Five latest ICO scams and hacks

“One of the economy growth indicators is a healthy investment environment, where the idea becomes the product and the investor is certain of safety. The infrastructure solution implemented by Descrow keeps pace with blockchain evolution and forestalls the result”, said Vladislav Martynov, an entrepreneur, investor and “Ethereum Foundation” supervisory board member.

In times when hype around initial coin offering crowdfunding escalates, the consensual concern rockets. The ICO market is at its early stage of development and is, indeed, a high risk investment. But despite the big scandals with huge losses of investor funds, initial coin offerings continue to raise substantial funds. A growing number of funds and private investors come to conclusion that the return on ICO investments is incredible in comparison with traditional tools of investments, and the game is definitely worth a candle. Needless to say, scammers didn’t wait too long to join the market.

In our “hit list” we are bringing light to five most recent and vibrant ICO fraud cases, presenting the stories in the сhronological order. As you will notice, not every project was intended to be a scam, but in all cases investors funds, and consequently, nerves suffered quite a loss.

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