Fellow crypto enthusiasts, we have another ICO scam coming right up!
While at first glance you might think that everything is fine and dandy, but that’s why Shitcoin comes to the rescue. A decentralized storage for intellectual property?
More like a decentralized storage for bullshit. What else would you expect from 2 guys who have changed their real names to “de St. Amatus”? 🙄😒

https://shitcoinoffering.com/vestil-analysis-scam-usat/
On a new episode of Scam Watch: USAT.

⚠️SCAM ALERT⚠️

Website: https://cardanopays.com

Unrealistic profit return plan: They have offered an unrealstic profit return plan.

Empty social media link: They have used empty link on their social media section. If you click on their social media link it will redirect you to social media login page. They don't have any active social media.

Fake withdrawal history: On their website they are showing withdrawal history, but it's completely fake. It's just showing through javanoscript website tools.

Using the name of cardano (ADA):  They are using the name of ADA to gather investors on their site, but they have no valid relationship with ADA.

False promises!

welcome to the internet

UPDATED ANNUAL GRAPH
FOR COLLECTED FUNDS AND NUMBER
OF SUCCESSFULLY * * * COMPLETED PROJECTS.
https://goo.gl/VzoB49

⚠️SCAM ALERT⚠️

CryptoGamb Scammers changes website to BTCGamb.com that scams Millions of Users.

Proof: CryptoGamb Scam

For 2018 and 2019, in particular, the regulator said it will be monitoring ICOs and “intervening where there is poor behavior and potential harm to consumers and investors.”

https://cryptovest.com/news/australias-cryptocurrency-sector-facing-increased-scrutiny/

One of the top scam projects of 2018. This is how UBEX made their $8 miliion. Be careful with them…
https://shitcoinoffering.com/ubex-ico-machine-will-never-rise/

"Korea Financial Supervisory Board launches investigation on ICOs"

Korea Financial Supervisory Board (금융감독원) is conducting an investigation on local blockchain companies regarding ICOs. The purpose of the investigation is to understand the state of the ICOs, but companies are fearing that this is a sign of regulation.

The board has sent official documents on September 10th to companies that have finished or are preparing an ICO. The document states that "To understand the status of ICOs kindly cooperate by answering the following questions and submit them by September 21st".

Comprised of 52 questions total, the questions include shareholder status, ICO registered country, promotion strategies in Korea etc. Some example questions are

- Major shareholders and organization breakdown (# of employees, departments etc)
- Country and registration number of issuing company
- Detailed mainnet plans
- Amount of ICO allocations given to Korean residents
- Reason for conducting ICO abroad
- Entity responsible for planning marketing/promotion in Korea (contract details if possible)
- Additional tokens or profits from the project distributed yet not stated in the whitepaper

An insider from the board stated that the purpose of this investigation is to "understand the contract details, business plans, whitepaper details of ICOs to establish a set system rather than a form of regulation. Since many ICOs are prepared outside Korea, we are aiming to understand the market and see what kind of system/rule we can adopt in the market"

The recipients of the official document are mainly blockchain companies that have been mentioned in media but if the board finds more they will send additional documents to them as well.

As for the companies they are quite worried about the situation due to the large number of questions and the vast scope of the requirements. The information normally is confidential and seems to be a burden to these blockchain companies.

https://www.coindeskkorea.com/%EB%8B%A8%EB%8F%85-%EA%B8%88%EC%9C%B5%EA%B0%90%EB%8F%85%EC%9B%90-ico-%EC%9D%BC%EC%A0%9C%EC%A1%B0%EC%82%AC-%EC%B0%A9%EC%88%98/