Wikipedia founder Jimmy Wells is warning investors to tread carefully around initial coin offerings (ICOs), the new crowdfunding model that has taken the startup community by storm. Many ICOs are “Absolute Scams” Wales recently told legacy media giant CNBC that many ICOs are “absolute scams,” “There are a lot of these initial coin offerings which are in my opinion are absolute scams and people should be very wary of things that are going on in that area,” he said. Although the author is much more optimistic about ICOs, Wales may have a point. Hacked.com’s Jonas Borchgrevink was recently informed that […]
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