Almost One in Five ICOs Are Fraudulent, Says New Wall Street Journal StudyThe Wall Street Journal analyzed 1,450 Initial Coin Offerings (ICOs) and found that nearly 19 percent of them had fraudulent elements. In its piece, the WSJ used the investment startup Premium Trade as an example of a particularly obvious scam. ICO startups have a rich history of duping their investors. And direct theft or fraud isn’t the only danger that ICO investors have to worry about. While ICOs have been a phenomenon since at least 2014, it was in 2017 that the crowdfunding method surged in popularity.

Source: Wall Street Journal May 19, 2018 09:01 UTC