Search for: ICO scam

Report: More Than Three-Quarters of ICOs Were Scams

| Christine Kim

In a report by an advisory firm on initial coin offering (ICO) investments, data shows close to 80% of all ICOs in 2017 were scams.

Fake Website Scam Targets Aspiring Telegram ICO Investors

| Annaliese Milano

Scammers masquerading as "the Telegram Foundation" are trying to defraud users through a fake public ICO.

Bee Token ICO Stung by $1 Million Phishing Scam

| Nikhilesh De

Due to a phishing scam, investors in the Bee Token ICO have actually sent nearly $1 million to malicious actors instead.

The ‘Wolf of Wall Street’ Thinks ICOs Are a Scam

| Sujha Sundararajan

Initial coin offerings (ICOs) are the "biggest scam ever," according to Jordan Belfort, better known as the "Wolf of Wall Street."

Wikipedia Founder: ICOs Can Be ‘Absolute Scams’

| Nikhilesh De

Wikipedia founder Jimmy Wales told CNBC that investors should be "very wary" of ICOs, which he referred to as "absolute scams."

SEC Charges ICO: US Agency Takes Action Against Alleged Token Scammer

| Nikhilesh De

The SEC charged two companies and a businessman with anti-fraud violations after he allegedly launched ICO campaigns backed by nonexistent assets.

kik, messenger

$75 Million Goal: Kik ICO Kicks Off to Small Scams and Big Demand

| Rachel Rose O'Leary

An ICO for tokens that will power development of the social messaging service Kik raised millions in just the first few hours of its sale.

ICO Scammers Steal $500k in Phony Enigma Project Pre-Sale Launch

| Stan Higgins

As much as $500,000 in ether has been stolen from supporters of the Enigma blockchain project following a security compromise.

SEC Files Emergency Action Against Organizer of ‘Fraudulent’ $15 Million ICO

| Daniel Kuhn

The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.

Crypto and Forex Scam Reports Tripled in the UK Last Year, Watchdog Says

| Yogita Khatri

Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.