Need Advice on Recovering Funds from an ICO Investment

Back in 2018 I put in 720 ETH into what seemed like a solid ICO. The team looked legit and the whitepaper was on point. Idea was to invest in properties and collect rent based on that investment. So, I thought it was a no-brainer.

Wow, sounds risky. If they’re bankrupt from Covid, tough luck getting your cash back. You’d need to show fraud to fight them in court, but good luck with that.

Yeah, if the company’s liquidated, they probably have nothing left. Unless a court forces them to pay up, you’re kinda stuck. Best bet is to see if you can sue them.

They were paying rent at first, right? But then Covid hit and that messed everything up. I wonder how you’d argue against something like a global disaster... Tough situation.

That’s the plan. I’m thinking of getting a lawyer on board to see if there’s anything left to recover.

I’m digging into my options too. Trying to find the best country for legal help. Feels like a scam though... Gonna take ages to piece it all together.

If you think it was an exit scam, that’s huge info. Just stay low-key about your findings, these guys can be shady. Heard about such scams happening in Thailand.

Appreciate the support! Not all ICOs are scams, but yeah, this one’s looking shady. Hearing that over 90% fail is disheartening. If they went belly up, might be game over.

I’ll check that out soon. Update in a bit.

The properties are likely there, but are the original owners renting them out? They might have hidden those assets if they sold them off.

Getting a lawyer experienced in crypto is key. Document everything you have. Gather info on the company and your transactions. It’s gonna cost, but it’s worth it.

I’m not sure where to look for legal help. Europe or Thailand? I have some property documents from their site that might help.

Totally agree about needing legal advice, but finding a good lawyer is tricky. Most investors I know just wrote off their losses.

Trying to find legal teams from similar cases is a good step. LinkedIn could be helpful.

Any similar cases you know of?

Have you heard of this guy on Twitter? He deals with these scams and could help you find a lawyer.

Yeah, I figured getting solid proof is important before involving a lawyer. I was thinking of reaching out to regulatory bodies too.

That’s what you need to do. Gathering all the data for a strong case is essential, but it won’t be easy since most investors seem indifferent.

Do you know who owns the properties now? If they sold to a different owner, getting any of your money back could be tough.

True, this situation is rough. I really hope you get some help. I’d suggest reaching out to that guy on Twitter for more guidance.