So, PlexCoin just hit exchanges

[lakimens]

Yes, the coin that was sued by the Canadian government, the coin that had a C&D order if I remember correctly, the coin that is a confirmed scam, it still launched and apparently over 130k people invested. My thinking is that they launched to prove they're not a scam or to scam more people.
What are your thoughts on this?

[mithrim]

Well, now it should be clear:

SEC steps up scrutiny of digital coin sales with order to freeze 'PlexCoin' founders' assets
The Securities and Exchange Commission says it's obtained an emergency court order to freeze assets of those behind an initial coin offering that falsely promised a thirteenfold profit in less than a month.
Under that false promise, PlexCorps had raised up to $15 million from thousands of investors since August, the SEC says.

It's really sad to see so many people got scammed and $15 is just wow...

Source: https://www.cnbc.com/2017/12/04/sec-steps-up-ico-scrutiny-with-order-to-freeze-plexcoin-assets.html

[disconnectme]

Well, now it should be clear:

SEC steps up scrutiny of digital coin sales with order to freeze 'PlexCoin' founders' assets
The Securities and Exchange Commission says it's obtained an emergency court order to freeze assets of those behind an initial coin offering that falsely promised a thirteenfold profit in less than a month.
Under that false promise, PlexCorps had raised up to $15 million from thousands of investors since August, the SEC says.

It's really sad to see so many people got scammed and $15 is just wow...

Source: https://www.cnbc.com/2017/12/04/sec-steps-up-ico-scrutiny-with-order-to-freeze-plexcoin-assets.html

I think this is a good thing for the space and will put all these scammy developers on their toes that they are being watched.
People need to stop investing blindly in any project, understand what you are getting into before you invest into any project and don't invest what you can't be able to lose

[batang_bitcoin]

Well, now it should be clear:

SEC steps up scrutiny of digital coin sales with order to freeze 'PlexCoin' founders' assets
The Securities and Exchange Commission says it's obtained an emergency court order to freeze assets of those behind an initial coin offering that falsely promised a thirteenfold profit in less than a month.
Under that false promise, PlexCorps had raised up to $15 million from thousands of investors since August, the SEC says.

It's really sad to see so many people got scammed and $15 is just wow...

Source: https://www.cnbc.com/2017/12/04/sec-steps-up-ico-scrutiny-with-order-to-freeze-plexcoin-assets.html

Just watched a video that firstly made for them SEC did really hit them and it's just a scam. Good thing that SEC is now aware of these scams that are being abused by developers that are just jumping from one project to another so those legit projects will remain known and scams will be exposed.

People need to stop investing blindly in any project, understand what you are getting into before you invest into any project and don't invest what you can't be able to lose

Projects are hard to identify if they are scam but still better to rely on those who has trusted people in their back.

[IlfarIldarovich]

In our time very carefully need to select the ICO of the company ,because a surprising number of Maslenikov ,but there are many good companies