Exit Scam

[malikusama]

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

Not a new thing, many scam projects have done the same thing in the past. Investing in ICOs involves high risk and that's why it's not recommended unless or until the project is verified from multiple platforms and is backed by trusted (or experienced) people or organization.
If you are investing in ICOs then do proper research and don't put your money in any project which is doubtful.

[Stargazer]

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

[5ensei]

This is the reason why people are investing in IEOs rather than ICOs because there is more safety when an exchange has fully vetted the team and the coin. right now people are just giving their coins away to unknown people they have never met and expect strangers to give back high return

[pixie85]

There were exit scams in 2015 and there are similar ones in 2019. It's always the same pattern. They make a lot of promises and flee with your money.
People should learn not to trust people they don't know and when it's happening in the internet the probability of being scammed is multiplied. Always check if the team is real if they had prior projects and don't believe in fairytales.

[tippytoes]

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

The thing is, you need to have solid proof of their connections. I don't know if there is an existing contract between them. This is the problem with online business, you don't know if they are possessing legal documents or not. But I believe, a lot of users already learned their lesson from those ICO scams and crap projects. By now, they should know how to assess if the project is a potential scam or not.

[Innocant]

We dont expect on what happen to those bounty we pariticipate and the end was a scam. In this year iv'e participate some different bounties but not all them are totally paid us. So must better to prepare if we encounter on like this kind of bounties so that we can aware of them.

[Yamifoud]

We dont expect on what happen to those bounty we pariticipate and the end was a scam. In this year iv'e participate some different bounties but not all them are totally paid us. So must better to prepare if we encounter on like this kind of bounties so that we can aware of them.

Scam exit isn't new for us, we have this scenario last year dragging the entire market and ruining the image badly.
We don't have such control, only we need to find out if this project will have something to contribute or nothing. This instance will help to define any possible for an exit scam of a certain project.

[bhabygrim]

Always be careful on where you would invest your money and before you invest it make sure you made enough research,
If you are going to invest your money make sure to invest time too it wouldn't hurt to make sure that you are putting your money in the right team and right project .
As you can see there are so many scam project so choose wisely on who you would trust your money.

[WannaCry]

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

For amazix i think police can't arrest them, as they are only in charge in bounty campaign.. those dev team should be punished for this scam..

[TGD]

This is very sad news that these two legit projects turned into scam! I did their bounty and they cheated with us by not giving what they promised! But Amazix managed these two ICO projects and as far as I know Amazix know them well! So, can't police arrest them?

For amazix i think police can't arrest them, as they are only in charge in bounty campaign.. those dev team should be punished for this scam..

If only ICO were accepted and they do their legal papers then we can report them. This 2 project seems to legit before, now theat the market recoveing they run from their investors.

[Fredomago]

This is the reason why people are investing in IEOs rather than ICOs because there is more safety when an exchange has fully vetted the team and the coin. right now people are just giving their coins away to unknown people they have never met and expect strangers to give back high return

That's it, investing blindly without any assurance that they will get something in returned, IEO's get the attentions of investors since they can sell after the period of sales has been done, the exchange who acts as middle escrow can easily  facilitate the trade.

[eidoscore]

ico campaign is not irrelevan again, now IEO are hype and safer than ico, because exchanger are escrow for investor and developer.
and as we can see few project are succesfully run their project with IEO.

[pieppiep]

ico campaign is not irrelevan again, now IEO are hype and safer than ico, because exchanger are escrow for investor and developer.
and as we can see few project are succesfully run their project with IEO.

some IEO cases have started to show symptoms that are not good, such as some cases that occurred at Bitrex which held an IEO but after that there was no good news about coins being bought when the IEO could not provide benefits because the price fell, I only participated IEO which is in the binary exchange place.

[Ucy]

An investigation by Hard Fork revealed that their UK offices were dissolved earlier this week, as confirmed by Companies House, the registrar of UK-based companies.

https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/


So If they really did what they are accused of and had a known office, why not just track them down from there? I believe their homes can be traced from some evidences they left in the office or from record of those who rented the office.

This could  probably be a bunch of people that were unable to raise funds due to the recent bear market. I could be wrong.

[Galantin]

Nothing awesome. There are too many such examples. And how they do not cover it does not help the case. If you find out that they are fraudsters, it's too late.

[bonker]

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

yes it really helpful whenever you got understand we have started in the scam then we cannot move anywhere at the time accepting it very quickly and make your decision to be the right way will be important otherwise you got the problem with that.

[Moiyah]

It's already 2019 and yet, investors are still fall for this scam ICOs. We can't blame them actually, if the team has a flowery promises, it is easy for them to believe it. ICO's reputation is already ruined, investors should really be careful selecting which ICOs should or shouldn't they invest.

[vit05]

In the news they put the link of a topic here of BitcoinTalk. This is very important for the forum, to demonstrate that it is still used for serious discussions and investigations on these scams.

https://bitcointalk.org/index.php?topic=3735010.0

Funny that the person who start the topic have a negative reputation because it could be a sold account.

[watergold]

actually for now I'm still confused and can't see which ico is good and which one will be a scam, maybe because there are too many ICOs, but investing in the IEO period at least slightly reduces us and keeps us from scam

[L A R A]

There are reason's why we need to do intensive research- thus this will happen to our investment..

Please see the article https://thenextweb.com/hardfork/2019/05/16/repux-joytoken-ico-exit-scam-8m/

I think the news about the project has been very long, I have participated in the RepuX campaign last year, they cut their allocations by more than 90% because the ICO results they got were not what they expected.