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Author Topic: One good turn deserves another 👈 Scammers way  (Read 628 times)
Gorosden (OP)
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May 31, 2020, 06:04:35 PM
 #1

When a project exit scam don't just think it's the end, don't think the scammers walk away, No they don't, they will make a better comeback in a whole new version, I heard projects like

-Adab
-IronX  and many others scam people successful and run away well they will come back because they are able to fool people and nothing was done about it, this is the way of scammers

Be prepared for a whole new way to deceive you investors and bounty hunters, I heard research helps most times but not Everytime, if crypto space is really like this then it will drag crypto back a bit, like one step forward two steps back. Be prepared

btcltcdigger
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May 31, 2020, 06:24:45 PM
 #2

You got some proof that something is coming along or?
DeadCoin
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May 31, 2020, 06:27:33 PM
 #3

Exactly you are correct, I heard too many scam project and I saw that there are the same CEO in different names. So, this is the reason why we need to be cautious at any time because scammers are always looking and find ways just to lure and fool naive people that did not know how to do their own research. For me, the Inmusik project is wasting my money, and now CEO transfers into another project.
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May 31, 2020, 06:39:19 PM
 #4

When they got the template and experience in scamming, surely we can expect them with a new name and new idea so investors have to be careful with their money or just don't invest at all on the new projects because we had enough of scam from these new projects.Support the existing ones and also make profits while holding them.
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May 31, 2020, 09:55:06 PM
 #5

Research is your partner if you are an investor and bounty hunter. It's your weapon to avoid those scam projects but it's harder to determine what are the scam projects because most of these con have their different own style. They are believable from their promises that are being told to the community and sadly, many of the people that supported that project were gullible to actually believe their words. But as for those projects that you have named, people would like to ask for some proofs that they are a scam.

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May 31, 2020, 10:00:57 PM
 #6

When a project exit scam don't just think it's the end, don't think the scammers walk away, No they don't, they will make a better comeback in a whole new version, I heard projects like

-Adab
-IronX  and many others scam people successful and run away well they will come back because they are able to fool people and nothing was done about it, this is the way of scammers

Be prepared for a whole new way to deceive you investors and bounty hunters, I heard research helps most times but not Everytime, if crypto space is really like this then it will drag crypto back a bit, like one step forward two steps back. Be prepared
Absolutely, these are mostly chain scammers who will exit scam from one project enjoy the money for few months or may be couple of years and then come up with another anonymous shiny looking project to raise funds and then scam people again, i just wish there was a way to filter and stop such people and projects but unfortunately there is none yet.

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May 31, 2020, 10:06:24 PM
 #7

Research is your partner if you are an investor and bounty hunter. It's your weapon to avoid those scam projects but it's harder to determine what are the scam projects because most of these con have their different own style. They are believable from their promises that are being told to the community and sadly, many of the people that supported that project were gullible to actually believe their words. But as for those projects that you have named, people would like to ask for some proofs that they are a scam.
You are very right and to be honest i would like to confess here that i was scammed by ironx project and i agree it isnot a straight forward scam rather a poorly managed project due to which it lost all value and still no one cares and we do not have access to any official, actually it is still our own mistake in the end. We should have put in more research because during the tokensale they claimed to be owned and backed by ironfx forex brokers in partnership with the team that developed cardano project it was not difficult to contact both project officials and confirm about legitimacy even if one of them had answered you in a clear way with denial of ironx it was easily scam from day one but i do not think anyone made a serious effort to approach these companies so now we cannot do anything about it.

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May 31, 2020, 10:43:45 PM
 #8

Research is your partner if you are an investor and bounty hunter. It's your weapon to avoid those scam projects but it's harder to determine what are the scam projects because most of these con have their different own style. They are believable from their promises that are being told to the community and sadly, many of the people that supported that project were gullible to actually believe their words. But as for those projects that you have named, people would like to ask for some proofs that they are a scam.
You are very right and to be honest i would like to confess here that i was scammed by ironx project and i agree it isnot a straight forward scam rather a poorly managed project due to which it lost all value and still no one cares and we do not have access to any official, actually it is still our own mistake in the end. We should have put in more research because during the tokensale they claimed to be owned and backed by ironfx forex brokers in partnership with the team that developed cardano project it was not difficult to contact both project officials and confirm about legitimacy even if one of them had answered you in a clear way with denial of ironx it was easily scam from day one but i do not think anyone made a serious effort to approach these companies so now we cannot do anything about it.
They always use beautiful words at the beginning to make everyone believe that they are a good project. A poorly managed campaign means that they're not serious about what they do. All they want is to make money from the investors and get free advertisement and support from its bounty hunters. Those partnership things and backing up of real-world products or companies is what makes the investors feel secure because it's making the project look legit.

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Kelvinid
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May 31, 2020, 11:01:03 PM
 #9

They will still be coming back as they know that there are lots of people waiting for them and willing to be scammed, unless if we are learning already. Even we spread awareness about scamming schemes and other related issues but many were still blinded enough to think about it especially when the saw huge offering market returns. Because in reality many of us here are greedy and want to become rich instantly which we know that it seems impossible.
Until there are people who embrace this kind of trick, scammers will be coming back again and again.
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May 31, 2020, 11:04:26 PM
 #10

They will still be coming back as they know that there are lots of people waiting for them and willing to be scammed, unless if we are learning already. Even we spread awareness about scamming schemes and other related issues but many were still blinded enough to think about it especially when the saw huge offering market returns. Because in reality many of us here are greedy and want to become rich instantly which we know that it seems impossible.
Until there are people who embrace this kind of trick, scammers will be coming back again and again.

They always come back because they already know the tricks on how to raise money without so much effort put into it because they will just use the previous one and will just edit some parts. They don't have the conscience. After all, they are only after for the money that they will rip from naive users.
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May 31, 2020, 11:05:42 PM
 #11

Maybe they will come back and scam again? Hahahaha.
If they are planning to make another project or improve their first one, why at the first place they left? They should continue  what they started and fix if there are some issues.
I really don't think that leaving and coming back is the good solution.

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May 31, 2020, 11:07:13 PM
 #12

It's the end of the project and investors will never recover their money, but of course they will come back as they have succeeded in their first attempt and they will keep making money from investors who lack knowledge and just enter in crypto thinking they can make instant profit in here.

This scammers will teach us a lesson that education is very important, so educate yourself first before investing.

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May 31, 2020, 11:24:45 PM
Last edit: June 03, 2020, 05:15:25 AM by Sanitough
 #13

Scammers intention is to make money so they will come back as long as they still believe there's still a lot of money to be made by scamming.
These people will never get tired of scamming, therefore as an investor be aware of this so we can prevent ourselves to fall for their scam.

With proper research, we will know that majority of the projects especially in ICO are scams, knowing that information it should drive us to make a deep research on the project that we think of investing to ensure we will have a bigger chance to invest in a legit project. Determining the project if its scam or legit is just the first step, 2nd step is to looking for a project that has a good potential as not all legit projects have a good potential in the future.

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May 31, 2020, 11:28:39 PM
 #14

Scammers never disappeared, they will plan another scam project after a successful scam project. When they succeed to scam people, they know well how to make people interested to join and handle everything like a trusted project. Yes, they got experience and they should be more confident to plan other scam projects. So, in my opinion, the chance of the scammers for turning back is quite big. That's a warning for us to be always careful!!

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June 01, 2020, 02:05:04 AM
 #15

Surely, they will come back and deceive bounty hunters nd participants again. With new look of project, new flowery words and promises, new team, new protocol to be introduced. But since we have known so far how these scammers acted they way they did before, then probably the bounty hunters  may have a good idea and have a strong awareness that they shouldn't be scammed again.
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June 01, 2020, 06:46:48 AM
 #16

Well I have also heard similar stories, however one thing is certain and that is, scammers do not go away, after successfully defrauding their users they will likely come back again since they have tasted what it feels like to exit scam and succeed. Therefore the only solution is to be careful of every project, once there is a red flag seek more about it and safeguard yourself. Also, look beyond whatever the project present upfront and dig deeper to find the truth about them.

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June 01, 2020, 11:25:48 AM
 #17

Therefore bounty hunters has to be very careful also when joining a campaign because it could be possible that they are promoting scam projects run by the scammers who just promoted a new project coming from a scam project. It's really hard to know if we are not making deep research on the project we are investing as these people are good in hiding their real identity and they are using fake names.

I actually like the ICO to be regulated in every country these people are raising money, that's the only way investors will be protected and scams will be minimize.

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June 01, 2020, 11:32:20 AM
 #18

When a project exit scam don't just think it's the end, don't think the scammers walk away, No they don't, they will make a better comeback in a whole new version, I heard projects like

-Adab
-IronX  and many others scam people successful and run away well they will come back because they are able to fool people and nothing was done about it, this is the way of scammers

Be prepared for a whole new way to deceive you investors and bounty hunters, I heard research helps most times but not Everytime, if crypto space is really like this then it will drag crypto back a bit, like one step forward two steps back. Be prepared

I have followed this two projects and both have their own alibi why they cannot continue, the other will not have an open trade the other cannot get a license so they become an exit scam without even trying their best to push with the project, this is because they already have the funds in their hands and they can run away, like all the other scam projects
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June 01, 2020, 11:45:02 AM
 #19

Why i think this is a fact that can't be denied is the fact that most of this project team usually use fake identities to launch a project and others remain anonymous so their identities are unknown, it will be very easy for such people to scam investors with multiple fake project without them being caught, sometimes if you look closely maybe you can find similar pattern of a previous scam project in a new one, it is very easy for all this so-called project dev to launch fake project.

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CashbackLover
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Sovryn - Brings DeFi to Bitcoin


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June 01, 2020, 11:50:18 AM
 #20

Money wakes the greatest allurements in human, it's much the same as stealing or been a hoodlum, when a crucial fruitful the longing of needing more will ascend, they will return for another great turn, you are right OP, I urge you guys to be extremely careful about new projects, make sure teams are real and project use case is new

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