The exponential growth of the ICO sector from raising a mere $100 million in 2016 to raising $22 billion in 2018 has not been a smooth growth. The growth has been mannered with fraudsters who end up walking away with investor’s money. With some of these ICO investors coming from the US and other countries…
ICO organizers are upgrading their marketing strategy and are turning to celebrities to call onto their fans to invest in their ICOs. For Centra Tech they paid boxing champ Floyd Mayweather Jr and music producer DJ Khaled to promoter their ICO to their fans, but the ICO ended up to be a sham. With the…
An ICO conducted by Cryptocurrency Mining Firm Envion AG has led to the Cantonal Court in Switzerland to order for its liquidation after the founders disagreed and ran to the court for assistance. Envion AG was a mining firm that was crafted out of an idea of mining cryptocurrency on mobile trailers mining units through…
A petition filed in court by 17 shareholders of IDC Investdotcom Holding has led to the Tel Aviv court appointing a temporary liquidator. The 17 had filed a petition alleging that Moshe Hogeg director of DC Investdotcom Holding has embezzled funds raised from two ICOs resulting to the company becoming insolvent. According to the petition…
