Punishment for ICO for being scammed.

[Suzemw]

It's difficult to know whether there is a law or not for them, for instance like MMM, they say set out to contribute dauntlessly additionally go for broke, and it truly is a fake, yet at the same time can make MMM second to any settled running lastly trick. For ico alone perhaps we can see their CEO, on the off chance that he has submitted misrepresentation, don't set out to put resources into their new ICO.

[zefirka26]

To make sure, in fact, that the ICO team will fall under the influence of the law, will inspect the location of team members. In case you can not find, in fact it's a scarlet flag, and you have to stick to the ICO away. It's still quite easy to forge all the details of ICO, and there is no guaranteed way to recognize whether ICO will turn out to be a scam.

[thaokhuyen03]

This is not feasible, but let's prevent and block the intentions of developers. Currently, I find ICO projects on the NEO platform quite close, most of these ICOs are serious and practical in real life. As a result, many investors believe in joining the ICO projects on the NEO platform

[^BuTcH^]

It is hard to predict whether ico is a scam or not. It can be well-developed scam. The only obvious feature is that scammers are afraid of publicity, so they will try to avoid meet ups, passing KYC etc.
Also some scams can be found by analysis of transactions

[Dcoollakky247]

Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?

That is where crypto or let me say ICOs miss it. There is no body or law guilding ICOs, that is why many ICOs are coming on board with the intention of scamming their investors. I wish there would be a regulation to guide the mischief of these ICOs.

[SeXy]

the cryptocurrency is not denoted close to the hale macrocosm as a agency of pays and accumulation. The control of at breach states are in no rush to penalise the criminals

[Asukilp]

I think Cryptocurrency is absolutely guessing, as there are some extremely important activities, however amigo attempt to peruse their whitepapers and get some information about github these days is where we can see the designers truly have their present item, nmun If we are correct need to join their undertaking, Github and message is the response for the time being.

[morozo]

Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?

At present, there is no effective supervision of ICO in the market, so there are many ICO frauds, so we must be careful when reinvesting.

I believe that ICO needs a special supervision department, so as to effectively control and supervise the legitimacy and completeness of ICO, so as to attract more investors.

Thats right. No proper regulation right now and anyone can do an ICO even anonymously and raised funds  and run with money /btc being scot free. This is being pointed out by several people already and government are doing thier best to formulate rules and accountability about this matter.

Have you heard about DAICO platforms, they work similar like Escrow where the funds are in a secure, 3rd party place and can only accessed if the project delivers? Do you think these would be able to tackle the issues around ICOs you described?

[policeoo]

It is hard to get in and find out who exactly is behind the project. They vanished, they gave fake names. They took the money and disappear. Those people will be hardly light to catch. They usually pay attention to details and so they wouldn't be possible to catch. It isn't fair, I know, but there is little we can do about it because there isn't any law about that.

[PilosopongTacio]

Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?

There is no law created to punish these people for commiting this scams because their identities are often fake. The only thing we can do about it is we should be more careful, be vigilant and we check thoroughly the ICO's legitimacy first before being part of it.

[Yujesuma]

Cryptographic money industry is changing step by step now we can see few tricks, individuals' know presently to pick the venture. Prior it was too simple to trick the general population's with numerous lies about informal organization, created tributes, scattering strategies. I think SEC is doing great however it falls under the US legal as it were. There shouldn't be any bodies framed to control and favor ICOs as this can prompt defilement and this industry will turn out to be more brought together. It is upto us to pick the undertaking and take choice in the wake of inquiring about as it were.

[Target100]

Nowadays it is very difficult to stop them, because the blockchain technology has lost a lot of privacy and so the anonymous based on it performs its behavior in an unstructured manner.