$300 million were stolen during the ICOs in 2017

According to Kaspersky Lab’s experts, during the year 2017 the ICOs have attracted $3.5 billion with $300 million being stolen by hackers. The number of ICO related fraud victims exceeded 60,000 people. Hackers interest is mainly fueled by substantial funds the ICO participants invest in ICOs: the average amount is approximately $5,000.

In most cases the money were stolen via hacker attacks, phishing webpages and spam letters with offers to invest in fake ICOs. Sometimes founders of ICOstartups simply disappear with money.

One way or another, it is critical to understand that fraud will haunt the ICO market due to the nature of this crowdfunding mechanism and its incredible popularity. Yet, with the Descrow platform the chances to keep invested in the ICO funds grow exponentially. Each of mentioned above ways of stealing money does not deprive the investors of all their money, because funds are stored in a frozen state in the investor personal wallet until the next payment tranche time comes.

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