SEC fined Steven Seagal for advertising ICO. The actor did not disclose information about the funds received for the promotion of the project, which could mislead investors, the Commission explained.
Since the ICO, the price of the Bitcoiin2Gen token advertised by Segal has fallen by 99%.
do you think celebrities know that they advertise scam projects or they just dont understand what they are doing? I think this is a big problem for the market
They for surely do not know what they are advertising. Just like those people who advertise a trading application in youtube. They are just up onto the money of the application that they are going to advertise but didn't think of those people who will avail or use that application. They must be well informed in that kind of ICO first before advertising it.