I saw some of the scam busters in the forum talking about taking the case to the court on scam ICOs, my question is, is it really happening.
Can you give me scam ICO that was already taken to the court and teams are being punished?
I know about Centra.. so give me others.
I don't think scam ICO projects have been taking to the court because cryptocurrency is untraceable that even the team members of the project shows their identities or information about themselves you are still not sure if it is all real, that is why people who got scam have nothing to do about it.
Here are some projects, pleaser refer below
There are also a lot more court cases but currently this is actually the biggest issue lately.
Plex coin, diamond ico, bitconnect, ReCoin and many more. It's good to see that those scam busters are aware of that and they wanna take the scam ico to the court and i hope that will be happening in the future.
But the problem is how they can deal with the regulation that is always different in many countries.
Let's say when you are located in US and the scammers are coming from abroad and how can you deal with it? i think that the possibility to make a report to the security exchange commission like SEC and that institution will try to create a call for another country to take any action to that scam ico.