More than 80 percent of ICOs in 2017 were fraudulent

A recent study by the ICO consulting firm Statis Group found that more than 80 percent of ICOs in 2017 were fraudulent.

As a result, more than 70 percent of ICO funds went to quality projects in 2017 more than 80 percent of the projects were found to be fraud. Analysts also found that three percent of ICOs were killed.

According to the study, the total of coin and token funds in 2017 totaled $ 11.9 billion. ICO funding of $ 1.34 billion, or 11 percent, has gone to fraudulent projects. The vast majority of them constitute three major fraud projects;

Even though the number of fake ICOs is quite large, it seems that they collect very little funding when compared to the sector as a whole.

At the beginning of this month As of June 30, 2018, based on data from TechCrunch, Coinopsy and DeadCoins, more than 1,000 crypto money projects have already been reported dead. According to Coinopsy's list, there were 247 dead coins, and on DeadCoins's list there were 830 dead crypto moneys.