who is responsible for the scam project

[clavirda]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

I do not think that someone should be responsible for such problems. Unfortunately, it is impossible to completely eliminate fraud in any field of activity. It is unlikely that it will be possible to somehow regulate this problem, just the investors themselves must be smarter and more careful when choosing a project.

[1715605272]

1715605272

[batang_bitcoin]

Greedy people who have seen this space as an advantage and milking cow for them.

Due to the popularity of ICOs few years ago, it has been crowded by almost every idea for an ICO. Even a joke ICO can be made well if they have a budget for marketing. It's a cycle that these developers has been doing, at least this year many people have learned about these fraudulent projects.

[reynald70]

I think in the World Cryptocurrency is very free, so there is a lot of recurring fraud, with the ICO system that makes fraudsters feel it is a very easy part to cheat Investors, They create ICO fraud, and when someone has been victimized by ICO fraud, then no one is responsible for losing his money. So if there is no one to regulate the ICO, I think there will be a lot of cheats under the guise of ICO.

[nicolas1979]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

I believe developer have the biggest responsibility about it, support team only help to get success and us as bounty hunter/ investor/ trader only try to built the project with activity. Developer is the team/ person with high education and tools to make new idea become reality, this is not easy but risk to become scam should be minimize. Back up plan and fund must have before promote the project, prepare for the worst is the best project to follow.

[hawkins]

even in the real world there are also so many scammers. I think it was done with the agreement of both parties, without anyone's coercion. when you invest, think carefully, sometimes on the internet it's harder to find someone who makes you scam. well, I've also been exposed to such things several times. but you can see the whitepaper, and see the team there.

[nlaara12]

Those that are in not because they care about crypto and blockchain tech but because they want to make miney out of someone, they are here to con investors of there hard earn money.

[leavolnhals]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

No one will be responsible for a fraudulent project. You can report the project manager on bitcointalk but that penalty is only red trust. They only need to give away 0.002 BTC to lose red trust. This really made me feel very unfair. We need to clarify this and the scammers need to be punished.

[Ourplealis]

In fact, I have never seen or heard the news for punishment for the person in charge of the scam project. Who is responsible? The question should be when the fraud project will occur, it should not be given space. In order not to harm many people in terms of time, money and energy.

In the past there were a lot of projects who scammed people and was never punished the reason was that in that time it was hard to find that which project is scam and which one is legit but now people can know that which one is legit so no one can scam and people invest only in those which team members are KYC verified.

[baghdatis1990]

      Responsible for fraud projects are team members, but unfortunately they can not be identified. We fall into their trap, because we invest without researching. If we are smart when investing and choosing strong projects, these scammers will disappear. So far, many have lost money in nonexistent projects, but I hope they have learned from mistakes.

[#Darren]

Everyone who is participating in this project. The main responsibility has the team and the devs for sure, but the bounty hunters and investors are responsible as well. They did not checked the project correctly and promoted scam.

[moneyangel]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

We should be responsible on our actions here in crypto as we know that scammers are everywhere. Chasing scammers will takes time and this will depends on what country they are hiding.

[Malamok101]

So many peoples always Do scam project in altcoin bounties but for me theirs no responsibilities of this situation because human do. So lot of people be wise before investing in every ico or project.

[luthvie]

if you ask who is responsible, the answer is the person or people whos not have heart, and rob other money by modern way with technology and digital asset scheme.

[awakpane]

In my opinion. no one is responsible if there is a fraud project. because we can't track their whereabouts. for that we need to be careful in investing in projects. we must analyze before joining and investing.

[george_hured]

Greedy people who have seen this space as an advantage and milking cow for them.

Due to the popularity of ICOs few years ago, it has been crowded by almost every idea for an ICO. Even a joke ICO can be made well if they have a budget for marketing. It's a cycle that these developers has been doing, at least this year many people have learned about these fraudulent projects.

I think that this is not the end of this process and in the future we will still observe this process since in the future there will be many situations that will show fraudulent schemes like today. I am sure that by that time people will do something for this.

[SinisterBountyHunter]

The only responsible people that intends to make scam projects and affect other investor, is a cryptocurrency player also. Because they know what they are gonna do, and they targeted those people that have slight knowledge about the ico.

[sieemma]

Most ICOs end as scam because they don't reach even a quarter of the minimum funds to raise. This leads to a closure of the project. I may also say some are also intentional, they are hidden under shakes, with no identities and yet people would love to invest.
Always invest what you can afford to lose.

[hellyah070]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

We may be sure that the team really is anonymous, they are not really presenting their real identity in all of their accounts, we can't easily find them so, I guess if we've got scammed, we are the one who is responsible to it.

[KingOfWinterfell01]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Fraud projects are responsibility of fraud developers. They just lure in innocent bounty campaign manager in the hopes of actually getting paid once everything becomes profitable. But then again, it doesn't so the bounty manager is left unpaid as well as the participants.

[pearcy jackson]

responsible people are all the teams involved in the project, because they dare to carry out the project, and it turns out that it is a scam and harms the community. they must be punished.