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.
Some countries do provide legal protection against frauds in crypto market, but not every country. The reason is that most of the governments have already issued a circular or article against investing in ICO or the disadvantages of going in cryptos. Since, cryptos are decentralized and at most anonymous. It becomes tough to crack down the scammers in the market. We as investors should do proper research and take precautions before making an investment in ICOs.