ico scams News and Articles

A federal judge in the southern district of New York ordered Eran Eyal, CEO of Shopin, a crypto company, to pay a fine of $450,000 after being convicted of three fraud episodes through an unregistered $42 million ICO. The U.S. Securities and Exchange Commission (SEC) in December 2019 accused...

Brooklyn-based 39-year-old Maxim Zaslavsky, who was found guilty of fraud in organizing two ICOs, was sentenced to 18 months in prison. This was reported by the attorney of New York. Zaslavsky and his associates deliberately misled about 1,000 investors that the REcoin crypto coin they created was...

The founders of the cryptocurrency trading platform My Crypto Trade (MCT) completed an exit scam by stealing user funds from the platform. The total damage, according to minimal estimates, amounted to 100 thousand euros in cryptocurrency. Being the moderator of MCT Discord chat for over a year and...

In our world, especially with the development of the IT sector, there is more fraud. Criminals operating in the real world are now going virtual as well because sums of money or cryptocurrencies are also high there. This also applies to the blockchain sphere, especially to the ICO projects, the...

Over the short history of the ICO, there’ve been many big scam campaigns: one deleted all the pages of their website, leaving obscene or mocking expressions on the main pages. But now scammers have begun to be caught: for example, the creator of PlexCoin project Dominique Lacroix was recently...