Monday, May 21, 2018

WSJ: 1 in 5 ICOs Is A Scam

According to the Wall Street Journal, you should be very wary of digital coin offerings.

Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.