Crypto-Currency Fraud

Coinopsy defines a “dead” coin 

as exhibiting at least one of the following:

   “abandoned, scammed, website dead, 

no nodes, wallet issues, no social updates, 

low volume or developers have walked away 

from the project.”

According to Coinopsy’s list, 

there are 247 “dead” coins,

including Bitconnect,

shut down in January 2018,

and described by the website as 

“the most successful ponzi-scheme 

in crypto so far.”

DeadCoins has a 830-item long list 

of “dead” crypto-currencies.

According to the SEC’s press release, 

Initial Coin Offerings are an

extremely risky type of investment:

   “Having filed multiple cases 

involving allegedly fraudulent ICOs, 

we again encourage investors 

to be especially cautious 

when considering these 

as investments.”

According to TechCrunch, 

scam and dead ICOs 

raised $1 billion in 2017.

Cointelegraph reported last week 

that the 2018 volume of ICOs 

has reached $13.7 billion so far, 

already twice as much as full year 2017.