- Many digital token sales are fraudulent, two prominent names in the cryptocurrency space warned
- Joseph Lubin, co-founder of ethereum, said many initial coin offering (ICO) projects are copycats that do not intend to offer any real value to investors
- Brad Garlinghouse, CEO of Ripple, said token sales operate in a gray area while waiting for regulation to catch up
Issuing digital tokens is a popular way for many start-ups to raise money, but two prominent names in the cryptocurrency space warned about the rise in fraudulent projects that offer little value to investors.
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