Why would anyone do such a scam?

[partsofgarble]

Because some people are greedy as hell. They don't care about the work of others.

[erick94]

I think someone is not able to follow the work in cryptocurrency. the person would only want a very easy salary and do not want to work hard. the perpetrator feels earning money by cheating is the best because they think the participants in cryptocurrency are very easy to earn money.

[Ipwich]

There are people who want to take advantage of the popularity of bitcoin, they will victimize newbie who wants to make instant return.
I see there are HYIP or ponzi all over so be careful when investing, always check and study well the assets you are investing, I think it's better to join
in ICO or learn how trade.

[MURONDI]

earn money in a bad way, like a disgusting parasite that must be eradicated, gradually people will also be good at choosing ICO, and the site will be blacklisted..

[vv181]

There are people who want to take advantage of the popularity of bitcoin, they will victimize newbie who wants to make instant return.
I see there are HYIP or ponzi all over so be careful when investing, always check and study well the assets you are investing, I think it's better to join
in ICO or learn how trade.

Since Bitcoin is needed an extra work to make people well-understand the technology, Those people who have a better understanding of the technology exploit the newbies who lack understanding the technology. Actually, There is plenty a guide for newbie to dodge the scam, but I think it does not influence at all.

[aeternus]

Stumbled across this news: http://www.newsbtc.com/2017/12/08/ico-scammers-new-cybercriminal-breed/
The thing is someone threatened to give a bad review on ICO if they refuse to pay him for a good review. Well, they refused, and the guy started to call them a scam. I'm pretty sure they are not. But anyway, why would anyone do such a thing? Waste their time to do bad to others? I mean his time could be used better than that.

Because they want to get money in an easy way, they are hungry to have it. By doing bad deeds they can earn without exerting effort. We have different personalities if there are good then there are also bad people. Scammers are everywhere and what we can do is be careful to be a victim.

Unfortunately this is the truth, there are many people out there that are bad people and while most people of the world are good, there is a minority that is bad and that have a huge effect on the world since they do not care about anything else but themselves, so it is not surprising that people like them will do anything to get their hands in the money of some other people.

[mpufatzis]

People can be easy manipulated by others. If you are investing your savings in a totally new field, of course, you are very suspicious.
I don't know if it is true that people blackmail others for making money using this way, but surely there are many determined to do so.
The solution is obvious, if someone wants to invest he has to make his own research or take some advice from a specialist.
We never follow the opinion of people we don't know and don't trust.

[otundebis]

There are good people and there are bad people everywhere including cryptocommunity! This sort of things will happen again and again! In matter of time though, the whole issue will be forgotten(if not forgotten already) and the world moves on!