Scammers to Steal $35k Using Hype Around Telegram ICO

Scammers use the lack of official information about the TON ICO to perform such as schemes
19 April 2018   1748

"Kaspersky Lab" found dozens of fraudulent websites offering investors to participate in the ICO of Telegram and purchase its Gram tokens. This is reported by TASS.

Kaspersky Lab's experts found dozens of pages on the Internet offering to invest in a new platform, paying for the participation of other crypto-currencies. Analysis of transactions on one of these sites determined that the scammers managed to steal at least $ 35,000 in Ethereum at the rate at that time.

Kaspersky Lab's Message

Kaspersky Lab also reported that often such sites create the impression of full-fledged resources: they force their users to register, issue unique wallets, use a secure connection. Experts came to the conclusion that at least several sites of this kind are the same group of people.

Scammers use the lack of official information about the ICO campaign of Telegram to conclude such as schemes.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   223

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.