Tag Archive: ICO scams

  • major red flag scams Altcoins, Emerging Markets, News, News teaser

    New Study: 20% of ICOs Are Scams, But Investors Aren’t Fazed

    Initial Coin Offerings (ICOs) have become the hottest way of raising capital, but at least one in five has turned out to be a scam, according to a new study. 1 in 5 ICO Projects are Scams The number of Initial Coin Offerings (ICOs) has gone through the roof throughout the last year as their underpinned technology, the blockchain, received mass media exposure and starts to see widespread adoption. Yet, being comparatively easy means of

    · May 21, 2018 · 7:00 am
  • Centra Tech News, News teaser

    Centra Tech Co-founders Indicted in $60 Million ICO Fraud

    A grand jury in the Southern District of New York has indicted the three co-founders of Centra Tech. The U.S. Attorney’s Office of the district issued a press release on May 14 announcing the indictment. The Centra Tech Fraud Sorhab Sharma, Raymond Trapani, and Robert Farkas, the three co-founders of Centra Tech allegedly tried to defraud investors via a token sale. They were all arrested in April 2018 and charged with the same crimes. Commenting

    · May 16, 2018 · 7:00 pm
  • Entersoft - a New Weapon in the Fight Against ICO Scams? FinTech, News, News teaser, Start-Ups, Technology

    Entersoft – a New Weapon in the Fight Against ICO Scams?

    Brisbane-based platform Entersoft is providing comprehensive security solutions for the ICO industry, saving these companies from the threat of hacks and scams. Even though 2017 was the year of the crypto, the ICO industry enjoyed a major ripple effect. Startups were springing up and raising millions in just a few hours, or even minutes. Everybody wanted to be a part of the digital revolution, and rightly so. However, along with this interest in ICOs, came the

    · April 21, 2018 · 4:00 am
  • Vietnam Calls for Tougher Cryptocurrency Measures Amid Investigation into Possible $658 Million ICO Scam Altcoin News, News, News teaser

    Vietnam Calls for Tougher Cryptocurrency Measures Amid Investigation into Possible $658 Million ICO Scam

    The Vietnamese government is urging greater vigilance with regard to cryptocurrency transactions and investments even as police begin an investigation into what may well turn out to be the country’s biggest instance of cryptocurrency fraud to date. According to Al Jazeera, the Vietnamese government is reportedly tightening its policies on all things crypto-related. The government’s reaction follows protests against what may turn out to be the country’s biggest ICO scam. A statement on the country’s official

    · April 13, 2018 · 1:30 am