Initial Coin offering  (ICO), a sort of fundraiser within the cryptocurrency space have additionally become a medium to scam investors. to reduce the chance of such fraudulence, The Federal Bureau of Investigation (FBI) wants you to be tactful once it involves your hard-earned cash.

At a recent interview with Netherlands-based financial news portal, the Paypers, the Bureau discerned to some key options of the deceitful ICOs. However, Steven M. D’Antuono, section chief of the FBI’s financial crimes section disclosed that the routine of fake or prohibited ICOs are often varied, but, there are some common threads in them. The fraud ICOs can misrepresent their expertise within the business, it'll incorrectly claim the industry’s interest within the ICO, and most significantly it'll guarantee the coin’s unreal rate of return. D’Antuono noted that in any investment product rates of return will never be guaranteed. He said,

“Like any investment product, rates of return will never be guaranteed and if it sounds too good to be true, it probably is.”


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