4 Fake ICOs (Initial Coin Offerings)
Some companies use ICOs to raise capital and there has been a massive explosion of ICO opportunities which has raised the fraudulent activities even on a higher scale. The scammers can open fake websites which resemble like ICOs, asking to deposit funds into compromising wallets. For instance, Centra Tech was sued for providing with fake information about team members, investors, and products. Research deeply that involves taking a deep look at the reviews apart from the white paper. Report a Bitcoin scammer when you come across, so others are not prey of the same scam.
You're most likely lose your money even with "legit" ICO's, because ICOs these days are just HYIPS - everyone knows that they are scams, people just think that they can outspeculate the market. Only newbies think that they can find a good ICO, because they think that if they read about common signs of a scam like fake team members, then it's enough to spot scams. My advice to everyone, regardless of their experience, is to stay away from ICO and other offerings, it's simply not worth the risk. In the long run all these tokens go to zero, as history shows.