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.
There are ICO's and scam projects that are prosecuted but their number is very small compared to the number of scammers and those who run away with money, one of the reason is, the distance if you are investor from Asia and you invested in a project that is based on Europe you will have to travel and spend your money, and you need more funds to file charges.
That's the hard thing to do if you want to sue, you have to have strong evidence, even if you are a investor with millions of dollars, then I think it needs to be tapped out, even though the cost is very expensive too, but on average now a small investor by a deceptive ICO project becomes difficult too. to sue because it is constrained by costs.
Scamer is currently still on the prowl and difficult to judge because it is difficult to access.
It does require a large enough cost to do so, but for investors who invest in millions of dollars I think they will file a claim against what they have gotten and will report it and try to find evidence they have. But it is indeed difficult to access scammers because some also use false information and not information about themselves so it will be difficult to track these people.