LONDON Investors have lost $670 million of cryptocurrencies in hacks and scams over the last three months, according to data shared with Business Insider.
Only 670$ millions this year?
I thought that only the damage from Bitconnect and the top ICOs that went missing would topple that.
And there are the news from
Vietnam with two huge scams, Philippine with a few tens of millions...
I guess we're pretty lucky greedy people are not that wealthy or we could count money lost in the scams in tens of billions.
The downside is that now scammers have enough money to star far more elaborate ICOs that would attract more people.
With a few millions you could buy enough advertising to fool an entire country.
Probably outdated, bitcnnected itself had about 3 Billion dollars market cap at the time it fell down, I know that market cap doesn't mean net worth, but I believe that the net worth was about 1B$ at that time.
I believe that this amount doesn't include ICOs that never came out with a product, even after the deadlines, and it doesn't indicate coins that went down to almost zero after the ICO because the development team left the project after they received the money, which is totally equal to " scam ".