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5 ludicrous cryptocurrency exit scams that regretfully happened in 2018


When you say “cryptocurrency,” you’d be forgiven if one of the first things that comes to mind is: “exit scam.” Exit scams refer to those cunning plots, whereby blockchain startups collect investors money, often through initial coin offerings (ICOs), only to disappear suddenly, along with any the funds raised. This happens so frequently that by August, more than $100 million in funds contributed to ICOs had been stolen as part of an exit scams in 2018. They’re indeed such a common occurrence, odds are there a handful you have forgotten actually happened this year. While this may not be an…

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