WSJ Research Flags 271 ICOs with 20% Turned Out to Be Scams

[kreslik.news]

According to research conducted by the Wall Street Journal, around 20% of ‎initial coin offerings (ICOs) are simply pure scams, with many others more ‎likely to end in failure.‎

The WSJ’s team came to conclusions after analyzing 1,450 digital coin ‎offerings, of which 271 were red-flagged on the basis of various ‎parameters, such as “plagiarized investor documents, promises of ‎guaranteed returns and missing or fake executive teams.”

So far, more than $1 billion has been poured into ICOs where the Journal ‎identified red flags, despite the fact that it’s nearly impossible to know ‎which ones will survive. ‎

To do their work, the ... (read more)