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
It's really good idea than ICO. It's it's true that if some project find couple of good exchange for there IEO that project sold there hole coin. Doesn't matter what kinda project is that. But it's true also that couple of low quality exchange fraud with IEO also. So it's too much important to check that project which you wanna invest on it.