Algorithm of Action for Victims of Scam ICO
The market for initial placement of coins is saturated with fraudulent projects, which initially promise to "change the world", but after receiving funding, they stop being in touch. There are, of course, those which simply are not able to fulfill their obligations, and the product for which the investors' money was spent is not necessary for anyone. Some particularly brazen scammers removing their site, leave on it not quite censorship messages, as it was with the Lithuanian startup, which wanted to "bring the blockchain" into the vegetable and fruit industry. In this article, we'll talk about what you need to do in order to get your money back if you have already invested it in a fraudulent ICO. Contents: (please, click the topic to scroll down to it)
- Is it real to return your money if you’ve invested in a scam ICO?
- What to do in the beginning? Collect evidence
- Who to sue?
- What do you need to know about the court?
- screenshots of correspondence in Telegram or other messengers;
- copies of e-mails;
- white paper and road map of the project.
- Estonia - 7-8 thousand euros;
- The Cayman Islands - 30-50 thousand dollars;
- Singapore - 80-130 thousand dollars.