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ICOs seems to have vastly higher rate of fraud than say Kickstarter
by matkoniecz 6y ago
ICOs seems to have vastly higher rate of fraud than say Kickstarter
- dumbfoundded 6y agoYes, but you don't get equity or securities equivalents from Kickstarter. Here's an article about how $115B was scammed from crowdfunding investors in China (1). The biggest individual scam was a simple $8B Ponzi scheme. (1) https://www.crowdfundinsider.com/2020/08/165315-115-billion-in-losses-reported-due-to-scams-involving-chinas-p2p-lending-platforms/ https://www.crowdfundinsider.com/2020/08/165315-115-billion-...