Since the emergence of ieos and its success on binance bitforex kucoin and other exchanges platforms
It is becoming a trend recently where an exchange will lie about amount raised during ieo
Only for the token to dump 10x below ieo price
Typical examples are evident on bittrex, kucoin, idax and other exchanges known to us
There is need to even research more on the exchanges as the project
I heard about the sad news concerning binance IEO, that's quite sad that they didn't have a good reputation when it comes to IEOs. Also heard about the worst news and scam accusation about IDAX, I mean I can't still believe they would be involved in such scam act.
In the current IEO exchange, I see Latoken and IDAX are exchange that do not invest in project quality, but only give out IEO continuously, while those projects do not have potential.