TechCrunch yesterday reported that more than 1000 crypto projects "have failed so far in 2018," citing information from two websites- Coinopsy and Deadcoins.
According to TechCrunch, "scam and dead ICOs raised $1 billion in 2017."
This underscores the need for potential ICO (Initial Coin Offering) investors to exercise utmost caution before committing their money.
As quoted on CNBC, Nasdaq CEO Adena Friedman expressed "real concern on lack of transparency, oversight, and accountability that... companies have as they're going out to raise capital through an ICO."