who is responsible for the scam project

[pacman7331]

Actually, you can't say by seeing the face who is a scammer and who is not. I think  scammer themselves and who supports scammers to scam people's money, they are all responsible! And the punishment should be the prison for a long time. to scam.

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[vicvicto17]

It should be the one who created the tokens or owns it. Yes there's alot of scam project that are creating every day. They just want your money that's why they create a project that you'll be amaze but there's a loophole on that they use to copy cut a whitepaper/ project to sell their products in public but gaining popularity.

[indrakusumaindra]

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

well its quiet obvious, its the one who created the ico and thats the reasons why all ico should be regulated to minimize and avoid scam on investors.

[1mile]

People who are run scam project are bad folks i hope someday they'll be all put to a halt.

[nytstalker]

It's obvious who is responsible in the scam project, it is the developers who make the project. They use the project to gain a money and runaway to their investors.

[ValerieBTC]

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

there are a lot of peopel whk are responsible for scam projects and i think that it is impossible to cat h them all not right now

I think the person who is responsible for scam project is project manager. He knows everything about the project but still continue with this. The only aim is to collect huge funds and disappear form the market. The problem is this that you cannot claim your lost money and there is now law for such people in cryptocurrency market. These people should be put to death.

[AimHigh]

Of the person who in charge on that project who causes the scam because if they didn't want a scammers before they manage a one website or bounty they need to screen carefully before they accept that project so that the incharge who is one of the responsible. Just like what I'm joining in one bounty he saying that this month is the distribution of token until meet that month and I asking always what is happening he didn't replying or he ignoring me so it means the project was scam and he is one of the responsible of this. So my question is how we punish this kind of manager or who responsible on this.

[andieoke]

No one is responsible for fraudulent projects, because Cryptocurrency is immune from law. All risks are individual responsibility. That is why it is said that investing in Cryptocurrency is very high risk, and this is one of these risks. So before we participate in an ICO project, we must do research on the ICO project.

[clipto]

The team of this project is responsible for fraud projects and we as investors as well. If everybody would check an ICO that he wants to participate in, before the actual investment, there would be much less fraud projects at the market right now.

[meldrio1]

If investors aware from scam project no one will get scammed, we can not stop the scammers so the only way to prevent scam is doing research from the team.

[RedzoneASE]

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

For now I am hearing that SECS is one of the authority who is setting the law to punished individuals who are using ICO project to scam investor's.

[DeKingCrypto]

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

I believe should know that the project owners are the ones responsible for any scam on the project or maybe a betrayal from the dev. team can be responsible too.

In terms of punishment, it is unfortunate that we don't have any rules put in place for that yet. Thats why many people are calling for regulations.

[Viscore]

If investors aware from scam project no one will get scammed, we can not stop the scammers so the only way to prevent scam is doing research from the team.

Definitely they are but somehow they are fooled for scammers due to big offers and wanting for quick returns from their investment. It could be their realization for now and they might changes their vision towards crypto.

[Tarion]

Most likely the team of the project or the devs. But at the moment, I think the market is the main factor of almost every ICO failure. Projects cannot simply reach their fundraising goals, because nobody wants to invest in ICOs at teh moment.

[cafee_orange]

no one will be responsible, only we ourselves are responsible, there are some managers who are blamed when there is a scam project.
but what if the manager doesn't know?
he is also a victim like the other participants.

[pinoy.bolanon]

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

Scam project is unpredictable to investors and traders and bounty hunters, but it is known already to the individuals who are running the project, so we cannot blame anyone except the developers itself. The only way we can do is to put into jail all scammers to make this things stop.

[fuer44]

of course the development team in it. usually they disappear from any group, whether it's telegram or in the thread bounty itself. unfortunately the crypto industry has no legal power, so that all forms of fraud cannot be handled by the state law.

[Btcvilla]

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

of course the manager who is very responsible for every action on the scam ico, the first thing a manager should know is in the marketing strategy and almost all of the ico who always scam manipulate profits and bonuses. and this must be known to maneger

[fen32]

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

Some people create special projects to deceive and earn money for themselves. Yes, and cryptocurrency is considered unrealistic money, so the punishment is not to be given to anyone.

[arinalwa]

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

What do you mean who is responsible, you mean the one that will run after the ICO proved to be a fraud, you can report it in the country where they are operating but it's better to report them while they are still in their ICO stage, because some of them are using fake profiles you will not know who you gonna run after.

you can report about ine project but there will be a few more so i think that it is necessarg of cpurse but you will not stop scamming like this

yes you will not stop scammers like this buf you can stop one of them and if we cooperate our efforts we can achieve good rwsults

Yeah it is definitely impossible to catch these scammers. There is no system law for such people because cryptocurrency is still decentralized and government has nothing to do with your investment. You will be responsible for all what you do. Due to these scammers most of the people now afraid of putting their hard earn money in cryptocurrency.