The Ultimate List of Exit Scams & How to Spot One

[watergold]

I was one of the victims of Centra buying at a high price and after that there was an article about Centra fraud where I suffered a huge loss, and since then I had to be careful in assessing the project because the product and project objectives were very important.

[shadowduck]

in this article, there is no mention of ico projects that raised a lot of money and then disappeared with them. I invested in Athero - they even entered their token on mercatox but then they just disappeared.

[Aabcde]

I haven't heard all the names, only Centra and Bitconnect. I used to want to put my money in Centra because the price soared, but fortunately, it didn't happen. Not long after that came the info that they were a scam. For bitconnect, I was suspicious from the beginning, this is just a fraud because the price is not reasonable as a class of coins that are only for lending.

[Ferris419]

The scam list just shocked me. Every year billions of dollars are going into scammers' pockets, this is insane! Scammers always a drawback for crypto. I knew some good projects scammed this year, but I haven't any idea about Plus Token's 2.9 Billion USD scam!

I hope you will be updating the scam and semi scam lists. But I am not impressed with your 'How to spot scam" section. There should be more words to know which is a scam project

[o48o]

I am not a victim of any of the scam projects in the article, but I have an acquaintance who is a victim of Bitconect. The sad thing is that he knew it was a scam but still engaged in the desire to make a profit before it collapsed, I believe a lot of people have the same thoughts as him.

Well at least he knew what he was getting into, and all the risks that come with it. There are lot's of clueless people that will live on denial long after others have left and believe every promise that comes from the mouth of the CEO of the scam project. My belief is that after these people realize that they got scammed, they still lack to read the signs of a liars and every time that the price is crashing they are the ones screaming SCAM! Because price the only signal they are familiarized themselves with.

I invested in Envion that wasn't on the list but luckily left early and lost only some of my investment. Come to think of it, i have been very lucky with the timing of all scams. Anyway, i didn't have the time to invest or at the time even study those on the list so maybe that's why i didn't get scammed by them.

[masterrex]

Exit scams have affected many people in the cryptocurrency world. In this article, we've gathered a comprehensive list of exit scams, and some tips on how to avoid becoming a victim. ❌ https://selfkey.org/the-ultimate-list-of-exit-scams-how-to-spot-one/

Did you experience being scammed in one of these?

I think some of information about Centra was missing, Im not directly scam with centra since im not participating in their ICO, But i was an early believer of its project when it was listed on Binance i bought  and hold CTR token on Binance, Since it was good project the whitepaper details are also good and even they are schedule to launch its own Blockchain The Centra Chain, but i was surprise with the news about its fraudulent way of raising money during and ICO, and base of the result of my own information gathering back then, there was a two sides of the story, Between the SEC and the so called celebrity indorsment and Visa,Mastercard lies. including its Team! I believe that there was a hidden agenda in both story and i dont know were to believe.

[Bitze]

oh my god there are really a few known names there.
nice listing you have there! and basically also generally a very nice website. continue so.
i didn't check the team members in detail but if all this is correct then you are a big pile of capable people.

[maxreish]

I've read the article. Fortunately, never experienced exit scam before and I don't even want to experience it. It's also not base on the poorly written whitepaper. Some may have an awesome whitepaper but  ended up as a scam. When it comes of joining a legit project, a team's responsibility to show some progress is very important.

Here's additional info how to know if it is a legit ICO project or not.


https://hackernoon.com/how-to-spot-good-ico-how-to-spot-scam-ico-f0f57c1a4c38

[Christinebeauty]

I am not a victim of any of the scam projects in the article, but I have an acquaintance who is a victim of Bitconect. The sad thing is that he knew it was a scam but still engaged in the desire to make a profit before it collapsed, I believe a lot of people have the same thoughts as him.

Humans are naturally like that. Majority of us want quick money no matter how the money is made and that is why most scammers too are taking advantage and coming up with all sort of ponzi schemes just to lure people into it and later run away with their funds. Its good to make money though but let's try to earn it in a genuine manner.

[taufik123]

I have also been trapped in the SCAM project which made me lose, but it is not one that was explained in the article. I joined a lot of bounties to become a novice investor. Often not paid and the coins that I invest are useless and left by the developer. But that experience made me learn how to be a smart investor so I wouldn't be fooled by the SCAM project and had to do research on the project that wanted to be followed.

[boltz]

Most of us here got caught in scams so everyone remember this one ? https://bitcointalk.org/index.php?topic=920272.0. This project disappear with all the funds in 1 days without any reason besides the fake one they posted on the thread. Its sad that we're loosing money in projects who simply their goal is to scam investors as soon as they launch the project so another reason why I don't invest in anything below 50 on cmc or in new ICO's or IEO's.

[Immakillya]

To all of those scam projects that are featured on that site. Bitconnect is the most popular in the cryptocurrency universe. Actually they made memes about them. That bald guy makes me laugh. Was that the CEO? Actually they're not scam. The project just lack of preparation how they mitigate their problem. If I'm not mistaken it's a lending coin. That happened to be abused by so many. And got bankrupt in the end because of small amount of return. So lesson learned. Never invest on lending cryptocurrency.

[SamboNZ]

To all of those scam projects that are featured on that site. Bitconnect is the most popular in the cryptocurrency universe. Actually they made memes about them. That bald guy makes me laugh. Was that the CEO? Actually they're not scam. The project just lack of preparation how they mitigate their problem. If I'm not mistaken it's a lending coin. That happened to be abused by so many. And got bankrupt in the end because of small amount of return. So lesson learned. Never invest on lending cryptocurrency.

Carlos Matos was just an investors maybe the one who made big money from this scam.

[Bitcoinjheta]

I am really thankful to creator for sharing this article of exit scam by the 2018. I was just amazed when i see a Bitconnect project was one of the exit scam. This project was actually my preference to participate in there bounty because of a huge investors involved.

[selfkey.org]

Exit scams have affected many people in the cryptocurrency world. In this article, we've gathered a comprehensive list of exit scams, and some tips on how to avoid becoming a victim. ❌ https://selfkey.org/the-ultimate-list-of-exit-scams-how-to-spot-one/

Did you experience being scammed in one of these?

i remember MapleXchange, i never lost there tho, i lost my major coins to QuadrigaCX haha
owner "died" and took the keys with him 
nice article, scored you a merit

Awesome! Thank you

We're glad to share something valuable here.

[bassbity]

Surely many people are trapped in ICO scamer in 2018, I myself experienced when investing in eCoinomic (CNC) by generating funds of around $ 45M is really big, but the project ended in scamm, where I think again I no longer invest in ICO prone to risk ,

Researching the project to be invested is very important and check the project as much as you can and don't be trapped again by scamer.

[lolgato1]

You wrote in the article that scams do not have working product. Please show me at least one ICO that has working product. Some ICOs have MVP, but in most cases it is hastily created product that can't be properly used.

[Reid]

The lists is consist of scams that happened with large amount of money being taken.
I dont see one of my invested scams there.
Maybe you should identify that too. It is not an ultimate list because there is just 5 listed there if I am not mistaken.
It is 5 ultimate scams of all.
Somehow it became a click bait.

Anyway, I learned my lesson. Stay with the trusted ones. Bitcoin, Ethereum and lot of there in the top of CMC.

[Aying]

We can avoid many scammers now because of all wiser users that are gaining knowledge. but we can't avoid unsuccessful project. even they have quality whitepapers and products if this not gaining interest of the users its very useless. maybe you should list one of those unsuccessful project with low quality products and services. with this we may saw the uniqueness and creativity of the developers and how they could bring it useful for all users. 

[expless]

This topic deserves a pump to warn this community.