Why people are not fighting with post-ICO scams?

[jhongzjhong]

Just ask yourself why you didnt take such actions against ICOs which scamed you ;-). I think most of us dont feel that it is worth the effort, especially when you just invested your time as a bounty hunter and not a single dollar.

Because it takes a long time to process if you are going to chase them with your investment or a better way to move on and accept the fact that you are scammed just because you do not search it will how legit they are. Since start, we know the risk that we are facing when we invest in ICO. So, let's just prefer the result in the future not all investment getting profit.

[1714564562]

1714564562

[Sacramentus]

Are you saying all ico are scam or are you referring to a particular ico project?  Else then you are part of those promoting this scam projects. I urge you to be more realistic in your findings and try to make your statements more clear. By the I don't see many scam iCOs but am sure there are some out there currently

[Pithaxz]

I sometimes also think about this with the emergence of ico scam why is there no further legal action? but in my personal opinion it will lead to pros and cons. just as the crypto world has not fully obtained permission from each country and crypto is also very risky. so when we want to sue, it appears again. I mean because crypto is at risk (that's your decision, that's your risk, that's your responsibility) So, it's very important that we as bounty hunters do their best and avoid it if find any indication of a suspicious project.

[jrrsparkles]

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?

WHen ICO investments were not regulated by many of the countries then there will be no action taken against the people for commiting such crimes and they ca use the loop hole of the laws to get out from jail even if the people got arrested.It is really hard thing to prove that they are the real profiles,they can easily claim that someone used our profiles because it all happening on internet.

[Mpamaegbu]

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?

Apart from the fact that most members of the team of ICOs are masked from the beginning (I think investors should by all means avoid these types of ICOs), there is always that danger of investors exposing themselves by going public and to court. The fear of getting burgled or attacked if people know what someone's crypto worth is real. In 2017 we heard several stories of such attacks when Bitcoin was bullish.

[Chika08]

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.

[sirohige]

Just ask yourself why you didnt take such actions against ICOs which scamed you ;-). I think most of us dont feel that it is worth the effort, especially when you just invested your time as a bounty hunter and not a single dollar.

I suggest you do not like that, he made this thread because the OP felt confused and asked for responses for the members here who are experienced in the ICO world, if you do not want to give good advice to the OP then you should not be here even in this forum.

You are only a bounty hunter here, not helping to develop this forum better than before.

[baghdatis1990]

      People who make false ICO projects for scams do not show their identity and do not pass on real information about them. I was a reward hunter in several ICO SCAM projects and it was discovered that they did not have real people in the team and that they were SCAM projects. So, it's hard to fight escortry, as long as you have no real information about it. You should find a solution to remove SCAM projects so you can not post the project until you pass a KYC.

[Sebas.tian]

The investors know that the trouble finding and making the suspect liable for their crime is not worth of their time and their actual investment. There are some who pursue the scammers but this proved hard if not many investors joined up.

[various]

If the people behind scam ico are certain, there is no reason not to be arrested. We've heard of a lot of arrests recently. But if the project team is uncertain, there is nothing to do. The only thing that can be done is to announce them on social media and prevent people from wasting their investments.

[kevinzxz]

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?

because in my opinion it is useless and only spends time if we want to fight with ICO scam, because our money is gone and in my opinion it is useless to call the police or report it, because ICO is not legal and there are no legal ICO regulations.

[kingpin4321]

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?

Well one of the reasons why it seems that people are not fighting against post ico scams is that it's hard to know an ico scam project from the beginning and the system is decentralized

[Ucy]

Could op be a more specific by listing the number of scam ICOs so that we can have something to talk about?
Crypto world is not the only place on the Internet where people get scammed. Investors fall for the scammers in crypto like any other place. Scams can be reduced with the right informations and tools.

Some scammers still get arrested though.

[Averim]

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?

ICOs are not reglementation so police will not help and there is no measures that somebody could take to identify the scammers, it is hard even to male one list with the scammers.

[Golstrim]

They try to fight sending letters to SEC and talking in telegram chats, but it leads to nowhere.
There is no regulation, so no measures can be taken in this case.

[mrdeposit]

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?

If everything was that easy, it would not be that difficult to find scam projects. The scammers are becoming even more professed as time goes by. Also, most people do not do in-depth research before investing.

[daarul50]

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?

Why the above can happen because maybe the person who made the ICO is the investor himself. It's useless to report to the authorities about ICO fraud because the officers will not take action against your report because crypto is not regulated by any party so that all risks are borne by each person.

[Gabali126]

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?

Yes you are right. I have always wondered why in spite of the numerous ICO scams reported, there are no litigation issues. If the ICO founders are sued, I believe others or upcoming projects will be more serious.

[radokan]

Who will fight? Whom have you referred? Aren't you one of them? The first fight should be started by ourselves. And people are fighting. Have a look on reputation thread. ICOEthics has already busted a lot of ICOs. Some other people also doing the same.

This is more like question what to do after everything is over. Prevention is better before than it happen of course, but what if it happens, you can't stop it then.

It's useless to report to the authorities about ICO fraud because the officers will not take action against your report because crypto is not regulated by any party so that all risks are borne by each person.

This is very bad assumption, every country has cyber crime division, they won't take action against anonymous and unknown people for obvious reason, but if people who run ICO and exit are known, once reported action will be taken against them.

[yrrehc16]

I do wonder why there are no people looking for the scammers in legal matters.
They can if they want, but i think they dont want their identity to be in public.
And we dont know if the person on the website is real (team members).