FBI to List Scam ICO Signs

They include inaccurate information about the professional experience of project managers, overly aggressive marketing of the ICO and more
20 February 2019   571

The US Federal Bureau of Investigation (FBI) in an interview with the Netherlands site Paypers listed signs of a fraudulent initial coin offering (ICO) scheme.

They include inaccurate information about the professional experience of project managers, overly aggressive marketing of the ICO, and unrealistic promises of future token profitability.

In order not to become a scam project investor, the FBI advises checking that the ICO has a registration and which laws apply to the sale of tokens in the licensing jurisdiction. To check the status of registration of organizations, you can use the BrokerCheck system of the Financial Institutions Regulatory Agency (FINRA).

In addition, the FBI said that late registration of cryptocurrency exchanges and cryptomattes is also considered a violation of US federal laws.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   139

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.