$270 million to $317 million https://fivethirty
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Posted On: 03/02/2018 8:56:47 PM
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$270 million to $317 million
https://fivethirtyeight.com/features/signific...cid=SigDig
The SEC has subpoenaed multiple technology companies regarding ICOs, or initial coin offerings, to probe whether these influxes of cash via cryptocurrency are abiding by securities laws.
Coin offerings have raised $1.66 billion this year already and seem poised to top last year’s $6.5 billion raised from offerings.
An MIT study of ICO market estimated $270 million to $317 million of that money probably went to scams. [The Wall Street Journal]
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