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.
Scammers masquerading as "the Telegram Foundation" are trying to defraud users through a fake public ICO.
Due to a phishing scam, investors in the Bee Token ICO have actually sent nearly $1 million to malicious actors instead.
Initial coin offerings (ICOs) are the "biggest scam ever," according to Jordan Belfort, better known as the "Wolf of Wall Street."
Wikipedia founder Jimmy Wales told CNBC that investors should be "very wary" of ICOs, which he referred to as "absolute scams."
The SEC charged two companies and a businessman with anti-fraud violations after he allegedly launched ICO campaigns backed by nonexistent assets.
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.
As much as $500,000 in ether has been stolen from supporters of the Enigma blockchain project following a security compromise.
The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.
Reports of cryptocurrency and foreign exchange scams surged in the U.K. last year, while total reported losses dropped, says the FCA.