Amount of Money Raised in ICOs Attracts Scammers

The amount of money raised through initial coin offerings (ICOs) will always attract scammers and fraudsters who want to make a quick buck and take advantage of others, Abdelfattah Chehab, Co-founder and CEO of ICO crowdfunding platform Loligo told Cryptovest in an interview. The Loligo platform offers tools to launch a professional ICO.

Reacting to a report by published by Cryptovest that over 80% of digital asset projects are copy-pasted, which prevents the development of the digital asset industry, Chehab said the scenario is understandable, stating “Where there is money there are scammers.”

“Fundraising via ICO has grown into the method of choice for entreprene…

This article appeared first on Cryptovest

Like this: Like Loading...