How the Biggest ICOs are Being Scammed and Lose Investors’ Money by Getting Ripped off by YouTubers
As we are in the middle of another market slump, an investigation published by ICO-Refund.com (disclaimer - I'm one of their affiliates) in
article on Medium shows how
YouTubers are buying cheap fake followers, likes, and views and use the false numbers and pretend audience/influence to take thousands of dollars for a short “review” from many of the ICOs, even the biggest ones out there, including
HyperQuant, LaneAxis, Ubex, Credits and more.
You can see the influx of shady Youtube ‘influencers’ in the Telegram groups of the ICOs, trying to get paid directly by them for a “good review”.
The funny thing is that how some of them are complete frauds with no real media influence and are literally stealing the money of the ICOs.It raises
questions about the competency of the projects at least in their marketing departments because it is more than obvious that some of the Youtube channels they have paid to be promoted on
are fake. It also makes you wonder about the other methods that ICOs use in order to make their projects more popular and exactly how much of the money that their investors have contributed to them is wasted for corruption and bribes, buying videos, articles, and ratings from shady and unknown individuals.
One of the discussed YouTubers has been made
114 or so paid Youtube “Reviews” within a timeframe of a 1 month which is crazy. The author of the article estimates that the Youtube
channel owner has made about $170k for that period and he has tricked most of the bigger ICOs at the moment to pay him to “review” their project in front of his fake followers and viewers.What's your view on it?
