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Hundreds of crypto offerings show signs of “plagiarism, identity theft and promises of improbable returns
The Wall Street Journal analyzed 3,300 ICOs from ICOBench.com, Tokendata.io, and ICORating.com, and found that 16%, or 513, of them, showed signs of "plagiarism, identity theft and promises of improbable returns."
The Journal used the following methodology to identify possible red flags:
To identify plagiarism, the Journal "compared sentences with at least 10 unique words to every other sentence in other white papers"
To identify identity theft, the Journal did reverse image searches of photos of people "associated with 343 projects lacking key details about team members"
To identify promises of improbable returns, the Journal searched a project's white papers for the terms like "nothing to lose" and "guaranteed profit"
https://www.theblockcrypto.com/tiny/wsj-hundreds-of-crypto-offerings-show-signs-of-plagiarism-identity-theft-and-promises-of-improbable-returns/
Most 97% of ICO projects are scam and you will not be able to find any good projects at this time because people are just trying to make money from others making it impossible to control scam projects. At this time, investors should actively withdraw and should not depend too much on current ICO projects The Wall Street Journal analyzed 3,300 ICOs from ICOBench.com, Tokendata.io, and ICORating.com, and found that 16%, or 513, of them, showed signs of "plagiarism, identity theft and promises of improbable returns."
The Journal used the following methodology to identify possible red flags:
To identify plagiarism, the Journal "compared sentences with at least 10 unique words to every other sentence in other white papers"
To identify identity theft, the Journal did reverse image searches of photos of people "associated with 343 projects lacking key details about team members"
To identify promises of improbable returns, the Journal searched a project's white papers for the terms like "nothing to lose" and "guaranteed profit"
https://www.theblockcrypto.com/tiny/wsj-hundreds-of-crypto-offerings-show-signs-of-plagiarism-identity-theft-and-promises-of-improbable-returns/
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