South Korean Police Swoop On $130 Billion Shipwreck Fraud
We earlier carried a report of a South Korean company, Shinil Group, which announced a $130 billion ICO with shipwreck gold-backing....
Category: ICO Scam
Wikipedia Founder Rules Out Possibility Of Launching A Reverse ICO
Wikipedia founder Jimmy Wales is ruling out the possibility of launching an Initial Coin Offering (ICO) for the free online encyclopedia. Wales made his position known in an exclusive interview with...
Korean Shipwreck ICO May Be Defrauding Investors, Local Police Believe
The police in South Korea launched investigations into an ICO claiming to sell shipwreck treasures to interested people. The Shinil Group claims to have inadvertently discovered the shipwreck from a...
These Moves Aimed At Reducing ICO Scams In South Korea Will Interest You
One of the hard lessons crypto-asset investors are learning recently is that ICOs and frauds are nearly inseparable. This is particularly true, given that no week comes to an end without news of ICO...
It’s Official: Cryptocurrency Scam 2nd Commonest In Australia
The future of the cryptocurrency industry is becoming scary with each passing day. The reason is that while cryptocurrency has made many people genuinely richer, others are out to abuse it. This abuse...
Issuing A New Warning, CFTC Speaks On Cryptocurrencies
In a new Customer Advisory, the Commodity Futures Trading Commission (CFTC) is cautioning customers. They are asking investors to do excessive research before buying virtual coins or tokens, including...
UPenn Law School Report Claims Most ICOs Are Scams
If you are wondering whether or not Initial Coin Offerings (ICOs) are scams, you will find this UPenn Law School report insightful. This new report is coming on the heels of increasing suspicion among...
Former Macau Gangster Sees ICO Raises $750M in Five Minutes
Wan Kuok-koi, a former gangster, launched his own ICO in Cambodia which then spread to the Philippines and Thailand. The ICO sold a total of 450 million HB tokens out of the planned 500 million tokens....
Crypto Scandal: Chinese Billionaire Says Binance Executes Dirty Deals
Exchanges and cryptocurrencies want to avoid scandal so as to keep attracting more and more investors to them. Binance Exchange, the world’s biggest cryptocurrency exchange, is no exception to this...
The Moscow Exchange Preps Infrastructure To Enable Companies To Conduct ICOs
The Moscow Exchange is planning to establish a platform which will enable companies to conduct Initial Coin Offerings (ICOs). The exchange expects to launch the platform before the end of this year....