Did you fall for it? 13 ICO scams that fooled thousands

Dec 6, 2020 · Did you fall for it? 13 ICO scams that fooled thousands

$735
OFF

Did You Fall For It? 13 ICO Scams That Fooled Thousands

2 weeks from now

The largest loss via scam is the so-called “Petro-scam,” from which investors lost a total $735 million. ICO scam categories. Dead, fake, or both. We retrieved ICOs that had been …

i2j.net

FAQs about Did you fall for it? 13 ICO scams that fooled thousands Coupon?

What is the biggest ICO scam?

The largest loss via scam is the so-called “ Petro-scam,” from which investors lost a total $735 million. Dead, fake, or both We retrieved ICOs that had been categorized as “listed” by dead-project aggregators DeadCoins and Coinopsy, and analyzed them to identify 13 different ways that investors can be fooled by scammers. ...

What is a fraudulent ICO?

Next, we defined another form of fraudulent ICO as a “pre-mine scam,” referring to tokens being shared among developers and/or promoters after the final token sale took place instead of burning the unsold tokens as is appropriate in such cases. This scams investors simply because a higher token circulation supply implies a lower token price. ...

How to avoid ICO scams?

Read the white paper: To get a clear understanding, read the whitepaper project carefully as it will help you avoid ICO scams. Any blockchain white paper project lays out the goals, background, concerns, strategy, SWOT analysis, financial model and implementation timeline. Companies that don’t provide whitepapers should be avoided. ...

Are Icos a scam?

If the developers and promoters who collected funds for an ICO suddenly disappeared while leaving investors without any information, we categorized those ICOs as an “exit scam. Compound scams and exploding airdrops We observed many ICO scam accusations in which the same group of developers was actively conducting scams in other projects. ...

What is a cryptocurrency exit scam?

The Exit Scam A cryptocurrency exit scam is a fraudulent operation planned by unscrupulous promoters who collect funds for an ICO and immediately disappear without providing any information to investors. To help you make smart investment decisions and avoid fraudulent ICOs, here are few methods available: ...

What are the different types of ICO scams?

A “Ponzi scam” is another category of scam observed. This type of scam typically requires that the victims invest in some product (s) or service (s) associated with the ICO and are promised returns at a later stage. URL scams and phishing trips ...