Biggest ICO scams

[supercops]

Altcoins are being created now and most of the developers just use ICO to make money. So if you don't want to suffer from scamming then you better join only the bounty campaigns to receive tokens after the event. There's so many investors has been already scammed but still they join again.

This would be the best thing to do I will think to do as well.
Just receive bounties and not risk any investment or your bitcoin with the ones who do turn out to be a scam.

[erikalui]

I bought gambleo tokens worth 0.01btc at coinexchange during the ICO, after the ICO the dev locked and abandoned the project because of the death treats by the bounty hunters,like WTF, https://bitcointalk.org/index.php?topic=1822444.msg18311089#msg18311089 . I don't know how much Bitcoin was raised after they gone. And what kind of reason that they will abandon the project because they're threatened of not paying the bounties.

GMB raised about 15 BTC and the dev was continuously spamming another project which looked shady on his part. Now he just stopped accessing the forum but he has many alts here that were caught by other members. He did not leave because of bounty payments but because the price crashed on coinexchange.


Currently, many ICOs are turning scam and this was not the case earlier when everyone used to benefit from these projects. Many projects operate without an ICO as well but then the dev just abandons the project leaving the miners undergo losses.

[mike77777]

DeOS
https://bitcointalk.org/index.php?topic=1564499.0

[CryptoCopper]

How to know if the project is scam or not? Is there some reliable way?

[BTCwriter]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

[altseeker]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

[Zadicar]

Can you name the biggest ICO scams of the past?
Of course details of the scams are welcome!

There are hundreds of biggest scam here most prominent I can remember are ebitz and Opair and Massnetwork ,I consider Massnetwork on top of my list I purchase huge amount from a friend but now I cannot even sell it,in the market because it's a useless token.

Those project as you mention correctly but I heard that if those project had a same person,they bought Bitcointalk account from someone and tried to make interesting project to scam people. yeah that i know so far with a huge $,

Also Lithium project but the amount just about 22 BTC

Those ways are already been busted nowadays on which ICO scam attempts doest work anymore because of past experiences.I would like to say the same thing which i know in the past regarding scam ico like opair and there are lots to mention actually.

[Kolder]

For me, The most big scam on 2017 was Lithium and Ascendancy ICO, lithium has take away 22 BTC while on ascendancy even if the investment are being refunded but it was still a shocking since the escrows are all DT from this forum, I never thought that the devs will waste their time for this shit ICO. But i'm very glad that investment was being refunded, Thanks to all DT escrow that invest time and effort even though they got nothing from there job.

[topesis]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

Yea I heard about Paycoin, that it was once the darling of the space just like Dash is today, also that the team once sponsored Bitcoin conference before, there must be alot of money in the hands of developers to do that. Thanks the likelihood of scam is reducing

[BTCwriter]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

Yea I heard about Paycoin, that it was once the darling of the space just like Dash is today, also that the team once sponsored Bitcoin conference before, there must be alot of money in the hands of developers to do that. Thanks the likelihood of scam is reducing

Paycoin once worth almost $300,000,000 in around Dec. 2015 when Bitcoin price is around $250 each. In today price of Bitcoin the coin is worth over $1billion. I'm sure the guy still have stash of his Bitcoin hidden some where worth hundred of millions now.

[coinplus]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

Yea I heard about Paycoin, that it was once the darling of the space just like Dash is today, also that the team once sponsored Bitcoin conference before, there must be alot of money in the hands of developers to do that. Thanks the likelihood of scam is reducing

Paycoin once worth almost $300,000,000 in around Dec. 2015 when Bitcoin price is around $250 each. In today price of Bitcoin the coin is worth over $1billion. I'm sure the guy still have stash of his Bitcoin hidden some where worth hundred of millions now.

GAW? No way, he is sued and he is looking to get a jail time under 10 years if he is lucky.

Regularly the White collar crimes are not looked bad on USA but he has done some shady stuff with bitcoin not dollars so they do not see him as White collar anymore. He needs every single penny he can find in order to defend himself and pay whatever he needs to pay to get out of that jail.

[Come-from-Beyond]

No Nxt nor IOTA? LOL, BitcoinTrashTalk is becoming too softcore...

[animalroam]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

Yea I heard about Paycoin, that it was once the darling of the space just like Dash is today, also that the team once sponsored Bitcoin conference before, there must be alot of money in the hands of developers to do that. Thanks the likelihood of scam is reducing

Paycoin once worth almost $300,000,000 in around Dec. 2015 when Bitcoin price is around $250 each. In today price of Bitcoin the coin is worth over $1billion. I'm sure the guy still have stash of his Bitcoin hidden some where worth hundred of millions now.

GAW? No way, he is sued and he is looking to get a jail time under 10 years if he is lucky.

Regularly the White collar crimes are not looked bad on USA but he has done some shady stuff with bitcoin not dollars so they do not see him as White collar anymore. He needs every single penny he can find in order to defend himself and pay whatever he needs to pay to get out of that jail.

Josh Garza deserves what has happened to him. It's a clear scam, so he needs to keep using his savings to delay justice.

[xmrlove]

Latest scam is Particl - from the creators of ShadowCash.... more info here : https://bitcointalk.org/index.php?topic=1863861.0

[ubercool]

Latest scam is Particl - from the creators of ShadowCash.... more info here : https://bitcointalk.org/index.php?topic=1863861.0

This is why most of the experienced guys here dont wanna invest in ICO schemes. They will scam people or we may say that the developers are making those to scam people. Paycoin is one of those where I and my friends had invested and soon it went rogue. Now we are not even looking for one as we dont have any trust in these.

[TravelMug]

Latest scam is Particl - from the creators of ShadowCash.... more info here : https://bitcointalk.org/index.php?topic=1863861.0

This is why most of the experienced guys here dont wanna invest in ICO schemes. They will scam people or we may say that the developers are making those to scam people. Paycoin is one of those where I and my friends had invested and soon it went rogue. Now we are not even looking for one as we dont have any trust in these.

Thanks for sharing your story mate. This one makes me don't really don't want to invest in any ICO because of the scam accusations. And your story already proves what I have in mind. Will not put my money in them but I'm not closing doors though. I think there's still some legit ICO out there. Just need to investigate and find out who is trusted.

[BTCwriter]

Crave, Paycoin, Aurora, and those Blocknet associated coins.
Money wise Paycoin pocket the most money.

Indeed, Paycoin is the most deceiving and made the dev richer more than he could ever imagine.

Yea I heard about Paycoin, that it was once the darling of the space just like Dash is today, also that the team once sponsored Bitcoin conference before, there must be alot of money in the hands of developers to do that. Thanks the likelihood of scam is reducing

Paycoin once worth almost $300,000,000 in around Dec. 2015 when Bitcoin price is around $250 each. In today price of Bitcoin the coin is worth over $1billion. I'm sure the guy still have stash of his Bitcoin hidden some where worth hundred of millions now.

GAW? No way, he is sued and he is looking to get a jail time under 10 years if he is lucky.

Regularly the White collar crimes are not looked bad on USA but he has done some shady stuff with bitcoin not dollars so they do not see him as White collar anymore. He needs every single penny he can find in order to defend himself and pay whatever he needs to pay to get out of that jail.

Yes, GAW, this guy have hundred of millions. Crypto still have no clear policy/rule, I'm sure he could get away with no scratch. Money can buy anything.

[BitcoinNational]

CURRENT biggest scam ... BCC ... BitConnect

[EthSports]

DAO has to be the biggest scam it almost destroyed ETH

[Yaneman]

CURRENT biggest scam ... BCC ... BitConnect

He is right, bitconnect is a huge ponzi scheme. Everyone with a little bit of brain stays faaaar away from that one