🔸 A couple of years back, the term “exit scam” became synonymous with the crypto industry. This was at a time when the market (at large) was replete with a number of cash grab ventures that looked great on paper but had little to no substantive value to back them up.
🔸 In its most basic sense, an exit scam can be thought of as a fraudulent scheme wherein the organizers of an initial coin offering (ICO) or a similar fundraising avenue disappear with their investors’ funds after acquiring a sizeable sum of money.
📌 A lot of scam projects and lack of regulations were the main reason for appearing STO and IEO. How do you think, did the situation became better now? Leave us a comment
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