An ICO is the best example of not only an exit scam but also of a wolf in lamb’s clothing . Nick Szabo (Nakamoto Satoshi) did not only create the first P2P electronic currency that made anonymous and unregulated transactions a possibility and but he also inspired thousands fraudsters to use his open source Bitcoin code to create a new cryptocurrency in less than 2 hours and then use the ethereum network to run an “ Initial Coin Offering (ICO)” crypto- crowdfunding campaign and sale these worthless cryptocurrency tokens for millions of dollars to non-techy investors! 2.24 2.23 2.22 2.21 2.20 2.19 2.18 2.17 2.16 2.15 2.14 2.13 2.12 2.11 2.10 2.9 2.8 2.3 2.4 2.5 2.6 2.7 2.2 2.1 2.0 1.0 For those who don’t know what ICO is: A n initial coin offering (ICO) or initial currency offering (derived form initial public offering (IPO)) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfund