Hype is one of the reson that makes ICO market so attractive for an average user. But, does more hype equals to more profits? Not really. presenting you TOP 5 largest "ICO exit scams"
PlexCoin ($ 15M raised)
Famous Mr. Lacroix (Now in Canadian jail) raised $ 15M and allocate them to different wallets created by himself. Investigation in process.Benebit ($ 3-4M raised)
Classic scam with fake team and fake, but very productive social activities. Project itself had no value in it and blockchain implementation is uselessEbitz ($ 2.9M raised)
Cryptocurrency designed to beat Zcash - that was declared as a mission of the project, but later on all has been dissapeard alongside with investor's moneyREcoin ($ 300k raised)
Mr. Zaslavskiy (arrested in USA) has created two startups and offered cryptocurrency (REcoin) backed by real estate. SEC found out that there no real operations took place at all.PonziCoin ($ 250k raised)
Yes, you've heard right. It's PonziCoin! It's the best example of the current state of the market. Until there are people who are ready to invest in something called Ponzi - Scammers will reach success.
REMEMBER: WHEN INVESTING, USE YOUR BRAIN, NOT YOUR HEART OR EMOTIONS. dO yOUR oWN rESEARCH!
