“Red Flags” In 19% of ICOs according to WSJ Research – Bitcoints

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Published on May 17th, 2018 | by bitcoin

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“Red Flags” In 19% of ICOs according to WSJ Research

“Red Flags” In 19% of ICOs according to WSJ ResearchOf the 271 suspicious actors, some have already shut down, with lawsuits and regulators resulting in investors attempting to recoup an estimated $273 mln in lost funds.
Authorities continue to grapple with the rate of expansion of ICOs throughout the world in 2018, with the US Securities and Exchange Commission (SEC) resolving to closely monitor the domestic arena for bad actors.
The fundraising tool further divides opinion both inside and outside the cryptocurrency industry.
Cointelegraph today reported on how UK platform CoinShares’ CEO Danny Masters said improvements to the ICO arena were an essential step in allowing Bitcoin markets to grow.
“I still receive phone calls and SMS telling me I won a grand prize, but I need to make a bank transfer to someone first.

Source: Cointelegraph.com

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