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

[isaac_clarke22]

~

Were ICOs really a thing back in 2016? I just thought they were like 2017-ish when they got popular as I saw a lot of ICO-related threads here back in those years or I might just be blind because I joined crypto that late as well.
I wouldn't be surprised since they started disappearing already the following year due to scams.

[panjay]

rarely join presale/ico.

The last "rug" that I can remember was $XVC or $VNL cash..Some pow coin with crazy dev. The dev just left abruptly in the middle of a project.

The price nuke from 30kish sat to 2k sats. Not much back then, but yeah the coins basically die after the dev left. The community takeover is not succeed.

[criket]

rarely join presale/ico.

The last "rug" that I can remember was $XVC or $VNL cash..Some pow coin with crazy dev. The dev just left abruptly in the middle of a project.

The price nuke from 30kish sat to 2k sats. Not much back then, but yeah the coins basically die after the dev left. The community takeover is not succeed.

that is the weakness of ICO investment. the very high risk we will lose our money because the developer left the project. and even though they are on the market, it doesn't guarantee the asset will have an interest. The community on the market won't help anything if the developer leaves the project. that means, the project dies.

[panjay]

that is the weakness of ICO investment. the very high risk we will lose our money because the developer left the project. and even though they are on the market, it doesn't guarantee the asset will have an interest. The community on the market won't help anything if the developer leaves the project. that means, the project dies.

noo dude..this vnl/xvc not an ico..it's a pow coin where everyone mine their own coin with no dev token.

But yeah if the dev left, there will be volatility in the price, more likely to see the coin fall off the cliff.

On another note, dogecoin dev also left many years ago... that palmer guy...but the coins still thriving from time to time, especially with elon musk involved.

[the rise]

I didn't lose much of the money I had to spend, I only ever lost a total of $100 while I was in cryptocurrency. I am more often fooled by my sometimes unpaid work. Although I don't spend money, but it's really a waste of time, but it's a risk.

[wmaurik]

At the moment I don't feel any fraud, because frankly, I don't really like and follow ICOs or invest in new projects. maybe only a small part of the fraud regarding the distribution of prizes that have not been carried out / hunters are not paid when participating in the bounty program

Now fraud is rare because payments are always there, but fraud is now more about throwing away tokens when hunters have received their bounty payments, which can be done by investors who have bought tokens in ICO programs at very low prices.

[coin-investor]

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 only spend a small amount of money on these scammers but the amount of time and effort is very frustrating some of the tokens I invested are through time and effort, it's also like investing money because you have to spend hours just to promote these projects through bounty campaign, I lose counts on how many projects I put all my money and efforts, there's so many of them and many more because there's no guaranty on bounty campaign, only those coins that are already in the market that you are guaranteed to make a profit.

[Cvetik56]

I didn't send money to anybody. But i've lost my Steam account when i was 12 y.o. on website that was promising me free games. And few years later i wanted to trade my stuff in steam too, i've sent my inventory but that guy didn't send me money. But i didn't need those stuff so i wasn't sad.

And after this i've been really careful with any suspicious sites or messages on the web and didn't fall in any scam.

[hitsnorth]

I've lost $300 couple of years ago. I've seen an ad in twitter that they can double my money but instead i've lost it all. I know, it sounds stupid but i'm glad that when i've entered the crypto world later i've been more careful since then.

[aioc]

Those funds that these scammers have scammed from me are forgettable compared to what I made from investing from the right project I am very quick to move forward when it comes to investing, I always invest what I can afford to lose, it's a learning process that we all go through as we mature as investors.

[sherenikaw]

Based on My experience is not investing in scam ICOs but I followed the bounty campaign at that time. At the beginning I followed my bounty several times and got a project scam where I had followed it for a few weeks and it turned out to be a scam. It was very disappointing and it happened to me several times. I made this a lesson to be more careful in following the bounty. And now to participate in a bounty, I have to understand the project very well and always follow its progress well so that I can find out more about the project. I hope to get more legit projects.

[Slash61]

Those funds that these scammers have scammed from me are forgettable compared to what I made from investing from the right project I am very quick to move forward when it comes to investing, I always invest what I can afford to lose, it's a learning process that we all go through as we mature as investors.

it means you make more than you lose. it is very good work.
it's really really bad to see how more and more scammers are. and it makes me more careful in choosing a new project.
in the last year, I lost my $100 in the BCNEX project. looks paid and normal, but after that, they disappear.

[bryant.coleman]

I didn't send money to anybody. But i've lost my Steam account when i was 12 y.o. on website that was promising me free games. And few years later i wanted to trade my stuff in steam too, i've sent my inventory but that guy didn't send me money. But i didn't need those stuff so i wasn't sad.

And after this i've been really careful with any suspicious sites or messages on the web and didn't fall in any scam.

The first time I lost money on internet was when I lost $600 in 2008 or 2009 (back then it was a big amount). I had joined an affiliate marketing scheme and they promised unbelievable returns if I purchase one of their "premium plans". I paid the amount, and they vanished with my money. First entered cryptocurrency sector in 2012. And the next year, I lost a majority of my coins to one of the crypto-investment scams. And even after this incident, there were 2-3 occasions where I lost smaller number of coins. Anyway, I guess now I have learnt my lesson.

[gurunanakji777]

I  have funded some money in 2 ICOs in the year 2018 and got a loss as coins could not perform according to my expectation but after that, I did not fund any project simply participate in bounty campaigns and get coins for the work done. I was a newbie that time and enticed by bonus schemes so like this newbies will trap again & learned a bitter lesson like us but I must say not everybody scammed some make money as well.

[virasisog]

There had been a lot of hype I had joined in, especially during this bull market where tons of tokens were pumping and some even grew to thousand folds if you have invested early. I have no luck on joining such crowdfunding I always end up investing on rug prohects. There is a time I invested almost 2 BNB and it my money went down 90%.

[smartaction]

The crypto world is now full of scammers. And many scams are constantly coming up with ICO, IEO, IDO, DEFI and scams with us. I have been scammed a few times and lost a lot of my money.

[KaliLinux]

I didn't really lose money to any ICO back then because I believe I invested in very few of them and I was always lucky about the one I invested in but I did lose money to one project called Traw/XTraw back then when the Dev was looking for support to move the project forward and a couple of us following the project then volunteered to help with the money s/he was looking for and after a while, the Dev just left with the money without continuing with the project and also lost money to an exchange too, Fedlio, that turned out to be a Scam exchange.

[yazher]

Most of the people in this community didn't really help some scam project with their money instead they wasted their time to promote those scam projects which is really annoying because they don't even know it because they've been fooled as well. When you look at their roadmap and telegram group, you will say that they are the real deal when they don't even have the resource nor the companies they said they being partnered with. Most of the time they got caught with their fake profile pics on Linkedin but sometimes they managed to hide completely until they gathered enough money to escape.

[kak uli]

I have never experienced investing in an ico project so I don't feel disadvantaged by losing assets, but I feel aggrieved by the time wasted because some of the bounties that I participated in were trash projects and were not paid. it only costs my time not my asset

[deathcode]

I have never experienced investing in an ico project so I don't feel disadvantaged by losing assets, but I feel aggrieved by the time wasted because some of the bounties that I participated in were trash projects and were not paid. it only costs my time not my asset

that's because you are not an ICO investor. another story if you are an ICO investor, surely you have lost a lot of your money because you can also trust the bounty project that you support and end up being a scam. it means you also have a poor analysis in choosing a project.