Why people are not fighting with post-ICO scams?

[superstarbtc]

ico scams play very smart game in closing the ico most of the investors are nt unaware whether the icos is scam so in the waiting time they forget to fight with those companies and it is practically difficult to track and close icos why because they are hundreds  of icos coming daily

[integrity42]

ico scams play very smart game in closing the ico most of the investors are nt unaware whether the icos is scam so in the waiting time they forget to fight with those companies and it is practically difficult to track and close icos why because they are hundreds  of icos coming daily

Even if you know what kind of people created the ICO project, it will still be difficult to get justice and very little chance to get your money back

[letyouearn]

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

The thing is - there is nothing to arrest them for. The conditions of such ICOs are written in such way that you can't really blame anybody. You bought tokens, you got them. What do you want now?

[electronicash]

because ico has no clear and legal legal basis from the state. so for investors to report the scam, it looks like it will be a 50-50 thing between investors and developers. because the developer will also certify that everything is being worked on and worked well. unless there is a clear and legitimate legal basis, and the state acknowledges it before launching it.

if so, the story will be different again, everything will be planned and there will be guarantees.

You are right, it cannot be reported when people that are meant to protect them even sees crypto as scam, not to talk of ICO, they will surely ask the investor why he didn’t invest in a centralized investment such as IPO and STO and when it comes to ICO scam.

There is automatically no developer involved that will certify that because most of the things on their white paper end up being full of deception and for state to acknowledge such project, it must have automatically started operating on a centralized system but so long it is a fully decentralized projects, the best is for every investors to be more careful in choice of project because it seems nothing can really be done now to cub scam activities through ICO.

even the less evil team lie about their whitepaper, if you read between the lines you'll find out something to fud around when you want the price to dip for your advantage.

there are users fighting ICO scam which is why there is a section about scam accusations and reputations, you shall find some busted ones there. ICOs are said to be regulated by SEC, maybe later on we don't have to keep our guard.

[Adya]

and how people suppose to do that? arm with pitchforks and torches and go to the nonexistent office in other country? also people shouwd learn what is scam.

[Mr.Spreadthehamster]

It is fair to say that combating fraud in the ICO sector is extremely ineffective. And therefore, professionals initially advise to avoid such projects in all possible ways, since there are no guarantees that the victims will be able to find the attackers and compensate for the losses through the legal mechanisms of this state.

[mrdeposit]

The main aspect is lack of knowledge. Investor dont know where to complaint how to complaint.  They just donot the platform where they have to go to file a case. Moreover the legality aspect is also another issue. People ade air that if govt know about their investment then thats the reaction of govt. Spreading education about crypto is the formost requirement

Don't forget  some investor maybe not new player in this business. Some ICO project already said if they not force people to invest and before invest, investor must ask from some professional first. That is why before invest we must read their whitepaper first.

Investors decide to invest in the project if they can see a light at the end of the tunnel. Making false assumptions is the job of scam projects and they keep lying about the roadmap with delaying the expected event times.

[Hamphser]

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Created of real profiles? Then you are not totally got familiarized with most ICO projects where most of them do have shady team.
Fighting against them is somehow pointless thats why you do see that most investors cant do anything about it.Due to anonymity feature
of crypto, scamming people/investors is pretty easy.

[bhabygrim]

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

I think it is really hard to fight when we are facing some anonymous scammer ,
We couldn't point who they are in real life because of their fake profiles and names we don't even know if what they use is just a made up names or their real names.
So even if we want to do something we just couldn't do it besides it is our fault in trusting them with our money.

[Bloodseekers]

If you say Why people are not fighting with post-ICO scams? I think you wrong, people is fighting about that, for example in this forum have scam accousion, and always updated to avoid scam, if you say about report to police, etc i think that's too complicated, wasting time so many investor say "let it go, we still have a lot of money

[Magister Magus]

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

Life is too short. Best go after the next project.

[kisfoxs]

Everyone certainly wants to avoid fraud. But in the Crypto world, there is no criminal law because everything is anonymous. Even in my country, income through Crypto is not subject to income tax. So to report crimes to the law certainly cannot be processed.

[IVEXO]

Hello, we are all witnesses of ICO scams. But I am just wondering why people are not fighting against it?
Why people, especially investors are silent. Why they do not try to do as much as possible to get their money back? Calling police, lawyers and so on?
Many ICOs are created by real profiles - so it won´t be hard to arrest them, right?

In most countries crypto currency is tagged “at your own risk”
So when fraudulent issues occurs; hardly do you find any security agency interested in the situation

Just dyor and invest wisely (what you can afford to lose)

[GreatOrchid]

Where and how do you want to fight them? The only way to fight them is to ignore them. When you find out a token or project is scam the best thing to do is to tell the community about the scam and everyone will avoid it. I don't  know which other way to tackle it.

Very well said buddy. Those investors or any individual that have been find out that a certain post ICO is a scam, the best thing that they could do is exposed it eventually in the crypto community. But that way, you not literally fight the scammers but you punch them in others way. Another thing is that, you help other people to avoid that scam ICO and to be not another victim of those scammers.
Since we all know and aware that we cannot truly fight them in a way that wanted to arrest them and get out money back, there are still ways we can do to make them pay for what they've done.

[No One]

Just because authorities like law enforcing agencies are ignoring the issue. There is not regulation in place. As a result, people are running their business
related to cryptocurrency illegally. There is no concerned agencies to deal with issues of any cryptocurrency-related projects scamming people.
Besides ICOs, I have seen an exchange named BiteBTC scamming hundreds of people of millions of rupees. Still it is operating like there is no laws regulating and taking action against frauds. It seems, everything, legal or illegal, is okay in the crypto market.

[Accepted_check]

Where and how do you want to fight them? The only way to fight them is to ignore them. When you find out a token or project is scam the best thing to do is to tell the community about the scam and everyone will avoid it. I don't  know which other way to tackle it.

Very well said buddy. Those investors or any individual that have been find out that a certain post ICO is a scam, the best thing that they could do is exposed it eventually in the crypto community. But that way, you not literally fight the scammers but you punch them in others way. Another thing is that, you help other people to avoid that scam ICO and to be not another victim of those scammers.
Since we all know and aware that we cannot truly fight them in a way that wanted to arrest them and get out money back, there are still ways we can do to make them pay for what they've done.

Yes, you may do that. But, that can't stop them. They will create again a project, new strategies, etc. Best thing to do is to ignore. We all know that investing here in cryptos is risky. You really have to do a deep research in that certain project. Before investing, you have to know the reason why they create that project. If it seems worthless, then back off.

[SinLinJim]

Where and how do you want to fight them? The only way to fight them is to ignore them. When you find out a token or project is scam the best thing to do is to tell the community about the scam and everyone will avoid it. I don't  know which other way to tackle it.

Very well said buddy. Those investors or any individual that have been find out that a certain post ICO is a scam, the best thing that they could do is exposed it eventually in the crypto community. But that way, you not literally fight the scammers but you punch them in others way. Another thing is that, you help other people to avoid that scam ICO and to be not another victim of those scammers.
Since we all know and aware that we cannot truly fight them in a way that wanted to arrest them and get out money back, there are still ways we can do to make them pay for what they've done.

Yes, you may do that. But, that can't stop them. They will create again a project, new strategies, etc. Best thing to do is to ignore. We all know that investing here in cryptos is risky. You really have to do a deep research in that certain project. Before investing, you have to know the reason why they create that project. If it seems worthless, then back off.

Scammers will always find ways to lure people and how to cheat, but the most effective weapon is still in our hands - ignoring all questionable projects, there will be no investment, most scammers will disappear

[tamango]

It's not so easy because many projects have their registered office different countries from yours and so also legal actions are not easy and very expensive. ICO scams know this fact that's why they still continue to live...

[MMA Rats]

And forgive me how to deal with fraudsters? I somehow do not even imagine this for myself. It seems that the regulators must somehow fight them, and we can only put up with their existence and protect ourselves in the first place.

[cribusen]

Because in the most cases people do not know for what do they want to fight. You do need to understand that if everybody is against regulations, there will be a lot of scam projects and we would not able to change it.