As we reported recently there is something of a cryptocurrency gold rush under way and while optimism is high, there are plenty of pitfalls to watch out for.
An analysis of 1,450 initial coin offers (ICOs) by The Wall Street Journal has found that 271 have red flags including plagiarised white papers, fake execs, promised returns.
According to the report, investors have poured more than $1bn into these 271 offerings alone.
It is understood that investors have already claimed losses of up to $273m in these dodgy ICOs.
ICOs, or coin sales, give investors a chance to buy …read more
Source:: Silicon Republic News