Why people are not fighting with post-ICO scams?

[GreatOrchid]

I don't think it's easy to fighting with ICO scams, investor are not silent, they don't know how to do, that's not easy to get back our money, tried to check bitconnect ponzi scam and the latest one is Athero, team silent after ICO and don't have post within 1 month, they told us go to vacation, but seem like is exit scam, I don't think mercatox exchange will help investor caught them. Arrest them ? ... not easy than as you think.

That's definitely true, it is difficult to track ICO scammers, since we are not aware if it is there real identity and there exact location. Calling any SEC or authority is not enough to track them and if recovering our lost money is also hard to do as long as crypto is behind it. The wise thing to do is not tolerate yourself to invest in a project that has no potential to grow. By doing this, we should first look for their whitepaper to evaluate the feasibility of success crowdfunding. Then join their social media sites, join in telegram to interact with the team to find out what is there real motives  and also educate yourself for positive and negative aspects.

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[Mianae]

There's no point crying over spilled milk with crypto anonymity, whom do you know from those projects which you can hold accountable for the scam? With all this, you move on and forget about the lost funds hoping you can recover it from other projects that ain't scam.

[zikzag]

Because cryptocurrency is not law in most countries of the world. If you invest in an ICO, it is only at your own risk.

[sempak]

They are still confused in doing reports to others, so it makes them confused to be able to do the report, many have tried to do prevention but it is indeed difficult because ico is almost indistinguishable which is scam or not

[Milamol]

In several telegram groups, I watched as people tried to get their money back. This went on for months. What ended I do not know, since I left these groups. I think that people could achieve nothing but promise, and then ignoring. ..waste of time...
This means that instead of trying to get their money back from here, they could find a couple more projects and get their money back from there.

[FanEagle]

Many countries have not adopted a law on cryptocurrency. This means that it has no legal force in the state. So you can't do anything here. Just need to be careful and attentive.

Scammers will still be at large even when they decide to adopt a cryptocurrency law even in the centralized market that has all sort of rules and regulations, the rate of scams everywhere is alarming, this is a bad practice we cannot really fish out completely.

But like you said, it is now left for the investor to be very careful in choice of project and not be greedy, most of these people that are full of regrets now after falling into the arms of these scams are greedy, I am not saying all but big percentage of them, that is why they see a coin that seems promising to them and invest very large amount of money without splitting the risk.

[yeniruieni]

Legal proceedings cannot enter Cryptocurrency. Because Cryptocurrency is anonymous and not legalized. If the government makes regulations regarding Cryptocurrency and all people who get income taxpayers in this country. I think all forms of fraud that occur here can be in the legal process.

[Bonwin]

There is this general notion that once an ICO sells successfully and it is listed on exchange and sometimes on several exchanges, it cannot be a scam. On the contrary, some of these ICOs tend to dump their tokens even after listing, leaving so many investors at loss. We need to rise again this course as well and be keep a keen eye on the contract address, because that is one of the evidences.
Also some just stop their products at MVP, with no further development.

[edisystem]

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's because of the investors itself are fake and the ICO update (the number) on their website is also fake.

It's a bait to attract investor to invest to their project because if the investors are real, of course they will talk and open a scam accusations against the team project.

[anatolij.shishkin]

And how do we deal with this. If we knew the answer. We would solve all the problems and become rich. Because knowing that high quality projects we would always invest in +

[ansarose1]

Simply because government is not attentive upon crypto scams, some country doesn't even accept bitcoins and altcoins, some accepts crypto but it ia not their scope about scam accusations, but i think we should report scam icosl's and projects so that they cant victimize others.

[maculeth]

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.

[Samboo]

Your view about lax law and lax police action against the scammers is also partly true. Police and the authority have in many cases taken action against such fake projects that have cheated many investors and bounty hunters. What is true is that there are not strict ICO regulations and cryptocurrency regulations, which is making the matter even worse. So strict regulations should be in place.

[Perie200]

People are afraid to reveal the origin of the money, I think, so do not go to the police. This is a very complex process that requires deliberate and deliberate action. In the field of cryptocurrency investment, you can only rely on your experience and luck and not invest the last money!

[GreatOrchid]

It is not that the investors or any crypto user that have been scammed by those post ICO scams don't want to do anything about their money that was taken unreasonably from them. In fact, they wanted to get it, but how? They cannot contact police or any government officials to report this kind of matter as we all know that the world of crypto currency is dependent form any government connections because of being decentralized. The police or lawyers have notjng to do with us. The only thing that the investors could do is to move on from their money and accept the fact that they have been scammed. Since they cannot do anything to find the scammers, the best thing that they can do is to restart again and made it as a lesson and another experience here in the crypto industry.

[Svarora]

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

[crispyfry211]

If investors are lacking in knowledge it's likely they will not know whether ico or not a scam because as long as they enter it in cryptocurrency without sufficient knowledge they can only fool. but many investors are opposing the scam by reviewing project icos before they can join it. and for promoters or bounty hunters they should also take care of projects that they promote to not cheat with icos scammers.

[BitcoinHunt3r]

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.

[prtty2gal2]

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.

[JohnMacZeppelin]

In real life, there are very few examples of truly bloody development of events that would show how seriously they are cracking down on those who are really trying to deceive other people. Why don't they talk about it today? Because very few people are really caught.