HOW TO KNOW THE IDENTITY OF ALL ICO SCAMMERS

[SistaFista]

Yeah i know what you mean. The local exchange in the scammer's country should have the identity of the receiver.
But what if the scammer do not send to their local exchange ?
I think it will be difficult to trace it just from the address of the scammers. If catching scammers was that easy, they wouldn't scam peoples anymore.

[shakesbear]

Just need to enter the mandatory passage of kyc for project developers. There are many ways to sell ETH and remain anonymous.

[Adriano2010]

Is not that easy if they not put any link or any real name about them when create ICO, i wish that people not invest so much money on ICO and lose. I hope they will somehow recover money.

[masterrex]

Its impossible to determine the real identity of those so called scammers. since most of the time they are not using their true identity and hiding in the anonymity of the crypto-currency for some instances they are just using fake profiles from the internet. thats why if we are not vigilant enough we just easily fall from those scammers hand without noticing it.

[Ucy]

The only way I know of is not something possible,is there a way that crypto address can implemented users KYC? Of cos no way ,but that seems to be what could solve this crypto crime we all facing presently, just think about it, with every address you generated you must verify with user I.D this will erase scammers off for good but I guess its never going to be possible

What then is the point of having cryptocurrency if addresses can be linked to their owners identities? Fiat currency does that already while crypto is meant to be about anonymity.

ICO isn't the reason scammers succeed.  Scammer are taking advantage of some features of cryptocurrency while avoiding the other features. They hide behind anonymity,  censorship resistance while avoiding features like transparency,  escrow, multi signature address, reputation and the use of smart contract platform (or any other secured funding platform) for scam free funding/development .

[ogini]

Before we fall or become victim of scammers we need to understand that cryptocurrency is risk investment that is more reason you need to invest what you can afford to lose.Scammers are intelligent thieves,sometimes you find it difficult to trace their actives. 

[Jrfranco]

I woke up this morning and just wondering how i can be of assistance in this race of making the ICO clean, because ICO is not what is bad, the scam being done is what is making ICO bad.

So let us pick it from this point, a scammer draft a whitepaper to get people's attention, innocent investors pays money to the scammers through Ethereum address, the scammer gets the transfer into his own wallet, he then transfers it to another wallet on a local exchange that will convert it to FIAT and transfer it to the scammer's traditional account.

What if we trace it from here, at least the account was transferred to a wallet, Local exchanges should be able to scan through their database to see the bank the scammer transferred the money to when he requested for withdrawal, at least investors knows the address they transferred the money to, which can be disclosed to exchanges to use for further research.

To make my point clearer, let me use an example, MR JOHH has ETH in is abc123 wallet, i asked MR JOHN to transfer money to my account from his address, the token from MR JOHN abc123 wallet landed in my wallet address abc700, and then i transferred it to the wallet address of my local exchange abc800 which is LUNO to chnage to FIAT and transfer to my account, LUNO should be able to trace my details to my bank since they have my KYC done already and since the receiving bank too has the details. i.e abc123 to abc700 to abc800 to scammer bank, bank to be contacted throug legal means to disclose the scammer information for authority to use.

In my own idea, there is no way we could predict the identity of scammers as they are professional in their field of work, we as a community should be aware of what we are engaging with, its up to us to become a victim.or not, its just a matter of self awareness, thats the most important thing in this field.

[Burogh]

Before we fall or become victim of scammers we need to understand that cryptocurrency is risk investment that is more reason you need to invest what you can afford to lose.Scammers are intelligent thieves,sometimes you find it difficult to trace their actives. 

Its true that every investment have a risk but we should minimizing that risk by doing some research. Its hard to know the identity of scammers because in many country ICOs not regulated. If ICOs regulated, i am believe scammers can be punish by law

[mrdeposit]

Firstly, the scammers are not as brainless as you might think. If they do not mix the coins, they are already caught.
Secondly, this is already done. Therefore, everyone suggests that we need to use decentralized exchanges.

[sctunter]

easy to say and hard to do
how if the scammer transfer all fund from scamming by zcash coin
u can't tracking the address or even the user who using that address

[alexsandria]

I woke up this morning and just wondering how i can be of assistance in this race of making the ICO clean, because ICO is not what is bad, the scam being done is what is making ICO bad.

So let us pick it from this point, a scammer draft a whitepaper to get people's attention, innocent investors pays money to the scammers through Ethereum address, the scammer gets the transfer into his own wallet, he then transfers it to another wallet on a local exchange that will convert it to FIAT and transfer it to the scammer's traditional account.

What if we trace it from here, at least the account was transferred to a wallet, Local exchanges should be able to scan through their database to see the bank the scammer transferred the money to when he requested for withdrawal, at least investors knows the address they transferred the money to, which can be disclosed to exchanges to use for further research.

To make my point clearer, let me use an example, MR JOHH has ETH in is abc123 wallet, i asked MR JOHN to transfer money to my account from his address, the token from MR JOHN abc123 wallet landed in my wallet address abc700, and then i transferred it to the wallet address of my local exchange abc800 which is LUNO to chnage to FIAT and transfer to my account, LUNO should be able to trace my details to my bank since they have my KYC done already and since the receiving bank too has the details. i.e abc123 to abc700 to abc800 to scammer bank, bank to be contacted throug legal means to disclose the scammer information for authority to use.

Basically, some other people can just use a chip mixer, or something that will going to hide their identity while paying some amounts, for example, in Bitcoin, there are projects that are intended for users to deposit their money and in return, it will be mixed and will have another address for their security.

[Wintersoldier]

Your example is easy to say, but it's hard to do. How if they use the third party in their local area to convert fiat? That will be difficult to trace since you don't know who is the third party person who receives the token. It needs a lot of things to clean the scammers, and it won't end in a short time. It's related to many people, and you need to trace one by one of the wallet so you can find the real scammers and track him down.

Besides that, they should have prevented from being traced by anyone, so they could use the fake identity to cover their action especially if they are expert in their field.

In the first place, the first step this scammer will going to do is to hide their identity through the use of VPN softwares that will going to make their located changed, and not also using the usual browser that we have, another thing is to use another wallet address through the thirdparty projects that you are saying.

[Pamadar]

Your example is easy to say, but it's hard to do. How if they use the third party in their local area to convert fiat? That will be difficult to trace since you don't know who is the third party person who receives the token. It needs a lot of things to clean the scammers, and it won't end in a short time. It's related to many people, and you need to trace one by one of the wallet so you can find the real scammers and track him down.

Besides that, they should have prevented from being traced by anyone, so they could use the fake identity to cover their action especially if they are expert in their field.

In the first place, the first step this scammer will going to do is to hide their identity through the use of VPN softwares that will going to make their located changed, and not also using the usual browser that we have, another thing is to use another wallet address through the thirdparty projects that you are saying.

they are not lazy to provide and allow victims to traced them out, scammer do planning too before making any thing they already have a good set of plans on how they will hide everything without any trace, wallet mixer services are all over so they will enjoy the luxury bringing all the scam funds to one of this service and freely transfer everything clean to their local wallets.

[simpelplan]

for all I don't know exactly, but there are some things we can do to find out whether the project is transparent or not, such as in terms of the address of the team / project, their background experience and their work map. from there we can conclude how they worked before we joined the project.

[Astvile]

Ico publishers are  smart enought to think of using other third party or mixing the transactions before they exit the scene,scam icos are hard to identify if the team behind it has been doing it for a long time.Professional scammers do know how to hide their dark intentions

[Chomsy]

I woke up this morning and just wondering how i can be of assistance in this race of making the ICO clean, because ICO is not what is bad, the scam being done is what is making ICO bad.

So let us pick it from this point, a scammer draft a whitepaper to get people's attention, innocent investors pays money to the scammers through Ethereum address, the scammer gets the transfer into his own wallet, he then transfers it to another wallet on a local exchange that will convert it to FIAT and transfer it to the scammer's traditional account.

What if we trace it from here, at least the account was transferred to a wallet, Local exchanges should be able to scan through their database to see the bank the scammer transferred the money to when he requested for withdrawal, at least investors knows the address they transferred the money to, which can be disclosed to exchanges to use for further research.

To make my point clearer, let me use an example, MR JOHH has ETH in is abc123 wallet, i asked MR JOHN to transfer money to my account from his address, the token from MR JOHN abc123 wallet landed in my wallet address abc700, and then i transferred it to the wallet address of my local exchange abc800 which is LUNO to chnage to FIAT and transfer to my account, LUNO should be able to trace my details to my bank since they have my KYC done already and since the receiving bank too has the details. i.e abc123 to abc700 to abc800 to scammer bank, bank to be contacted throug legal means to disclose the scammer information for authority to use.

This won't be easy because that is why crypto is decentralised. Most exchanges prefer to keep their community members anonymous and in this case, how do they assist to trace such scammer. Bottom line is, investors should be careful choosing projects to stake their hard earned funds.

[asepsetiawan1990]

Basically there will be traces of transactions carried out by scammers. To carry out wallet tracking requires special time and considerable human resources. I hope there will be a special elimination of scammers

[trade2winnn]

This is very hard because many people remotely and masked do so, and calculate them to be almost impossible,although sometimes calculate,you need to be more careful and attentive,in order not to get to the scammers)so be careful)

[sandgluenick]

This is very hard because many people remotely and masked do so, and calculate them to be almost impossible,although sometimes calculate,you need to be more careful and attentive,in order not to get to the scammers)so be careful)

It's true that doing it isn't wrong, especially for the common good to catch Scammers, but on a scale that might be beyond our strength it would still be difficult. In my opinion, we must unite to find a way and must have a network or authority about criminals, because we know that Scammers do it through many intermediaries that we don't know at all.

[pungopete468]

Checking their team regularly is something that must be done to be able to ascertain whether they are scammers or not. because this can make us sure that ico is cheating or not