How many scammers have you funded by putting your money in?

[cryptoperkele]

I don't think there's no shame admitting that we make mistakes, that's where you learn from. Sometimes even with DYOR, legit looking projects turn out to be scams. And sometimes we just want to risk it.

During last bullrun ico frency 2017-2018 many people were saying that ICO scams are now over and next time people will be smarter. However now there are more scams then ever, especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

My failures of judgement contain 2 icos from many years ago which were obvious scams in hindsight : Swiss Alps Mining, Envion and one latest where Dev disappeared after i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

Luckily i haven't invested anything i couldn't lose (to scams anyway), and i have even made money with investing to something that turned out to be scam later on. But still they are obviously annoying.

So i would like to hear your stories on how did you get scammed. Was it because you aped in without research or something else?

[cryptoknightt]

For ico fraud I experienced 3 in 2018, 2 in 2019. And that's all I did without research. I bought and invested there based on high Twitter followers and the active community in telegram. I don't even remember the name of the project because I just joined in. I even found out the project was a scam after the telegram was inactive for a few months. i admit i am very stupid haha

[bitkanu]

Im so glad that i never invested in the scam icos, even when the icos became failed and I could still leave the market without any loss.

I were always doing research with my friends. I were only using icodrop as a way to determine which ico will become the legit project.

Flow, solana, ADA, injective, and many more. Im glad that I have become the early investors of those projects.

[aprilnot]

quite a lot, because I invested heavily in new projects. 2017-2018 was the worst year for me. My portfolio has become worthless, and I was fooled by many scam projects. That's why I'm no longer interested in investing in ICO/IEO/IDO, I'm more interested in projects that have been tested and have a large market cap.

[target]

When I notice that the prices of ICO tokens listed on exchanges are jumping up especially when coins are listed on binance, I started thinking of buying as an early investor and then sell when listed. The good part is that bounty hunters will not have the chance to sell it yet because investors are the first to get the tokens on binance.  I sent a tiny bit of ETH just to test ICO project. I have some success and failures as well in making a profit.

The scammers in 2018 have the guts to show their faces on linkedin which will make you believe they are real people. Later you know you are scammed if someone figured the photos they put on their team profile are fake.

[BitcoinPanther]

I  have not put any money on the ICO created by scammers, but I do put effort by joining their bounty campaign and advertising them in this forum later found out that they aren't willing to pay their bounty participants and later they turned into a scam.  I believe majority of us had experienced this kind of thing.  So I guess this is the same as putting money into their project.  If I recall almost majority of the bounty campaign during 2018 - 2019 turned to scam their bounty participants so I couldn't even recall how many times I had been scammed since in all the campaign I joined, only a few of them paid.

[Farma]

talking about the scammer problem at the ICO, I think I was involved in several projects with promising prospects, but from what I remember, I did not get my money back. from this point on, I really do my selection of what I choose. however, ICOs are still profitable if you choose really good ICOs. however, for now, it looks like we need to be careful to avoid scammers.

[RussianEnglishTranslation]

I don't think there's no shame admitting that we make mistakes, that's where you learn from. Sometimes even with DYOR, legit looking projects turn out to be scams. And sometimes we just want to risk it.

During last bullrun ico frency 2017-2018 many people were saying that ICO scams are now over and next time people will be smarter. However now there are more scams then ever, especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

My failures of judgement contain 2 icos from many years ago which were obvious scams in hindsight : Swiss Alps Mining, Envion and one latest where Dev disappeared after i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

Luckily i haven't invested anything i couldn't lose (to scams anyway), and i have even made money with investing to something that turned out to be scam later on. But still they are obviously annoying.

So i would like to hear your stories on how did you get scammed. Was it because you aped in without research or something else?

I didn't participate in any ICOs but I did invest in a lot of scam projects on Ethereum. Several projects rugpulled liquidity and another deployed a contract that doesn't let you sell. From then on I began only investing in mineable projects like 0xMR and RVN. Those projects have no dev wallets so it's impossible for them to exit scam or rug-pull. My investments are now safe.

[maxreish]

Thats how we have been fall for those newly created projects. I also invested in a scam ones before. Bought  cheap shitcoins that until now has a no value at all in exchange of ethereum. I bought it for some ethereum not aware  before that those coins are  not worthy enough to hold. Indeed a lesson learned that we might choose the established and potential ones rather than taking a risk to those newly projects.

[WalkerIVIV]

As far as i remember i have put my money into the scam project when yearn finance was getting hyped. There were bunch of scam projects when defi got hyped last year.
So many bubble appearing used the popuilarity that already gained by YFI. The same situation is happening with dogecoin right now.
Dogecoin makes a lot of new bubble is popping out.

[naikturun]

to be honest investing in ico I was never fooled because I always check and rely on Fomo from other people, but the most part is when buying shitcoin that is released on the pancakeswap. because of the hype many say it can generate 2 to more than 100x as much, I tried several times and loss, since then I never bought that again.

[TheMimic1]

I can't say I've funded scammers before but I've surely give them a helping hand with their scam projects, yes year ago I was so hooked with crypto mining so I went ahead and buy some mining rigs just to mine new coins, my mistake was I should have mine coins like Ethereum or bitcoin but instead I ended up mining new alt coins hoping that I will become more successful this way but in the end almost all the coins I mined are dead

[lionheart78]

I can't remember but I think I have bought several coins that in the end, it is either dumped to oblivion or abandoned by the developer.  I also remember that I bought hashminer from Josh Garza's gawminer and even bought paycoin because it was too hot that time.  I was lucky to sell all my mining power and paycoin and be able to get out of the scheme with profit.

[FairUser]

I've also gone through a couple of times, not really many times for me to realize which projects are legitimate. Seeing them all problems are rooted in greed, and they take advantage of it to take our money. Even when I found out about projects with signs of fraud, I have been making a profit from those projects. I must say that for many years in this market, I can control and be satisfied with what I had.

[Fivestar4everMVP]

I am not ashamed to say that I've fallen prey to scammers severally in the past, I can't even remember how many, but the good side of the story still remains that I've made more money far more than I've lost to scammers and failed projects.
My first scam experience was in 2015 at the very beginning of what we call IEOs today, the scammer got his coin listed on an exchange(Kuwait coin is the name of the coin, can't forget for sure), we invested in the project by buying the coin from the exchange, at the end, the scammer withdraw all the money he earned from selling his coin on the exchange and ran away, abandoning the project, the exchange closed trading and deposit, they only allowed everyone to withdraw the shitcoins that has no where else to trade them, that was how we all lost our money.
I've also been a part of a project which I luckily earned a lot of money from, but later, the project turned scam, I participated in their bounty campaign and also invested in their public sale, at the end, the token was listed on uniswap and it was like I knew the project won't last, I didn't bother hodling, I sold off all my coins at the very first opportunity, coins I earned from bounty and that which I bought all together, I sold everything earning quite a lot of money luckily, returning to the project about two weeks later, I discovered they've rug pulled on the investors and disappeared, lots of shit things happening in crypto.

[Falconer]

...
i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

BSC has provided a 20x flip profit for SAFEETH trading, for trading I do not have detailed research on BSC tokens but take advantage of every moment to gain profit, the trading is clearly very risky so it is not recommended for anyone.

[Psynthax]

Very few or next to none, I forgot the number but honestly I rarely fall into those scammers' trap just by knowing that if something is too good to be true then maybe that isn't real or just a scam. Most of the scams that I've observed also seem to offer some unrealistic reward like get return of 5% of total investment every day which by logic alone you couldn't obviously distinguish it that it's just to lure people into their scam. But I don't consider the investment that I've brought to some potential project which ended up failed as scam after all business isn't always smooth and anything could go wrong almost instantly.
Also, just don't investment if there's a doubt in your mind regarding the project that you're about to invest to.

[Jackl87]

I don't think there's no shame admitting that we make mistakes, that's where you learn from. Sometimes even with DYOR, legit looking projects turn out to be scams. And sometimes we just want to risk it.

During last bullrun ico frency 2017-2018 many people were saying that ICO scams are now over and next time people will be smarter. However now there are more scams then ever, especially rug pulls in uniswap and pancakeswap. We just don't call them ICOs anymore.

My failures of judgement contain 2 icos from many years ago which were obvious scams in hindsight : Swiss Alps Mining, Envion and one latest where Dev disappeared after i aped in to some BSC shittoken for the hopes of 2x-10 flip (i can't even remember the name of it).

Luckily i haven't invested anything i couldn't lose (to scams anyway), and i have even made money with investing to something that turned out to be scam later on. But still they are obviously annoying.

So i would like to hear your stories on how did you get scammed. Was it because you aped in without research or something else?

My very first investment in the crypto space turned out to be a scam. That was back in August 2017 i think and i invested into the ICO of DimCoin. It was an african project and they managed to raise a huge amount of money (14M USD). Shortly after the ICO the CEO of the project left which was already a bad sign. Then nothing at all happened for some time. Suddenly a part of the team left DimCoin and created their own project, probably with the money they got from the DimCoin ICO. To make a long story short the project was and is a complete scam. Thank god i only invested 150$ because it was my very first investment and i didn't want to risk more money. Other poor people invested thousand of dollars and lost it all though.

[Ucy]

I'm not sure I have invested money in crowdfunding like ICO...Though I have contributed/promoted certain ICOs in the past.
 
I lost few crypto on  a popular cryptocurrency exchanges that suddenly impose kyc without notifying me and probably other customers. I just decided to leave the crypto for them rather than sending my private info to people that could abuse it. I guess you could consider that a scam even though I didn't actually lose the money. Their kyc requirement is way risky than my fund on the exchange... so I let the fund go.

[slaman29]

Two big scams I can remember myself. Others weren't so much scams as just bad buys (I bought tokens and they did end up being listed but they just never achieved anything great and they at least did develop some kind of product.

What hurt most was that the scams were actually the ones I put the most DYOR effort into. Reputations, etc, escrows, whatever. But when a centralized project wants to scam, they scam. Nothing can help you then.