Exchanges Alerts ICO Scams and Illegal Fundraising in China Punishable by Death
24th June, Shenzhe-BTC38, the Shenzhen-based cryptocurrency exchange, released a warning to investors of potential ICO scams. ICOs are going rampant in the last two months. There are quite a number of ICO projects named with “Chain” circulating in the socializing tools like QQ or Wechat group, some of which could not be found in any websites and could only be accessible to so-called insiders. This creates another illusion for newbies or “jiucai(leek)” in the Chinese cryptocurrency community: the fast-track for getting rich is not available for everyone and better to get on board ASAP.
http://news.8btc.com/exchanges-alerts-ico-scams-and-illegal-fundraising-in-china-punishable-by-death
