What to do if you are deceived?

[neonshium]

Calling them on phone wouldn't make any sense. You're calling a scammer on phone and what do you expect them to tell you, to reveal to you that they are scammers? Lol, they wouldn't do that.

I think the best thing is just for you to work on your research and know what is right and wrong and you should also discuss whatever project you want to invest in the forum with people, and not just in the forum, you should also post it on Reddit and have experts look into and tell you whether you should go on with it or not. If they see anything suspicious, they'd probably tell you to give up on it.

[Coyster]

The best decision is to try your best not to be deceived, because it's difficult to get back at scammers in this network.
Though certain actions can be taken, but mostly it doesn't yield anything, do a proper study of the project before giving them your money, so you wouldn't have to run around to retrieve it in the first place

[winterrose]

Interesting ideas for checking projects, but I personally have not invested money at the ICO stage for a long time, participate in bounty campaigns and trade. I don't see any effective tools yet. Unless if before the ICO, the project should be ready for launch.

[Mikell556]

The best way to protect investors from fraudsters is to enter a third party into a transaction so that it receives money and issues them to developers only after a phased execution of work.
Right now they have come up with such an option as an IEO, where large exchanges have begun to appear as a third party, which guarantees that investors will not be deceived.

[seggardinggins]

All the suggestions or opinions of the people here are very good for me and need to be tried because if you just say it without doing it, it doesn't seem serious. To defeat the deceiver we must unite to create a group and continue to find a good solution. Honest is not an easy thing but this is for the sake of ICO's future to be safe.

[Lanatsa]

Calling them on phone wouldn't make any sense. You're calling a scammer on phone and what do you expect them to tell you, to reveal to you that they are scammers? Lol, they wouldn't do that.

I think the best thing is just for you to work on your research and know what is right and wrong and you should also discuss whatever project you want to invest in the forum with people, and not just in the forum, you should also post it on Reddit and have experts look into and tell you whether you should go on with it or not. If they see anything suspicious, they'd probably tell you to give up on it.

A wise thing to be done which if you are already coming to a point where you have doubts and would want to verify something then asking out the community
isn't really a bad idea yet you can able to see peoples insights towards a certain project and with that you can make your own decisions towards on majorities inputs but
be careful because some of it would really be just shills or lies.

[mrdeposit]

Interesting ideas for checking projects, but I personally have not invested money at the ICO stage for a long time, participate in bounty campaigns and trade. I don't see any effective tools yet. Unless if before the ICO, the project should be ready for launch.

I guess it might be the best choice if you stay away. It is just more logical to continue with more reliable ones. This could be a new currency to be created by CEO of any successful project, or Binance's sales or...

[miropp]

Yeah, right. You should do a thorough research before investing. Even if you do not manage to bring fraudsters to justice, such a measure of caution will still not be superfluous.

[kemetz]

I think there must be a regulation that defies the new ICO projects created by the developers, every ICO that will come out must be able to prove that they are really supportive of the project being made and there must be a check to make sure, if they are rejected it was easy to look for it and fell in punishment according to his actions which made many victims deceived.

[Ultimist]

Yes, it will be useful to check the validity of the location and identity of the team. However, even this will not save you from scams. Because there are times when the project simply could not achieve development and dies, because the team did not cope with it.

[gaj ahmada]

it is difficult to punish people who commit fraud because of the lack of legal guarantees from the government, making it difficult
to get people who commit fraud in crypto to be arrested and imprisoned
if crypto has been legalized by the state, surely there will be rules to protect crypto users

[reynald70]

it is difficult to punish people who commit fraud because of the lack of legal guarantees from the government, making it difficult
to get people who commit fraud in crypto to be arrested and imprisoned
if crypto has been legalized by the state, surely there will be rules to protect crypto users

Yes it's true, because at this time Crypto has not been legalized in all countries, so Crypto is still vulnerable to fraud which leads to loss for users, so in Crypto we have to be very careful.

[rijaljun]

ICO for me won't die however scammers are increasing by time. There are many solutions to avoid scam project actually. some are from ourselves and others come from the event. Binance has built a great solution for people to invest in a trustable project by inventing launchpad. The more trust-worthy exchange to provide ICO launching service is the more we can avoid scam project. But, rmemeber that scammers are smarter day by day.

[mickey_miner]

I think the easiest thing to do is to contact the developers before investing or before you decide to participate in the bounty of this project. You need to contact directly by phone, if it is specified or it is best to go and look at the address indicated on the website, is there really such a company. If this is not possible, but create a theme and ask people to find out if there is such an organization or people.

At the moment, it is almost impossible to find scammers and the police rarely take up such cases.
This method will not help everywhere, if the project is created by professional scammers, they will think through all the details and you will be deceived.

[zikabra]

At the moment, it is almost impossible to find scammers and the police rarely take up such cases.
This method will not help everywhere, if the project is created by professional scammers, they will think through all the details and you will be deceived.

At the moment? It has been always almost impossible to find them especially anonymous scammers, some of them sometimes make mistake and reveal their information but mostly no one can do anything about it.
They make crypto looking like crap.

[ninja811]

If you are deceived in the cryptocurrency market, it can mean in almost all cases that you have lost time and money.
No need to despair and stop working in the cryptocurrency market.
Failures should be seen as an invaluable experience that will help you become very successful in the cryptocurrency market in the future.

[toydoll]

I don't think we can do anything about the crooks .There will always be people who want to get all your money and steal from you.Perhaps some serious regulators will help.In the meantime, all my investments are at great risk.It may be profit or may lose everything and no one will help me get the money back.

[prasad87]

Most jurisdictions would punish scammers, but your hopes of recovering funds are ... well you better forget about it. The best thing you can do after being deceived is extracting the right lesson from the situation and never putting yourself in a similar situation.

[OZmaster]

Most jurisdictions would punish scammers, but your hopes of recovering funds are ... well you better forget about it. The best thing you can do after being deceived is extracting the right lesson from the situation and never putting yourself in a similar situation.

It depends where you are and what options you have, but in a lot of the cases recovery of your funds will be hardly possible.

[JeromeL]

Yes, you forget about ICO. This form of attracting investment survives lately. Now the new trend is the holding of an IEO at major exchanges. There is at least a guarantee that you will not lose all your money.