The results: 80 percent of the ICO in 2017 were fraudulent - Kogonuso


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Jul 13, 2018

The results: 80 percent of the ICO in 2017 were fraudulent

A recent study prepared by the consulting firm ICS Statis GroupIt shows that more than 80% ICO (the initial proposals on the coins), conducted in 2017, can be attributed to fraud.

The study took into account the life cycle of ICO, launched in 2017, starting with the original proposal for the sale, to the active phase of trading in the kriptobirzhah.

According to the study, in 2017, more than 70% of funding ICO (fund volume) were directed to projects of "high quality", although more than 80% of the projects have been identified as fraud.

Failure and death ICO projects

Analysts have found that 4% ICO failed, and 3% of "dead." The study acknowledged the ICO death when "not to include coins in listing of stock exchanges and the lack of activity on Github for 3 months from now."

TOP scammers 2017

According to the study, total financing in 2017 amounted to 11.9 billion US. Dollars..

11% of the total amount of funding ICO (. $ 1,34 billion) went to the fraudulent projects, mainly funds distributed in the 3 biggest scam-project: Pincoin ($ 660m.), Arisebank ($ 600m.) And Savedroid ($ 50 million. ), which together account for $ 1.31 billion.

This suggests that although a large number of ICO were crooks, they receive very little money in comparison with the industry as a whole.

Kriptoproekty dying

Earlier, TechCrunch published a report based on data and Coinopsy DeadCoins, in which it was found that more than 300 kriptoproektov "already dead", as of June 30, 2018. According Coinopsy list, 247 were "dead" coins, while DeadCoins was a 830-point long list of "dead" cryptocurrency.

Hackers steal and looking for work

According to research conducted cybersecurity Carbon Black companies in June, the first half of 2018 was stolen digital currencies worth about 1.1 billion. US dollars. Security guards said that criminals use "dark-no" in order to facilitate large-scale theft cryptocurrency.

According to reports, estimates show that the market is "dark web" has 12,000 retail sites and 34 000 offers, offering hacking services.

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