There is one already and you have access to it, it's called common sense, just use it


IEOs are just well-disquised scams, that's all.
So they pay a fee, you buy their tokens and....what guarantee do you have those tokens will be worth something? None!
But you fall for it because the useless token is already on an exchange and you feel like this gives them some kind of legitimacy. It doesn't.

Just because you know the team, you know where their office is, they are listed on an exchange, they are paying articles to promote themselves is not a guarantee it will not turn into a scam. Remember bitconnect?Centratech? How would have an IEO saved you from it?

I believe there is the company who's specialized in controlling fraud already - SEC.

And what if the fraud happens outside the US? Also doesn't the SEC only fine people? They Can't put you in jail there has to be a trial for that. There were people who stole a lot of money then paid the SEC some money and walked free with the rest.

What project are you talking about OP? If somebody was able to cheat the system by using farmed accounts you should rather blame those who gave him that opportunity and that was the team behind the ICO.

Who are these cheaters you are talking? Bounty hunters? And what is the project?

If it's about the bounty, there's an allocation for that to the point that even all of it was used to dump, it can't really bring much down its price once it was listed on an exchange. $5,000 worth of rewards that will be dumped by that cheater will not really affect the whole market of that coin.

Don't just blame the bounty hunters while these projects die. There are lots of factors to consider like market situation etc. And at most of the cases, these projects, even coming from a successful ICO, can't able to maintain and follow their development plan and roadmaps and will just leave their investors hanging without any updates.

Where did you saw this person? Give us some more info so that guy can get what he deserves. You guys have to understand that if you see something wrong you have to act not sit aside and complain.

If we don't take actions to stop those scammers how can the common people accept the crypto currency as a secure solution. They just gonna ignore everything crypto related and never come back.

I think your idea is right in some sense that they have hid themselves in exchanges so that investors would believe they are real but I think is still better than not being listed at all.

Now, with the coin in exchange, you can also sell if you are lucky before a shit project gets dumped finally.

I don't think cheaters can make a project lose their money because if that happens, then there is something wrong inside their project. They should know that the cheaters can participate in their projects, and they need to prevent that thing. If they cannot handle that thing, then yes the project will fail.

If we say about the rewards for the bounty hunters, the rewards are not too big depends on the total amount of the tokens so the team can cover their losses by using another strategy. It is their job to prevent the bad thing that will come to their project, and they need to know how to solve the problem.

There are a lot of projects but only some of the project which can get success and if the project success then maybe we can call that the project was good enough to compete in the market.

The ICO scene actually introduced the Bitcoin scene to a lot of new scammers and cheaters, because it was a easy way for people to present a "fake" project under the cover of a anonymous persona and also using a pseudo anonymous payment method.

To make things worst was the this was being done during a time where legitimate ICO's were making millions and these scammers preyed on people's greed. Advertising was also very easy, because they used large social media platforms to advertise these "Get Rich, quick schemes" ...but things have changed now that large social media has banned Crypto currency based ICO's. 

Let's changed the story, let's say if ever an investor dumps a $5,000 worth of tokens that bought during ICO, you will assume that the project will surely fail?

Don't blame those cheaters. If you will look at the bounty allocation, only few go to the bounty program and that $5,000 worth of token is just a small portion of that bounty allocation. Just do the math from there.

If you are talking about bounty cheating inside the forum's premises then report that user to the mods with complete details and proofs.