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Cryptocurrency exit scams have conned people out of almost $100M

Monday, August 13, 2018 by Piyush Suthar | Comments

Home News Tech Cryptocurrency exit scams have conned people out of almost $100M

Almost $100 million in cryptocurrency has been stolen by exit sammers, as ICO tokens continue to plummet in value. Indeed, the figures suggest that ICO scams over the last two years total at least $96.8 million in value, according to data compiled by blockchain intelligence firm Diar. For context, data suggests that blockchain startups have raised over $6.3 billion from ICOs in 2018 alone. For the record, Chinese company Shenzhen Puyin Blockchain Group is responsible for a staggering $60 million of all thefts. The company raised funds for three different ventures – ACChain, Puyin, and BioLifeChain – neither of which…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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