{"id":432840,"date":"2020-07-31T00:00:29","date_gmt":"2020-07-31T00:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=432840"},"modified":"2020-07-31T00:00:29","modified_gmt":"2020-07-31T00:00:29","slug":"crypto-rips-us-sec-warning-ico-scams","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-rips-us-sec-warning-ico-scams\/","title":{"rendered":"As Crypto Rips Higher, the US SEC Is Warning of ICO Scams Yet Again"},"content":{"rendered":"

It’s been an explosive past few weeks for the crypto market. While much focus has been put on Bitcoin and Ethereum, altcoins have also performed extremely well, with some rallying hundreds of percent or thousands of percent in literal days.<\/p>\n

Although much of this growth has been through legitimate projects, the U.S. Securities and Exchange Commission is once again warning of fraudulent ICOs.<\/p>\n

Related Reading:\u00a0Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold Bitcoin, DeFi Still in Vogue<\/a><\/h6>\n

SEC: Be Aware of “Potential Scams” Involving Crypto ICOs<\/strong><\/h2>\n

In a tweet published<\/a> July 30th, the New York office of the SEC wrote: “Be aware of potential scams involving Initial Coin Offerings.”<\/p>\n

Attached to the office’s warning was an investor alert<\/a> from August 28th, 2017 \u2014 near the peak of the last ICO boom \u2014 written by the SEC\u2019s Office of Investor Education and Advocacy.<\/p>\n

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Be aware of potential scams involving Initial Coin Offerings: https:\/\/t.co\/weG4zl8n7F<\/a><\/p>\n

— SEC New York (@NewYork_SEC) July 30, 2020<\/a><\/p><\/blockquote>\n