The Wall Street Journal has carried out an exhaustive study on 1,450 ICO sites and found that nearly 271 of them are scammed. They were promoted by assuring ‘no risk returns, extremely high percentage returns, and celebrity endorsements.’ It is revealed by the SEC that $12 billion was raised through ICOs since 2017. The journal also detailed on Denaro project.
Wall Street Journal: Identifies 271 ICO scamsIncryptsMay 18, 20180375
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