# scams News

South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019. ICO Fiasco in South Korea South Korea officially curbed ICOs on September 29, 2017, when the FSC stated that it...

The Wall Street Journal (WSJ), an international daily newspaper on December 26 2018, released a report which shows that out of 3,291 initial coin offerings (ICOs), 513 of them are very risky or outright scam projects, as a  number of red flags were seen in their whitepapers, including duplicate content,...

The price of bitcoin dropped by over 15 percent versus last week’s close after it became clear that the crypto markets will have to wait longer for a potential Bitcoin ETF to be approved in the U.S. "Crypto Mom" Provides Insights Hester Peirce, a commissioner of the SEC often referred...

A fraud prosecution case in the United States (U.S.), involving initial coin offerings (ICO) recently ended in a guilty plea. According to a Bloomberg article published on November 15, 2018, the guilty man, Maksin Zaslavskiy, admitted to the U.S. judge that he had raised millions in investment and lied to approximately 1,000...

Peter Todd has been one of the most vocal developers in the Bitcoin space and for good reason. The 33-year-old Canadian software engineer has been fiddling with the pioneer cryptocurrency for some time now, and when perusing his blog, much of this work has also shaped much of the crypto...