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
This could be common in a lot of countries or i think in my country youtube celebrities are the most common that is promoting ICO's and different platforms which is I think just a scam.
Since in my opinion that could be a sponsored video, I think they are just a great platform that the scam ICO's could use to promote their token or their platform from a lot of people.
Also they influencers could really be effective for a lot of times since they could easily get the trust of the community but in the end, they are just getting paid to promote but not going to pay for it if you are going to get scam by this ICO or platforms.