Catch Me If You Can : #crypto Edition
▻https://hackernoon.com/catch-me-if-you-can-crypto-edition-821bf6eb1972?source=rss----3a8144eabf
The Thankless Job of #ico #scam HuntingOver 100 Million in Exit Scams as of AugustExit Scamming is when an ICO that has laid out plans to build something all of a sudden disappears and never makes good on their intention to use investor funds to build their project. Diar wrote about this back in August, identifying multiple scams that had taken place over the year.Unsurprisingly, the blatant exit scams continue to plague the largely unregulated ICO sector where the founders have no contractual obligation to deliver a product. After raising millions of dollars with no string attached, the founders’ incentives to actually build a valuable company are very limited.-Diar NewsletterCrypto’s Biggest Problem is the Scam Image“So let me get this straight, you are saying that this money that someone (...)