Wow, Who Could Have Predicted 59 Percent of 2017’s ICOs Are Already Dead or Doomed

Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”?

Researchers Say $400 Million Raised Through Cryptocurrency ICOs Has Been Lost or Stolen

New risk assessment research into cryptocurrency investing has arrived at an unsurprising (if finally quantifiable) conclusion: Over 10 percent of all funds raised through initial coin offerings (ICOs) has vanished into thin air.

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