2018-7-1 04:01 |
More than a thousand of crypto projects are “already dead” as of June 30, 2018, according to a recent TechCrunch report.
The news outlet has based its claim on data from two websites: Coinopsy and DeadCoins.
Among them is the recent Titanium Blockchain Infrastructure Services initial coin offering (ICO) that was shut down by the U.S. Securities and Exchange Commission (SEC) for fraudulent practices.
According to the SEC’s press release, Titanium has raised $21 million from investors from the U.S. and other countries.
According to TechCrunch, scam and dead ICOs raised $1 billion in 2017.
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