in the air and find any of its leaders is difficult, and those people who are responsible for PR, they say that we do not know anything, just paid for advertising, and we advertised.

Well basically as cryptocurrency considered as a decentralized platforms, we don't need the help of any regulatory commission when there is a case of SCAM accusation. What we can only do is to try to bring back the reputation of the program before, and even put them in a lower position.

as we experience today there are so many gifts that are scam. but I think to fight it all is useless. because the gift of the scam will still exist even though we fight it all. yes we really need to fight. but our situation is not possible to fight it.

You can't tell that they aren't fighting for it especially if the sake here is about your own money, I've seen more scammed people are doing the investigation and so on. So that they will achieve the justice that those scammers need to be put behind bars and I've seen some scammers have been jailed and they deserve that thanks to their real profile and the evidence that those people who get collected in order for him/them to put behind bars.

For me, because its just a waste of time and still they will never get their money back, and trust me those scammers use a fake profile for sure try to be on a scammers position will you use your real identity if you planned to scam a lot of people?

I need to know what you mean by post ico scams, if you are talking about decrease of token price then investors can't do anything about it as they agreed to terms when investing.

And what can be done with this? I think that people understand that scammers have already managed to raise your funds. This is exactly the problem. You just can not take your money from scammers, so there is no point then to talk about it.

This is an interesting discussion, there are many factors that make investors didn't continue into the legal sphere, But this in my opinion is a problem for most investors, the answer is simple, they are constrained by "Distance" (Majority). Some investors certainly think it's just a waste of time to continue their case and the costs that must be incurred to hire a lawyer, etc.

Note: This statement applies to most middle-to-small investors, for big investors or whale they of course will take a legal action.

Because there are no laws that regulate this area of activity, so scammers and go unpunished.

This thread is important. While nobody acts, scammers will have a free road ahead to scam us out. Investors should get together in lawsuits.

Whom are you going to fight, the thing is due to the anonymity in the system it will be very difficult to trace anybody who scams you and due to different  country  locations how can you arrest someone, its just waste of time and another resources. All we could do is to open our eyes well so we don't fall as victims.

Cryptocurrency is unregulated and scammers will be hard to find that is why investors just accept the fact that they got scammed by those fraudsters and they knew that if they try to track them down it would take a lot of time and some money so they choose to move on and find another project.

rather than arresting ICO scams who do not have strong law, it is better to do in-depth research on ICO that you want to invest, isn't it explained from the beginning that all types of investment in responsible crypto are ourselves. therefore, before investing in ICO, you have to understand many factors so you don't regret it.

Yeah I think, to be able to do that is not easy. And do you think you can do it too ? Try it if you can do it easily.
And I think, if I invest in an ICO SCAM so I prefer to lose my money than to catch them. Yeah, because I can't do that.
So, it's better to be careful if you want to invest in ICO.

The most common icos that are run by project teams do not colleect money in private sale from investors who are likely to have a lot of money. what they do is to go straight to crowd sale and when used as much as they confirm what now investors who will win invest between $100 to $500 india project this means that in a case where by a team has come to its investors this investors are likely not financially bouyant enough to file a lawsuit against them all their countries far away from the present location of the isotherm which will make filing a lawsuit tricky and difficult

You must do this before anything else, investors/traders who will manage to work with their knowledge will have a good opportunities to success
with this venture, you have to think wise and make yourself free to decide before working with ico business.

Self-report many people are still confused where to make a report on ico that has the potential for fraud because until now there is still so much fraud that occurred

Also wondering that but on Sparkster scam they have Ian Balina to head there, you cannot make an action if the ICO is located in England and you are in Hongkong it will cost you a lot if you are not a big investor of that token.

It is a risk and when we do protest it is a meaningless thing. Usually Scam projectors will definitely make things completely unreal and the information they have does not have the truth. so for anyone who wants to invest in an ICo project, they must be prepared to accept everything that happens. With their participation in the ICO project, it means that they are ready to face everything that might happen.

It would be a hassle to actually get your case to be prosecuted against the real scammer, since these scams are all online anyways... and somehow their companies could registered in a different name, i mean gimmicks which make tracking them harder, and it takes alot money for the investor to sue them in a real manner, nobody likes their money get stolen nor they would like to stay quite, you see big scams like bcc took a long way to get exposed, which practice an obvious way of mlm, whereas there's alot of projects that failed with millions of ICO fund raise, and left with cents

it is very difficult for ICO scammers, because we have problems with the law, if indeed we present to the police whether the police will act? of course not, because the police will act according to the regulations of their respective countries. we hope that in the future there will be strong rules for those who want to run the ICO.

They can't really do something about it in a direct way, but if bounty hunters including the investors in that project will going to integrate as one and in the opposite of promoting the ICO, they bring it down further, then we can expect that this is the sweet revenge we wanted.

 Scammer is very anonymous bro and no one can determine it because they're always using fake identity.  Even though you make a complaint about it,  it will be useless.  Lol  if i were yoy just accept the fact that your money is gone forever because there's no way you can get your money back  on it even though you ask for a help on a hacker.  

Now the cryptocurrency isn't in the legal field, and in many countries it's prohibited. Only the personal initiative of investors can initiate a private investigation. But it’s not a fact that fraudsters can be found.

People oppose the scam ico so there are sites that see what and how the scam ico is also a telegram group whose contents are scam projects. those who propromote and invest in ico scams are often novices and have little knowledge of cryptocurrency so they are often victimized by scammers.

Why do you think so? They are trying to fight! But think by yourself what they can really do if there is still no regulation in this sphere. Everything that we are witnessing is just some pathetic attempts in few countries to apply kind of regulation...It's not enough to sue scammers, to engage lawyers, police and so on. Besides very often it's investors fault that they being too greedy decided to throw their funds in another scam story not having made enough investigation and analysis of the ICO and the project...

Everyone stays silent because there are no regulations or rules in this investment option field. No one could do anything, especially for the past, for various reasons, such as the fact that no country has banned these projects and has not made any regulations. Although some countries have introduced some rules and laws to prevent investments in these projects in recent years, there are countries that have not yet adopted any regulations, laws or laws. In other words, we cannot seek our right by law. Most of the people, even for all of us, can't hear our voice.

The thing is many countries dont have regulations with ICO's and most of the ICO team are not really who they are they were just using fake profiles and names and that is the reason why many people are afraid of passing KYC because it might be use for illegal purposes.

Many people struggle with fraud after the end of the ICO, but their strength is not enough to win. Need help from the state - the creation of a legal framework in the field of cryptography.

Why do you think that people do not fight? I think that we are fighting, but the main thing today is that we need to understand that the number of projects is really growing, namely, the projects that are constantly trying to raise money today.

Many countries have not adopted a law on cryptocurrency. This means that it has no legal force in the state. So you can't do anything here. Just need to be careful and attentive.

Even if we want to fight them, how we going to get our money back. ICO is not legal and there is no easy legal way we can bring them to book. Even most ICOs won't vanish after ICO, they will prefer maintaining the community without developing their roadmap as it is expected of them.

Because there is no regulation about ICOs and the token we bought is not an investment instrument. I think police can not arrest people who involve in scam ICOs because there is no government regulation

The simple reason for not seeing a collaborated effort from investors to counter these scams is simply because it is a global platform and investment comes from different jurisdiction and you really cannot collectively file a complaint when you are scattered around the globe. The only thing you can do is to spread the awareness on the risk before investing in anything concrete.

Swindling other peoples money is a crime whether it is regulated or not.

Systematically the SEC can tackle it but legally, they might not be able to tackle the scammers, the best SEC can do is to create a system that will tackle this and proffer solution, it was as a result of this that they came up with STO which can only guard against future investment since ICOs has already defeated the purpose of IPOs.

It is now left for us investors to take the proffered solution or continue to fall into the scams of ICOs that they have no control over. The only challenge we will encounter is that ICOs might begin to lose relevance since people can no longer trust the system.

Of course, fraudsters diligently evade responsibility, and they are not easy to find. They are also problematic to attract due to the shortcomings of the judicial system of the country. And investors understand that this is a waste of time without guaranteeing results. And this is probably taken as the result of insufficient study when choosing a project.

Most, if not all, of the scam ICOs are using fake names with fake pictures and profiles. So that's gonna be a little harder for the proper authorities to track them. Well, there are now a good number of people who are tried and jailed for their scam ICOs. But still, scam ICOs are scattered everywhere. Here in this forum alone, they comprise the majority. And, sad as it is, the people here seem accepting that fact without reaction already. It becomes normal, after all.

I think investors are trying to fight. But it's not that easy. However, many investors are trying to find the actual profiles and locations of these people by conducting after the long research. In addition, many investors share these fraudsters informations on social media for that new investors not trust them.. That's why I believe they've done their best.

The fact is that cryptocurrency does not have legal status in all countries and problems arise for this, people also simply do not understand how to return their funds and I believe that this is the whole problem of the market today.

some invertor try to get money back but not calling police or go to justice office because they country dont have rule about cryptocurrency, so police can not do anything when don't have forbiden rule about ico. Investor only have PM Manager ICO and CEO and actually nothing responsblity

That's definitely true, it is difficult to track ICO scammers, since we are not aware if it is there real identity and there exact location. Calling any SEC or authority is not enough to track them and if recovering our lost money is also hard to do as long as crypto is behind it. The wise thing to do is not tolerate yourself to invest in a project that has no potential to grow. By doing this, we should first look for their whitepaper to evaluate the feasibility of success crowdfunding. Then join their social media sites, join in telegram to interact with the team to find out what is there real motives  and also educate yourself for positive and negative aspects.

There's no point crying over spilled milk with crypto anonymity, whom do you know from those projects which you can hold accountable for the scam? With all this, you move on and forget about the lost funds hoping you can recover it from other projects that ain't scam.

Because cryptocurrency is not law in most countries of the world. If you invest in an ICO, it is only at your own risk.

They are still confused in doing reports to others, so it makes them confused to be able to do the report, many have tried to do prevention but it is indeed difficult because ico is almost indistinguishable which is scam or not

In several telegram groups, I watched as people tried to get their money back. This went on for months. What ended I do not know, since I left these groups. I think that people could achieve nothing but promise, and then ignoring. ..waste of time...
This means that instead of trying to get their money back from here, they could find a couple more projects and get their money back from there.

Scammers will still be at large even when they decide to adopt a cryptocurrency law even in the centralized market that has all sort of rules and regulations, the rate of scams everywhere is alarming, this is a bad practice we cannot really fish out completely.

But like you said, it is now left for the investor to be very careful in choice of project and not be greedy, most of these people that are full of regrets now after falling into the arms of these scams are greedy, I am not saying all but big percentage of them, that is why they see a coin that seems promising to them and invest very large amount of money without splitting the risk.

Legal proceedings cannot enter Cryptocurrency. Because Cryptocurrency is anonymous and not legalized. If the government makes regulations regarding Cryptocurrency and all people who get income taxpayers in this country. I think all forms of fraud that occur here can be in the legal process.

There is this general notion that once an ICO sells successfully and it is listed on exchange and sometimes on several exchanges, it cannot be a scam. On the contrary, some of these ICOs tend to dump their tokens even after listing, leaving so many investors at loss. We need to rise again this course as well and be keep a keen eye on the contract address, because that is one of the evidences.
Also some just stop their products at MVP, with no further development.

I think it's because of the investors itself are fake and the ICO update (the number) on their website is also fake.

It's a bait to attract investor to invest to their project because if the investors are real, of course they will talk and open a scam accusations against the team project.

And how do we deal with this. If we knew the answer. We would solve all the problems and become rich. Because knowing that high quality projects we would always invest in +

Simply because government is not attentive upon crypto scams, some country doesn't even accept bitcoins and altcoins, some accepts crypto but it ia not their scope about scam accusations, but i think we should report scam icosl's and projects so that they cant victimize others.

because ico has no clear and legal legal basis from the state. so for investors to report the scam, it looks like it will be a 50-50 thing between investors and developers. because the developer will also certify that everything is being worked on and worked well. unless there is a clear and legitimate legal basis, and the state acknowledges it before launching it.

if so, the story will be different again, everything will be planned and there will be guarantees.

Your view about lax law and lax police action against the scammers is also partly true. Police and the authority have in many cases taken action against such fake projects that have cheated many investors and bounty hunters. What is true is that there are not strict ICO regulations and cryptocurrency regulations, which is making the matter even worse. So strict regulations should be in place.

People are afraid to reveal the origin of the money, I think, so do not go to the police. This is a very complex process that requires deliberate and deliberate action. In the field of cryptocurrency investment, you can only rely on your experience and luck and not invest the last money!

It is not that the investors or any crypto user that have been scammed by those post ICO scams don't want to do anything about their money that was taken unreasonably from them. In fact, they wanted to get it, but how? They cannot contact police or any government officials to report this kind of matter as we all know that the world of crypto currency is dependent form any government connections because of being decentralized. The police or lawyers have notjng to do with us. The only thing that the investors could do is to move on from their money and accept the fact that they have been scammed. Since they cannot do anything to find the scammers, the best thing that they can do is to restart again and made it as a lesson and another experience here in the crypto industry.

The main aspect is lack of knowledge. Investor dont know where to complaint how to complaint.  They just donot the platform where they have to go to file a case. Moreover the legality aspect is also another issue. People ade air that if govt know about their investment then thats the reaction of govt. Spreading education about crypto is the formost requirement

If investors are lacking in knowledge it's likely they will not know whether ico or not a scam because as long as they enter it in cryptocurrency without sufficient knowledge they can only fool. but many investors are opposing the scam by reviewing project icos before they can join it. and for promoters or bounty hunters they should also take care of projects that they promote to not cheat with icos scammers.

Don't forget  some investor maybe not new player in this business. Some ICO project already said if they not force people to invest and before invest, investor must ask from some professional first. That is why before invest we must read their whitepaper first.

You are right, it cannot be reported when people that are meant to protect them even sees crypto as scam, not to talk of ICO, they will surely ask the investor why he didn’t invest in a centralized investment such as IPO and STO and when it comes to ICO scam.

There is automatically no developer involved that will certify that because most of the things on their white paper end up being full of deception and for state to acknowledge such project, it must have automatically started operating on a centralized system but so long it is a fully decentralized projects, the best is for every investors to be more careful in choice of project because it seems nothing can really be done now to cub scam activities through ICO.

In real life, there are very few examples of truly bloody development of events that would show how seriously they are cracking down on those who are really trying to deceive other people. Why don't they talk about it today? Because very few people are really caught.

ico scams play very smart game in closing the ico most of the investors are nt unaware whether the icos is scam so in the waiting time they forget to fight with those companies and it is practically difficult to track and close icos why because they are hundreds  of icos coming daily

Even if you know what kind of people created the ICO project, it will still be difficult to get justice and very little chance to get your money back

The thing is - there is nothing to arrest them for. The conditions of such ICOs are written in such way that you can't really blame anybody. You bought tokens, you got them. What do you want now?

even the less evil team lie about their whitepaper, if you read between the lines you'll find out something to fud around when you want the price to dip for your advantage.

there are users fighting ICO scam which is why there is a section about scam accusations and reputations, you shall find some busted ones there. ICOs are said to be regulated by SEC, maybe later on we don't have to keep our guard.

and how people suppose to do that? arm with pitchforks and torches and go to the nonexistent office in other country? also people shouwd learn what is scam.

It is fair to say that combating fraud in the ICO sector is extremely ineffective. And therefore, professionals initially advise to avoid such projects in all possible ways, since there are no guarantees that the victims will be able to find the attackers and compensate for the losses through the legal mechanisms of this state.

Investors decide to invest in the project if they can see a light at the end of the tunnel. Making false assumptions is the job of scam projects and they keep lying about the roadmap with delaying the expected event times.

Created of real profiles? Then you are not totally got familiarized with most ICO projects where most of them do have shady team.
Fighting against them is somehow pointless thats why you do see that most investors cant do anything about it.Due to anonymity feature
of crypto, scamming people/investors is pretty easy.

I think it is really hard to fight when we are facing some anonymous scammer ,
We couldn't point who they are in real life because of their fake profiles and names we don't even know if what they use is just a made up names or their real names.
So even if we want to do something we just couldn't do it besides it is our fault in trusting them with our money.

If you say Why people are not fighting with post-ICO scams? I think you wrong, people is fighting about that, for example in this forum have scam accousion, and always updated to avoid scam, if you say about report to police, etc i think that's too complicated, wasting time so many investor say "let it go, we still have a lot of money

Life is too short. Best go after the next project.

Everyone certainly wants to avoid fraud. But in the Crypto world, there is no criminal law because everything is anonymous. Even in my country, income through Crypto is not subject to income tax. So to report crimes to the law certainly cannot be processed.

In most countries crypto currency is tagged “at your own risk”
So when fraudulent issues occurs; hardly do you find any security agency interested in the situation

Just dyor and invest wisely (what you can afford to lose)

Very well said buddy. Those investors or any individual that have been find out that a certain post ICO is a scam, the best thing that they could do is exposed it eventually in the crypto community. But that way, you not literally fight the scammers but you punch them in others way. Another thing is that, you help other people to avoid that scam ICO and to be not another victim of those scammers.
Since we all know and aware that we cannot truly fight them in a way that wanted to arrest them and get out money back, there are still ways we can do to make them pay for what they've done.

Just because authorities like law enforcing agencies are ignoring the issue. There is not regulation in place. As a result, people are running their business
related to cryptocurrency illegally. There is no concerned agencies to deal with issues of any cryptocurrency-related projects scamming people.
Besides ICOs, I have seen an exchange named BiteBTC scamming hundreds of people of millions of rupees. Still it is operating like there is no laws regulating and taking action against frauds. It seems, everything, legal or illegal, is okay in the crypto market.

Yes, you may do that. But, that can't stop them. They will create again a project, new strategies, etc. Best thing to do is to ignore. We all know that investing here in cryptos is risky. You really have to do a deep research in that certain project. Before investing, you have to know the reason why they create that project. If it seems worthless, then back off.

Scammers will always find ways to lure people and how to cheat, but the most effective weapon is still in our hands - ignoring all questionable projects, there will be no investment, most scammers will disappear

It's not so easy because many projects have their registered office different countries from yours and so also legal actions are not easy and very expensive. ICO scams know this fact that's why they still continue to live...

And forgive me how to deal with fraudsters? I somehow do not even imagine this for myself. It seems that the regulators must somehow fight them, and we can only put up with their existence and protect ourselves in the first place.

Because in the most cases people do not know for what do they want to fight. You do need to understand that if everybody is against regulations, there will be a lot of scam projects and we would not able to change it.

We cannot do anything but accept the truth. Because there are quite a lot of participants from different countries and scammers can fake their information. We cannot contact foreign law enforcement directly for litigation. it only takes our time more.

Actually there are many people who want to do a complaint but to whom they themselves are also confused because right now there is still no institution that regulates about ico globally. and maybe only in every country that is still about bitcoin

in my personal opinion if we only fight fraud and not act the best or do more positive things then it is of no use. so I think we better keep quiet and think about how to avoid these scams.

It is possible that some countries have not accepted ICO but people want to join and when cheated, they cannot tell managers because they already know. Some other reasons are that they prefer to remain anonymous about their identity.

If you in to cryptocurrency then you know almost everything is from anonymous. The law can solve your problem if get scammed Especially in my country. Crypto is still ilegall here so if you make a report to police or kinds like that you will get a trouble.

Agree that there are indeed many people who are still confused about reporting this so they are of the time that it is difficult to be able to fight for their rights to get their money back

Because majority of the ICOs rely on anonymity or they use fake identification, so when they exit scam you can't hold anyone responsible and also, most of the time there are no jurisdiction binding ICOs so you can't sue them to court.

Unfortunately not all of their profiles are correct, sometimes not according to their work map. it was difficult to know the team that was transparent when the ICO was running and even without us knowing the team had turned into a fraud, I had experienced this. I do not know how to prevent them, the important thing is I am always vigilant before joining ICO.

This statement of 'fighting against ICOs scam' is looking fancy as you all know that ICOs are not regulated by the Govt. or any statutory body. Another thing is that the investors are coming all over the world and all these happening in digital for. Who knows that the scammer is using real internet or the virtual network. So, again why your country's police men will interfere with the rules and regulations of another country. If, country wants to catch the scammer from the another country then it will affect the international law and the spending of the Govt. money will be huge. Again, you first will be arrested because of money laundering act. So, it is only you have to evaluate properly the ICOs before investing.

Because, unfortunately, we can’t do anything about it, because today the developers' data may be compromised. I think that all this will definitely have to show us with you the real extent of working with cryptocurrencies.

For the problem of silence does not seem because in my opinion, investors also convey a lot of complaints that I often read is they make articles in the medium / make posts on reddit but for problems bringing legal channels I'm not sure it can because investors and people who cheat are different countries and that can make the entrapment problem very difficult especially if the fraudster falsifies his identity

Fraud in any state is considered a crime. However, there are a number of difficulties. ICO fraudsters collect money from investors all over the world. The first difficulty lies in the fact that the local police cannot do anything directly with such scammers. You must first contact the police of the country where these scammers allegedly were. This may be the case if between these countries there is an agreement on cooperation in law enforcement. If not, the police must act through diplomatic channels. All this takes time. Further, it may turn out that the scammers were not in that country, They could even migrate to different countries. In general, it is quite difficult even if the police work quickly. In addition, crimes related to the Internet, it is very difficult to prove.

Many fight against ICO scams by non-patrimony and promoting them one of the ways in which the sites refrain from fighting ICO scams, those who do not fight about it are often members of the ICO its team or otherwise involved in this scam. if we help we can fight them and we both get money and not be scammed.

It's just that we do not have any really significant leverage, we can only inform other investors about suspicious projects, but the crypto-currency community is not as cohesive as it should be to have force

I know cases when investors are looking for fraudsters to punish, but most people do not do this, because for this you need to spend money on lawyers, search for fraudsters and few people want to spend their time on it. Especially if a person has invested a couple of hundred dollars, then he, too, will not waste time to return his couple of hundred. You need to carefully select projects to invest in them, and social media accounts are sold and scammers use this, so be careful.

In this situation we had a lots of options and choices to select investment so if we are doing it wrongly we can have the next options to to get manage the prophet so if it was scam people will not care about much because the time will be waste when putting an effort to find it that's why they are getting their next investment.

I think so this situations many ico going to scam or failed, in fact every investor getting more loss.
I give them suggest every investor,
when you keep invest any ico then take a real check ico development. It is the main important then you will get profit your invest'.

What can people do when they implement a fraudulent project? It is necessary to regulate the scope of ICO's activities to combat scam projects

Fighting sometimes will never bring a benefit because they already lost their funds and the scammer always run away. I remember seeing alot of Scammy and fishy airdrops here and i enjoyed laughing watching these shitty projects get viral.. Peoples actually rush to invest hoping to gather fast profit which will never work here. We shall fight the scammy icos and get our rights back.. but the question is "HOW?".

and indeed today there are no levers to control the market and to the company, and therefore we cannot only find fraudulent projects, but also punish fraudsters for their actions. In addition, today, I am very frustrated by the fact that most of the projects that require the provision of passport data show very poor results or go into non-existence.

It is not easy, mate. The Cryptassist ICO seemed a very good project at the end of 2018, but they are now almost a scam project. Big investors made a telegram group about Cryptassist scam and they are trying hard to find the real profiles of the cryptassits' team! Most of the ICO projects team members are fake like they use other people's ID, therefore their location, website registration, cell no. everything they arranged for a limited time, so, it is very tough to catch them out! But still, we have Centra project as a successful example, so investors should be working to find the ICO scammers shit!

This trend has become commonplace in the cryptocurrency market. But we do not need to get used to it, because it will negatively affect not only our results, but also the entire cryptocurrency market. That's just how you can deal with it, there is no panacea.

The major hinderance is the absence of adequate framework to fight scams. Scammers are often in the habit of leaving little trail. The best we do on this forum is worn people of the redflags (such as fake or anonymous team members) but there is not much that can be done after the scam have actually occurred.Scammers disappear.
Where there is enough trail,  some are reported to authorities and some are caught. Some Onecoin  leaders were arrested earlier this year, some biconnected top promoters identified are still facing legal ordeals to date.

I think few people are already involved in the ico , most people have moved to iso or sto , it seems to me that the ico is now better not to invest at all and get around

It's not so easy
scammers are studying every step they take and often have legal experts drawing their steps
In addition, there are no laws governing ICOs in many countries
You need to check before you deposit your money into any project.

Bureaucratizing a market that was born to provide or ambition for freedom is a bit illogical. In addition, numerous people who participate in ICO know the risks and invest by learning what they are doing. If there are lay people who invest in something unknown, it'll be necessary for them to review their concepts. Another point to consider is that who doesn't care about the money invested is because it has large amounts or because if you report it maybe it'll be sought as well.

they already know the risks that will occur so that if something bad happens they may have resigned and will not look for the culprit.
if in a country that does not allow Crypto, they will not investigate the incident, because it is my own risk and that is in my opinion.
maybe in the future if there are updates and changes so if there is fraud or something else there will be a way or tool that can detect bad people.

personally i'm really interested in this question too. ICO leaders put their real information in description of their project. Call the police then!

You are so vain so say a very large number of people are trying to deal with it, but as usual this is not entirely successful, simply because today scam projects have learned to very seriously disguise themselves and bypass the laws.

It will really be very difficult and almost impossible to regulate ICO as they operate in a decentralized system that has little or no involvement of government in it and even when government gets involve, they still get involve is a decentralized system, so there is little to which anyone can do to control the scam in ICO.

The best is for every investors to stop paying attention to ICO projects and gradually start diverting their attention to IEO, especially those that wishes to invest an amount they cannot afford to lose, at least with IEO, it is absolutely an new opportunity for all investors rather than simply fighting and blaming about ICO scams.

There is no law for ICOs only the investors need to get more wise of they want to stay away from scams.

A lot of people wish they could do something in order to get their money back but how??
There is no known way of getting the money back. Afterall, most central banks in different countries have issued a warning statements against cryptocurrency

Some large investors are struggling with fraudsters in their not entirely legal ways. They just hire guys who find these scammers and take tough measures to get their money back. In general, these scammers are responsible for their actions, regardless of whether they want it or not.

Looking at the high level of anonymity in the crypto world , whom are you going to fight when you lose your monies. That is why it is stressed to be extreme cautious when doing any dealings.

Many investors are not silent, as you track down scammers, if they are hiding on fake accounts, kyc they do not pass. It is impossible to return the money in cryptocurrency. Let's believe there will be a solution in the future.

I was very hopeful if that would happen because I was also among those who were quite disappointed with ICO fraud.
but what I can do besides accepting it sincerely.

so hopefully soon there will be ways that can make the ICO better and the fraudsters can be arrested

Extremely cautious you need to be in any action that you perform on the cryptocurrency market. this is a very risky market

I do not know where you got that nobody fights with this. Enough to go to Google and write the correct request as you will see links to a large number of both judicial acts and collective complaints. Over the past year, quite a lot of stolen money has been returned, unfortunately this figure cannot be compared with the amount of funds that have not yet been returned.

Precaution is always better than cure.In most cases people do not go through the road maps whitepaper etc etc and and blindly invest in something.even sometimes people don't even care to read the terms and conditions and unfortunately select I AGREE option and doing this 50% game over.many exchanges got hacked many funds stolen these are all part and parcel of crypto world.Its better to stay safe and do your own research before jumping into something new absurd shit projects.

You are not exact correct mate, a lot of people fight for their investments and fight with scammers, however another part of people just don't see any point to do this and waste own time wich they can spend with much more profit.

We have no option other than to watch them scammed and do nothing as no body controls over ICOs, no strict rules ever come for ICOs project.  They simply launch every time and people get fool by them and they simple got away with money collected. I think there will be certainly strict prohibitions in the near future as there is very bad reputation in crypto people over new ICOs as 80% of them continue to get fail or scam at current.  At the current time, it is very hard to find a genuine ICO now days.

Because there is no point in fighting or the efforts made will be ineffective. Market ICO deprived of regulators therefore, this age is called ICO is scam.

it may be very difficult to report to the police because in the world of crypto this is not legal in their respective countries so it is very difficult to sue the scam ico project and also the world is very hard and this might happen again and investors must be careful before investing at ICO.