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
While the cryptocurrency market is not regulated by anyone, there are no clear rules. Exchanges use this when conducting IEO. Traders are simply hostages of this situation. On the one hand, we want to be able to earn money, but on the other hand there is an imperfection of this whole system, where influential people try to deceive for their own benefit. At the moment, I don't see a good solution to this problem, so for now it all comes down to the choice: whether to take part in IEO or not.