Do scam ICOs really taken to the court?

[fullhdpixel]

If the scam originated from the USA then it is easier to pursue with court cases I think. But if it is outside the USA, I don't think it is that easy as laws are different slightly in other countries.

It then usually depends on each of the country. If the scam busters are from the same country of the project original country than it would be easy for them to file a case against such scam projects but it would be slightly difficult if the project is been operated over the nation boundaries but it is not impossible.

There are a lot of trusted scam busters who are actively fighting scam projects and if there are huge cases for the same project than anyone of them might take it seriously and can easily file a case against the project which would make the project stand in court for an contempt to scam the investors. This is actively making the markets cleaner and scam free.

[1714057620]

1714057620

[Swordsoffreedom]

There are cases, which have been taken to court as mentioned by members in this thread.
However, I don’t think you can do much to scam ICO that’s coming from country where regulations are fragile (let’s not name such countries). Most ICOs are anonymous and there is no physical presence of the project. In those cases it’s not possible to take them to court. It’s because of this reason many central governments have issued advisories regarding investment in ICOs.

[zhekinsp]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

Some countries were arrested individuals for cheating people in millions in the name of new crypto projects so yes this is really happening but in decentralized world of crypto creator doesn't have to give original identity so they can hide anywhere and make millions without getting caught.

[Xxmodded]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

Not publish maybe with scam ICO taken to the court and we don't know about developer project scam ICO, without report by some investor impossible to make developer get taken by police men, many scam ICO have success with raise much money from investor and every year always have new scam ICO but they can make new scam ICO in the next time by using fake account.

[Barbarian]

Plex coin, diamond ico, bitconnect,  ReCoin and many more. It's good to see that those scam busters are aware of that and they wanna take the scam ico to the court and i hope that will be happening in the future.
But the problem is how they can deal with the regulation that is always different in many countries.
Let's say when you are located in US and the scammers are coming from abroad and how can you deal with it? i think that the possibility to make a report to the security exchange commission like SEC and that institution will try to create a call for another country to take any action to that scam ico.

Cases like that are really complex, since it requires the cooperation of many countries but most likely the country in which the ico was registered will be the place where the trial will have to take place, but if the ico was not registered anywhere and you do not have the names of the scammers it is going to be a real struggle to get those people to justice and most likely those that invested in those coins are never going to see their money again.

[chip1994]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

No, that is for sure. because when you buy a project token, you're putting your money in their wallet, and there's no commitment contract here. Investing in IEO or ICO are all very risky investments, we are not protected by the law and so more and more fraudulent projects are born. So from now on you have to learn how to protect yourself, investing only in projects that are intended to be listed on major exchanges like Binance, MXC, Okex. Those are really projects worth investing in.

[Kyraishi]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

I don't know if you'd count Bitconnect, but that is one.

There is really a lack of accountability when it comes to ICO investments in the cryptospace, though. A lot of scam ICO operators don't face legal repercussions ever because of the fact that they have disguised their tracks and registered their operations in some obscure country outside of investors' jurisdictions or simply not be regulated by anyone.

Ponzi ICOs like Bitconnect do get taken to court because of the sheer amount of affiliates that are public figures, like Trevon James.

[Twinkledoe]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

I don't know if you'd count Bitconnect, but that is one.

There is really a lack of accountability when it comes to ICO investments in the cryptospace, though. A lot of scam ICO operators don't face legal repercussions ever because of the fact that they have disguised their tracks and registered their operations in some obscure country outside of investors' jurisdictions or simply not be regulated by anyone.

Ponzi ICOs like Bitconnect do get taken to court because of the sheer amount of affiliates that are public figures, like Trevon James.

But to ask in regard with Bitconnect, does someone know what is the update on the ongoing case?

https://www.coindesk.com/new-bitconnect-lawsuit-combines-previous-efforts-against-crypto-scam

Most of the time, because of the long journey of hearing and discussions, those who are initially involved in complaining the project tend to stop their support because of the resources needed without the assurance of getting it back. It would take years before a decision is made in this kind of case.

[davidroux]

There are cases, which have been taken to court as mentioned by members in this thread.
However, I don’t think you can do much to scam ICO that’s coming from country where regulations are fragile (let’s not name such countries). Most ICOs are anonymous and there is no physical presence of the project. In those cases it’s not possible to take them to court. It’s because of this reason many central governments have issued advisories regarding investment in ICOs.

Past ICO projects are unclear but very few are taken to court because most of these projects are anonymous and it is difficult to find the project operator. I think it will be difficult for investors to claim damages if they choose to invest in ICO because this is a very risky form of investment and no one can guarantee the future of that project. I have met a lot of scam projects and until now I can't do anything else.

[red4slash]

There are cases, which have been taken to court as mentioned by members in this thread.
However, I don’t think you can do much to scam ICO that’s coming from country where regulations are fragile (let’s not name such countries). Most ICOs are anonymous and there is no physical presence of the project. In those cases it’s not possible to take them to court. It’s because of this reason many central governments have issued advisories regarding investment in ICOs.

Past ICO projects are unclear but very few are taken to court because most of these projects are anonymous and it is difficult to find the project operator. I think it will be difficult for investors to claim damages if they choose to invest in ICO because this is a very risky form of investment and no one can guarantee the future of that project. I have met a lot of scam projects and until now I can't do anything else.

investing in ICOs does have risks, and some projects are still anonymous when they commit fraud so it will be difficult to bring them to court. so whatever investors do, the security they have is in themselves because there is no guarantee of good investment here, anything can happen. good or bad results then investors are fully responsible for the investments they make.

[Gheka]

There are cases, which have been taken to court as mentioned by members in this thread.
However, I don’t think you can do much to scam ICO that’s coming from country where regulations are fragile (let’s not name such countries). Most ICOs are anonymous and there is no physical presence of the project. In those cases it’s not possible to take them to court. It’s because of this reason many central governments have issued advisories regarding investment in ICOs.

Past ICO projects are unclear but very few are taken to court because most of these projects are anonymous and it is difficult to find the project operator. I think it will be difficult for investors to claim damages if they choose to invest in ICO because this is a very risky form of investment and no one can guarantee the future of that project. I have met a lot of scam projects and until now I can't do anything else.

Yes, there have been numerous ICO fraud cases in the past that were requested to be investigated by the victims and brought before the court to receive compensation but with anonymity and fake identity, governments and national agencies really couldn't handle these requests, they even advised early on that these projects were too dangerous to invest, they will not deal when damage occurs. The investigation ended with zero results, frauds in ICO and crypto were impossible to eliminate but fortunately, IEO has been eliminating the weakness of ICO

[Bitbtc8]

Not all ICO scammers are got arrested and many of them get away with victims money successfully, honestly I don't see any sign of any incoming regulations for crypto because now focus are on Central banks digital currencies and regulations for exchanges are the only option left, how will regulations work on decentralized coins? I don't think so

[killerfrost]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

Some scam ICOs have been punished by the courts. But there are still many other scam ICOs still active and they haven't been caught yet. I hope the laws of each country can control the situation of ICO scam today. I don't want any investors to lose money investing in fake projects, and these scammers should go to jail for their actions. It is these scammers that caused the ICO to die so quickly, and they made it impossible for successful projects in this market to raise capital.

[joeperry]

I think yes but not all of them of course most of the ICO's  that became a scam recently wasn't been able to get to the court I think just major ICO scams who's being involved with a big amount of money are the ones that was taking seriously but it's hard for the government to track them down due to the anonymity of the users and who's behind it, I'm not just sure which court would handle them.  maybe on where the website is based or their business?

[julius caesar]

Actually not all the scam ICO/projects go to court because we all know that some people out there knows the risk of scam. If they got scammed, they just accept it and not gonna make any movement or action about it. All they do is they check the background of the developers of the project and never gonna invest on their project if those person is included again.

[huu78]

I know a lot of cases that are affected by a scam that is brought to justice and such. But on the other hand, is very difficult to find information about the next case after in court. Very rarely get information, whether they are actually sanctioned or not because of the digital currency evidence is still minimal in hearing by many people. What about you guys?

[wajik-tempe]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

Most of them are running away and the investors don't have too much power to taking them to the court, except big project which the investors are not a normal person and they could do anything with their money maybe they could find the scammers and taking the to the court. But as i know most of them are running away and make another scam projects

[TastyChillySauce00]

I know a lot of cases that are affected by a scam that is brought to justice and such. But on the other hand, is very difficult to find information about the next case after in court. Very rarely get information, whether they are actually sanctioned or not because of the digital currency evidence is still minimal in hearing by many people. What about you guys?

Even the startup or crowdfunding scams hardly can be taken to the court. It's basically the same thing and requires the same solution not to mention that ICO that intend to scam people usually didn't disclose their real information or identity but instead claiming someone else's profile or even worse trying to impersonate peolpe that have nothing to do with the whole ICO things. Maybe in the future we will see the solution to this.

[Kambal2000]

I know a lot of cases that are affected by a scam that is brought to justice and such. But on the other hand, is very difficult to find information about the next case after in court. Very rarely get information, whether they are actually sanctioned or not because of the digital currency evidence is still minimal in hearing by many people. What about you guys?

Even the startup or crowdfunding scams hardly can be taken to the court. It's basically the same thing and requires the same solution not to mention that ICO that intend to scam people usually didn't disclose their real information or identity but instead claiming someone else's profile or even worse trying to impersonate peolpe that have nothing to do with the whole ICO things. Maybe in the future we will see the solution to this.

That's why experts keep saying that cryptocurrencies are scam due to this event, and it's hard on our part that if we are victim of scam, some people would just say they already said crypto is a big manipulation ang scam but we keep holding it, meaning to say, we are still doing it despite their warnings. Since this is online transactions, it's hard to prove to the court.

[Paycoinzzz]

I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.

Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.

WPP project, a project with wide vision and attracted 60 million dollars and then the comedy of the development team.  When the ICO was completed, they planned to list it on Huobi, Coinbene, even Binance, but it was all a trap for investors to buy into the token.  after a while, they continued to play games and planned to list on the bithumb, then canceled again.  Now the price of the token is almost zero and all their plans have not been achieved even 1. You can check their whitepaper and see what they have done to thousands of investors who have trusted.