Scammed - Lost all our ADA

Hello, let’s take a simple example for illustration purposes. Let’s say a scammer X is using a website A, so he does his thing, then you come, you spend a few hours reporting A, maybe others do like yourself and report A as well. Now the scammer is using website B (registering a domain name takes under a minute, and setting up a basic website is well under an hour when everything is ready), so you spend again a few hours and so on. In the end, X is still there, scamming as ever, it’s a bit of a «whack-a-mole» situation. CF and the community are doing their best at preventing these scams by informing people «before the fact» like the article on preventing loss of Ada, the video of Charles Hoskinson on giveaway scams, the post of @andreassosilo. There even is a wiki for scam alerts, but it does not seem operational right now. Despite all of that, sometimes it’s too late. And spending resources on the symptom will not eradicate the root cause.

Don’t get me wrong, it’s definitely better to report when you can rather than not do it, my point is only about efficiency. If you’ve got one central entity for relevant data collection then not only can you gather much more actionable information (imagine CF had the list of all scammer wallets, then they could get flagged on all exchanges), you can see patterns (like the same website being used on several domain names) and you avoid letting several people doing the exact same thing when only one would have been enough.

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