A Starscape Capital scam was reported on January 22nd, with all the project\'s invested funds disappearing along with its web presences. Any Ether put into the wallet set up for this company\'s ICO is therefore gone for good, and the report identified certain pointers which might enable investors to spot a fraudulent ICO. These include the lack of any real function for Starscape\'s token coin, and hence any real need for an ICO in the first place. If a crypto coin has no purpose, why issue one?

Secondly, Starscape\'s business model didn\'t necessarily need any investors in the first place. The practice of arbitrage doesn\'t require a vast amount of capital, as it\'s all based on market movements. An arbitrager experienced enough to achieve the Starscape white paper\'s goals could probably do so without any need for additional investors.

Hindsight is a wonderful thing, but there are lessons to be learned from such mistakes. Crypto scams are becoming more subtle, and more homework needs to be done to pick out inconsistencies that might give it away, or just show that an investment is basically bad. If you have any doubts, examine these inconsistencies and try to tear the project to pieces. If you can, then it\'s probably not legit.