Scam and Suspicious project list

[DAOhub]

Scam and Suspicious project list

While the vast majority of the ethereum community seem to have the best of intentions, there are unfortunately some bad actors. This thread is a living document and is intended to serve as a canary for projects which are known scams or are exhibiting suspicious behaviour.
If you would like to see a project added to the list, or believe one has been added erroneously, please create a new linked topic[1] describing why you believe the project should be added or removed.

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[1] -- press [j] or [k] until the appropriate section is highlighted, then press [t] to reply with a new topic

[DAOhub]

Known Scams:

Avoid at all costs.

• Roundcoin: The roundcoin whitepaper is blatantly copy and pasted from the FirstBlood.io whitepaper. It appears they have already run an ICO and claim to have raised over 100 BTC (sincere apologies to anyone who committed funds).

[DAOhub]

Suspicious Projects:

Proceed with caution.

• Arcade City: The project has received a mountain of criticism over the past few months, largely in response to the involvement of Christopher David, who is reported to be a known scam artist. The project has now removed Christopher David from his role as CEO of the organisation, however it seems much of the reputation damage has already been done.
• WINGS DAO While it is a very ambitious project, that could ultimately be good for the ecosystem, they appear to have engaged in some questionable social media practices. Literally every tweet they make is receiving 500+ re-tweets and likes, which are astronomical numbers average numbers for an account with <8k followers (>6%). Compare this with Kim Kardashian who routinely gets between 1-20k re-tweets/likes for her 49.3M followers (<0.0004%). Either the WINGS DAO team are insanely good growth hackers, or there is something fishy going on. You be the judge.