Cryptic's Scams Fraud and Con's Report
![ScamList.png]
Help me make a list of the worst scams, frauds, and bad ICO. What is the worst of the worst?
List of SCAMS, FRAUD, BAD ICOs & RIP-OFFS
1. BitConnect
(HYIP) Alt Coin (#11 by Market Cap) Ongoing Ponzi Scheme
2. Regal Coin
HYIP Just Started. Like BitConnect. Bitcoin Ponzi Scheme (#81 by M.Cap)
3. Block Net
Low Volume Alt Coin, Pumped for a Dump (#59 by MCap)
4. All in One Social Network
ICO Now Defuct, exposed via use of stock photos
5. All in One Coin
Questionable ICO; raised 100K; Ongoing. Loves jumping out of BMW sunroofs!
HELP Add More!
Please add you nominations for additional scams in the comments below. I would like to see if the community is interested in created a worst of the worst awards. I would like to see a group of bloggers come together and share research on all the scams on ICO out there. I think we can clean up the community.
https://steemit.com/cryptocurrency/@cryptick/what-the-alt-coins-need-to-do-to-avoid-the-sec
And keep the SEC out.
I think an easy way to start this would be a list of bad altcoins. Community Nominations are taken, just put the name and a link to the source in the comments. This list can be put together, voted on and published. I am willing to start this list, and publish it periodically -if there is community interest. If someone else is doing this already please let me know. Eventually, I would also like a clean list with every one of the top 500 altcoins rated from 5 stars (good) to 5 garbage pails (bad). However, this is not something I can't do by myself. Will you join me?
I believe Steemit could be the best place to pull together such a list.
We have a lot of smart people.
We are open source.
It is recorded permanently.
We are interesting in cryptocurrencies.
Are there people interesting in helping out?
Send in your nominations in the comments below. I am open to your ideas!
Sources:
BitConnect
https://steemit.com/fraud/@cryptick/is-bitconnect-a-ponzi-scheme-post-1
Regal Coin
https://steemit.com/scam/@cryptick/regal-coin-the-next-bitconnect-ponzi-scam
All in One Social Network
https://steemit.com/cryptocurrency/@cryptick/help-me-report-the-all-in-one-social-networks-aios-is-an-ico-scam
All in One Coin
https://steemit.com/cryptocurrency/@cryptick/think-on-10-things-before-you-invest-in-the-all-in-one-coin-ico
Block Net
https://steemit.com/ico/@cryptick/how-to-fake-a-top-100-alt-coin-chart
Yobit. A completely Fake exchange. Deposit and never withdraw. https://steemit.com/cryptocurrency/@lil-gunner-1/yobit-net-is-a-scam
WhaleClub.co scam exchange. https://steemit.com/bitcoin/@alextuteu/bitcoin-scam-alert-uncovering-a-billion-dollar-exchange-fraud
BitPetite Bitcoin mixing site offering interest. https://steemit.com/scam/@kennethbosak/my-favorite-scam-site-is
https://steemit.com/scam-ico/@v4vapid/ico-scam-advisory-beer-token-and-wounded-warrior-coin
USI tech https://steemit.com/teamaustralia/@christosthegreek/warning-bitcoin-ponzi-scheme-operating-in-australia
ATC (ATCC) https://steemit.com/atcc/@rahulbasu/atc-coin-scam-exposed
To The Moon. (TMT) ICO. Bitcoin mining operation shown to buy no power unveiled by hacked. https://steemit.com/cryptocurrency/@jaichai/breaking-hacked-com-exposes-tmt-scam-tmt-rebuts-and-get-s-slammed-again
Briskpass https://steemit.com/cryptocurrency/@viennablues/the-ultimate-scam-ico-template-briskpass-review
Hextracoin. BitConnect Copy... https://steemit.com/hextracoin/@strem/my-review-of-hextracoin
WhaleClub.co scam exchange. https://steemit.com/bitcoin/@alextuteu/bitcoin-scam-alert-uncovering-a-billion-dollar-exchange-fraud