More Than 10% Of $3.7 Billion In ICO Profits Has Been Stolen By Hackers | WHAT REALLY HAPPENED


More Than 10% Of $3.7 Billion In ICO Profits Has Been Stolen By Hackers

Indeed, incompetence and outright fraud aren't just rampant in the ICO space: They're the norm; even the largest - and purportedly most credible - ICOs - have been tainted by scandal. Offerings like Tezos, which raised more than $230 million and was backed by widely respected VCs like Tim Draper - have been hit with dozens of lawsuits from investors alleging negligence, embezzlement and fraud, according to Reuters.

By some estimates, up to 90% of these offerings will lose money for their investors.

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