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The Securities and Exchange Commission (SEC) is out with a new idea to highlight the risks of the booming ICOs market, which has grown rapidly with estimates topping $4 billion in token sales in 2017 alone.
The SEC’s Office of Investor Education and Advocacy (OIEA) has created a bogus initial coin offering (ICO) website that advertises a ‘too good to be’ true investment opportunity. The regulator said it wants to explain that as with many other hyped markets, scammers are never far behind in trying to take advantage of cryptocurrency-based schemes.
The fictitious site, HoweyCoins.com, shows many sales tactics in which ... (read more)