Punishment for ICO scams!

[Olalomi]

It is highly regrettable that non of those scamming ICOs has been brought to book or punished this will surely encourage other newer ICOs to capitalize on non regulatory body of ICOs to scam more investors, I think the idea of knowing the country of origin of ICOs is very important so as to track or trace them.

[CryptoAlphaStar]

More of them will go unpunished! Only the biggest retarded fools that do grab and go will be punished!
If ICO scammers put even a little bit of thought how to heat the system, they will always go away with it, I think!

[heritage35]

The only way the team or the developers behind scam ICOs can be sanctioned is if their true identities were revealed before the incidence. So many of them use fake identities and that is why you may not be able to pin them down. Also, this is what some governments have been clamouring for. Had it been the crypto space is regulated, then the scammers can easily be apprehended, but in this case, i do not know how possible it is.

[fvb]

I do not despair when I encounter such a problem and draw certain conclusions.  It is better to analyze projects.  I consider this an acquired experience. Let's see what happens with Shopin.

[RyanDMC]

Sanctions for scammers should be already happening in some way, there are simply too many of them in the market, and there is money involved, I think it is a matter of getting more knowledgeable about avoiding them

[James678]

SEC would apply penalties, but you know, some of team members have fake profiles, so it is tricky. Bounty hunters can punish scammers by negatively promotion. In some cases it affects scammers

[tenebriscaelum]

In the digital era only a few people / scammers / hackers are being punished by the laws of the countries in where they are apprehended, and such laws are very few and scarce. The same goes for ICO and bounty scams as there are no laws that can apprehend the people who commit it.

[cryptosyss]

As far as I know, it is currently impossible to punish fraudulent ICO. Although in the near future I think there will be such laws.

[AMdemzzy072]

I don't see any punishment suitable that you can give any scam ICOs than to ignore them. How do you punish someone untraceable who gob away with your money?

[raghovsing34]

Is it possible? I think it's not possible. Because the ico is scam. They usually make all the information wrong in project relations. They also do not give their true identity. So, how will they be arrested and punished?

[bagas79]

Although I have never been punished or sanctioned for a fake project, but in my opinion it's a good idea.
Because now a lot of fake projects

[hamba laeh]

all I have ever done to give a deterrent effect is by asking the developer and embarrassing him by publishing to every social media that exists and also on the forum, where I say that the project is a fraud that would be detrimental if he joined him.

[DabsPoorVersion]

Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)

since using cryptoccurency makes you anonymous, there is no punishment for people behind those fraudulent projects. no one can capture them especially if they are using fake identity in their projects.

[AgentZero23]

Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)

I don't know what kind of charges appropriate for these scammers and I'm sure they all deserve to be behind the bars. I have participated in some fraudulent ICO's and some of them are quite legit because they attended in some roadshow. And after the ICO's they just went dark and run away the money. And i feel sad to the investors and bounty hunters which we don't deserve.

[Crypdon]

Scammers aren't just dumb thugs with a knife, these people are highly intelligent even more so than you and me. They will have layers of protection, and create lots of fake profiles. Catching these guys will require NSA data and it's not worth their time.

[bitcoindusts]

At the moment, the topic of punishment for the ICO scam is very rare. In almost all cases, everything remains with impunity. If Iko scum, it is unlikely that someone will return something to you.

Truly, there are no effective means to lay any punishments or rebuke a particular ICO the proved to be a scam.

Remember that ICO remains largely unregulated. In fact it is for the reason of being unregulated that many took their projects to a tokenized crowdfunding platform. They are not to be held liable for any loss nor any damage pertaining to the project investment, support or participation. And us, agreeing to their legal disclaimer could not really make any legal appeal when we fall prey to those scams.

[Bitcoin1216]

It must be understood that currently there are too many ICOs that are scams, this is what makes investors afraid to put their money in the ICO, I believe that the biggest factor that makes bitcoin marketcap even stronger is the large number of scam projects.

[soundrum]

I don't think any of them has been brought to justice and that's the reason why the menace continue to strive in the industry. Countries are still working to make laws that can be used to prosecute them

[cryptocurrency_coin]

Hi, everybody. Faced with a lot of fraudulent projects that collected money and quietly left. What sanctions and penalties are applied to them? If you know something, tell us, many will be very interesting to hear)

I am also interested in this issue as you.

[bitzizzix]

Punishment for fraudsters must stand so that they feel afraid and they will not do it again, because they have harmed many people in it.
everything will be a lesson and the law must exist so that those who want to commit fraud no longer exist.