Just out of curiosity did anyone stop to think that an exchange cannot force a dev to stick around? Can you predict the future? Or is this concept too hard to grasp? All I see here is a bunch of people crying over an exchange when it was the dev who ran off... .how the hell do you expect refunds when dev has the money and this is crypto if you want refunds go back to fiat and the trust system you obviously have no place here.
Crypto doesn't mean a safe sanctuary for scammers.Since crypto is not regulated by any organisation or govt its members, community,pools and exchanges should come forward and devise some guidelines to safeguard the interests of miners and investors.
In this case an exchange, a big organised organisation is/was in better position to have some guidelines to safe guard the interest of it's traders.And failing to do so they should take the responsibility of the scam.
So you are basically saying an exchange should cover the losses of developers that run off? You do realize how stupid that is right? How would any exchange force anyone to continue development of any coin, if you know of a way to force people to do things then you have figured out something amazing and unheard of. The dev showed their ID, promised the exchange to deliver the wallets and networks, then took off with the funds while the coding dev dumped his 200k they were supposedly using for a anon mixer. I'd like to know how anyone could predict this scenario with 100% certainty and then guarantee that for investors in decentralized monetary system......
An exchange as compare to members or pools are professional organisation and they must have some guidelines to protect the intrest of it's traders -
-Why they have released all the funds immediately to a dev verified by them despite of recent scams?
-Why they didn't warn the investors of the risks associated with it?
Investors bought it not on the reputation of the newbie dev,but they bought when they saw "verified by an exchange". So it's responsibility belongs to the exchange not that anon ,newbie dev.
I agree, since exchange verified him, they should request BTCs back. If he refuses, then they can publish this scammer's real name and other info, so he can no longer continue cheating other people.