Scammers Turn to Threatening in Attempt to Rob ICO Project

Scammers are ready to use any means in order to reach their aim of money extortion, even going as far as directly threatening founders of ICO projects
07 March 2018   217

Just a couple of days ago we have reported about the scammers, who invented new ways of fraud, starting cyber-hate campaigns against the projects which were in their ICO phase and promising to stop false accusations only after they received the reward.

The strategy they used was pretty much the same with all projects they threatened. The scammers started a cyber-hate campaign in social networks and on the bitcointalk forum. They wrote different versions of the same accusations to all the projects, attacked the members of the project team, the project itself, invented non-existent facts. Then, the attackers contacted one of the project team members offering to stop the hate campaign for a reward.

But it turned out that the scammers did not plan to stop only on spoiling the reputation of ICO projects.

Scammers emails to FireLottoFireLotto refusing to pay to the scammers

When FireLotto, which starts its ICO on March 15, and which became the victim of the attack, refused to pay for the cyber-hate campaign being stopped, the scammers started real threats, mentioning health and freedom of ICO representatives.

Scammers requested FireLotto to pay for stopping cyber-hate campaign:

Let me help you. Until tomorrow night no one will post anything. Cover all pages with you banners and advertising. After that I will write a few positive comments. After I do it, you have to make a payment and then we can start working. That is the best deal for you, and I am already really tired of you wasting my time.

Scammers email to FireLotto

But FireLotto strongly refused:

We have already responded that there are fair and honest ways to earn money. We will not be able to talk if you continue to threat us with extortion. You can, for example, earn money by offering promotional packages or providing technical support for the projects. Now you are just wasting your time, and, for sure, nobody will pay you for that.

FireLotto reply

When the scammers realized that FireLotto does not intend to pay 1,5 ETH which they requested as a reward for stopping attacking project’s bitcointalk forum, DDOS attacks and promoting FireLotto ICO project as a scam, they started sending threatening texts directly to the admins and founders of the project.

Scammers texts to FirelottoScammers texts to FireLotto

As you can see from the chat screenshots, scammers even wrote that being caught by the police will be the least of the problems that FireLotto ICO will face, and started threatening them with hurting their health, promising to show how "soldering iron" works in action.

Fire Lotto project will in no way encourage scammers and give them what they ask for, and the project team will keep the community informed about extortion, hating campaigns, and any threats from the attackers.

We also recommend our readers to trust only official channels of ICO projects, and we will keep track of any news regarding cases of fraud, money extortion and dangerous projects.

TOP-3 Ongoing ICO 14 - 21 Mar According to Our Readers

Let’s check which ongoing ICOs from 14th to 21st March are considered the best according to our readers
22 March 2018   222

Our readers are dedicated cryptocurrency enthusiasts and fans of blockchain technology. We provide them with the ability to express their opinion regularly. Let’s check top three ongoing ICO according to our readers.

1. BitCar

Hyper car asset tokenization. BitCar is the first platform in the world that will allow you to P2P trade fractions of exotic cars using your crypto. Owners can peg their crypto to these hard assets for protection during times of high crypto volatility. Users will have access to this historically outperforming asset class for the first time through BitCar. BitCar will then also seek to provide fractional ownership services to the very large automotive industry using this new decentralized blockchain technology.

Bitcar ICO
Bitcar ICO

At the moment of press, tokens worth SGD 9.2 Million were sold during ICO. Great result!

2. Datarius

Datarius cryptobank is a decentralized partially closed system. As a P2P platform, the system enables users to decide themselves whether to use any of variable services and applications. This in turn allows to almost completely reduce transaction costs. Datarius serves as a direct link between lenders, borrowers, and the related services – managers, analysts, insurance companies, funds, trading terminals.

Datarius ICO
Datarius ICO

At the moment, $888 737 raised during the Datarius ITO. Good result!


The ADAMANT project is made to respond to the question of trust in private data transfer security, since it is based on a proven to be robust Blockchain conception, and its program code is open and public. The project uses modern encryption methods and unique Blockchain technology and provides a high guarantee of confidentiality of the information transfers among all users within the system.

Adamant ICO
Adamant ICO

Adamant team was able to reach soft cap! $532 949 raised! And the sale is still going!

We will keep our eye on these campaigns and we hope that their projects will be successful. We are really grateful to our readers for your opinion expression. Please, check the updated Top Ongoing ICO and take part in new poll!