Sentences with phrase «fraudulent token sales»

What are your thoughts on fraudulent token sales?

As Initial Coin Offerings are rising in popularity, experts are advising investors to be careful about fraudulent token sales.

In the months since The DAO enforcement action, the SEC repeatedly had warned the public about potentially fraudulent token sales, pump and dump schemes, cyberscams, celebrity promoters and the like, but little guidance had been provided by the SEC with respect to token sellers purporting to sell tokens with some functional utility.

Experts believe that such actions from regulators may be necessary in order to help the ICO ecosystem to grow, and, more importantly, to help stop fraudulent token sales from mismanaging or stealing funds from investors.

With the United States Securities and Exchange Commission announcing a crackdown on fraudulent token sales, most other countries have also stepped up their game against ICOs.

These fraudulent token sales have also caught the attention of the Chinese government.

Recently, the special SEC cyber team managed to shut down a fraudulent token sale before it could start collecting money from unsuspecting investors.