I see a lot of fake ICOs that are on this forum and have taken a lot of casualties.
many investors lose their money.
they offer tempting benefits but in the end they cheat and it's clearly against the law.
how can they get away with this forum and this will make crypto electability destroyed.
sometimes I ask whether there is a legal legal umbrella to protect investors where they complain and whether there are legal sanctions for those fraudsters.
and I want to see your opinions and solutions about this.
As you know the government has no complete control of cryptocurrency. That is why most people try to scam other people with fake ICO. It's really not that difficult to make one, some scam ICOs just copy other legitimate projects' whitepaper. It is sometimes investors fault that they easily get attracted on ICOs just because it promises good returns.