Scammers Invent New Ways to Attack ICO Projects

Scammers become more creative, starting cyber-hate campaigns against the projects which are in their ICO phase and promising to stop false accusations only for the reward
05 March 2018   12415

Nowadays cryptocurrency gains more and more popularity as more people understand that digital currency is easy to use and can be really profitable. A lot of companies start Initial Coin Offerings, working on useful projects and offering tokens for the supporters of their concept. But at the same time, there are people who do not use fair methods to earn the money, and there is a shocking number of reports about scammers, hackers, money stolen from investors and other cases of fraud.

Technological progress goes forward, letting the scammers invent new ways of fraud. We have recently stumbled across the new criminal group specializing in extorting money from start-ups and ICO projects.

FireLotto is the project which became the victim of such attack.

    FireLotto scammers attackScammers emails to FireLotto

    As FireLotto representatives told us, the scammers use the same fraud scheme with all projects they attack. It goes as follows:

    • Firstly, scammers start a cyber-hate campaign in social networks and on the popular crypto community forum They write the different versions of the same accusations to all the projects, attack the members of the project team, the project itself, invent non-existent facts, trying malicious atmosphere around the start-up.
    • Further, the attackers send a letter to the corporate mail of the project or contact one of the project team members offering to stop the hate campaign for a reward. The amount of the reward varies depending on how greedy the scammers are.

    The attack on your project was organized by the company that is going to start its lottery ICO this summer. We offer you to overbuy the order. Waiting for the answer until the evening.

    The email sent by scammers to FireLotto

    Here is exactly what happened:

    • FireLotto team received an email from a group of individuals, who reported that the attack was ordered by another project, which launches its ICO in summer of 2018
    • Scammers attempted to attack the server and site of Fire Lotto project
    • Aftrewards, scammers began aggressive attacks on forum. From scammers profiles on bitcointalk Firelotto discovered that there were a lot of projects that have already been attacked
    • Finally, scammers requested a ransom to stop the attack and remove all the negative information

    Firelotto scammers emailsScammers emails to FireLotto

    The strategy of scammers includes attacking project's bitcointalk forum, DDOS attacks and a special webste dedicated to ICO project, launching groups in VK and Facebook promoting ICO project as a scam.

    We employ serious people and our support will be much more effective than any type of advertising. We don't insist because we have the order of your competitor who we have to answer tomorrow. We guarantee that they will not be able to find anyone else working in this area. Send your answer until 20:00.

    The email sent by scammers to FireLotto

    Scammers went further, and even provided the examples of their work on other projects:

    • ICO Worldcore

    After reviewing the emails sent to the representatives of FireLotto ICO it becomes clear that people sending such letters are scammers and not trustworthy crypto industry experts as they present themselves on the forum.

    scammers emails to firelottoScammers emails to FireLotto

    Tomorrow morning we will send a notice to the Singapore police claiming that you are collecting funds for terrorist activities. The same notice will be sent to similar services in Russia and USA. Your english language branch on bitcointalk forum will soon be sent to the trash can. We will send warnings to your followers on Twitter and Facebook. 

    The email sent by scammers to FireLotto

    Fire Lotto project decided not to encourage scammers and respond to what they ask for, so the project team informed the community about extortion and hating campaign from the attackers. After that was done, the scammers created new accounts and started sending threats to project administrators in Telegram, corporate mail, and writing defamatory posts on bitcointalk.

    It is crucially important to protect yourself, your funds and the projects you believe in from all types of fraud. We recommend our readers to trust only official channels of the projects they invest in, and be careful in choosing the one that can be really trusted.

    Do not let scammers mislead you!

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    Top Upcoming ICO 24th - 30th June

    Check the most interesting upcoming ICOs: ABLE,, TrustLogics, Smart Trip Platform, Etherisc, Gese and Kepler Technologies
    20 June 2018   402

    CBOE Presindent recently warned the ICO community about the issues, that they may face in nearest future. But we had some great news recently - it has became known that in 2018, ICO-projects raised $ 9.29 billion, which is more than double than total for the previous year. The corresponding data is reported by CoinSchedule. It is worth noting that, unlike many other ratings, CoinSchedule takes into account Telegram ($ 1.7 billion) and Venezuelan El Petro ($ 735 million). These projects are the leaders in terms of investment.In each month of the current year, more than $ 1 billion was collected, and at the expense of Telegram, March became the leader - $ 3.8 billion.

    Upcoming ICO

    Today we have prepared for you the best and most interesting ICOs, that will start offering coins next week. 

    Don’t forget to read to the bottom and take part in our poll about upcoming ICOs. 

    1. ABLE

    Hype.Codes rate 92

    The ABLE project will create a platform that enables cryptocurrency-based banking activities to center around the ABLE account, emanating from the fact that banking activities are carried out primarily through bank accounts. Users propose deposit and loan interest rates through a matching system, eliminating the lending-deposit spread by directly connecting users on a peer-to-peer basis. The ABLE project supports decentralized exchanges and provides decentralized cryptocurrency wealth management services through smart contracts. Ultimately the project aims to evolve into the ABLE Ecosystem through its integration with external systems, including simple payments.

    Vote for this ICO

    Sales dates. Jun 27th - Jul 10th (Pre-ICO)
    Accepted currencies. ETH 
    Soft cap 10,000 ETH
    Hard cap 25,000 ETH
    Website and Whitepaper


    Hype.Codes rate 83 is an International Digital Asset Platform, which aims to provide a complete Derivatives Ecosystem for Crypto Assets, offering Futures, calendar & butterfly spreads, options, and swaps among major trading products. exchange also supports spot trading, P2P lending and ETFs. Additionally, it is providing an ICO venture fund with a focus on retail investors. platform provides a Point-and-Click Ladder based Trading Interface through its Desktop Application. Its simulator tool aids beginners in learning futures trading. will issue its own token, the IDAP token (IDAP), which will be based on Ethereum blockchain (ERC 20). IDAP token holders will get 50% discount in trading and management fees if paid in IDAP tokens. There will be zero trading fees for ICO contributors.

    Vote for this ICO

    Sales dates. Jun 25th - Jul 24th
    Accepted currencies. ETH, BTC
    Hard cap 750,000,000 IDAP
    Website and Whitepaper

    3. TrustLogics

    Hype.Codes rate 91

    We, at TrustLogics, aim to streamline the global recruitment industry’s inefficiencies — fake resumes, faulty hiring, lack of background verification, data loss — by harnessing the immutable and secure characteristics of blockchain technology. We strongly believe that we can breathe fresh life into the hiring process for both Professionals and Independent Service Providers by utilizing Smart Contracts and certified background validators. We intend to establish a platform where: 1) Jobseekers can get their professional milestones verified, by TrustLogics ecosystem users or 3rd party certified & partnered validators 2) Recruiters can use power of Peers who can refer suitable candidates for posted jobs 3) Independent Service Providers (Blue Collar contractors) can benefit from background checks and build shareable Digital portfolios containing reviews, ratings and reputation levels, which will eliminate middlemen/service websites.

    Vote for this ICO

    Sales dates. Jun 25th - Aug 20th
    Accepted currencies. ETH, BTC, LTC, BCH
    Soft cap $2M
    Hard cap $16M
    Website and Whitepaper

    4. Smart Trip Platform

    Hype.Codes rate 89

    A blockchain-enabled ecosystem that connects travelers and travel service providers to create unforgettable trips. Smart Trip Platform will have a wide range of social network features: chatrooms, blogs, photos & videos, reviews, etc. This way, users will be able to share their travel experiences, ask and give advice, find travel mates, build up their ratings and become influencers, create itineraries together, and much more. To travel business, Smart Trip Platform will offer low commissions, direct access to a vast client base from across the globe, and affordable advertising on the platform. Smart Trip Platform will be the first A to Z trip planning tool and travel-centered social network - all powered by blockchain.

    Vote for this ICO

    Sales dates. Jun 25th - Jul 22nd
    Accepted currencies. BTC, ETH, LTC, BCH, XRP, DASH, ADA 
    Soft cap $1M
    Hard cap $25M 
    Website and Whitepaper

    5. Etherisc

    Hype.Codes rate 86

    The mission of Etherisc is to build an open protocol for decentralized insurance applications, making it more efficient, enabling lower operational costs, providing greater transparency into the industry compared to traditional operations, and democratize access to reinsurance investments. Three demos have already been developed for three different insurance fields: Flight Delay DAPP, Social Insurance and Crop Insurance. And, especially interesting for the crypto space, Etherisc is also working on a multi-signature crypto wallet that can be insured.

    Vote for this ICO

    Sales dates. Jun 25th - Jul 23rd
    Accepted currencies. ETH
    Hard cap $30M
    Website and Whitepaper

    6. Gese

    Hype.Codes rate 89

    The Gese blockchain-platform is a worldwide database of all alcoholic beverages, allowing users to quickly select a quality product that matches their taste preferences. Searching for information has never been easier: now, to get a complete product content information, a consumer just needs to place his smartphone over the NFC-label attached to the bottle. Gese will help the consumer make the right choices even before going to the store: the application will recommend alcoholic drinks based on the user's past preferences, show current reviews and help find the most optimal options from local stores. The buyer can verify the product authenticity by simply taking the bottle from the counter and placing his smartphone over the NFC-tag. Subsequently, the Gese user will be able to get a reward for writing a review about the purchased beverage and handing over the used packaging at a designated recycling point. Thus, the platform accompanies the buyer not only before, but also after the product purchase, thereby encouraging his activity within the system.

    Vote for this ICO

    Sales dates. Jun 26th - Jul 10th 
    Accepted currencies. ETH, BTC
    Soft cap 3,818 ETH
    Hard cap 49,090 ETH
    Website and Whitepaper

    7. Kepler Technologies

    Hype.Codes rate 85

    We are building an international ecosystem for the driven of development and production of AI & robotics. It consists of own and partners R&D laboratories, technoparks, factories and an Online platform that will bring together developers, investors, and customers from around the world.

    Vote for this ICO

    Sales dates. Jun 26th - Jul 17th
    Accepted currencies. ETH, BTC
    Soft cap $10M
    Hard cap $62.5M
    Website and Whitepaper

    What is Hype.Codes Rate? team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:

    • Landing webpage design
    • Completeness of information provided on the landing webpage
    • Convenience of information search on the landing webpage
    • The concept itself
    • Whitepaper
    • Reputation and accessibility of information about the project team, their experience
    • Project activity on social networks
    • And many other

    We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups. 

    Learn about the best ICOs of recent weeks in this articles:

    Which ICO is the most interesting for you?

    Please, share your thoughts on which tokensale of the upcoming week  (24.06 - 30.06) is the most interesting for you. Which will you invest your funds in to receive the largest income? Or maybe you had already invested in one or several crowdsale campaigns, that are represented below?